Formula One and Yas Marina – Economic Masterstroke or Sports Washing?
To most, Yas Marina is just another place name; a niche geographical location that is only known by those who study the map of the Earth extensively for their daily dose of trivia. To the F1 community, however, it represents one of the most controversial race tracks ever to have existed on the formula one calendar. Yas Marina was a project undertaken by the UAE … Continue reading Formula One and Yas Marina – Economic Masterstroke or Sports Washing?
News Briefing – 13/03/23
We’ve summarised the top stories of the last week into an easily digestible briefing, so that you can stay up to date on what’s happening around the world. You can subscribe to receive the briefing in your inbox each week. UK Business & Economics The UK has added E-bikes, frozen berries, and security cameras to its basket of over 700 goods used to measure inflation. … Continue reading News Briefing – 13/03/23
News Briefing – 06/03/23
We’ve summarised the top stories of the last week into an easily digestible briefing, so that you can stay up to date on what’s happening around the world. You can subscribe to receive the briefing in your inbox each week. UK Business & Economics The UK government’s levelling-up department is set to spend almost 25% less (around $2.5 Billion) on regeneration projects this year. This has … Continue reading News Briefing – 06/03/23
Econophysics
What is Econophysics? Econophysics is an interdisciplinary field that combines concepts and methods from physics and economics to study complex economic systems. It applies statistical physics, network theory and other physical models to understand financial markets and the behaviour of economic agents. History of Econophysics The term ‘Econophysics’ was coined in 1995 by H Eugene Stanley in reference to the outrageously large number of papers … Continue reading Econophysics
Chart of the Month – February 2023
Strikes in the UK are at a record high. February’s Chart of the Month examines the causes behind this unparalleled increase of discontent in wages and its implications on the UK’s economic recovery. In the last 10 years, there have been two spikes in working days lost to strikes. Over several days in July 2014, millions of people took part in protests, including teachers, firefighters, … Continue reading Chart of the Month – February 2023
Reviving the tiger: Ireland’s property struggles
In Ireland, hidden behind a guise of Guinness, pubs and charm, homelessness runs rampant. The soaring price of houses has made renting the far more attractive alternative. But landlords have seized the opportunity to increase the price of rents too. It is estimated that 50,000 new homes need to be constructed every year in order to ease the shortage, but the real rate of construction … Continue reading Reviving the tiger: Ireland’s property struggles
Tourism and Development: the path less travelled
Recent decades have seen an unprecedented amount of economic development as ’emerging nations’ have sought to raise incomes per capita and reduce levels of absolute poverty. Their economies have grown, and citizens have experienced an improvement in their overall standard of living. Developing countries share some characteristics such as lower growth, lower standards of living, worse education, and lower life-spans, when compared to developed countries. Many … Continue reading Tourism and Development: the path less travelled
The likely implications of sanctions on Russia
On 24 February 2022, Russia invaded Ukraine in a significant escalation of the Russo-Ukrainian War (which began In 2014); in response, several countries imposed economic sanctions on Russia. The sanctions saw the various countries introduce an oil embargo, financial sanctions and a freeze of Russia’s currency reserves. The purpose of the sanctions was twofold: to put pressure on the war effort and Putin by undermining … Continue reading The likely implications of sanctions on Russia
The Dying Tiger: The Challenges Facing ASEAN
The Association of Southeast Asian Nations (ASEAN), an economic bloc consisting of ten nations, is no stranger to praise. By lifting tariffs on nearly 8,000 goods, increasing business access to neighbouring markets and lowering prices for consumers, it has reached an annual GDP growth of 4.6% (exceeding the global average of 3.2% by a sizeable margin), and has been frequently portrayed as an “unexpected success story … Continue reading The Dying Tiger: The Challenges Facing ASEAN
News Briefing – 27/02/23
We’ve summarised the top stories of the last week into an easily digestible briefing, so that you can stay up to date on what’s happening around the world. You can subscribe to receive the briefing in your inbox each week. UK Business & Economics The UK energy regulator, Ofgem, has lowered the energy price cap by close to £1,000 for the average home. The cap … Continue reading News Briefing – 27/02/23
