The UK government has announced a proposal that would give workers the right to request a four-day working week. On the surface, it appears to be a bold step. It responds to demands – intensified…
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The Australian government this week released voluntary artificial intelligence (AI) safety standards, alongside a proposals paper calling for greater regulation of the use of the fast-growing technology in high-risk situations. The take-home message from federal…
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(Reuters) – Goldman Sachs adjusted its expectations for OPEC+ oil production saying it now expects three months of production increases starting from December instead of October, the bank said in a note on Friday. OPEC+…
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A study of 160 countries, spanning 60 years of economic history, establishes that there is no country that has been able to transition from “poor to prosperous” without a high savings rate. And that households…
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Have you ever wanted to make a $150,000 gamble? If you’re right, you open a new window to the universe. But if you’re wrong, you’ve just wasted a lot of money and time. That is…
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By Darya Korsunskaya (Reuters) – Russia’s economy ministry has revised up its 2024 forecasts for export sales of oil and gas, key sources of budget revenues, by $17.4 billion from the previous estimate to $239.7…
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For the past 11 years the South African government has pursued a policy of austerity. In recent years, government has reduced per capita spending (adjusted for inflation) by significant amounts. Spending on public services, for…
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Data collected by the European Central Bank (ECB) is pointing towards a September rate cut, board member Piero Cipollone told Le Monde on September 4. Although he did not commit to a monetary policy path,…
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By Nicole Jao and Colleen Howe (Reuters) -Oil prices ticked up in Asian trading on Friday, with investors exercising caution ahead of key U.S. employment data as they weighed a big withdrawal from inventories and…
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CC BY-ND The official U.S. food insecurity rate rose to 13.5% in 2023 from 12.8% in 2022, according to data the U.S. Department of Agriculture released on Sept. 4, 2024. That means more than 1…
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