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.
On May 19, 2025, the U.S. Defense Innovation Unit (DIU) and the UAE’s Tawazun Council signed a deal to strengthen defense cooperation and develop new technologies.
India’s space agency, ISRO, has reported a failure in launching its EOS-9 surveillance satellite into the planned orbit after a technical problem during the rocket’s flight.
President Donald Trump said the war in Ukraine should have remained a European matter and that the United States should not have gotten involved.
Countries have taken a major step toward finalizing a landmark global agreement aimed at preventing future pandemics.
France will open a new high-security prison deep in the Amazon jungle of French Guiana, aimed at detaining drug traffickers and radicalised inmates.
Ukrainian President Volodymyr Zelenskyy met Turkish President Recep Tayyip Erdogan in Ankara on May 15, with discussions reportedly focusing on upcoming peace talks between Ukrainian and Russian delegates in Istanbul.
Israeli Prime Minister Benjamin Netanyahu said the war in Gaza will not stop until Hamas is destroyed, following the release of US-Israeli soldier Edan Alexander.
Qatar signed a landmark agreement with U.S. aerospace giant Boeing on Wednesday to acquire 160 aircraft for Qatar Airways, a deal valued at $200 billion. The signing took place in Doha during the visit of U.S. President Donald Trump.
Ukrainian and Russian delegations meet behind closed doors at Istanbul’s Dolmabahçe Palace at 10:00 local time today to explore security guarantees, territorial integrity and a possible ceasefire.
EU approves 17th Russia sanctions, blacklisting almost 200 shadow‑fleet ships, 30 evasion firms and 75 defence figures, banning missile chemicals and arming Brussels to strike Kremlin hybrid and operations.
Asian markets began the week on a cautious note Monday as softer-than-expected Chinese retail sales data and growing uncertainty over U.S. economic and trade policy pressured sentiment across global equities and currency markets.
Kazakhstan is taking concrete steps toward the development of its first nuclear power plant, with the country now in the pre-project phase, according to Rinat Okasov, Deputy Director General of Kazakhstan Nuclear Power Plants LLP (KAEŞ).
Germany's finance ministry is pushing forward with its 2025 and 2026 budget plans, focusing on fiscal savings while addressing security and economic challenges, according to a recent government document.
Finance leaders from the Group of Seven democracies will strive for a show of unity when they meet this week on topics other than U.S. President Donald Trump's tariffs, including economic security, Ukraine and artificial intelligence cooperation.
Nvidia (NASDAQ: NVDA) announced a significant move to expand its influence in AI hardware on Monday, revealing plans to sell its NVLink Fusion technology to other chipmakers, enabling faster communication between artificial intelligence (AI) chips.
On May 19, 2025, the U.S. Defense Innovation Unit (DIU) and the UAE’s Tawazun Council signed a deal to strengthen defense cooperation and develop new technologies.
India’s space agency, ISRO, has reported a failure in launching its EOS-9 surveillance satellite into the planned orbit after a technical problem during the rocket’s flight.
President Donald Trump said the war in Ukraine should have remained a European matter and that the United States should not have gotten involved.
Countries have taken a major step toward finalizing a landmark global agreement aimed at preventing future pandemics.
France will open a new high-security prison deep in the Amazon jungle of French Guiana, aimed at detaining drug traffickers and radicalised inmates.
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