Daren Acemoglu, Simon Johnson, and James A. Robinson won The 2024 Nobel Prize in Economics for their inspiring research on “ How institutions are formed and affect prosperity”
Daren Acemoglu, Simon Johnson, and James A. Robinson won The 2024 Nobel Prize in Economics for their inspiring research on “ How institutions are formed and affect prosperity” Annouced by the Royal Swedish Academy of Sciences.
The awardees work showcases the importance of societal institutions in a nation’s economic achievement.
The chair Committee for the Prize in Economic Sciences Jakob Svensson, pointed out the awardees successful work in dealing with global inequality. “Stating the income between countries is one of the major challenges of our time. The awardees have shown how challenging societal institutions are in achieving this goal," he said.
Qatari mediators have presented Iran with a new proposal to end the war with the U.S. and Israel, with Tehran expected to respond by the end of the...
At least 10 people were killed after two high-speed trains collided in Spain on Wednesday, forcing the suspension of services on a major rail route...
Despite losing his bloc's majority in Israel's 120-seat Knesset in a hotly contested election, Prime Minister Benjamin Netanyahu has manage...
Despite losing his bloc's majority in Israel's 120-seat Knesset in a hotly contested election, Prime Minister Benjamin Netanyahu has managed to remain in the lead after 70 per cent of votes were tallied on Wednesday. Figures are subject to change as counting continues.
Russia and Ukraine have begun a regional ceasefire to allow the start of a humanitarian effort in the Russian-occupied town of Oleshky, both sides said on Tuesday, but they continue strikes elsewhere, including the Ukrainian capital of Kyiv.
Russian strikes hit several parts of Ukraine overnight, injuring at least six people and targeting energy and port infrastructure, as President Volodymyr Zelenskyy said U.S. warnings about imminent Russian ballistic missile attacks had resumed.
Nearly two years after the 20 October 2024 parliamentary elections, Iraq’s Kurdistan Region remains without a cabinet. The Kurdistan Democratic Party (KDP) won 39 of 100 seats and the Patriotic Union of Kurdistan (PUK) 23, leaving neither able to govern alone.
The Pentagon is prepared to launch potentially major military operations against Iran within 96 hours of receiving an order from U.S. President Donald Trump, with sufficient forces already deployed in the Middle East, according to a CNN report.
Apple's latest iPhone 18 Pro series has outperformed its predecessor in early global sales, even as rising manufacturing costs and weaker demand in some markets put pressure on the smartphone industry, according to Counterpoint Research data released on Tuesday (27 October).
Uzbekistan is moving into a new phase in the development of Islamic finance, with the country’s first Islamic banking licence issued shortly before a regional forum in Samarkand brought together industry players to discuss how the sector can expand across Central Asia.
The European Union is pushing to deepen trade ties with Asia as rising global trade barriers threaten international commerce, German Chancellor Friedrich Merz said during a visit to Singapore on Tuesday (27 October).
As Israelis head to the polls on Tuesday, 27 October, the Israeli economy faces a paradox; soaring stocks and a stronger currency alongside rising public debt and billions of dollars in war costs. What do the figures reveal about the challenges awaiting the next government?
Russia's President Vladimir Putin is hosting the Eighth Gas Exporting Countries Forum (GECF) summit in Moscow. The Kremlin has said leaders will discuss the role of gas in global energy security and adopt a final declaration.
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