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Wed, May 01, 2024 01:17 PM All times are UTC

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Public housing needs radical reform: here's how

Dec 06, 2020 10:00 am UTC| Real Estate Economy

Britains housing system is well and truly broken. House-builders sit on land already granted planning permission and drip-feed the market to keep supply low and prices high. Despite the coronavirus crisis, house prices...

Eliminating most homelessness is achievable. It starts with prevention and 'housing first'

Dec 06, 2020 09:53 am UTC| Economy

The stereotype of a homeless person those living in tents or sleeping in parks or doorways is just the visible tip of the much larger crisis of homelessness in Australia. For every one of about 8,000 rough sleepers...

How a flu virus shut down the US economy in 1872 – by infecting horses

Dec 06, 2020 09:51 am UTC| Economy

In 1872 the U.S. economy was growing as the young nation industrialized and expanded westward. Then in the autumn, a sudden shock paralyzed social and economic life. It was an energy crisis of sorts, but not a shortage of...

Digital Currency Revolution

Bitcoin's rebound: 3 reasons this time is (sort of) different

Dec 06, 2020 09:37 am UTC| Investing Economy Digital Currency

Bitcoin is back. Three years after the bubble that inflated its value from US$5,000 to US$20,000 in less than three months burst in spectacular fashion, plunging more than 80%, the cryptocurrency is again on the verge...

South Korea's exports up 4% in November

Dec 03, 2020 00:58 am UTC| Economy

South Korea posted exports worth $45.8 billion in November, increasing by 4 percent on-year while rebounding from a 3.8 percent drop last month. The countrys daily exports in November also rose 6.3 percent on-year,...

S. Korea's carmakers suffer 5% sales dip in November

Dec 02, 2020 22:12 pm UTC| Economy

South Korea five carmakers sold a combined 674,040 vehicles in November, down 5 percent from the 710,466 units a year as the coronavirus outbreak continued to sap global demand. A series of strikes added to the...

Zimbabwe's cannabis earnings forecast of $1.25 billion is 'ambitious': economist

Dec 01, 2020 23:49 pm UTC| Economy

Zimbabwes export earnings projection from cannabis to reach $1.25 billion in 2021, three times more than tobacco, was called ambitious by an independent economist based in Harare, John Robertson. The economist said...

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Economy

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

The Mattei Plan: why Giorgia Meloni is looking to Africa

Since coming to power, Giorgia Melonis government has been remarkably orthodox in its foreign policy. Unwavering support for Ukraine, loyalty to the Atlantic Alliance and full participation in the European Union - these...

Politics

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Military conscription is returning to Europe, but is it really a more equal way of mobilising? What history tells us

The idea that conscription, defined as the compulsory enlistment of citizens for military service, can increase equality and instil a sense of solidarity that transcends traditional societal divides has echoed throughout...

The 50th anniversary of Portugal’s Carnation Revolution

Across Portugal, a number of photography exhibitions are currently on display that commemorate the ousting of the Estado Novo, the dictatorial, authoritarian and corporatist political regime that had ruled the country...

Science

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

Microsoft to Set Up Its First Azure Data Center in Thailand With Investment in AI

Microsoft Corporation is building its first Azure data center in Thailand to enable a cloud and AI-powered future for the country. The tech firm announced on Wednesday, May 1, that through the facility, it will also...

BYD Profits Drop 47%, Tesla Launches Cybertruck Off-Road Guide Amid EV Price War

Amid a fierce EV price war in China, BYDs profits plummeted by 47% in the first quarter of 2024. This contrasts sharply with Teslas proactive approach, which includes releasing a detailed off-road guide for Cybertruck...

US Court Sets May Hearing for Terraform Labs, Do Kwon Remedies

On May 22, the U.S. District Court for the Southern District of New York is set to consider proposed financial remedies from Terraform Labs and its co-founder, Do Kwon, following a fraud verdict. The court will hear...

Bitcoin Traders Unfazed by 20% Drop: 'Pretty Ordinary Stuff'

As Bitcoin endures its fourth 20% correction in 12 months, dropping to $59,730, market veterans see it as nothing unusual. Leaders in the crypto industry, like Raoul Pal and Thomas Fahrer, reassure that such fluctuations...

Elon Musk Fires EV Supercharger Staff, Explains Reason for the Team’s Disbandment

Elon Musk disbanded Teslas EV Supercharger team amid company-wide layoffs affecting employees worldwide. The 52-year-old Tesla chief also terminated senior executives. The CEO demolished part of the unit responsible for...