There is a lively debate around the long-run performance of Italy since the Middle Ages. This column introduces new estimates of Italy’s GDP per capita from 1300 to 1861. The estimates are constructed using the demand-side approach and are based on nearly 95,000 price/wage observations from almost 200 locations. The estimates provide new insights on […]
The United Nations’ top court next week begins hearings on the legal obligation of countries to fight climate change and the consequences for states of contributing to global warming, the outcome of which could influence litigation worldwide. While the advisory opinions of the International Court of Justice’s (ICJ) are non-binding, they are legally and politically […]
The chairman of talks aiming for an international treaty to rein in pollution from plastics issued a document on Friday outlining measures that could furnish the basis of a pact, in an attempt to spur discussions as a Dec. 1 deadline approaches. However, some delegates and civil society organisations underscored what they viewed as shortcomings […]
Online sales in the U.S. were up about 4% for the first half of the Thanksgiving holiday, compared to a 2% rise last year, Salesforce data showed on Thursday, a fresh sign that shoppers are lapping up steep discounts from retailers. U.S. retailers have been rolling out bolder discounts early and bulking up their holiday […]
Canada’s Competition Bureau is suing Alphabet’s Google over alleged anti-competitive conduct in online advertising, the antitrust watchdog said on Thursday. The Competition Bureau, in a statement, said it had filed an application with the Competition Tribunal seeking an order that, among other things, requires Google to sell two of its ad tech tools. It is also […]
Oil fell on Friday, heading for a weekly drop of more than 3%, pressured by easing concerns over supply risks from the Israel-Hezbollah conflict and the prospect of more ample supplies in 2025 even as OPEC+ is expected to extend output cuts. Israel and Hezbollah traded accusations on Thursday over alleged violations of the ceasefire […]
– India’s economy slowed much more than expected in July-September, expanding by only 5.4% year-on-year as growth in manufacturing and consumption decelerated, data showed on Friday. It was the slowest growth in gross domestic product in seven quarters and well below a 6.5% expansion projected by a Reuters poll and the central bank’s estimate of 7%. […]
HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world’s second-largest economy, sources with knowledge of the matter said. The Asia-focused bank has stopped issuing new cards and is working towards winding down the service […]
The global Earth Observation (EO) market is on track to exceed $8 billion in valuation by 2033 from $5 billion currently, according to a new report from Novaspace, the merger of Euroconsult and SpaceTec Partners. The rapid growth is largely attributed to the surge in large-scale defense contracts and increasing availability of high-resolution imaging and […]
Rapid population ageing is increasing the pressure on public finances to provide adequate support for long-term care recipients. This column compares the impact of diverse social protection measures across 32 OECD and EU countries on poverty rates and out-of-pocket expenses among older adults with care needs. The analysis reveals substantial room for improvement and reforms, […]
