Government intervention

Google and Apple Fined Billions for Abusing Monopoly Power

Google and Apple, two of the world’s largest tech companies, have faced heavy fines for abusing their market dominance, highlighting…

2 months ago

Thailand’s Wage Hike: A Double-Edged Sword?

The government in Thailand plans to raise the daily minimum wage by 14%, reaching 400 baht ($10.88) by October 1.…

6 months ago

Paris Triples Parking Charges for SUVs in a Push for Greener Streets

In a landmark decision, Parisians have recently voted in favor of tripling parking charges for SUVs, a move aimed at…

10 months ago

UK Government to ban disposable vapes

In a significant move to address the increasing prevalence of vaping among young people, the UK government has announced plans…

10 months ago

New Zealand’s U-Turn on Groundbreaking Smoking Ban

In a significant policy reversal, New Zealand's government plans to scrap the "generational smoking ban," a groundbreaking law aimed at…

12 months ago

U.S. Treasury to Borrow $776 Billion in Q4

The U.S. Treasury Department is set to borrow a hefty $776 billion in the final quarter of 2023, a figure…

1 year ago

Inflation Unveiled: Making Cents of Our Changing Economy

Definition of Inflation and Deflation Inflation often conjures images of rising prices, crowded shopping malls, and the palpable anxiety of…

1 year ago

Apple’s China Wobble: When Politics Meets Tech!

Apple has hit a snag in China with recent reports suggesting that Chinese government workers have been instructed to stay…

1 year ago

Pouring Money Down the Drain: The €200M Plan to Save Wine!

Time to uncork a bottle of economic intrigue: the French government and the European Union are shelling out a whopping…

1 year ago

China’s Central Bank Cuts Reserve Ratio to Boost Economic Recovery

In a move to bolster its economic recovery, China's central bank, the People's Bank of China (PBOC), announced on Friday…

1 year ago

Meta to Sell Giphy to Shutterstock in $262 million loss!

In a surprising turn of events, Meta Platforms has sold Giphy, a popular platform for animated images, to Shutterstock, an…

1 year ago

The UK Economy is sick: The Economic Impact of Rising Illness Rates

The UK's economy is ailing, and this isn't just a figure of speech. More Britons than ever are out of…

2 years ago

Germany’s Controversial Proposal to Subsidise Electricity for Industry

Germany's economy ministry has proposed to cover 80% of electricity costs for energy-intensive companies until 2030, aiming to support industries…

2 years ago

South Africa’s Vape Tax: A Cloudy Future for the Booming Industry

In June 2023, South Africa will impose a flat excise duty of R2.90/ml on nicotine substitutes, including vaping products. This…

2 years ago

UK Blocks Microsoft’s Gaming Power Play

In a surprising move, the UK's Competition and Markets Authority (CMA) has halted Microsoft's $68.7 billion acquisition of video game…

2 years ago

Swap to Stop: A Bold New Plan to Snuff Out Cigarettes

In a world-first initiative, one million smokers in England will be encouraged to trade cigarettes for vapes in the innovative…

2 years ago

Juul Coughs Up $462M to Settle State Cases Over Teen Vaping Epidemic

Juul Labs Inc, the e-cigarette giant, is coughing up $462 million to settle allegations by six US states, including New…

2 years ago

Greece launches €200m solar subsidy program to boost renewable energy adoption

Greece has launched a new subsidy program to encourage more households and farmers to install solar projects and small storage…

2 years ago

Utah’s Social Media Laws: Will They Protect or Harm Kids?

Utah has just passed some sweeping legislation aimed at protecting children and teens from the negative effects of social media.…

2 years ago

Is the internet a merit good?

In 2021, the Biden Administration announced the roll out of the Affordable Connectivity Program – low cost and high-speed internet…

2 years ago

Farmyard fart tax to combat climate change – a novel solution from the New Zealand government!

The government of New Zealand, a country notorious for having more sheep than people, has proposed a creative way to…

2 years ago

Monetary easing to free up $188 billion for Chinese banks

The People's Bank of China, China's central bank, announced this week that they would reduce the current reserve requirement ratio…

3 years ago

World’s major economies to release oil reserves to lower soaring oil prices

In an attempt to lower the price of oil the US is leading an international effort of other major economies…

3 years ago

US Congress passes $900 billion Covid-19 relief bill – so where’s all that cash going?

After months of intense negotiations, the American government looks finally set to inject billions of dollars into the US economy.…

4 years ago

Rishi to the rescue: UK chancellor announces the new job support scheme

The UK chancellor, Rishi Sunak, has just announced the government’s latest scheme to save people’s jobs from the ongoing Coronavirus…

4 years ago

Young people are the worst affected as unemployment creeps up in the UK

The unemployment rate in the UK has risen to its highest level in two years, with an official figure of…

4 years ago

South Korea’s economy is outperforming all other OECD members. Here’s why.

According to the latest research on the economic impact of Covid-19, the OECD has announced that the South Korean economy…

4 years ago

Unemployment claims in the US crept above 1 million again through mid-August

According to data released by the US Labour Department, new unemployment claims for the week ending August 15th stood at…

4 years ago

American airline employees are facing the tough decision of cutting their losses or gambling for hope of a brighter future

The aviation industry has been one of the hardest hit by Covid-19. With countries closing borders and people ordered to…

4 years ago

French government to provide 8 billion euros to help revive their car industry

The president of France, Emmanuel Macron, announced this week a fiscal stimulus of €8 billion to help the French car…

4 years ago

6.3 million people in the UK are being paid by the government – to stay at home!

In April, the UK government launched an unprecedented job retention scheme to combat the economic fallout of the coronavirus on employment. Under the…

5 years ago

Unemployment claims in the US have risen to 22 million

Since the US economy was essentially shutdown four weeks ago, the economic fallout has been tremendous and devastating. With businesses…

5 years ago

Singapore to inject another US$3.6 billion into the economy as coronavirus cases spike

The government of Singapore has announced an additional US$3.6 billion to support the economy as the city state sees coronavirus…

5 years ago

The cost of the coronavirus so far: $7 trillion and counting

Since the outbreak of Covid-19 in January this year, governments and central banks around the world have been spending trillions…

5 years ago

US senate announces a $2 trillion fiscal stimulus

In response to the economic fallout from the spread of Covid-19 in the US, the Senate has passed a bill…

5 years ago

Apple faces a record US$1.2 billion fine for fixing prices in France

In a huge show of strength against the so-called anti-competitive practices of US tech companies, the French competition watchdog has…

5 years ago