In a major shift in Lebanon's public education system. The ministry of education has announced that public schools across the country will move to a 4-day school week for the upcoming academic year.


Lebanon to Go for 4-day School Week | GRAVITAS

In his first meeting with the IMF in Colombo, newly elected Sri Lankan President Anura Kumara Dissanayake, a self-avowed Marxist, advocated for tax cuts on lower-income groups. Having won the September 21 election, he pledged to reverse steep tax hikes, raise public servant salaries, and renegotiate the bailout secured by his predecessor, Ranil Wickremesinghe, while committing to continue the IMF's four-year reform programme.

Sri Lankan President Dissanayake Seeks IMF Deal Revisions, Eases Austerity

Ahead of the upcoming Sri Lanka elections, opposition leader Sajith Premadasa has laid out conditions for forming an alliance with the United National Party (UNP). Premadasa, leader of the Samagi Jana Balawegaya (SJB), has expressed willingness to collaborate but insists on key policy agreements and leadership roles within the coalition. The potential alliance could reshape the electoral landscape, as both parties seek to strengthen their positions against the ruling government. Negotiations are ongoing as the election date approaches.

Sri Lanka Elections: Sajith Premadasa Sets Conditions For Alliance With UNP

Two years after an economic meltdown nearly doubled poverty rates in Sri Lanka, the nation is gearing up for a crucial presidential election on September 21st. With austerity measures still fresh in people's minds, this vote could redefine the country's economic future.

Sri Lanka Elections: What does it mean for the IMF bailout? | World Business Watch

Taylor swift's record-breaking Eras tour is not just a spectacle for fans but also a significant economic force, potentially influencing the bank of England's stance on interest rates. As Swifties descend upon London for the UK Leg of her tour in august, economists speculate that the surge in consumer spending could delay the anticipated September rate cut by the Bank of England.

Swift's tour sends UK economy 'shaking it off'

The head of President Joe Biden's Council of Economic advisors said U.S. Consumer debt is just about returning to normal levels. Jared Bernstein said that pressures on U.S. Consumer spending, such as growing credit card delinquency rates, mostly suggest that Americans' debt is returning to pre-pandemic levels.

U.S. Consumer debt returning to normal levels?

The Nobel Prize Committee's decision to award the Nobel Prize in Economic Sciences to Professor Claudia Goldin is a big win for women economists and economic historians.

Claudia Goldin: A 'detective' who won the 2023 Nobel Prize in Economics 

The Nobel Prize for Economics Sciences 2023 has been awarded to American economic historian and professor Claudia Goldin on Monday (Oct 9) for her work in examining the wage inequality between men and women “through centuries,” said the Royal Swedish Academy of Sciences.

Nobel Prize in Economic Sciences 2023 goes to Claudia Goldin for work on role of women in labour

Harvard University's Professor Claudia Goldin has been honoured with the Nobel Prize in Economics for 2023, as announced by the Royal Swedish Academy of Sciences.

Claudia Goldin awarded Nobel Prize in economics for research on women's labour market impact

In June, hiring in the United States slowed down. As per a US Labour Department statement released on Friday, this signals a cooling of the American economy before an upcoming interest rate decision.

US hiring falls short of expectations in June, signalling cooling economy ahead of Fed decision

In Argentina, the annual inflation rate has soared to a high of 104.3 per cent. The astounding high was revealed by the nation's official statistics agency on Friday.

Argentina annual inflation over 104%, poverty up by 40%, people report ‘zero capacity to save’

The sheer weight of inflation that Britons are facing has been made clear by the latest figures. Data from the Office for National Statistics (ONS) shows that even as inflation reached double digits, wages are lagging far behind.

As inflation soars in UK, Britons see real-time value of their wages plummet; biggest fall since 2009

Talking to WION in an exclusive interview at the sidelines of the ongoing annual summit of the World Economic Forum in Davos, Switzerland, Saudi Arabia Industry Minister Bandar bin Ibrahim Alkhorayef, called India “a key partner” for his country.

Exclusive | Riyadh focusing on future of oil rather than 'spot price', says Saudi Industry Minister Alkhorayef

Walt Disney Co. and investor activist Nelson Peltz will face a boardroom battle after the home of Mickey Mouse denied the billionaire a seat on the board. Peltz, who co-founded Trian Fund Management, petitioned to join the board after criticising Disney's management in what could become a public debate over CEO Bob Iger's leadership.

Walt Disney and investor activist Nelson Peltz to face off on boardroom seat

Easing inflation expectations this year may be at risk of a reversal as Goldman Sachs said that with China and other Asian economies fully reopening from their pandemic restrictions, a barrel of Brent oil could reach $110 by the third quarter of 2023, reported Bloomberg.

Higher inflation this year? Goldman Sachs predicts oil prices could rise up to $110 a barrel

Wall Street's major stock averages closed higher on Tuesday, steadying in the afternoon after early volatility while Treasury yields rose as investors waited anxiously for US inflation data due later in the week.

US stocks rise, bond yields go up with December's upcoming price data in focus

Businessman Ashneer Grover, who gained popularity for his stint as a judge in Shark Tank India's maiden season, has launched a new venture and has promised prospective employees that they will receive a Mercedes car upon completing five years at the firm.

Embattled BharatPe co-founder Ashneer Grover anounces Mercedes as bonus for his new startup's employees

Asian companies with large debt levels will face an uncomfortable truth this year when $314 billion of bonds come due for repayment at a time when refinancing prices for lower-rated corporations are approaching historic highs, reported Bloomberg.

Asian borrowers face a daunting $314 billion debt repayment as rates rise

Canada has placed a ban on foreigners buying property. The ban which took effect on Sunday aims to make homes available to Canadians facing a housing crunch. It is not a blanket ban and allows certain individuals such as refugees and permanent residents who are not citizens to purchase the property.

Trudeau keeps election promise, Canada imposes two year ban on foreign home buyers

Qatar on Tuesday announced its first major deal to send liquefied natural gas to Germany as Europe scrambles to find alternatives to Russian energy sources. Qatar's Energy Minister Saad Sherida al-Kaabi said up to two million tons of gas a year would be sent for at least 15 years from 2026, and that state-run QatarEnergy was discussing other possible deals for Europe's biggest economy.

Qatar announces first major gas deal for Germany

New analysis shows that Paris has overtaken London to become Europe's biggest stock market. As per a Bloomberg report amid recession jitters in Britain, the French market has gained a marginal edge on the London stock market.

Britain is no longer Europe's biggest stock market; Paris takes the crown

A Columbia university Economics professor was censured during a live TV interview when he suggested that US and Poland might be responsible for the mysterious leaks on the Nord Stream gas pipeline.

Economics professor censured live on TV for suggesting US role in Nord Stream leaks

A new study carried out by the Oxford University says that switching from fossil fuels to renewable energy sources can help save the world as much as 12 trillion us dollars by mid-century.

WION Climate Tracker | Debunking myths about green energy; economics of going green

Politicians from various parties and affiliations in the country congratulated Abhijit Banerjee, the Indian-origin economist who won the Nobel Prize in Economics.

Prime Minister Modi congratulates Abhijit Banerjee on winning Nobel Prize in Economics

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