Thursday, 18th April 2024
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29 Oct
When bombs are falling, arms industry profits are rising. As war rages in Gaza, we look at how the defence sector is both benefiting from the violence and struggling to keep up. Even before the latest flare-up, global defence spending was rising to Cold War levels – largely due to the war in Ukraine, but also due to a perceived threat from China's growing military prowess. In 2022, military outlays rose for the eighth straight year, hitting $2.24 trillion.
2 Jul 2023
With a record-breaking 30 million tonnes of sugar produced last year, India recently became the world's largest sugar producer, surpassing Brazil. But at what cost? Every year, from September to March, over 1.4 million Indian workers migrate internally, searching for work in sugar cane fields. The labourers are paid a meager €300 to €400 for six months of hard toil, with only one day off per month.
25 Apr 2023
Electric vehicle maker Tesla reported a 24 percent rise in revenue in the first quarter of the year, while also seeing a 24 percent drop in profits. This follows a price-cutting drive in order to gain more market share in an increasingly competitive industry.

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Coups, sanctions, and withdrawal of member states; the Economic Community of West African States (ECOWAS) must either reform or decline, observers warn.
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A UN-led event to secure donations to address Ethiopia's humanitarian crisis fell short of its $1 billion target. The East African country has been hit by conflict and extreme weather in recent years.
1 day ago
Chess master, Tunde Onakoya, has embarked on a mission to surpass the Guinness World Record for the longest chess marathon. The event, which is currently underway at New York City's iconic Times Square, started at 10am on Wednesday, April 17, and is scheduled to end at 8pm on April 19. Onakoya is set to engage in an intense chess marathon, aiming to play for 58 hours without a single defeat.
1 day ago
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