S. Korea posts tax revenue of 39.1 trillion won in October
Dec 09, 2020 20:55 pm UTC| Economy
South Korea collected 39.1 trillion won in taxes in October, up by 6.8 trillion won from last years 32.3 trillion won, due to a 4.1 trillion increase in income tax revenue to 10.5 trillion won. In October, South Koreas...
S. Korean shipyards edge Chinese in order volume for 5th month
Dec 09, 2020 09:49 am UTC| Economy
South Korean shipyards received new orders totaling 990,000 compensated gross tons (CGTs), covering 60 percent of the 1.64 million CGTs ordered globally in November, to outpace their Chinese rivals for the fifth...
Denmark to end new oil and gas exploration
Dec 06, 2020 23:59 pm UTC| Economy
Denmark will end all new oil and gas exploration in the North Sea, in fulfillment of its plan to stop extracting fossil fuels by 2050. Its government also agreed to cancel its latest licensing round on...
It isn't right to say we are out of recession, as these six graphs demonstrate
Dec 06, 2020 10:02 am UTC| Economy
Itd be wrong to say that we are out of recession, although thats how the graph of Wednesdays GDP numbers makes it look. Gross domestic product (the measure of everything produced and earned and spent) fell 7% between...
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...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects