News in Economics

Sort by ratingciting

These are the top 10 emerging technologies of 2019

Which of today’s technologies will shape tomorrow’s world? A new report compiled by the World Economic Forum reveals some of the breakthrough innovations that are expected to radically impact the global social and economic order. “From income inequality to climate change, technology will play a critical role in finding solutions to all the challenges our world faces today,” says Jeremy Jurgens, Chief Technology Officer at the World Economic ... Full story

Despite the racial wealth gap, black philanthropy is strong

The well-documented and persistent racial wealth gap is itself great cause for concern. But it also leads to concern about the implications for broad participation in charitable giving—that is, whether people across income categories, professions, racial or ethnic identities, and age groups can meaningfully contribute their income and wealth to support social causes. Taking a look at the latest available data on wealth and charitable giving, it ... Full story

Amazon Rainforest Fires | The Church of England

Responding to the fires in the Amazon rainforest, the Church of England's lead bishop for Environmental Affairs, the Bishop of Salisbury, Nick Holtam, said:. "There is a climate emergency which does not know international boundaries. The Amazon is a global resource as well as a national one. "In the last 36 hours I have been asked to sign a variety of climate related petitions and letters. People are concerned. So our politicians should be ... Full story

Trump Sanctions Leave Russian Exporters $1B Richer

(Bloomberg) -- U.S. President Donald Trump’s sanctions against Iran and Venezuela have inadvertently increased demand for a Russian brand of crude oil, boosting revenues for the nation’s exporters. Russian oil companies received at least $905 million in additional revenues between November and July, data compiled by Bloomberg show. The calculation is based on difference between the Urals spread to the Brent benchmark over the period compared to ... Full story

Average solicitor earns almost £10,000 less than a train driver

£43,725 versus £53,403. New stats have shown solicitors earn, on average, 18% less than a train or tram driver. Those plying their trade in the practice of law earn an average salary of £43,725 each year — that’s almost £10,000 less than drivers’ £53,403 annual median wage. The average Brit earns £29,558 each year, according to the survey of 270 job types . ‘Legal professionals’ ranked fifth in the salary stakes, however. Members of the legal ... Full story

Germany to close all 84 of its coal-fired power plants, will rely primarily on renewable energy

Germany, one of the world’s biggest consumers of coal, will shut down all 84 of its coal-fired power plants over the next 19 years to meet its international commitments in the fight against climate change, a government commission said Saturday. The announcement marked a significant shift for Europe’s largest country — a nation that had long been a leader on cutting CO2 emissions before turning into a laggard in recent years and badly missing ... Full story