Business

Why a new eurozone crisis now looks a distinct possibility

Muhammad Ali Nasir, University of Leeds The European Central Bank (ECB) has confirmed speculation that it will become the latest central bank to start raising headline interest rates to try to ward off inflation. The bank is to raise rates by 0.25 points to 0.25% for lending and -0.25% for deposits, with plans for another rise at the next meeting …

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New USB-C charger rule shows how EU regulators make decisions for the world

New EU rules will establish a common charger for all devices. Shutterstock Renaud Foucart, Lancaster University Have you ever borrowed a friend’s charger only to find it is not compatible with your phone? Or wondered what to do with the pile of cables you’ve accumulated from every device you’ve ever bought? Such inconveniences will soon be history after the EU …

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Food prices: how countries are using the global crisis to gain geopolitical power

Sarah Schiffling, Liverpool John Moores University y Nikolaos Valantasis Kanellos, Technological University Dublin Twenty million tonnes of grain are currently stuck in Ukrainian silos, exacerbating the global food crisis sparked by Russia’s invasion of the country. Aside from the need to get the grain onto world markets, freeing up storage space will be crucial to make room ahead of the …

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Military history is repeating for Russia under Putin’s regime of thieves

Tony Ward, The University of Melbourne In explaining the reasons for Russia’s unexpected military weakness in Ukraine, few have expressed it better than The Economist. The magazine noted “the incurable inadequacy of despotic power” and “the cheating, bribery and peculation” that is “characteristic of the entire administration”. Peculation means embezzlement. It’s a word rarely used nowadays; these words were in …

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Tech firms are making computer chips with human cells – is it ethical?

Shutterstock Julian Savulescu, University of Oxford; Christopher Gyngell, The University of Melbourne, and Tsutomu Sawai, Hiroshima University The year is 2030 and we are at the world’s largest tech conference, CES in Las Vegas. A crowd is gathered to watch a big tech company unveil its new smartphone. The CEO comes to the stage and announces the Nyooro, containing the …

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How soaring inflation can be particularly harmful for young people

Shutterstock/SpeedKingz Shampa Roy-Mukherjee, University of East London; Ejike Udeogu, Coventry University, and Michael Harrison, University of East London Inflation rates have become almost impossible to ignore. In the UK, inflation has soared in recent months, now reaching 9% – the highest rate for 40 years. The Bank of England expects it to rise to 10% this year and for the …

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Hiring friends and family might actually be good for business – new research

‘He’s a bit stupid but we go wayyyy back.’ fizkes Sheheryar Banuri, University of East Anglia Mark Zuckerberg, the CEO of Meta/Facebook, recently remarked in a podcast interview that when it came to hiring new staff, his preference was people whose “values aligned in the things that you care about”. This, he said, was akin to “choosing a friend or …

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‘Never let a crisis go to waste’: how three CEOs helped their companies thrive in a pandemic

Some businesses have managed to build positive outcomes from the crisis. MicroOne/Shutterstock Thomas Malnight, International Institute for Management Development (IMD) and Ivy Buche, International Institute for Management Development (IMD) The COVID-19 pandemic has prompted different responses from company CEOs seeking to ensure their businesses survive. Keeping their employees safe has been the first priority, but beyond that, their task has …

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COVID, climate change, Ukraine: three ways businesses can adapt their models to working in an age of crises

studiostoks/Shutterstock Oliver Laasch, University of Manchester It’s been a tough few years for people who own or manage a business. Lockdowns shut down whole industrial sectors worldwide, turning profitable businesses into loss-making ones, while a lot of smaller businesses went under. Many companies will now be hoping for a return to some type of normality after COVID. However, there are …

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