Does economic growth lead to greater inequality? The answer might surprise you.
By Matteo Lanzafame, Antonio Francesco Gravina Finance, globalization, technology and urbanization – key drivers of economic growth – can lead to more or less inequality—depending on how prevalent they are in the economy. The determinants of income inequality—a measure of how unevenly income is distributed across individuals or households in a population—has for a long time been at […]
Japan considers asking Olympic fans for negative COVID tests, vaccinations
Japan is considering requiring fans attending the Tokyo Olympics to show negative COVID-19 test results or vaccination records, the Yomiuri newspaper reported on Monday, as a new poll showed public opposition to the Games remained strong.
Intel reiterates chip supply shortages could last several years
Intel Corp’s (INTC.O) CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines and is also being felt in other areas, including consumer electronics.
China announces three-child policy, in major policy shift
China announced on Monday that each couple would be permitted to have up to three children, a major policy shift from the existing limit of two children after recent data showed a dramatic decline in births in the world’s most populous country. The change was approved during a politburo meeting chaired by President Xi Jinping, […]
Australia’s Victoria COVID-19 cluster swells to 51, next few days ‘critical’
Australia’s second-most populous state of Victoria, the epicentre of the country’s latest coronavirus hotspot, reported 11 new cases of community transmission on Monday and authorities warned the situation could worsen in coming days. The state officially reported five new cases in the 24 hours to midnight. At a press conference on Monday, authorities announced a […]
Analysis: Gaza truce shifts focus to Egypt’s regional role
Egypt’s work to broker and secure a truce in the Gaza Strip this month has thrust it into the diplomatic spotlight, prompting top-level reengagement from Washington and overshadowing moves by several Arab states to normalise ties with Israel.
Vietnam business hub Ho Chi Minh City to enact social distancing
Vietnam’s business hub Ho Chi Minh City will begin social distancing measures for 15 days starting from May 31 in an effort to curb the spread of COVID-19, the country’s government said on Sunday.
Myanmar COVID-19 outbreak hits health system shattered after coup
Breathless, fevered and without the extra oxygen that could help keep them alive, the new coronavirus patients at a hospital near Myanmar’s border with India highlight the threat to a health system near collapse since February’s coup.
End of Netanyahu era could be in the cards in Israeli political drama
Israel was gripped by political drama on Sunday over the possibly imminent end of Prime Minister Benjamin Netanyahu’s record run as the country’s leader.
‘My soul has left me’: family grieves after El Salvador mass grave discovered
In his wrinkled hands, Jose de la Cruz held a tangled gold-colored necklace adorned with hearts and a pendant spelling out the word “love.”
