Nike, Starbucks, Unilever, Microsoft join hands to combat global carbon emissions

Jul 24, 2020 18:22 pm UTC| Economy

Nike Inc., Starbucks Corp., Unilever NV, Microsoft Corp., and five other leading firms from various sectors are collaborating in a program dubbed Transform to Net Zero to help businesses globally achieve zero carbon...

How smart investments in technology can beef up Africa’s economy

Jul 24, 2020 14:16 pm UTC| Economy Technology

There is no shortage of technological innovations designed to boost animal agriculture in Africa. These range from GPS tracking systems which identify and trace pastoralists herds to livestock vaccine SMS services that...

S. Korea's economy tumbles by 2.9% in Q2.

Jul 24, 2020 12:41 pm UTC| Economy

South Koreas gross domestic product (GDP) shrank 2.9 percent in the second quarter from the same period last year, posting its slowest growth since a 3.8 percent on-year contraction in the fourth quarter of 1998. The...

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...