Economy

Facebook hits 2 billion users To increase penetration rates in developing nations, Facebook has rolled out pared-down versions of its apps that use less data, and it has been developing solar-powered drones to extend internet...

EU fines Facebook €110 million over WhatsApp deal   The European Commission levied the $123M fine because Facebook had said it could not automatically match user accounts on its namesake platform and WhatsApp, but two years...

Japan's airbag giant Takata files for bankruptcy protection   The Tokyo-based car parts giant is facing lawsuits and huge costs over an airbag defect linked to at least 16 deaths globally. News reports have said its...

Australia's Great Barrier Reef valued at $42B   A study conducted by Deloitte Access Economics found that the Great Barrier Reef is worth $42 billion and underpins 64,000 jobs. Australia's beleagured Great Barrier Reef is an asset worth...

CSIS: Potential Scenarios for Venezuela’s Future   Given the ongoing political, economic, social, and humanitarian crisis in Venezuela, in early June CSIS convened a small group of experts to identify the major drivers of possible future...

Tungsten brings invoicing into the digital age   Author: Richard Hurwitz, CEO, Tungsten Network   As even the smallest firms embrace global trade and e-commerce, Tungsten Network offers the back-end systems needed to ensure efficient, safe payments.   In a...

Fossils and minerals take the antiques market by storm   Author: Elizabeth Matsangou   Throughout the Renaissance, the demand for antiques among the aristocracy burgeoned, with the trend soaring by the late 17th century as members of the...

Brazil’s Argentina Moment Filipe Campante Twitter: @FilipeCampante y Dani Rodrik Twitter: @rodrikdani CAMBRIDGE – Brazil’s economy has been in free fall, a casualty of years of economic mismanagement and the vast corruption scandal that has engulfed the country’s...