Oil is in charge of half of the global economy!

Oil has long been the world’s most important commercial source of fuel, and many predict that it will continue to be so well into the next couple of years. After prices surged to two-and-a-half-year peaks mostly throughout the pandemic, the Opec cartel and partners like Russia will boost supplies starting in August. The move is […]

Sundar Pichai, the CEO of Google, has issued a warning about risks to internet freedom

Google CEO Sundar Pichai recently emphasized that the free and open internet seems to be in danger in countries across the world. Many governments, he claims, limit sharing of information, as well as the concept is frequently overlooked. Pichai also discusses problems surrounding tax, privacy, and data in an in-depth interview with the BBC. He […]

In a tax dispute, Cairn Energy has the legal authority to take Indian assets!

As part of a long-running tax dispute, UK oil major Cairn Energy has been granted the authority to take Indian national resources in France worth more than €20 million (£17 million). As Cairn raises stress on the Indian government over contested tax charges, a French panel has imposed the freezing of roughly 20 homes in […]

The ‘midnight patrol’ in China is cracking down on young people

Tencent, a Chinese gaming behemoth, has been deploying facial detection technology to prevent youngsters from playing between the hours of 22:00 and 08:00. According to the company, the “midnight-patrol” technology would prevent “tricks” from avoiding the government curfew, which was implemented in 2019 with a cap on how much young gamers would invest in-game transactions. Gamers […]

Fast-track lanes for travelers who have been completely vaccinated will be trialed

Two of the world’s leading airlines will test fast-track lanes for fully-vaccinated customers at Heathrow Airport. Underneath the project, travelers on four routes would be able to submit their immunization information prior to boarding. British Airways and Virgin Atlantic are conducting the trial as the aviation industry pushes for visa-free travel to the UK from […]

Instagram’s algorithm has been changed as a result of suspected bias in the Gaza crisis

Instagram reportedly shifted the way it shows content after being chastised for allegedly suppressing pro-Palestinian sentiments during the recent Gaza conflict.According to a company representative, the explanation for this preference appears to be that most Instagram users have more posts to follow than time to review them. The company discovered that customers are more interested […]

130 countries support a global tax reform

Authorities representing 130 nations reportedly agreed to reform the global tax system so that large corporations “pay a fair share” everywhere they operate. The taxation of large IT companies has been a subject of contention between the US and other countries. The ideas, according to the Organisation for Economic Co-operation and Development (OECD), may raise […]

Housing prices are rising at a faster rate than they have in the preceding 17 years

According to Nationwide chief economist Robert Gardner, housing values remain “close to a record high” in relation to normal incomes, which “makes it even difficult” for first-time buyers to find their dream home. House prices in the United Kingdom grew 13.4% year over year, according to Nationwide. In a BBC interview, he discussed how the […]