Australia's 4.6% unemployment rate hints at what's possible, but it's not the real thing

Aug 22, 2021 01:17 am UTC| Economy

This week provided a first tiny glimpse into the labour-market fallout from Australias recent lockdowns. Australian Bureau of Statistics published the wage price index for the June quarter yesterday, showing sluggish...

Consumer borrowing was heavily restricted in 1940s to curb inflation – it's time we did it again

Aug 22, 2021 01:06 am UTC| Economy

There has been much talk about a potential inflation surge as countries lift pandemic restrictions and seek to resume normal economic activity. In recent months, US prices have risen more than 5% year-on-year. In the UK,...

How the gig economy could suffer from a labour shortage – but workers may be better off

Aug 22, 2021 01:06 am UTC| Economy

The long-term impact of COVID-19 on the economy will not be clear for some time. But in the UK, the easing of pandemic related restrictions has coincided with significant labour shortages and the driving up of wages....

Binance tightens background checks as global anti-money laundering regulatory pressure mounts

Aug 21, 2021 16:36 pm UTC| Digital Currency Economy

The worlds biggest cryptocurrency exchange Binance would begin demanding stricter background checks on customers to bolster efforts against money laundering in response to global pressure by regulators. Binance users...

McDonald's claims 99.6% of its paper packaging sourced from sustainable fiber

Aug 21, 2021 14:19 pm UTC| Nature Economy

McDonalds Corp claims that it has sourced 99.6 percent of its paper food packaging in restaurants from recycled or sustainable fiber in 2020, up from 92 percent in 2019. In its annual sustainability report, the global...

Sports apparel startup Fanatics scores big with MLB sports card deal and PSG's signing of Leo Messi

Aug 21, 2021 12:37 pm UTC| Sports Economy

Sports apparel startup Fanatics will become the new exclusive licensee for Major League Baseball (MLB) cards in 2025, while its LA store that focuses on Paris Saint-Germain apparel got a boost when the soccer team signed...

Amazon dismisses report of plans to open physical stores as 'rumors and speculation'

Aug 20, 2021 23:54 pm UTC| Economy Business

E-commerce giant Amazon dubbed reports of plans to open physical stores in the US that resemble the brick-and-mortar department store models as rumors and speculation. Amazon will supposedly open its first US stores in...