Facing an unprecedented mix of challenges, the global economy is facing a sharp deterioration of growth. After 2023, the picture is slightly better, as we expect that current actions of central banks and normalisation of supply chains help to alleviate price pressures. Continue reading
Patrick E. Shea, University of Glasgow
Countries across the world are drifting towards a debt crisis. Economic slowdowns and rising inflation have increased demands on spending, making it almost impossible for many governments to pay back the money they owe.
LONDON – Online sex worker Martha blames Britain’s cost-of-living crisis for her dwindling earnings – partly due to increased competition as soaring household bills push more women to sell sex. Continue reading
Kim Harrisberg Published: October 12, 2022
JOHANNESBURG – For more than a decade, musician Thomas Nhassavele has been busking next to the parking payment machine at Johannesburg’s Rosebank Mall, where drivers often dropped their change into his guitar case. Continue reading
A particularly cold September has given us a glimpse of the winter to come. The cold will bite hardest for the 13% of England’s households that are already in fuel poverty. As the energy crisis intensifies, this is expected to rise further.
ESG issues, geopolitics and climate change are the top three risks/opportunities facing mining and metals companies over the next 12 months, according to global mining leaders surveyed for the 15th edition of the EY Top 10 Business Risks and Opportunities for mining and metals in 2023. Continue reading
Phil Tomlinson, University of Bath; Andrew Burlinson, University of East Anglia; Catherine Waddams, University of East Anglia; Donald Hirsch, Loughborough University; Jean-Philippe Serbera, Sheffield Hallam University; Jim Watson, UCL; Jonquil Lowe, The Open University, and Steven McCabe, Birmingham City University
UK chancellor Kwasi Kwarteng has just launched the biggest package of tax cuts in half a century. This will involve around £45bn of reductions for people and businesses by 2027 – 50% more than anticipated before the mini-budget announcement.
Steve Schifferes, City, University of London
The UK economy has been dogged by slow growth for a long time. Combined with even slower growth in productivity, it has meant virtually no increase in living standards for the average family over the past decade.
By Nita Bhalla
NAIROBI, Sept 22 (Thomson Reuters Foundation) – When the pain started in Agnes Wachira’s chest almost six months ago, the Kenyan mother-of-three dismissed it as a symptom of the daily grind of working long hours hand-washing clothes in the narrow lanes of Nairobi’s Kawangware informal settlement.
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