Related topics: operating profit

How rising household debt could slow UK labor strikes this year

After decades of declining real wages and deteriorating working conditions, strike activity has spiked over the last year, particularly in the United Kingdom. From nurses and teachers to railway and postal workers, employees ...

Global climate summit is heading for a geopolitical hurricane

The last time world leaders got together for a climate summit, the backdrop was thoroughly menacing. A pandemic had decimated national budgets. Poor countries were up in arms over the hoarding of COVID-19 vaccines by the ...

How the debt crisis of 2008-09 fueled populist politics

The economic downturn of 2008-09 has often been described as a financial-sector crisis, featuring failing banks. But it was much more than that. Many people with stagnant or dropping incomes, having borrowed to sustain their ...

Impact of COVID-19 in Africa: A severe setback for development

COVID was late to arrive in Africa, with initial infection and death rates lower than elsewhere in the world. Community transmission is however now accelerating in most countries, with lack of safe water as a major contributing ...

US radio giant iHeartMedia files for bankruptcy

Leading US radio company iHeartMedia, which runs some of the country's most popular Top 40 stations, has filed for bankruptcy protection as it struggles to pay $20 billion in debt.

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