Will oil prices rise after Red Sea shipping curbs amid Houthi attacks? | Business and Economy News

Will oil prices rise after Red Sea shipping curbs amid Houthi attacks? | Business and Economy News

Hijackings, missile strikes and drone assaults on ships by Yemen’s Houthi rebels have forced AP Moller-Maersk, a Danish shipping and logistics giant, and Hapag-Lloyd, a German shipping and container transportation company, to pause shipments through the Red Sea. Their decisions, announced on Friday, are a sign that major corporations are…

China’s youth compete for stable gov’t jobs in unstable economic times | Business and Economy News

China’s youth compete for stable gov’t jobs in unstable economic times | Business and Economy News

A good result on China’s annual national civil service exam is a requirement for any Chinese candidate who wants to be considered for the tens of thousands of vacant civil service jobs that the government seeks to fill every year. Many of the vacant positions are reserved for recent Chinese…

‘We barely make ends meet’: In Italy, some women are postponing motherhood | Women

‘We barely make ends meet’: In Italy, some women are postponing motherhood | Women

Giada, a 30-year-old writer, lives in central Italy with her boyfriend, a shop assistant also in his thirties. After several unpaid internships, she finally secured a more reliable position this year. As a writer specialising in science, she earns about 800 euros ($876) a month on a one-year part-time contract….

Is the world capable of stopping a climate apocalypse? | Climate Crisis News

Is the world capable of stopping a climate apocalypse? | Climate Crisis News

It was supposed to be a matter of life or death. So the recent spectacle of COP28 delegates quibbling over the wording of a final agreement calling on countries to “transition away” from the fossil fuels causing climate chaos provoked widespread alarm. Calling time on the status quo of using…

Argentina’s Milei starts shock therapy by devaluing peso by 50 percent | Business and Economy News

Argentina’s Milei starts shock therapy by devaluing peso by 50 percent | Business and Economy News

New president Milei warns of painful measures as currency value slashed, subsidies cut, public works tenders cancelled. Argentina’s government has announced it will slash the value of its currency, the peso, by more than 50 percent against the US dollar as its new far-right president seeks radical solutions to fix…

Can Indigenous inclusivity be the key to successful carbon markets? | Indigenous Rights News

Can Indigenous inclusivity be the key to successful carbon markets? | Indigenous Rights News

Carbon markets, a popular mechanism used by global businesses and countries to offset their emissions, have been on the table during negotiations at the United Nations COP28 Climate Change Conference. In a year that has seen carbon markets under growing scrutiny due to reports of alleged scams revealing that only…

Puma to end sponsorship of Israel’s national football team in 2024 | Israel-Palestine conflict News

Puma to end sponsorship of Israel’s national football team in 2024 | Israel-Palestine conflict News

The company says the move, planned since last year, is unrelated to boycott calls against it amid Israel’s war on Gaza. Sports brand Puma will stop sponsoring Israel’s national football team in 2024, according to a company spokesperson. The move was planned since last year and is not related to…

Communities on US LNG front line ask Biden to reject export terminal | Business and Economy

Communities on US LNG front line ask Biden to reject export terminal | Business and Economy

Travis Dardar, a fisherman and member of the Isle de Jean Charles Tribal Community off the coast of Louisiana, has twice been displaced by fossil fuels. Rising sea levels forced him and his tribal nation to move in 2016 from the island where they had settled in the 1830s to…

Argentina’s Javier Milei tells nation to brace for painful economic shock | Politics News

Argentina’s Javier Milei tells nation to brace for painful economic shock | Politics News

Newly inaugurated libertarian president warns there is ‘no alternative to a shock adjustment’. Argentina’s new President Javier Milei has warned his country’s people to prepare for painful austerity measures as he seeks to turn around decades of economic stagnation and decline. Taking office on Sunday after his upset election last…