What does it mean for a nation to be rich or poor at a time of global pandemic, high inflation and geopolitical tensions? GDP per capita adjusted for relative purchasing power gives us an idea, albeit an imperfect one.
Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol visited a memorial to Koreans killed when the first atomic bomb was dropped on the city 78 years ago yet fully normal diplomatic ties between Tokyo and Seoul still appear to be a long way off.
The global pandemic pushed many shaky companies to the edge of bankruptcy, the energy crisis and steep rate hikes sealed their fate. But some of them will emerge stronger and more profitable as a result.
The Biden administration pleased progressives by cancelling drilling projects on federal territory shortly after taking office but recently approved Conoco Phillips’s $8 billion Willow Project in Alaska.
According to Sweden’s state-owned mining company LKAB, more than one million tons of rare earth oxides—the largest deposit of its kind in Europe—was discovered near Kiruna, about 1,000 kilometers north of Stockholm.
Unemployment is simple enough to understand: it is an economic condition in which individuals seeking jobs remain un-hired. Yet measuring how many people are unemployed at any given moment in any given country is rather complex.