Emirates issues over $517 million in refunds, more reimbursements expected

Jul 02, 2020 23:57 pm UTC| Economy

Dubai-based carrier Emirates has processed nearly 650,000 refunds amounting to over $517 million over the past two months while operating a decreased number of flights on a limited network. According to Chief Commercial...

India invites private firms to run and modernize railways

Jul 02, 2020 23:55 pm UTC| Economy

India is now inviting bids for private firms to invest $39.8 million in running trains along 109 routes to introduce modern technology and boost its virus-hit economy. The private players will have to pay a percentage...

Japan to shut down aging coal-fired power plants to reduce emissions

Jul 02, 2020 23:50 pm UTC| Economy

Japan will close about 100 of its aging coal-fired and inefficient power plants by fiscal 2030 to reduce carbon emissions and shift toward renewable energy. Industry minister Hiroshi Kajiyama is expected to announce the...

Recession will hit job-poor parts of Western Sydney very hard

Jul 02, 2020 15:55 pm UTC| Economy

This is the second of three articles based on newly released research on the impacts of a lack of local jobs on the rapidly growing Western Sydney region. After 2016 but before COVID-19, it should be said Western...

Why Vladimir Putin's tax hike for the rich won't bother Russia's oligarchs

Jul 02, 2020 15:44 pm UTC| Economy

Just a couple of days before Russians began voting in a constitutional referendum in late June that is likely to pave the way for Vladimir Putin to stay on as president until 2036, the government announced a tax rise for...

Behavioural science can help make the UK's track and trace app a success – here's how

Jul 02, 2020 15:30 pm UTC| Economy

Originally planned to roll out in May, the UKs track and trace app has now been delayed until winter. Part of the governments wider test, track and trace strategy, the app uses Bluetooth on smartphones to see who infected...

Technology is a powerful determinant of change, but labour can shape its direction

Jul 02, 2020 15:12 pm UTC| Economy Insights & Views

Technology is a product of human labour. The working class and society can therefore shape its direction. According to the International Labour Organisation (ILO), long-term technological change has created more employment...