Now we'll need $100-$120 billion. Why the budget has to spend big to avoid scarring
Sep 09, 2020 06:33 am UTC| Economy
Australia is in for a long and damaging economic slump, unless governments inject substantially more fiscal stimulus. The July budget update forecast that unemployment would hit 9.25% in coming months. The Treasury...
China's leaders are strong and emboldened. It's wrong to see them as weak and insecure
Sep 09, 2020 06:29 am UTC| Politics Economy
Theres an emerging view that Chinas belligerent approach and torching of diplomatic relationships with the wider world is a sign of insecurity and weakness; that its economic growth is unsustainable; and that everyone in...
Israel -UAE annual trade pegged at $4 billion a year
Sep 08, 2020 08:30 am UTC| Economy
The annual trade between Israel and the UAE is expected to reach $4 billion within three to five years, said Israeli Intelligence Minister Eli Cohen. Israel and the UAE announced the normalization of diplomatic...
Israeli banks to lead business delegations visiting UAE on Sept
Sep 06, 2020 22:29 pm UTC| Economy
Israels two biggest banks will lead delegations traveling to the UAE on Sept. 8 and 14 to establish economic relations and cooperation. The first delegation to be led by Bank Hapoalim will visit Abu Dhabi and Dubai to...
Three-fourths of S. Korean firms not eager to hire in H2: poll
Sep 06, 2020 22:18 pm UTC| Economy
Three-fourths of South Koreas large companies either dont have plans to hire or have not confirmed their recruiting scheme for the second half of the year, based on a survey by the Korea Economic Research Institute...
Laos to give up electric grid control to China
Sep 06, 2020 07:50 am UTC| Economy
Laos would cede majority control of its electric grid to China Southern Power Grid Co. to stave off a potential debt default. The power grid shareholding deal was signed between state-owned Electricite du Laos (EDL) and...
Saudi Arabia's research increases solar power generation by 20%
Sep 03, 2020 03:18 am UTC| Economy
New research by the King Abdullah University of Science and Technology (KAUST) in Saudi Arabia has been able to deliver close to 20 percent electricity generation increase by using atmospheric water vapor to cool down...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects