Microfinance loans could spell disaster in the time of coronavirus

Jul 22, 2020 12:26 pm UTC| Fintech Economy

When the Nobel Peace Prize was awarded to Bangladeshi economist Muhammad Yunus in 2006 for his concept of microfinance, it brought what began as a local policy experiment in the 1970s to global attention. Microfinance...

COVID-19's economic impact could be stressing out our kids

Jul 22, 2020 12:24 pm UTC| Economy

Did you lose your job because of the pandemic? Even if your job is not currently affected, do you worry about your future income? If so, you are one of many who experience economic stress. COVID-19 is taking a heavy...

Jobs crisis: the case for a new social contract

Jul 22, 2020 12:16 pm UTC| Economy

Numerous British companies have been announcing redundancies on the back of the COVID-19 crisis, notably in retail, hospitality, aviation and manufacturing. With big names including Marks Spencer, Rolls-Royce, Airbus and...

S. Korea's seaport cargo down 7.8% in first half

Jul 22, 2020 02:21 am UTC| Economy

South Koreas seaports handled 744.21 million tons of cargo handle in the first half, down 7.8 percent from last year, as a global trade decline more than offset increased trade with Southeast Asian nations and...

Government lockdown costs may be exaggerated over COVID-19's direct economic impact

Jul 21, 2020 14:55 pm UTC| Economy

As a second COVID-19 lockdown looms in New South Wales, there is much discussion about the economic costs of doing so. But since the start of this pandemic there has been profound confusion in many quarters about the...

Progressive in theory, regressive in practice: that's how we tax income from savings

Jul 21, 2020 14:24 pm UTC| Investing Economy

Were told Australia has a progressive tax system the more you earn, the higher the rate. And thats certainly the case for earnings from wages. An Australian on A$35,000 sacrifices 21 cents out of each extra dollar they...

How local governments can attract companies that will help keep their economies afloat during COVID-19

Jul 21, 2020 14:22 pm UTC| Economy

As companies labor to stay afloat amid the coronavirus pandemic, some businesses that feel hemmed in by local or statewide workplace safety mandates, have threatened to relocate to more accommodating locations. Before...