prosperity

Pandemic-driven remote work adoption has led to increased housing costs, decreased demand for office space, and widened income inequality due to productivity gains among home-based workers.Remote work advancements have reshaped the American workforce, boosting productivity and income for high-skill workers while altering housing and office space markets.According to a new paper in the Review of Economic Studies, published by Oxford University Press, the widespread adoption of work-from-home technology has had dramatic…

A cargo ship crosses the Suez Canal, one of the most critical human-made waterways, in Ismailia, Egypt on December 29, 2023. (Photo by Fareed Kotb/Anadolu via Getty Images)Anadolu | Getty ImagesThe threat to global trade in the Red Sea remains high, even with efforts to protect commercial vessels from attacks by Iranian-backed Houthi militants based in Yemen.Danish shipping giant Maersk's decision on Tuesday to pause Red Sea and Gulf of Aden transits until further notice underscores the difficulty for the U.S.-led…

In this article, information about blockchain promises economic and business prosperity is mentioned An increasing number of economic and business prosperity in India are incorporating blockchain technology into their operations to enhance efficiencies and address a wide range of business challenges as blockchain technology gains popularity as a means for businesses to achieve rapid growth and gain a competitive advantage. According to a study conducted by Market Watch, 56% of the country’s business prosperity is inclined…

Power struggle When Anton Korinek, an economist at the University of Virginia and a fellow at the Brookings Institution, got access to the new generation of large language models such as ChatGPT, he did what a lot of us did: he began playing around with them to see how they might help his work. He carefully documented their performance in a paper in February, noting how well they handled 25 “use cases,” from brainstorming and editing text (very useful) to coding (pretty good with some help) to doing math (not great).…

eVTOL developer AutoFlight has shared its latest milestone en route to seeking certification for its four passenger air taxi by 2025. Today, the company shared that the Gen4 design of its “Prosperity I” aircraft has successfully completed the world’s longest eVTOL flight. AutoFlight is an R&D specialist focused on autonomous flight and eVTOL (electric vertical take-off and landing) technology based in Shanghai. The company evolved from a consumer drone company called Yuneec, both of which…

The Ghana summit is aimed at achieving deeper economic integration between African states and outlining its industrialisation priorities. As fast changing geopolitical realities and health crises such as the Covid-19 pandemic have brought to light Africa's over-reliance on global supply chains, the Ghana Summit sharpens…

Credit: Pixabay/CC0 Public Domain Even though it is over 2,000 years since the ancient Roman road networks were established, there are clear connections between the routes of the roads and modern-day prosperity. In a study in economics, the researchers investigate the importance of the Roman road network in maintaining or losing wealth through the centuries. …

The founder of Stanbic IBTC, Atedo Peterside, has said that corrupt practices perpetrated by some highly connected Nigerians are the underlying causes of poverty in Nigeria. The renowned investment banker and economist said this on Monday at a plenary session of the Nigerian Economic Summit held in Abuja. Mr Peterside identified oil theft and other fraudulent activities surrounding fuel subsidy and foreign exchange as the three points of “rigged prosperity” where the well-connected impoverish many Nigerians as a…

Chinese President Xi Jinping has a vision to distribute wealth more equally across the country. Investors are sobering up to what that could mean for the companies that make the nation’s beloved fiery booze.Mr. Xi recently doubled down on his plans for “common prosperity” during China’s weeklong Communist Party congress in October. Investors are worried that this could portend an industry crackdown, or simply be bad for the future sales of luxury baijiu distillers and companies that sell…

Credit: Unsplash/CC0 Public Domain Increased investment in the creative industries and improved levels of business support could be the key to helping coastal and rural communities reduce their reliance upon tourism for economic prosperity. …