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Archive for the ‘economics’ category: Page 7

Aug 1, 2020

Big Tech’s Backlash Is Just Starting

Posted by in category: economics

Worries about America’s tech stars have swirled for years. It’s clear now that this isn’t going away. In world capitals, courtrooms and among the public, we are wrestling with what it means for tech giants to have enormous influence on our lives, elections, economy and minds.


The congressional antitrust hearing showed that concerns about the tech stars aren’t going away.

Jul 30, 2020

U.S. banks are ‘swimming in money’ as deposits increase

Posted by in categories: biotech/medical, economics, finance

It’s the banking world’s version of the rich getting richer.

A record $2 trillion surge in cash hit the deposit accounts of U.S. banks since the coronavirus first struck the U.S. in January, according to FDIC data.

The wall of money flowing into banks has no precedent in history: in April alone, deposits grew by $865 billion, more than the previous record for an entire year.

Continue reading “U.S. banks are ‘swimming in money’ as deposits increase” »

Jul 28, 2020

Fusion Energy Era: ITER Assembly Begins

Posted by in categories: economics, nuclear energy

Fusion: Future source of carbon-free, abundant, safe and economic energy; Leaders of EU, France, China, India, Japan, Korea, Russia & US make announcement together.

French President Emmanuel Macron and leaders from the European Union, China, India, Japan, Korea, Russia, and the United States declare the start of a new energy era today with the official start of the assembly of the world’s largest fusion device at ITER in Southern France.

The ITER machine, the world’s largest science project, is being assembled to replicate the fusion power of the Sun that provides light and warmth and enables life on Earth.

Jul 28, 2020

Alarm over discovery of hundreds of Chinese fishing vessels near Galápagos Islands

Posted by in categories: economics, evolution

Ecuador has sounded the alarm after its navy discovered a huge fishing fleet of mostly Chinese-flagged vessels some 200 miles from the Galápagos Islands, the archipelago which inspired Charles Darwin’s theory of evolution.

About 260 ships are currently in international waters just outside a 188-mile wide exclusive economic zone around the island, but their presence has already raised the prospect of serious damage to the delicate marine ecosystem, said a former environment minister, Yolanda Kakabadse.

“This fleet’s size and aggressiveness against marine species is a big threat to the balance of species in the Galápagos,” she told the Guardian.

Continue reading “Alarm over discovery of hundreds of Chinese fishing vessels near Galápagos Islands” »

Jul 26, 2020

The World’s Supply Chain Isn’t Ready for a Covid-19 Vaccine

Posted by in categories: biotech/medical, economics

The industries that shepherd goods around the world on ships, planes and trucks acknowledge they aren’t ready to handle the challenges of shipping an eventual Covid-19 vaccine from drugmakers to billions of people.

Already stretched thin by the pandemic, freight companies face problems ranging from shrinking capacity on container ships and cargo aircraft to a lack of visibility on when a vaccine will arrive. Shippers have struggled for years to reduce cumbersome paperwork and upgrade old technology that, unless addressed soon, will slow the relay race to transport fragile vials of medicine in unprecedented quantities.

Continue reading “The World’s Supply Chain Isn’t Ready for a Covid-19 Vaccine” »

Jul 25, 2020

UAE Mars mission: extraordinary feat shows how space exploration can benefit small nations

Posted by in categories: business, economics, space travel

The nation has also generated significant additional value in logistics by creating new manufacturing capacities and know-how. There are already multiple businesses outside the realm of the space industry that have benefited from knowledge transfer. These are all typical impacts of a space mission.

But while that is where most studies of the value of space missions stop looking for impact, for the UAE this would miss a huge part of the picture. Ultimately, its Mars mission has generated transformative value in building capacity for a fundamentally different future national economy – one with a much stronger role for science and innovation.

Through a broad portfolio of programmes and initiatives, in just a few years the Hope mission has boosted the number of students enrolling in science degrees and helped create new graduate science degree pathways. It has also opened up new sources of funding for research and made science an attractive career.

Continue reading “UAE Mars mission: extraordinary feat shows how space exploration can benefit small nations” »

Jul 24, 2020

Pivot to ‘green’: Russian gas & nuclear energy giants Gazprom and Rosatom to start producing ‘clean’ hydrogen

Posted by in categories: economics, government, nuclear energy

With much of the world planning to pivot away from oil and gas in the near future, the country’s government is looking ahead to a more diversified energy sector. The international ‘green’ trend is a significant threat to the Russian economy, which is at present largely dependent on the export of oil, gas, and coal. Starting from 2021, the government intends to build on the country’s reputation as a hydrogen supplier, aiming to make exports of the world’s most abundant gas a large part of its energy sector.

Jul 24, 2020

World population projected to reach 9.8 billion in 2050, and 11.2 billion in 2100

Posted by in categories: economics, sustainability

The current world population of 7.6 billion is expected to reach 8.6 billion in 2030, 9.8 billion in 2050 and 11.2 billion in 2100, according to a new United Nations report being launched today. With roughly 83 million people being added to the world’s population every year, the upward trend in population size is expected to continue, even assuming that fertility levels will continue to decline.

The World Population Prospects: The 2017 Revision, published by the UN Department of Economic and Social Affairs, provides a comprehensive review of global demographic trends and prospects for the future. The information is essential to guide policies aimed at achieving the new Sustainable Development Goals.

Jul 20, 2020

AstraZeneca slides even as the company’s coronavirus vaccine trial results show ‘promise’

Posted by in categories: biotech/medical, economics

AstraZeneca shares fell on Monday even after the publication of positive results from a trial of its experimental COVID-19 vaccine developed in partnership with Oxford University.

The study, published in The Lancet on Monday, said healthy volunteers who received the experimental vaccine, called AZD1222, showed immune responses.


Read more:A $47 billion fund manager shares 3 trades she’s making for huge upside as the economy recovers — including a play on the Tesla-led boom of electric vehicles

Continue reading “AstraZeneca slides even as the company’s coronavirus vaccine trial results show ‘promise’” »

Jul 19, 2020

Bank of Canada exploring digital currency that would replace cash, track how people spend money

Posted by in categories: cryptocurrencies, economics

The Bank of Canada is considering launching a digital currency that would help it combat the “direct threat” of cryptocurrencies and collect more information on how people spend their money, The Logic has learned.

An internal Bank of Canada presentation, prepared for Governor Stephen Poloz and the bank’s board of directors, offers the most detailed public insight yet into the bank’s thinking on a proprietary digital coin. According to the presentation, the currency would be widely available. It would initially coexist with coins and paper money, eventually replacing them completely.

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