Cars lined up at a US gas station during the oil shock of 1979. Universal History Archive/Universal Images Group via Getty ImagesOn October 6 1973, the Yom Kippur War – mainly involving Egypt, Syria and Israel –triggered one of the biggest energy crises of the 20th century.
Our new methodology builds an inter-country input-output table that distinguishes green products from the rest, allowing us to assess vulnerabilities in green value chains. In a multi-country, multi-sector model, our table reveals that a decoupling of green supply chains between a US-centric West and a China-centric East could globally cut trade in green products by up to 20%, lower welfare by up to 3% and raise yearly global greenhouse gas emissions by about 50 million tonnes.
Pavel Danilyuk/Pexels“Cashback” apps make an enticing promise. You download an app or click on a web browser extension. You go about your online shopping as usual, spend money, but then get some cash back. It sounds simple, right?
In recent years, cashback programs have made a serious splash with online shoppers.
Every few months, someone in the superannuation industry declares that Australians now “need” around A$1 million to retire comfortably. It’s a big, scary number.
But consumer advocates say most people can retire with far less.
Independent estimates suggest something closer to $322,000 is enough for many retirees who own their own home. So who’s right – and what assumptions drive these wildly different targets?
Less capital, more risk, familiar consequences. The latest move on big-bank rules suggests that too big to fail was never solved, only deferred.
The latest move to ease capital rules for large banks is being sold as a technical adjustment. It is nothing of the sort. It is another step in a long retreat from the post-2008 financial crisis promise to discipline concentrated financial power and protect the public from having to underwrite private risk.
That is the old too-big-to-fail bargain, dressed again in the language of efficiency.
Sinem Görücü via Better Images of AI, CC BYAustralia’s research and innovation system is “broken” and needs “bold reform”, according to a major new independent report released on Tuesday.
A case for tackling the corporate machinery driving extreme wealth, and the reforms that could truly curb it.
Targeting billionaires with California’s proposed wealth tax is an eye-catching idea, but perhaps the real problem is how some of these people become billionaires in the first place.
Madalyn Cox/UnsplashLast month, the United Kingdom’s Supreme Court determined that plant-based drink maker Oatly could not trademark the phrase “Post Milk Generation” – effectively banning the use of the word “milk” on their cartons.
Do your holidays always feel too short? Or are you a parent struggling to juggle the demands of school holidays with the leave you’re allowed to take?
On Wednesday, the Australian Council of Trade Unions (ACTU) launched a major push to give working Australians the right to an extra week of annual leave.
Global oil markets have reacted swiftly to escalating tensions in the Middle East as the United States and Israel continue their assault on Iran.
After oil tanker traffic through a key chokepoint, the Strait of Hormuz, stopped,
the benchmark oil price, Brent crude, jumped about 6% to over US$77 a barrel. It initially spiked as high as US$82, its highest level since January 2025.
