The marathon negotiations between United Parcel Service and the union representing its employees over a new contract have collapsed after failing to agree on the terms. The parties have been on the bargaining table ahead of the expiration of the current UPS Teamsters contract, covering more than 340,000 full and part-time workers, on July 31. The Teamsters have repeatedly stated […]

The News Germany plans to slash social benefits and rein in government debt but increase the amount spent on the military in 2024, according to a federal budget approved Wednesday by the government of Chancellor Olaf Scholz. The proposed package foresees spending 445.7 billion euros ($485 billion) next year, down about 6 percent from this year, while taking on just […]

After reaching a peak price in November of around $83,000 per metric ton, lithium carbonate prices dropped to around $21,000 by early May and have leveled off at around $42,000 since mid-May. If we were to judge by recent investments in lithium production and refining, however, a reasonable conclusion might be that prices should be going in the other direction. […]

European stocks advanced on Wednesday as a slew of upbeat U.S. economic data released overnight soothed concerns about an economic downturn. Meanwhile, investors shrugged off the results of a key survey showing that German consumer confidence has fallen for the first time since October. Pollster GfK said its forward-looking survey of around 2,000 people fell to minus 25.4 points in […]

Many of the measures most commonly used to assess a given country’s level of development are strictly economic. They include indicators such as gross domestic product, GDP growth, and GDP per capita. While useful, these measures are also narrow in scope and reveal little about a country’s development or development potential.  To address these shortcomings and provide a more comprehensive […]

Meta appears to be developing an alternative to Twitter called Threads, according to developer Alessandro Paluzzi. Paluzzi recently tweeted that the new Twitter clone has been released on the Google Play Store, but it seems that the app was mistakenly leaked and is currently unavailable. Although Threads is no longer visible on the Google Play Store, Paluzzi managed to capture […]

European stocks declined on Monday as a short-lived mutiny in Russia by the Wagner paramilitary group revived concerns over nuclear arsenal security. German business sentiment pointed to the likelihood of a longer recession, further weighing on sentiment. The headline German IFO Business Climate Index fell to 88.5 in June from 91.5 in May (revised from 91.7) reflecting weakness in the […]

Twitter’s management, led by Elon Musk, recently made two decisions about how users can use the social medium. One was that people need to log in to see tweets. The other is that there is a limit to the number of posts a person can read. In some cases, this limit is only a few hundred. The fact is that […]

When Bayard Winthrop, the chief executive of the retailer American Giant, ordered the batch of shirts that his company would advertise for the Fourth of July, he didn’t think much of it. The retailer, which has been producing its apparel solely in factories around the United States for more than a decade, perennially leans into its “Made in America” pitch […]