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Economic

Stop Putin protest EU

Selective Default – Implications for Russia

4 mins read

The FINANCIAL — London Business School’s Professor Richard Portes recently appeared on Times Radio to discuss the news that S&P Global has placed Russia under a “selective default” rating after the Russian government said that it had repaid about $650m in dollar-denominated debt in rubles.…

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The price of a pre-pandemic lifestyle

5 mins read

When all restrictions are lifted, simulation study predicts COVID-19 deaths will eventually rebound. As COVID numbers fall and mandates lift, the question remains: Is it possible to avoid trade-offs between returning to pre-pandemic lifestyles and an uptick in COVID-19-related deaths?To find an answer, investigators at Massachusetts General Hospital, Boston Medical Center, and Georgia Tech conducted a…

How economic sanctions are affecting Russia

2 mins read

The FINANCIAL — Russian citizens are already feeling the punishing effects of economic sanctions imposed by Western powers over the invasion of Ukraine, and the financial situation for most people is likely to deteriorate.…

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How you think about money affects what you do with it

5 mins read

Study suggests changing how you think about spending, saving can change financial behavior. You know you should set aside savings with every paycheck, live within your means and invest your money wisely. But do you do it? New research from the University of Georgia suggests that answering three questions could give people insight into their spending and…

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Opinion: Russian gas will fund Putin’s war on Ukraine no matter what decisions Europeans might take

5 mins read

Would Europe cutting off Russian oil and gas imports be enough to convince Putin to stop the war on Ukraine? According to Dr Chi Kong Chyong from the Energy Policy Research Group at Cambridge Judge Business School, the global nature of energy markets means that stopping the flow of Russian oil and gas into Europe…

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No panic in Furman’s reaction to inflation data, but plenty of uncertainty

8 mins read

Economic policy expert says Russian invasion will worsen things, but long-range expectations still near Fed goal for now according to University of Harvard. Inflation continued to soar in February, with a key measure hitting a 40-year high, according to federal data released Thursday. Driven by higher energy costs, gasoline in particular, the Consumer Price Index rose…

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Russia’s punishment is a global event

5 mins read

Expert expects dramatic ripple effects as sanctions, corporate measures take hold. The Russia-Ukraine conflict has led to an unprecedented experiment in unplugging one of the world’s biggest nations from the global economy, a development that will have broad consequences for the foreseeable future, an expert said Wednesday.…

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Through the metaverse, and what can be found there

11 mins read

The term “metaverse” has entered pop culture lexicon in recent years, largely due to Facebook, but the idea itself isn’t new. Since the late 1970s and early 1980s, many of those in the technology community have imagined a future state of the internet called the “metaverse.”…

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Bank of America Helping Employees at More Than 200 Companies Manage Everyday Financial Needs Through Corporate Employee Banking and Investing Program

4 mins read

The FINANCIAL — Bank of America announced that more than 200 of its corporate and commercial clients across the U.S., representing nearly 3 million employees, have adopted its Corporate Employee Banking and Investing program. Introduced in early 2020, this program was created to help large and mid-sized companies better support the everyday banking1, lending1 and…

Tracking inequality in real time — a powerful new tool from Berkeley economists

5 mins read

UC Berkeley economists have launched a powerful new web tool that allows users to track, almost in real time, how economic growth and public policy affect the distribution of income and wealth among classes in the United States.…

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Stress for couples on Universal Credit as living costs soar – new research

5 mins read

The FINANCIAL — Report reveals the tough choices faced by couples in receipt of Universal Credit. Fluctuations in income from month to month and low levels of out of work benefits are placing significant stress and strain on couples with joint claims for Universal Credit, according to researchers from the Universities of Bath and Oxford –…

Volume of retail trade up by 0.2% in euro area and by 0.3% in the EU

4 mins read

The FINANCIAL — In October 2021, the seasonally adjusted volume of retail trade increased by 0.2% in the euro area and by 0.3% in the EU, compared with September 2021, according to estimates from Eurostat, the statistical office of the European Union. In September 2021, the retail trade volume decreased by 0.4% in the euro…

Shoppers return to stores as optimism increases among vaccinated and flexible workers

6 mins read

The FINANCIAL– According to PwC, consumers are returning to in-store shopping in greater numbers, and out-of-home entertainment and travel are on the rise as three in five (61%) express optimism about the future, according to the latest PwC 2021 Global Consumer Insights Pulse Survey.…

How the Earth and moon formed, explained

23 mins read

The Earth formed over 4.6 billion years ago out of a mixture of dust and gas around the young sun. It grew larger thanks to countless collisions between dust particles, asteroids, and other growing planets, including one last giant impact that threw enough rock, gas, and dust into space to form the moon.…

Five things to know about rising house prices

6 mins read

As housing prices surge to new records with no end in sight, few economists believe that the current run-up is a bubble that’s about to burst.…

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