Category: crisis
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UK faces net zero crisis unless full hybrids are banned by 2030, warns motoring body
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Britain must stick to its plan to stop selling all-new plug-in hybrid cars from 2030 or risk a “catastrophic mistake” that undermines its net zero ambitions, the Electric Vehicles UK (EVUK) group has warned. The Department for Transport (DfT) will ban the sale of petrol and diesel cars completely from…
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The cybersecurity skills crisis: Canada’s call to action
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Breadcrumb links information technology How Canada can align skills, diversity and innovation to confront growing digital threats Posted on December 23, 2024 • Last updated 27 minutes ago • 3 minutes read You can save this article by registering for free here. Or log in if you have an account.…
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Energy Crisis In Iran — Is Bitcoin Mining To Blame?
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Although Bitcoin mining is a largely profitable venture for mining companies and individuals, it can cause a lot of problems. The rise of cryptocurrency mining could push up prices, weaken networks, and even cause power outages in some countries like Thailand, Venezuela, and Kazakhstan. The Iranian capital and its neighboring…
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Mayor Dan Carter’s statement on the Province’s announcement to address Ontario’s homelessness, mental health and addictions crisis
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on December 12, 2024 • 3 minutes…
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Car finance crisis set to cost billions and dent investor confidence, warns Lloyds boss
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A worsening car finance crisis could deal a major blow to Britain’s economic prospects, according to the head of the country’s largest retail bank. Charlie Nunn, chief executive of Lloyds Bank, warned that uncertainty caused by the latest court rulings was undermining investor confidence and risking a multi-billion-pound claims storm…
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SolarEdge to sublet part of new campus to ease crisis
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Israeli Solar Technology Company SolarEdge technologies (Nasdaq: SEDG) is looking to lease part of its new campus, which is currently under construction in Glilot. A source familiar with the matter told Globes that SolarEdge is seeking at this stage to rent an entire floor on the campus for an asking…
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South Korea Crisis Sparks $34.2 Billion Explosion In Crypto Market
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last tuesday, South Korean President Yoon Suk-yeol It surprised the country by declaring martial law. The president’s surprise announcement, which was later retracted, created political chaos and rattled markets. South Korea The stock market fell In morning trading on Wednesday, the Kospi fell 2% as a result of the turmoil.…
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South Korea Crisis Sparks $34.2 Billion Explosion In Crypto Market
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last tuesday, South Korean President Yoon Suk-yeol It surprised the country by declaring martial law. The president’s surprise announcement, which was later retracted, created political chaos and rattled markets. South Korea The stock market fell In morning trading on Wednesday, the Kospi fell 2% as a result of the turmoil.…
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Over 80% of Millennials say they can’t afford a midlife crisis
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Buying hot sports cars, changing hairstyles, and finding a mistress were classic signs of a midlife crisis — at least for older generations. A new study in Psychology shows that Millennials are so poorly off in today’s economy that they believe they are too poor to allow themselves the collapse…
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Mike Ashley demands to take charge at Boohoo amid leadership crisis
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Retail tycoon Mike Ashley’s Frasers Group has called for him to be appointed as the new chief executive of Boohoo, where Frasers has a 27% stake, following concerns about a “leadership crisis” at the fast fashion retailer. In an open letter, Fraser urged Boohoo to replace current CEO John Little,…
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Mike Ashley demands to take charge at Boohoo amid leadership crisis
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Retail tycoon Mike Ashley’s Frasers Group has called for him to be appointed as the new chief executive of Boohoo, where Frasers has a 27% stake, following concerns about a “leadership crisis” at the fast fashion retailer. In an open letter, Fraser urged Boohoo to replace current CEO John Little,…
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Debt crisis: World’s $100 trillion timebomb keeps ticking
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Even before global finance ministers head to Washington over the next few days, the International Monetary Fund has urged them in advance to tighten their belts. Two weeks before a US election that will likely define a new era, and with the latest global inflation crisis drawing to a close,…
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Europe’s population crisis could shave 4% off its GDP by 2040: Morgan Stanley
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Europe’s demographic challenges have become a time bomb for the region’s economy, with Morgan Stanley offering bleak forecasts on the impact of these challenges on GDP. Morgan Stanley says Europe’s aging population could cut 4% from the euro zone’s GDP by 2040 as people live longer and birth rates fall.…
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Medicare Mess Sends Humana Shares on Worst Fall Since Financial Crisis
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(Bloomberg) — Humana Inc. investors haven’t had a hard time. Nothing this bad since the global financial crisis 15 years ago. Most read from Bloomberg The health insurer’s stock price fell 22% on Tuesday and Wednesday alone, which last happened in February 2009. It continued to decline, with shares suffering…
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Europe’s ski resorts face ‘existential crisis’ from climate crisis
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Europe’s leading ski resorts face an “existential crisis” over the coming decades, as climate change threatens to permanently remove the snow covering their popular slopes. The World Meteorological Organization (WMO) says global warming has caused the “zero level” at which snow settles to rise by about 250 meters in the…
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Cash flow crisis drags down private sector activity
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Kenya’s private sector activity deteriorated marginally in September due to persistent cash flow challenges affecting production and demand for goods and services, results of a monthly survey showed on Thursday. The Kenya Stanbic Purchasing Managers’ Index (PMI), which measures the performance of key private sector indicators such as production, new…
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Inside Lebanon’s Currency Crisis: How Hyperinflation Feels
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Lebanon is back in the news as conflict intensifies in the Middle East. Before these latest developments, Lebanon had already become a symbol of how quickly a seemingly stable society can slide into chaos. If you follow major events in the global economy, you may remember that Lebanon’s recent past…
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Inside Lebanon’s Currency Crisis: How Hyperinflation Feels
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Lebanon is back in the news as conflict intensifies in the Middle East. Before these latest developments, Lebanon had already become a symbol of how quickly a seemingly stable society can slide into chaos. If you follow major events in the global economy, you may remember that Lebanon’s recent past…
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Housing crisis: America needs to ‘build, baby, build’
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Supply is the heart of the housing problem—we’re missing millions of homes. Mortgage rates are also important, but not nearly enough. Nick Villa, an economist at Moody’s, has said that lowering interest rates won’t solve the housing crisis. Now that the Fed has cut its key interest rates by a…
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Crisis looms at varsities after talks by State, lecturers collapse
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Talks aimed at averting a nationwide work boycott by university professors and non-teaching staff have collapsed, paving the way for a strike to begin at midnight. The strike was called by the University Academic Staff Union and the Kenya Universities Staff Union. It comes just a week after students called…