
Trafigura Traders Share $3 Billion Payout on Record Profit
Trafigura Group paid $3 billion to its top traders and executives as the commodity trading giant notched up
2023-06-07 19:47

Quality of new vehicles in US declining on more tech use, study shows
Quality of new vehicles sold in the United States is declining as factors such as growing use of
2023-06-23 00:28

Boeing 737 MAX relatives may pursue pre-impact victim compensation claims
A U.S. district judge late on Tuesday ruled that relatives of those killed in a 2019 Boeing 737
2023-05-31 11:25

Experts have pinpointed exactly when society will collapse
A prediction about when society is most likely to collapse, made by scientists in the 1970s, has resurfaced – and it looks pretty bleak. Scientists at the Massachusetts Institute of Technology (MIT) used a computer to model patterns like population, natural resources and energy usage. The study, published by Club of Rome, picked out when these factors could hit “limits to growth”, which they said could lead to the downfall of modern life as we know it. They think we’ve got fewer than two decades left, with collapse due in 2040. Gulp. Sign up to our free Indy100 weekly newsletter At the time, the report wasn’t given much credence. But a similar study was carried out in 2009, and came up with similar results. Published by American Scientist, the more recent study found that the model’s results were “almost exactly on course”. "It is important to recognise that its predictions have not been invalidated and in fact seem quite on target. We are not aware of any model made by economists that is as accurate over such a long time span," the study said. And to make matters worse, Dutch sustainability researcher Gaya Herrington concurred with the prediction in 2021. Speaking to The Guardian, Herrington said: “From a research perspective, I felt a data check of a decades-old model against empirical observations would be an interesting exercise.” Herrington found that data aligned with the predictions made back in 1972, which had a worse case scenario of economic growth coming to halt at the end of this decade, and collapse around 10 years later. Thankfully, there was a reason to be cheerful too. She added: “The key finding of my study is that we still have a choice to align with a scenario that does not end in collapse. "With innovation in business, along with new developments by governments and civil society, continuing to update the model provides another perspective on the challenges and opportunities we have to create a more sustainable world.” Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-08-14 19:20

Japan to compile economic package to ease inflation pain
By Satoshi Sugiyama and Tetsushi Kajimoto TOKYO (Reuters) -Japan's Prime Minister Fumio Kishida unveiled on Monday the pillars of a
2023-09-25 18:51

Lynas Rare Earths signs updated contract with U.S. govt for Texas facility
Lynas Rare Earths said on Tuesday it had signed an updated contract with the U.S. Department of Defense
2023-08-01 07:54

US Banking Crisis Could Play Out for Two More Years, Ares CEO Says
Ares Management Corp.’s chief executive officer said the banking crisis could play out for two more years, and
2023-08-02 02:56

Upgraded Launches MacBook Upgrade Program & Subscription Payment Service in the U.S.
SAN FRANCISCO--(BUSINESS WIRE)--Aug 17, 2023--
2023-08-17 21:17

US unions have flexed their muscle this past year. Are they winning?
Since last year's Labor Day, US unions have flexed their muscle in a way that hasn't been not seen in decades. They've scored some big victories amid some defeats.
2023-09-04 21:45

Chipmaker Analog Devices' forecasts held back by inventory corrections
(Reuters) -Analog Devices projected first-quarter revenue and profit below market estimates on Tuesday as the chipmaker grapples with an ongoing
2023-11-22 01:00

New Speaker Mike Johnson grasps for a funding plan with a government shutdown rapidly approaching
New House Speaker Mike Johnson is facing his first big test as he tries to win House Republican support for a short-term funding plan to avert a government shutdown
2023-11-11 02:50

Why a surprisingly strong US economy is pushing up bond yields
Yields on the 10-year US government bond are flirting with a 15-year high this week, amid growing fears that strong growth and low unemployment could keep...
2023-08-18 04:16
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