1. Home
  2. Business

Category: Business

The Arab embargo 50 years ago weaponized oil to inflict economic trauma – sound familiar?

The Arab embargo 50 years ago weaponized oil to inflict economic trauma – sound familiar?

Fifty years ago, a secret deal among Arab governments triggered one of the most traumatic economic crises to afflict the United States and other big oil importers. Saudi King Faisal and other Arab leaders launched…

Read More
Burundian president replaces governor again

Burundian president replaces governor again

Burundi’s president appointed Édouard Normand Bigendako as governor of the central bank on October 8, media reported. Evariste Ndayishimiye’s widely circulated decree did not specify why he was replacing Dieudonné Murengerantwari, the incumbent governor, who had…

Read More
Oil little changed as Middle East supply concerns fade By Reuters

Oil little changed as Middle East supply concerns fade By Reuters

© Reuters. FILE PHOTO: Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian/File Photo By Laura Sanicola (Reuters) – Oil…

Read More
America’s farmers are getting older, and young people aren’t rushing to join them

America’s farmers are getting older, and young people aren’t rushing to join them

CC BY-ND On Oct. 12, National Farmers’ Day, Americans honor the hardworking people who keep the world fed and clothed. But the farming labor force has a problem: It’s aging rapidly. The average American farmer…

Read More
Mauritius sea sponge produces chemicals that can kill liver cancer cells – findings are a positive first step

Mauritius sea sponge produces chemicals that can kill liver cancer cells – findings are a positive first step

For thousands of years, medicines have been developed from natural sources – mostly from plants. In recent decades, though, drug hunters have been looking at the immense diversity of marine organisms as potential sources of…

Read More
Oil prices edge lower; Iranian supply, IMF growth downgrade eyed By Investing.com

Oil prices edge lower; Iranian supply, IMF growth downgrade eyed By Investing.com

© Reuters. Investing.com — Oil prices edged lower Tuesday, handing back some of the previous session’s hefty gains as traders digest the possibility of a wider impact from the conflict between Israel and the Palestinian…

Read More
Exxon, Apple and other corporate giants will have to disclose all their emissions under California’s new climate laws – that will have a global impact

Exxon, Apple and other corporate giants will have to disclose all their emissions under California’s new climate laws – that will have a global impact

Many of the world’s largest public and private companies will soon be required to track and report almost all of their greenhouse gas emissions if they do business in California – including emissions from their…

Read More
FSB review of 2023 bank failures assesses implications for the operation of the international resolution framework

FSB review of 2023 bank failures assesses implications for the operation of the international resolution framework

Press enquiries: +41 61 280 8477press@fsb.org Ref: 31/2023 Review upholds the appropriateness and feasibility of the international resolution framework for global systemically important banks (G-SIBs). Credit Suisse failure highlights some…

Read More
How a disgruntled scientist looking to prove his food wasn’t fresh discovered radioactive tracers and won a Nobel Prize 80 years ago

How a disgruntled scientist looking to prove his food wasn’t fresh discovered radioactive tracers and won a Nobel Prize 80 years ago

Each October, the Nobel Prizes celebrate a handful of groundbreaking scientific achievements. And while many of the awarded discoveries revolutionize the field of science, some originate in unconventional places. For George de Hevesy, the 1943…

Read More
Russia starts digital ruble trials

Russia starts digital ruble trials

The Bank of Russia said it is launching its central bank digital currency pilot today (August 15), after digital ruble legislation passed by the State Duma came into effect on August 1. Thirteen banks are…

Read More