The dollar may be soft just now, but it won't be replaced as global reserve currency
Aug 26, 2020 11:23 am UTC| Economy
Stock markets have been very strange this year. We witnessed the fastest sell-off in history between February and March, with the SP 500 falling more than 30%, only to enjoy the best recovery ever, reaching an all-time...
4 reasons why a gas-led economic recovery is a terrible, naïve idea
Aug 26, 2020 11:20 am UTC| Economy
Australias leading scientists today sent an open letter to Chief Scientist Alan Finkel, speaking out against his support for natural gas. Finkel has said natural gas plays a critical role in Australias transition to...
Government to recruit 500 more reservists in $1 billion accelerated defence spend to support jobs
Aug 26, 2020 11:17 am UTC| Politics Economy
The Morrison government is accelerating and repurposing defence spending in a A$1 billion boost to support about 4,000 jobs and assist small and medium-sized businesses in the defence industry supply chain. In several...
Why police unions are not part of the American labor movement
Aug 26, 2020 11:05 am UTC| Economy Politics
In the wake of George Floyds death at the hands of a Minneapolis police officer, news reports have suggested that police unions bear some of the responsibility for the violence perpetrated against African...
Trouble at the mall as landlords and tenants ponder mutually assured destruction
Aug 26, 2020 10:54 am UTC| Economy
This is not a bluff, Scott Evans, the chief executive of Mosaic Brands, has said of his threat to permanently close 300 to 500 stores in Australia unless landlords reduce rents. Mosiacs network of about 1,300 apparel...
Botswana unsure of extending De Beers sales deal by end-2020
Aug 26, 2020 08:57 am UTC| Economy
The Botswana government refused to guarantee a renewal of a 10-year sales agreement with diamond firm De Beers within the year due to delayed negotiation brought about by the coronavirus pandemic. According to Secretary...
Russia eyes $7 Billion investments in Suez Canal project
Aug 25, 2020 05:53 am UTC| Economy
The industrial zone that Russia is developing in the Suez Canal Economic Zone is expected to attract $7 billion in new investments, said Moscows ambassador to Egypt Georgy Borisenko. The zone will cover 5.25 square...
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