Elon Musk possibly selling stock due to $15 billion tax bill: Report

Nov 08, 2021 07:10 am UTC| Business Economy

Elon Musk is said to be facing a hefty tax bill amounting to over $15 billion, and it was suggested that this could be one of the reasons why he is contemplating selling his Tesla stock. According to CNBC, Elon Musk may...

Amazon requests approval to launch 4,500 additional satellites to space for Project Kuiper program

Nov 08, 2021 05:54 am UTC| Business Economy

Amazon is working on its Project Kuiper program that aims to provide internet service to the public. The tech company is planning to launch its internet service not just in the United States but around the world, so it is...

Climate Change Series

Climate finance: it'll be cheaper in the long run if poorer countries receive it as a matter of urgency

Nov 06, 2021 08:33 am UTC| Economy

The almost mystical Green Climate Fund is back in the headlines at the COP26 climate summit in Glasgow. The fund grew out of a promise made by rich nations in 2009 to provide US$100 billion (74 billion) per year in climate...

Central Banking Series

Why the era of cheap money is finally ending

Nov 06, 2021 08:32 am UTC| Economy

The Bank of England was widely expected to slightly increase its official bank rate on November 4, but it decided to stick to the all-time low of 0.1%. However, the bank has made it clear that a rise will soon be needed,...

Fuel subsidies in Nigeria: they're bad for the economy, but the lifeblood of politicians

Nov 06, 2021 08:10 am UTC| Economy

Nigeria, Africas biggest oil producer, has come under fire from the International Monetary Fund as well as World Bank for the heavy financial burden it carries in providing subsidies for fuel and kerosene. The criticism is...

Borrowing from King Solomon, economists are getting closer to working out how good leaders can make good decisions

Nov 06, 2021 07:59 am UTC| Insights & Views Economy

Heres a story from the Bible. As far as I know, its the first reported instance of the branch of economics known as implementation theory. Its from the First Book of Kings, Chapter 3, starting at Verse 16. Two women...

NBA to feature 75th anniversary theme in 40 Twitter spaces

Nov 05, 2021 23:32 pm UTC| Sports Business Economy

The National Basketball Association (NBA) will get additional content, including 75th anniversary-themed versions, to its 40 Twitter Spaces live audio feature in its extended partnership with the social media giant. The...