Joint venture | The Curious Economist

VW Boosts Rivian Joint Venture with an extra $5.8 Billion

November 13, 2024 TheCuriousEconomist Comments Off

Volkswagen Group is betting big on its electric future with Rivian. The automaker has raised its investment in the joint venture from an initial $5 billion to $5.8 billion, planning to launch the first VW […]

Balance of Payments

Kenya and the US look set to sign a free-trade deal despite Trump’s attacks on global trade

February 7, 2020 Comments Off

Under President Trump, the US stance towards global trade has become increasingly protectionist, with billions of dollars of tariffs placed on goods from countries all over the world, engagement in a devastating trade war with […]

Aggregate Demand and Supply

UK government to step in and pay people’s wages

March 21, 2020 Comments Off

In yet another unbelievable day of economic policy in action, the chancellor of the exchequer, Rishi Sunak, announced yesterday the latest measures to protect people’s income, keep businesses alive, and encourage spending in the economy. […]

Consumer and Business Behaviour

VAT to be tripled in Saudi Arabia to 15%

May 11, 2020 Comments Off

Saudi Arabia, the second largest oil producing nation in the world, has for the last few years been trying desperately to diversify its economy and reduce their dependence on the export of oil. Despite being […]

Economic News

China makes pledge to be ‘carbon neutral’ by 2060

October 20, 2020 Comments Off

In what some commentators are calling a bold and audacious pledge, President Xi announced to the UN that China will be carbon neutral by the year 2060. That gives the world’s second largest economy, and […]

Aggregate Demand and Supply

Dark days for the UK economy…

September 29, 2022 Comments Off

The UK economy has been plunged into economic turmoil since the announcement of the mini-budget last week. Since the new chancellor, Kwasi Kwarteng, announced the largest tax cuts in 50 years the economy seems to […]

Curious?

Could the coronavirus lead to a widespread adoption of universal basic income?

April 16, 2020 Comments Off

The economic impact of the coronavirus is unprecedented and far-reaching. People all over the world have been affected in some way, and it is likely that our lives will never be the same again. One […]

Economic News

U.K. Government Seizes Control of British Steel Plant

April 15, 2025 Comments Off

It’s a dramatic move—but one the U.K. government believes is essential for national economic security. In an extraordinary step, the government has taken control of British Steel’s Scunthorpe plant under emergency legislation to prevent its […]

Curious?

Global Wealth Tax: A Potential $2 Trillion Boost for Climate Action

August 20, 2024 Comments Off

Governments worldwide could raise over $2 trillion by adopting Spain’s wealth tax model, according to the Tax Justice Network. This additional revenue could play a crucial role in funding climate transition initiatives. The concept of […]

Economic News

Luxembourg Cuts Upfront Costs to Encourage Solar Energy and Sustainability

January 19, 2026 Comments Off

Luxembourg has introduced a new solar subsidy scheme designed to accelerate the transition to renewable energy by reducing the upfront costs faced by households. Under the new pre-financing system, which came into force on January […]

Economic News

BP’s Brazil Oil Find Tests the Trade-Offs Between Growth and Sustainability

August 13, 2025 Comments Off

BP has announced its largest oil and gas discovery in a quarter of a century, this time in deep waters off Brazil. The “Bumerangue” field could become a major new production hub and marks BP’s […]

Economic News

Nigeria’s economy on a rapid rise but so are prices

May 13, 2025 Comments Off

Nigeria’s economy grew 4.6% year-on-year in Q4 2024, marking its fastest expansion in a decade. According to the World Bank, the full-year growth rate reached 3.6% and is expected to continue in 2025. This is […]

Economic News

Luxembourg Cuts Upfront Costs to Encourage Solar Energy and Sustainability

January 19, 2026 Comments Off

Economic News

Freeze the Rent: Zohran Mamdani’s Bold Bet on Price Controls — An Economist’s Dream or Nightmare?

November 11, 2025 Comments Off

New York City has a new mayor, and his signature promise fits on a protest sign: Freeze the Rent. Zohran Mamdani, a democratic socialist and former state assembly member from Queens, swept into office by […]

Economic News

Philippines Introduces Rice Import Quota to Balance Farmer Protection and Food Security

November 10, 2025 Comments Off

The Philippines has announced that it will reopen rice imports in January 2026, allowing 300,000 tonnes of rice to enter the country after several months of import restrictions. The move comes as local rice stocks […]