economic

Frequency of even reports. Credit: Economics Letters (2023). DOI: 10.1016/j.econlet.2023.111496 Psychology and Economics come together in a recent line of research, led by Ismael Rodríguez-Lara, Professor at the University of Malaga, who studies how lies affect economic decisions. It is a study, developed together with the Professor at the University of…

Credit: The Conversation More of us have been in paid work this past year than ever before. A big part of that is because more of us have been able to work from home than ever before. The proportion of Australians in paid work climbed above 64% in May last year, and has stayed there since. At the same time, unemployment has hovered around a…

The Bank of Korea has once more decided to keep its policy rate at 3.5%, which is the ninth consecutive meeting of keeping it unchanged. This move, expected by most economists, shows the ongoing worries of the bank in regard to inflation pressures and household debt. Even though the policy rate has remained stable since January 2023, the Bank of Korea is in a tight spot as it efforts to steer through the recovery from the economic conditions and inflationary challenges. Andy Vermaut shares:Bank of Korea…

Credit: CC0 Public Domain South Africa relies heavily on energy from coal-fired power stations, which emit large quantities of carbon. But making the transition to greater use of renewable energies, such as solar, is being hampered by a number of factors. Chief among them is corruption, which is affecting the quality of institutions. In a recent paper…

The presidential candidate of the Peoples Democratic Party (PDP) in the 2023 general elections, Atiku Abubakar, on Sunday, said he would have encouraged the Central Bank of Nigeria (CBN) to adopt “a gradualist approach to FX management”. In an X post on Sunday, Atiku made grand recommendations for turning the economy around, while referencing a Thursday meeting with President Bola Tinubu. He explained that the move would have been a panacea to curbing the free fall in the value of the naira against the dollar if…

Abubakar Suleiman, the managing director/chief executive officer of Sterling Bank, on Sunday, shared advice on how to thrive amidst Nigeria’s economic hardship and cost of living challenges. President Bola Tinubu on 29 May 2023 announced the removal of the petrol subsidy, a policy decision with adverse effects on the cost of living and general economic well-being of the populace. The situation was compounded by the Central Bank of Nigeria‘s move to consolidate the foreign exchange market, leading to massive…

Google India head Sanjay Gupta sees AI as India's economic 'FASTag' for growth and accessibility; India a key player in responsible AI revolution, emphasises need for swift advancement, says IBM's Sandip Patel; AI avatars could replace employees in meetings, says Otter CEO; Rise of deepfake advertising raises concerns over celebrity endorsement scams- this and more in our daily roundup. Let us take a look. 1. Google India head Sanjay Gupta: AI as India's economic 'FASTag' for growth and accessibilityGoogle India head…

WASHINGTON — A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to feel better about the economy after several years of gloom. The University of Michigan’s consumer sentiment index, released Friday, ticked up to 79.6 in February, from 79 in January. The small gain followed two months of sharp increases that were the largest in more than 30 years. How Americans feel could impact the presidential race this year, which will likely focus…

Google has launched a number of new search experiences today to in “preparations for the Digital Markets Act (DMA)” the search company said. This includes new rich results, aggregator units, and refinement chips, plus new flight search results. “With these new experiences, users in EEA countries searching for queries such as “hotels near me” may notice more visual and entity focused results. These experiences aim to (1) present users with rich and relevant information for their searches and (2) improve the visibility…

A new report by the Food System Economics Commission highlights that transforming global food systems could yield socio-economic benefits of 5 to 10 trillion USD annually, surpassing the costs of such changes. It emphasizes the urgent need for policy overhaul in food systems, which currently cause more harm than good, and can potentially save millions of lives and mitigate climate impacts.A new global policy report from the Food System Economics Commission (FSEC), authored by leading economists and scientists, reveals…