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.
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A Danish military helicopter came within “metres” of being struck by flares fired by a Russian warship, Denmark's Defence Minister Jeppe Bruus said on Tuesday. Russia accused Denmark of carrying out “dangerous manoeuvres” near its ship, and said it was investigating the incident.
Saudi Arabia said its air defences destroyed a Houthi drone south of Mecca before it could enter prohibited airspace over the holy city, as attacks by the Iran-aligned group deepen regional tensions.
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European Commission President Ursula von der Leyen is outlining the EU's priorities in her annual State of the Union address, covering security, support for Ukraine, trade with China, migration, climate and artificial intelligence.
Nigerian billionaire Aliko Dangote launched Africa's biggest-ever share sale on Monday, opening the oil refinery that has remade the country's fuel market to public ownership for the first time.
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Apple is entering a new era as Tim Cook steps down as chief executive after 15 years at the helm, handing the technology giant's leadership to longtime executive John Ternus.
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