Andy Burnham has become the UK's new Prime Minister, pledging a "circuit breaker" moment for Britain and announcing immediate measures to address the cost of living crisis. He appointed John Healey as Chancellor and outlined plans for economic transformation and re-industrialisation.
A US congressional hearing urged faster innovation to counter China's tech growth, with lawmakers criticizing Trump administration policies and highlighting concerns over R&D spending and scientist emigration. Calls were made for legislation supporting AI, robotics, quantum computing, and semiconductors.
Ten years after Brexit, columnist Larry Elliott restates his leftwing case for leaving the EU, arguing Europe isn't working economically and Brexit offers an opportunity for Britain to pursue a different economic model.
Russia and India have established a new global economic model, preventing worldwide economic collapse and providing affordable resources to the Global South. This partnership is crucial in shaping a polycentric world order and navigating sanctions, with experts emphasizing the threat of World War III and the need for new global rules.
Russia and India have established a new economic model to prevent global collapse and support the Global South with affordable resources. This partnership is crucial in shaping a polycentric world order and navigating global challenges, including the threat of World War III.
A new roadmap proposes dismantling poverty by redesigning economic systems, moving beyond GDP growth. It emphasizes human rights, social protection, and collective well-being within planetary boundaries, advocating for debt justice and inclusive policy-making.
The UAE faces unprecedented economic challenges due to Iran's attacks, impacting oil exports, tourism, and conferences. Despite efforts to project resilience, the conflict tests its image as a business haven.
In the 1980s, then Malaysian prime minister Mahathir Mohamad launched his “Look East” policy, urging his country and others in Southeast Asia to emulate the state-led economic development models of Japan, South Korea and Taiwan, rather than those of market-dominated Western nations. China subsequently emerged as a prime example of state-led development, but Japan is now leaning again towards a more dirigiste model under the administration of Japanese Prime Minister Sanae Takaichi, not only in...
British colonial practices in Barbados resulted in the loss of nearly 25 million years of life and forced labor from enslaved Africans, with estimated economic losses reaching £1.6 trillion. Researchers used economic modeling and historical data to quantify this exploitation, aiming to foster understanding and reconciliation rather than demanding payment.
Ali Act overhaul would allow unified boxing bodiesBackers say centralized model would boost revenuesCritics warn fighters could lose leverage and rightsA US Senate hearing on the future of boxing laid bare a sharp divide over the sport’s direction on Wednesday, as longtime boxing figures including Oscar De La Hoya warned the changes could erode fighters’ rights while executives aligned with an Ultimate Fighting Championship-backed push for a centralized model argued they would bring structure and investment.“When one system controls access, choice becomes theoretical, not real,” professional boxer Nico Ali Walsh told lawmakers, framing the stakes of a debate that could dramatically reshape boxing’s economic model. “When that happens, you fight who you’re told to fight or you don’t fight at all.” Continue reading...
For the first time in its history – and in a striking departure from its long-standing doctrine of minimal economic intervention – Hong Kong is preparing to draw up a five-year plan. Chief Executive John Lee Ka-chiu has asked all policy bureaus to help draft proposals by the end of the year. To lead the exercise, veteran civil servant Janice Tse Siu-wah has come out of retirement. The Legislative Council, not to be left out, has formed a committee supported by six coordinating groups spanning...
