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Economy
The ‘Great Reshuffle’ has people rethinking their jobs. Here’s what they want…
With data showing signals of burn-out up by 9% and employee happiness down by 3%, the report says “companies are falling short where it matters most”. In addition to a significant divide on work-life balance, employees indicated that…
A wounded PM and ailing economy force England to ‘go Swedish’ on Covid | Larry Elliott
Government policy towards Covid-19 has come full circle. For now, at least, England has returned to the Swedish way of dealing with the pandemic. Tough, officially imposed lockdowns are out. Trusting the people to do the sensible thing…
Oil executives barred from leaving Peru after massive spill
The travel ban will last for 18 months, according to Judge Romualdo Aguedo. It applies to four employees of the Spanish energy and oil company Repsol: the general manager of La Pampilla refinery, Jaime Fernández-Cuesta, and three company…
Lost work due to omicron? What to know about unemployment benefits
Pedestrians stand in line at a Covid-19 mobile testing site at Columbus Circle in New York, on Dec. 5, 2021.Jeenah Moon/Bloomberg via Getty ImagesCovid cases are spiking in some parts of the U.S., and the highly contagious omicron…
Global economy to grow by about 4% in 2022, says thinktank
The year ahead will be dominated by efforts to fight inflation along with climate change, while global economic growth will be reasonably strong and stock markets weak, according to an economic forecaster.The world starts the year with…
$80 oil fueled by Fed, OPEC’s puny production boost
Canary LLC CEO Dan Eberhart discusses why oil is heading for its biggest yearly gain since 2009. Oil appears to be on a steady climb and the fundamentals make sense. U.S. crude briefly touched the $80-per-barrel level Thursday,…
Brexit and Covid hit demand for exports from UK factories
Britain’s manufacturers have suffered a drop in export demand amid pressure from Covid and Brexit, according to fresh data that shows supply chain disruption and staff shortages held back the economy in December.The latest snapshot from…
Most Splendid Housing Bubbles in Canada, November Update, after Bank of Canada Ended QE
Home prices spike in a few cities, “pause” in some, drop in others. Vancouver prices are below August levels.
By Wolf Richter for WOLF STREET.
In an amazing development for the Canadian housing market where prices have…
Judge Approves Deal to Resolve Puerto Rico Bankruptcy
MIAMI — Puerto Rico received approval from a federal judge on Tuesday to leave bankruptcy under the largest public-sector debt restructuring deal in the history of the United States, nearly five years after the financially strapped…
This Chemical Is in Short Supply, and the Whole World Feels It
This is a story about one of those unsung forces that quietly keep the world running. It is a story about the clockwork interconnectedness of modern civilization, about how disturbances in one part of the planet can kick up storms in…