Dubai’s Emirates airline on Thursday reported a record full-year profit, boosted by strong international travel demand on major routes. The results underscore a sustained rebound in global air travel, with Emirates benefiting from a surge in demand across Asia, Europe and the Middle East. The airline, among the world’s largest by international capacity, has added […]
Oil prices pared gains on Wednesday but rose for a second session, finding support from positive investor sentiment over U.S.-China trade talks to be held this weekend and signs of lower U.S. shale output. Brent crude futures climbed 34 cents a barrel, or around 0.6%, to $62.49 a barrel by 1220 GMT, while U.S. West […]
Gold climbed on Thursday after the Federal Reserve warned of rising inflation and labor market risks fuelling economic uncertainty, while investors awaited the outcome of the U.S.-China trade talks this weekend. Spot gold rose 1.4% to $3,409.76 an ounce, as of 0223 GMT. U.S. gold futures firmed 0.7% to $3,416.70. “I think it’s mostly a […]
As economies develop, it is often assumed that agriculture becomes less relevant—a small slice of GDP and a shrinking share of employment. But evidence from Europe and Central Asia tells a different story. Across countries stretching from Portugal to Uzbekistan, agriculture and the broader agrifood sector remain essential pillars of economic development, employment, trade, and […]
The world is facing a longstanding global learning and skills crisis. Over half of 10-year-olds in low- and middle-income countries cannot read and understand an age-appropriate text, and 87 percent of them are in Sub-Saharan Africa. In 2024, 251 million children and young people were out of school, and as of 2023, 468 million lived in a conflict zone […]
A thriving economy is built on talent. Across Africa, the job market faces a growing shortage of highly skilled professionals in critical fields such as engineering, health, agriculture, digital technologies, and others. A decade ago, a survey by the Africa Investors Council revealed that major companies struggled to recruit qualified talent in these areas, while […]
Over half of the world’s critical mineral reserves are located on or near Indigenous lands. As demand for critical minerals is set to surge 500 percent by 2050—and demand for land continues to grow—the need to secure Indigenous Peoples’ land tenure has never been more urgent. Clear and enforceable land rights are essential to regulating mining transparently and […]
As economies develop, it is often assumed that agriculture becomes less relevant a small slice of GDP and a shrinking share of employment. But evidence from Europe and Central Asia tells a different story. Across countries stretching from Portugal to Uzbekistan, agriculture and the broader agrifood sector remain essential pillars of economic development, employment, trade, […]
As governments around the world combatted COVID-19, the US witnessed unprecedented levels of funding transfers from the federal government to state and local municipalities. This column examines how the influx of federal aid affected the population’s health. Leveraging the fact that states with excess representation in Congress received more assistance than underrepresented states, the authors […]
Cantor Fitzgerald is launching a crypto venture with Tether and Japanese technology investor SoftBank Group to buy bitcoin, wagering that interest in the digital currency will expand under U.S. President Donald Trump. The deal, announced on Wednesday, has blank-check vehicle Cantor Equity Partners merging into newly formed Twenty One Capital. The Technology Roundup newsletter brings the latest […]
