1. Home
  2. Business

Category: Business

If the US defaults on debt, expect the dollar to fall – and with it, Americans’ standard of living

If the US defaults on debt, expect the dollar to fall – and with it, Americans’ standard of living

Congress has seemingly kicked the debt ceiling deadline down the road – but the threat of a future default still exists. On Oct. 7, 2021, lawmakers in the Senate agreed to extend the government’s ability…

Read More
Computer Space launched the video game industry 50 years ago – here’s the real reason you probably haven’t heard of it

Computer Space launched the video game industry 50 years ago – here’s the real reason you probably haven’t heard of it

Before Pong there was Computer Space, the first commercial video game. The progenitor of today’s US$175 billion industry debuted on Oct. 15, 1971, at the Music Operators of America trade show in Chicago. Housed in…

Read More
FSB Chair updates the G20 on enhancing resilience in non-bank financial intermediation and addressing challenges in cross-border payments

FSB Chair updates the G20 on enhancing resilience in non-bank financial intermediation and addressing challenges in cross-border payments

Press enquiries: +41 61 280 8477[email protected] Ref: 23/2021 The Financial Stability Board (FSB) today published a letter from the FSB Chair, Randal K. Quarles, to G20 Finance Ministers and Central Bank Governors ahead of…

Read More
Crude jumps on global energy crunch; U.S. oil at 7-year high By Reuters

Crude jumps on global energy crunch; U.S. oil at 7-year high By Reuters

© Reuters. FILE PHOTO: Pipelines run to Enbridge Inc.’s crude oil storage tanks at their tank farm in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford By Bozorgmehr Sharafedin LONDON (Reuters) -Oil prices rose 2% on…

Read More
Supply chains can easily break – here’s how they can be made more resilient to prevent shortages

Supply chains can easily break – here’s how they can be made more resilient to prevent shortages

Supply chains are essential to everyday life, bringing materials to factories, food to your plate, and fuel to your car. The links in those chains – the manufacturers, logistics companies, warehouses and retailers – combine…

Read More
Artificial intelligence is now part of our everyday lives – and its growing power is a double-edged sword

Artificial intelligence is now part of our everyday lives – and its growing power is a double-edged sword

A major new report on the state of artificial intelligence (AI) has just been released. Think of it as the AI equivalent of an Intergovernmental Panel on Climate Change report, in that it identifies where…

Read More
Laos central bank to partner with Soramitsu on CBDC study

Laos central bank to partner with Soramitsu on CBDC study

The Bank of the Lao PDR is partnering with Japanese blockchain provider Soramitsu to explore the potential of a central bank digital currency (CBDC). The study is set to begin as early as this month,…

Read More
Oil rises 4% in week as energy crunch shows no signs of easing By Reuters

Oil rises 4% in week as energy crunch shows no signs of easing By Reuters

© Reuters. FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo By Jessica Resnick-Ault NEW YORK (Reuters) -Oil rose on…

Read More
China’s energy crisis shows just how hard it will be to reach net zero

China’s energy crisis shows just how hard it will be to reach net zero

As the world prepares to discuss more aggressive cuts to carbon emissions at the UN’s COP26 climate conference in Glasgow, China has just sent out the worst possible advance signal. It is going to loosen…

Read More
None of the 2021 science Nobel laureates are women – here’s why men still dominate STEM award winning

None of the 2021 science Nobel laureates are women – here’s why men still dominate STEM award winning

All of the 2021 Nobel Prizes in science were awarded to men. That’s a return to business as usual after a couple of good years for female laureates. In 2020, Emmanuelle Charpentier and Jennifer Doudna…

Read More