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Britain’s recent fuel crisis, owing more to a shortage of lorry drivers rather than fuel itself, symbolises the wedge between supply and demand for labour within the economy. While the fact that the number job vacancies in Britain between July and September rose to above one million for the first time could be due to
The space race has one clear dominator: SpaceX. Elon Musk’s competitor, Jeff Bezos, makes the claim that they “could end up with monopolistic control of US deep space exploration.” It is impressive how quickly the company has risen to the top, launching its own rocket into orbit only 13 years ago. Elon Musk has the
by Rachel Carr Over the past months Amazon and Alphabet have reported phenomenal earnings for the second quarter of 2021. These figures were largely driven by Google skyrocketing advertising revenues, which grew by 69%, along with Amazon’s advertising income which increased by 87% from the year ago quarter. These results reflect the central role that
Perhaps one of Schumpeter’s most revered theories is that of creative destruction. His argument that capitalism never stands still, with long-standing, inefficient processes decaying in the wake of newer, superior ones has stood the test of time well, and in the aftermath of a global pandemic, appears to continue in this light. WFH – a
As businesses were forced to incorporate remote working in their business models due to pandemic-induced lockdowns, they needed to invest in softwares that supported this move to online operation. SaaS (software as a service) companies have been able to provide businesses with the tools to assist in this transition. While the pandemic has disrupted multiple
Nearing midnight on the 18th of April, a statement was released, announcing that twelve giants of European football had come together to become founding members of a “European Super League”. This breakaway league would be independent of both European and the world’s football governing bodies (UEFA and FIFA). Although the league is essentially dead in
Last Thursday, the White House announced that sanctions are to be placed on Russia for its “harmful foreign activities”, interference in US elections and sweeping cyber-attacks on US government and corporations. The impositions also follow strong international condemnation of Russia’s heavy military deployment at the Ukrainian border. The actions target 32 Russian entities and involve
BY Gaia Aviloff COVID-19 has exacerbated gender inequality in the job market. Recent studies have shown that the global pandemic is disproportionately affecting women in two main ways. Firstly, women work in the hardest-hit sectors. Secondly, the closure of schools and the shift to online learning have impacted women’s ability to work from home. The