U.S. military assistance is finally on its way to Ukraine after months of being held up in Congress. Reactions to the US$61 billion spending package, signed into law by President Joe Biden on April 24, 2024, have ranged from applause to indignation. While few people could deny it includes ammunition and equipment that Washington’s besieged […]
Canada is falling behind its peers in terms of living standards — can it catch up?
Canada, once admired for its robust economic health and high living standards, now faces a worrying decline. The nation’s gross domestic product (GDP) per capita growth trails its peers in the Organisation for Economic Co-operation and Development (OECD), while Canadian workers clock more hours for less output. Business investment is shrivelling while government expenditure is […]
How the energy crisis is pressuring countries’ climate plans – while some race to renewables, others see wealth in natural gas, but drilling benefits may be short-lived
Russia’s war on Ukraine has cast a shadow over this week’s meetings of world leaders at the G-20 summit in Bali and the United Nations climate change conference in Egypt. The war has dramatically disrupted energy markets the world over, leaving many countries vulnerable to price spikes amid supply shortages. Europe, worried about keeping the […]
why it’s happening and why interest rates are going up to combat it
Soaring prices have forced central banks in many developed countries to raise their interest rates in recent weeks. These organisations are in charge of attempts to rein in rising costs that are threatening to wreak havoc on household budgets in coming months. Western economies are currently experiencing two major shocks that are pushing up the […]