Why it takes so long to simulate the climate in a supercomputer

May 02, 2024 06:00 am UTC| Insights & Views Technology

Climate models are some of the most complex pieces of software ever written, able to simulate a vast number of different parts of the overall system, such as the atmosphere or ocean. Many have been developed by hundreds of scie...

KFC Shutters Over 100 Restaurants in Malaysia Over Tough Economic Conditions, Boycotts

May 01, 2024 09:48 am UTC| Business

KFC suspended the operation of its more than 100 stores in Malaysia and said the closure is temporary. QSR Brands Holdings Bhd, the local operator of the fried chicken chain in the region, cited tough economic conditions and...

Climate Change Series

Business and management graduates can become climate change and sustainability champions

May 01, 2024 03:43 am UTC| Insights & Views

There is no doubt about it: the world is in the grips of a climate crisis. The headlines are full of reports about extreme weather events and the negative effects of the fossil fuel industry. This reality means that anyone e...

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

Apr 25, 2024 06:12 am UTC| Insights & Views Politics

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 with...

Economic growth tops the priority list for Canadian policymakers — here’s why

Apr 25, 2024 06:01 am UTC| Insights & Views Economy

Canada is currently experiencing anemic economic growth, meaning there is a slowdown in the total production of goods and services per capita. The real GDP growth forecast for 2024 is 0.7 per cent. Despite this, American eco...

America’s Roundup: Dollar falls after US business activity data, Wall Street closes higher, Gold falls to 2-week low, Oil rises as focus shifts to economic data

Apr 23, 2024 21:37 pm UTC| Market Roundups

Market Roundup US Redbook (YoY) 5.3%,4.9% previous US Apr Services PMI 50.9,52.9 forecast,51.7 previous US Apr Manufacturing PMI 49.9, 52.0 forecast,51.9 previous US Apr SP Global Composite PMI 50.9, 52.1 previous ...

Air New Zealand Lowers Earnings Forecast Amid Economic Challenges

Apr 22, 2024 04:09 am UTC| Business

Air New Zealand delivered a financial update that rattled investors, announcing a reduction in its annual earnings forecast. This was due to the ongoing cost-of-living crisis and economic downturn affecting revenue streams, par...

America’s Roundup: Dollar hits 5-month high against euro, US stocks end mixed, Gold holds steady, Oil prices flat as economic headwinds counter Mideast supply fears

Apr 16, 2024 22:54 pm UTC| Market Roundups

Market Roundup Canada Mar CPI (YoY) 2.9%,2.8% previous Canada Mar CPI (MoM) 0.6%,0.7% forecast,0.3% previous US Mar Building Permits (MoM) -4.3%, 2.4% previous US Mar Building Permits 1.458M,1.514M forecast, 1.524M ...

America’s Roundup: Dollar jumps after strong U.S. retail sales , Wall Street close lower, Gold firms, Oil prices slip after Iran attack, US economic data

Apr 16, 2024 00:27 am UTC| Market Roundups

Market Roundup US NY Apr Empire State Manufacturing Index -14.30,-5.20 forecast,-20.90 previous Canada New Motor Vehicle Sales (MoM) 137.7K,116.9K previous Canada Feb Manufacturing Sales (MoM) 0.7%, 0.7% forecast,0.2% ...

ByteDance Profits Surge 60% Amid Economic Downturn, Showing Remarkable Resilience

Apr 10, 2024 09:50 am UTC| Business

In a display of resilience amidst an economic downturn, ByteDance Ltd., the parent company of the popular app TikTok, has reported a dramatic surge in profits and sales for 2023. Earnings before interest, tax, depreciation, and...

How cuts to marginal income tax could boost the UK’s stagnant economic growth

Apr 08, 2024 06:12 am UTC| Insights & Views Economy

The British prime minister recently claimed the UK economy has turned a corner. Rishi Sunak said inflation figures were encouraging, and proclaimed that 2024 would be the year Britain bounces back. According to his chancello...

Food prices will climb everywhere as temperatures rise due to climate change – new research

Mar 25, 2024 05:09 am UTC| Insights & Views Life Economy

Climate change, and specifically rising temperatures, may cause food prices to increase by 3.2% per year, according to a new study by researchers in Germany. As climate change continues to worsen, this price inflation will mean...

Industrialisation is still vital to economic development but some countries are struggling to reap its benefits

Mar 25, 2024 05:07 am UTC| Insights & Views Economy

Alexander Hamilton, one of the founding fathers of the US, wrote a wealth of reports that served as building blocks for the countrys economic system. In 1791, during his time as secretary of the Treasury, Hamilton published one...

America’s Roundup: Dollar gains after strong economic data, Wall Street ends higher, Gold eases slightly, Oil settles lower on weak demand for gasoline in the United States

Mar 21, 2024 23:54 pm UTC| Market Roundups

Market Roundup German economy likely in recession in Q1 -Bundesbank UK economy moving in right direction for cuts -BoE US Mar Philly Fed Business Conditions 38.6, 7.2 previous US Philly Fed Prices Paid 3.70,16.60 pr...

Mentorship is key to improving social and economic outcomes for Black youth

Mar 19, 2024 11:28 am UTC| Insights & Views Economy

Black youth in Canada experience poorer educational achievement than other children and youth, which leads to subsequent poor economic outcomes. A series of problems and barriers contribute to poor educational outcomes. Thes...