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Oil falls on growth concerns, Shanghai lockdown By Reuters

Oil falls on growth concerns, Shanghai lockdown By Reuters

© Reuters. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. Picture taken August 22, 2019. REUTERS/Stringer By Arathy Somasekhar HOUSTON (Reuters) -Oil slipped on…

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Sri Lanka’s economic crisis is a chance to reinvent international bailouts so that citizens don’t take most of the pain

Sri Lanka’s economic crisis is a chance to reinvent international bailouts so that citizens don’t take most of the pain

Sri Lanka recorded the first casualties from its spiralling economic crisis several days ago, with one protester dead and 24 more injured. This was from police firing gunshots into a crowd who were demanding the…

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IMF researchers highlight high cost of unnecessary fiscal consolidation

IMF researchers highlight high cost of unnecessary fiscal consolidation

Researchers at the IMF have called for governments to adopt a more nuanced approach to tackling large stocks of public debt, warning of the dangers of “knee-jerk” fiscal consolidation in a staff discussion note published…

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Global energy crisis, Russia invasion eclipse Biden climate goals By Reuters

Global energy crisis, Russia invasion eclipse Biden climate goals By Reuters

© Reuters. U.S. President Joe Biden announces an additional $800 million security assistance package for Ukraine as he delivers an update on U.S. efforts related to Russia’s invasion, during a speech in the Roosevelt Room…

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Hiring friends and family might actually be good for business – new research

Hiring friends and family might actually be good for business – new research

Mark Zuckerberg, the CEO of Meta/Facebook, recently remarked in a podcast interview that when it came to hiring new staff, his preference was people whose “values aligned in the things that you care about”. This,…

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Why an edit button for Twitter is not as simple as it seems

Why an edit button for Twitter is not as simple as it seems

Most people who use Twitter have had the experience: you fire off a quick tweet, realise it contains a typo, then get annoyed you can’t click “edit” to fix it. Twitter users have been clamouring…

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Exxon Mobil may completely withdraw from Russia by June 24

Exxon Mobil may completely withdraw from Russia by June 24

© Reuters. FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes/File Photo LONDON (Reuters)…

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Can you truly own anything in the metaverse? A law professor explains how blockchains and NFTs don’t protect virtual property

Can you truly own anything in the metaverse? A law professor explains how blockchains and NFTs don’t protect virtual property

In 2021, an investment firm bought 2,000 acres of real estate for about US$4 million. Normally this would not make headlines, but in this case the land was virtual. It existed only in a metaverse…

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Brazilian governor signals central bank close to halting rate hikes

Brazilian governor signals central bank close to halting rate hikes

The Central Bank of Brazil governor, Roberto Campos Neto, signalled over the weekend interest rates at 12.75% should be enough to bring inflation down to the target. The key Selic rate currently stands at 11.75%.…

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the US has sworn off tests, and Australia should follow suit

the US has sworn off tests, and Australia should follow suit

When United States Vice-President Kamala Harris was at the Vandenberg Space Force Base in California earlier this week she said the US would not conduct tests of destructive, direct ascent anti-satellite missiles. This is the…

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