Why Israel’s economy is resilient in spite of the war
Melnikov Dmitriy/ShutterstockIsrael’s war in Gaza and more limited conflict with Hezbollah on its northern border with Lebanon is taking a toll on the Israeli economy.
Melnikov Dmitriy/ShutterstockIsrael’s war in Gaza and more limited conflict with Hezbollah on its northern border with Lebanon is taking a toll on the Israeli economy.
The spring budget of 2024 was widely seen as a chance for UK chancellor Jeremy Hunt to inject some economic optimism into British politics ahead of a general election. Would he or wouldn’t he cut income tax? (He wouldn’t.) Would he pull rabbits out of hats in a bid to convince the electorate that the Conservatives should stay in power? Here’s what our panel of experts made of his plans:
National insurance cut only partially offsets rising tax burden
Jonquil Lowe, Senior Lecturer in Economics and Personal Finance, The Open University
Nigeria, Africa’s largest economy, is facing an economic crisis. From a botched currency redesign to the removal of fuel subsidies and a currency float, the nation has been plunged into spiralling inflation and a currency crisis with far-reaching consequences. The question now is: how long before the inferno consumes everything?
The degrowth movement has become very popular in recent years, particularly among younger people who appreciate its critique of the endless pursuit of economic expansion. The problem with growth, advocates argue, is that it implies the use of more and more resources and energy, as well as ever larger quantities of waste.
Kylian Mbappé celebrating a goal with his trademark celebration. Victor Velter/ShutterstockFrench football superstar Kylian Mbappé celebrates most of his goals by crossing his arms and tucking his hands underneath his armpits. It has become one of the most iconic goal celebrations in the world.
The US largely dominates the technology landscape. Sergei Elagin/ShutterstockEurope invests a lot in research, and publishes and patents many ideas. But it fails to compete with the US and China when it comes to translating its innovation effort into large, global technology firms.
UK chancellor Jeremy Hunt’s last budget before the general election will be highly political. His aim on March 6 will be to convince voters that the Conservatives are a tax-cutting party. Standing in his way is a weak economy and unwieldy budget deficit, which keeps adding to the high levels of government debt.
A budget in the year of an election is a big moment for any government. In 2024, it could be the chancellor of the exchequer’s last chance to try and generate a sense of economic optimism and improve consumer confidence after years of households feeling squeezed by austerity measures and rising prices.
IM Imagery / ShutterstockA global race to build powerful computer chips that are essential for the next generation of artificial intelligence (AI) tools could have a major impact on global politics and security.
Since the start of the Ukraine war, the US, EU, UK and other countries including Japan and Canada have increased sanctions on Russia. By late 2023, Russia became the most sanctioned country in the world with over 18,000 restrictions on different items – more than the combined number of sanctions on Iran, North Korea and Syria.