High youth joblessness and soaring prices, among other problems, fueled the mass student-led demonstrations that ousted Sheikh Hasina’s government. Bangladesh was thrust into the global spotlight this week after large-scale, violent unrest forced the country’s long-time premier, Sheikh...
Online retail giant Amazon is planning to cut 10,000 jobs, which is 3% of its global workforce, as it grapples with the uncertain economy taking over globally, the New York Times (NYT) and Wall Street...
Tesla chief Elon Musk sent an email to executives announcing staff cuts and a worldwide hiring pause. He attributed the announcement to a “super bad feeling” he has about the economy, Reuters reports. Elon Musk, the...
A possible deal in OPEC saw a sharp drop in crude oil prices, and there is some follow-through selling today. European yields are lower, though hawkish comments are weighing on UK Gilt prices. Australia’s jobs...
The study, the first of three parts of the Pilotproject Grundeinkommen (Basic Income Pilot Project), will provide 122 participants with €1,200 ($1,420) a month for a period of three years. Participants did not have to...
While the true extent of the economic damage caused by the COVID-19 outbreak is yet to be determined, what’s certain is that the crisis will claim millions of jobs. But a handful of sectors may...
The Indian rupee has turned out to be Asia’s worst-performing currency this year as the nation’s economy struggles with rising oil prices, a widening current account deficit and broader emerging market concerns. The rupee has...
The popular press is full of articles about how automation destroy jobs. It seems so intuitive, capital, in the form of technological advancement, replaces labor. In response to claims that low wage economies, like Mexico...
How many jobs do robots – whether mechanical robots or software – destroy? Do these destroyed jobs get replaced by the Great American Economy with better jobs? That’s the big discussion these days. The answers...
“What do you think, am I a robot or not?” he asked, and looked at me. The shiny black hair. The smooth, mildly tanned, almost too spotless skin. The gaze behind his lightly shaded glasses....
A week ago, after nine Fed officials had spoken, the market widely expected Yellen and Fischer to confirm that the table was set for a rate hike later this month. They did, and the dollar...
The US economy created roughly nine million net new jobs since the start of 2009. Through organic growth and acquisition, majority-owned affiliates of US multinational companies have also expanded their employment outside the US. It is...
