STOCKHOLM, SWEDEN (OCTOBER 9, 2017) (REUTERS) – U.S. academic Richard Thaler, who helped popularise the idea of “nudging” people towards doing what was best for them, won the 2017 Nobel Economics Prize on Monday (October 9) for his work on how human nature affects supposedly rational markets. Continue reading
Kenyan borrowers struggle to hang onto their assets as auctions heat up. A severe drought earlier this year, a slowdown in bank lending, and a prolonged period of political uncertainty are creating a growing pool of distressed borrowers whose assets are being seized by newly aggressive lenders in the east African powerhouse.
Passengers at London’s Gatwick airport posted videos and photos online after Monarch Airlines cancel all flights. Continue reading
BENGHAZI, LIBYA (Reuters) – Benghazi’s commercial port officially reopened on Sunday (October 1) after a three-year closure due to fighting between rival factions in the east Libyan city. Continue reading
Calls from the British Labour leader Jeremy Corbyn to publicly manage automation this week have led to speculation he is looking to tax robots, but how would that work?
Shares of the streaming box maker rose about 30 percent minutes after they debuted on the Nasdaq Stock Market Thursday. Fred Katayama reports. Continue reading
Ryanair cancelled the flights of another 400,000 customers and scrapped a bid for Alitalia on Wednesday, in a plan to keep its pilots on side and draw a line under its rostering fiasco. Mia Womersley reports. Continue reading
LONDON, ENGLAND, UNITED KINGDOM (SEPTEMBER 27, 2017) (REUTERS) – Uber contractors, “gig-economy” workers and trade unionists marched in London on Wednesday (September 27), calling for basic rights for workers as U.S. ride-hailing firm Uber faced a British employment appeal tribunal. Continue reading
The U.S. Commerce Department has slapped preliminary anti-subsidy duties on Bombardier’s CSeries jets after rival Boeing accused Canada of unfairly subsidizing the aircraft. As Laura Frykberg reports, the move is likely to strain trade relations between the neighbours and cause problems in Britain where Bombardier’s Northern Ireland factory employs thousands. Continue reading
DUBAI, UAE (SEPTEMBER 25, 2017) (REUTERS) – Dubai on Monday (September 25) showcased a flight for what it said would soon be the world’s first drone taxi service under an ambitious plan by the United Arab Emirates city to lead the Arab world in innovation.