On the brink: Global crises ranging from climate to economic meltdown demand radical change

Oct 11, 2022 04:40 am UTC| Insights & Views Economy

We have damaged our planet through destructive exploitation of fossil fuels and the insatiable demand for things we dont need. We are cooking ourselves to death and it may already be too late to do anything about...

Inflation: why you might be worrying about it more than you should

Oct 11, 2022 04:30 am UTC| Economy

People really dislike inflation. Today, with US annual inflation still above 8%, one in five Americans consider it the countrys biggest problem spelling trouble for the Democrats at the November mid-terms. Inflation is...

Future of Coal Series

The end of coal-fired power is in sight, even with private interests holding out

Oct 11, 2022 04:28 am UTC| Economy

If future historians pick a point in time when Australia comprehensively turned its back on coal-fired generation, they may well point to AGLs decision to bring forward the closure of Loy Yang A, the cheapest (excluding...

Ghana and the IMF: debt restructuring must go hand-in-hand with managing finances better

Oct 11, 2022 04:28 am UTC| Economy

Ghana is struggling with managing its debt, 20-year high inflation, a weak currency, and rising inequality. For example, inflation rose to 33.9% in August 2022 from 9.7% a year earlier, while the cedi has depreciated by...

Nobel economics prize: insights into financial contagion changed how central banks react during a crisis

Oct 11, 2022 04:24 am UTC| Insights & Views Economy

Why have Diamond, Bernanke and Dybvig been awarded the prize? The works by Diamond and Dybvig essentially explained why banks exist and the role they play in the economy by channelling savings from individuals into...

Lotte Biologics allegedly stole Samsung’s trade secrets

Oct 10, 2022 10:04 am UTC| Business Economy

Lotte Biologics is reportedly accused of stealing the trade secrets of its rival, Samsung Biologics. A probe into the case was already launched by prosecutors, and officials will be especially checking into some of the...

Iwon Jeil Cha company that funded the construction of LEGOLAND Korea Resort declared bankruptcy

Oct 10, 2022 09:55 am UTC| Business Economy

Iwon Jeil Cha supported the development of Legoland Korea Resort by funding its construction. But unfortunately, now that the Disney attraction in South Korea is in operation, Iwon Jeil Cha was reported to have gone...