In a significant policy shift, the Bank of Japan (BOJ) has ended its eight-year experiment with negative interest rates, initiating its first rate hike in 17 years. This move adjusts the short-term policy rate from […]
Uber has reached a monumental $271.8 million settlement with Australian taxi and hire car drivers, operators, and license holders. This compensation is for the economic losses they suffered following Uber’s entrance into the Australian market, […]
The European Environment Agency (EEA) has issued a stark warning in its latest 32-page report: Europe is alarmingly unprepared for the escalating threats posed by climate change. As the continent facing the fastest warming rates globally, […]
In a financial milestone, dividends paid out to shareholders worldwide soared to a record $1.66 trillion in 2023, reports British asset manager Janus Henderson. This remarkable growth, up 5% from the previous year, underscores the […]
The UK government is set to introduce a ban on foreign government ownership of British newspapers and news magazines. This decision follows the contentious proposed acquisition of the Daily Telegraph and the Spectator by RedBird […]
In a decisive move to spur economic growth, UK Chancellor Jeremy Hunt has presented a budget focused on long-term prosperity and reducing the electoral deficit faced by the Conservative government. The centerpiece of Hunt’s announcement […]
The rapid expansion of artificial intelligence (AI) has brought its environmental footprint into sharp focus. Data centers, the powerhouses behind AI’s capabilities, are consuming natural resources at an alarming rate. Estimates show that by 2026, […]
Japan faces a notable challenge in closing its gender gap, ranking 73rd out of 190 economies, according to the World Bank’s Women, Business and the Law 2024 report. This report, released just before International Women’s […]
Australian supermarkets are facing a notable shortage of soft drinks, leaving shelves surprisingly empty. The root of the issue? A significant shortage of carbon dioxide (CO2) on the east coast! This shortage stems from local […]
India’s economy surged impressively at the end of 2023, marking a significant growth spurt with an 8.4% increase in GDP in the last quarter compared to the same period the previous year. This growth outpaced […]
Volkswagen has partnered with Xpeng, a renowned Chinese electric car manufacturer, in a strategic move to reclaim its foothold in the rapidly growing electric vehicle (EV) market in China. This collaboration aims to develop two […]
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