The wildfires raging across Los Angeles are setting the scene for a real estate nightmare. Thousands of homes and other structures are destroyed and hundreds of thousands of residents have been evacuated at various times.…
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Bank for International Settlements veteran Claudio Borio has joined the Central Banking Advisory Board. Borio, who headed the BIS’s monetary and economic department between 2013 and 2024, has long drawn important lessons from economic history alongside contemporary…
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By Florence Tan and Siyi Liu SINGAPORE (Reuters) -Supertanker freight rates jumped after the U.S. expanded sanctions on Russia’s oil industry, sending traders rushing to book vessels to ship supply from other countries to China…
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Capitalism, communism and socialism are the world’s three major economic systems. While the phrase “economic system” may seem like a yawn, countless people have fought and died in major wars over which one should dominate.…
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A new translation of a 2018 book by French science historian Thibault Le Texier challenges the claims of one of psychology’s most famous experiments. Investigating the Stanford Prison Experiment: History of a Lie, published recently…
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Investing.com — Gold prices slumped Monday as the prospect of deep Federal Reserve rate cuts faded following stronger-than-expected nonfarm payrolls data, which supported the dollar. At 3:57 p.m. ET (20:57 GMT), fell 1% to $2,662.20…
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Picture yourself living the American Dream. You likely have more opportunity than your parents did. Through hard work, smart choices and perhaps some good luck along the way, you have financial stability and a great…
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Last week the billionaire and owner of X, Elon Musk, claimed the pool of human-generated data that’s used to train artificial intelligence (AI) models such as ChatGPT has run out. Musk didn’t cite evidence to…
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By Anna Hirtenstein LONDON (Reuters) – Oil extended gains for a third session on Monday, with rising above $80 a barrel to its highest in more than four months, driven by wider U.S. sanctions on…
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Nigerians may be wondering whether the year 2025 will bring the “renewed hope” promised by the President Bola Tinubu administration – or whether they are in for another year of economic despair. Nigerians are facing…
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