Category: economics
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The Rise of the Gig Economy: Shaping the Future of Work
The world of work is rapidly changing, and one of the most significant transformations in recent years has been the rise of the gig economy. The gig economy refers to a labor market characterized by short-term, freelance, or on-demand work arrangements. Instead of traditional full-time employment, individuals now have the option to work on a…
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What Happens When a Country Becomes Default?
When a country is unable to meet its debt obligations, it is said to be in default. This can happen for a variety of reasons, such as a decline in economic growth, political instability, or unexpected external shocks. Default can have serious consequences for both the country and the global financial system. In this article,…
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German Economy Crisis – Recession is Inevitable
Inflation and the energy crisis are pushing the German economy into a recession. Let’s understand the details: What is the current Inflation level in Germany? Germany reported 10% CPI in September YoY which is the highest increase since WWII. Inflation has been on the rise since the beginning of the year primarily due to Russia…
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What is a tactical nuclear weapon?
Introduction In the past few decades, the world has seen an increase in the number of nuclear weapons, both tactical and strategic. A common question among people who are unfamiliar with this trend is: what exactly is a tactical nuclear weapon? Before we answer that question, let’s first review some more general definitions. Tactical nuclear…
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Multiple Missile Strikes in Kyiv – Russia Ukraine War
Kyiv was struck with various missiles that left at least 10 people dead and several injured. Kyiv strikes have been termed as a significant escalation of the Russia-Ukraine conflict. Last week on Putin’s birthday, a highly important road bridge between Crimea and Russia. Moscow has blamed very clearly Ukraine for this explosion and termed it…
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Housing Market has Begun to Fall
Increasing interest rates and higher inventory levels indicate the housing market is falling. 80% of the US is about to be affected. There are a lot of factors that justify the decline of real estate, let’s look at those factors. Home Affordability is estimated to be the worst in the last 37 years. Fed increasing…
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Outage reported for Starlink over Ukraine
Ukrainian forces have reported of outage of devices with the Starlink as the forces liberated some areas from Russian forces. Starlink since the beginning of the Russian invasion has provided communication across Ukraine. when Russia cut off the internet lines in Ukraine. Connection with Starlink has been crucial for the military movements as well as…
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5 Important things happened in China this week
Apparently, the World has been focussing more on what is happening in Europe as well as Ukraine-Russia was, however, there are quite a few interesting things happening in China this week. 1) SocGen cuts exposureTo reduce counterparty risk in the country, $80 billion has been slashed by The French bank in China’s futures exchange. SocGen…
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Opec+ production cut could harm US-Saudi relations
This week Opec+ has decided to cut oil production by 2 mln barrels per day. This is the second largest production cut after covid where due to reducing demand Opec+ countries decided to cut 10 mln barrels per day. Embed from Getty Images US Administration termed the decision ‘ short-sighted’. Earlier this year Biden visited…
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Elon Musk is being criticized for proposing peace deal
Elon Musk is being criticized by a lot of Ukraine support after he posted on Twitter a poll suggesting a peace deal. President of Ukraine started a poll in response to Elon’s poll asking people which Elon do they support, the one who supports Ukraine or Russia. There are quite a few loud voices which…