Award-winning investigative Financial Times journalist Tom Burgis reveals a terrifying global web of corruption by following the dirty money that is flooding the global economy, emboldening dictators, and poisoning democracies, spanning Kremlin to Beijing, Harare to Riyadh, Paris to the Trump White House, all at a terrible human cost. A body in a burned-out Audi.…
The UK’s economy bounced back from recession in July to September, but growth showed signs of slowing down at the end of three months. Growth of 15.5 per cent from July to September after a six-month slump induced by the first coronavirus lockdown was the biggest on record according to the Office for National Statistics…
In 1719 London, the year began well enough for London’s stock traders, working from their corner of the city, a narrow passage called Exchange Alley, buying and selling shares-dealing not in things but in numbers – was still new to the city. There was no fixed marketplace for traders in the paper. So those who…
Andrew Bailey the Governor of Bank of England has vowed to do “everything we can” to support the economy amid a resurgence of Covid-19 and said It was important that policymakers acted “quickly and strongly”, as the Bank announced a further £150bn of support, as lockdown could lead to a slower and bumpier recovery. The…
Sainsbury has announced 3, 500 job losses mainly from the Argos chain it bought in 2016 and close 420 Argos stores by March 2024, but open new 150 outlets in Sainsbury’s stores. Job losses are also in the supermarkets with the closure of its delicatessens and fresh fish and meat counters. Sainsbury’s said that the120…
Resolution Foundation’s latest survey of 6, 000 adults found 19 per cent of 18-24-year-olds who were furloughed during lockdown were unemployed in September. For Black, Asian, and other minority ethnic workers the figure was 22 per cent compared to 9 per cent for the general population. The Treasury said its wage support schemes had helped…
In the recent US presidential Television debate, Donald Trump’s oneliner was ” China ate your lunch Joe” against challenger Joe Biden. According to Trump’s view, China is a global villain that has visited a “Plague” upon the world while stealing US jobs and intellectual properties, Biden for his part has called XI Jinping, China’s leader, a…
New History of humankind through the prism of work from the origins of the life on Earth to our ever-more automated present. The work we do bring us meaning, moulds our values, determines our social status and dictates how we spend most of our time. How did work become the central organisational principle of our…
Amid the Coronavirus pandemic, the rich are getting richer, and the poor are getting poorer. The wealth of the world’s 2,189 billionaires soared to $8 trillion ($10.2 trillion) in July breaking the previous record of £7 trillion ($8.9tn) at the end of 2019. The latest report “Riding the Storm” by Swiss bank UBS and accounting…
The Swiss city of Geneva is to introduce a minimum wage of 23 Swiss Francs ( £19,31 / $25) per hour in the Western canton and makes it the fourth Swiss canton to have approved a minimum wage believed to be the highest minimum wage in the world. According to Swiss government data, 58…