Rising inequality is, at its core, a political and policy choice. This is the central message of the Global Justice Report authored by experts based at the World Inequality Lab, led by economists Thomas Piketty and Lucas Chancel. As economists and experts on labour, inequality and the informal economy, we believe there is a great…
Dar es Salaam — When the rains fail across Tanzania’s northern Maasai Steppe, herders drive their cattle farther in search of pasture and water. Boreholes run low. Cattle lose weight, milk yields fall and families begin selling cows, often their main source of livelihood. If the dry spell persists, herds can die, leaving families facing…
OpenAI on Monday announced that its advertising business has hit $1 billion in annualized revenue run rate, a milestone that the company is touting as proof of its “diversified business model.” The artificial intelligence company is gearing up for what is expected to be a massive initial public offering, and is under pressure to justify…
A SpaceX Falcon Heavy rocket lifts off carrying Nasa’s Nancy Grace Roman Space Telescope. Joe Skipper/Reuters Nasa’s new flagship observatory launched from Florida on Sunday on a mission to probe some of the biggest mysteries in astrophysics and cosmology. The Nancy Grace Roman Space Telescope, a roughly US$4-billion project, lifted off at 7.26am local time…
US President Donald Trump speaks in the Rose Garden of the White House in Washington, DC, on Aug. 24, 2026. Jim Watson | AFP | Getty Images The U.S. struck a deal with Venezuela to get majority control of more than 65 billion barrels of oil reserves as the war with Iran roils the global…
Nvidia has agreed to acquire the open-source AI model repository Hugging Face for $12.9 billion, according to a report from The Information. The buyout marks one of the largest acquisitions in Nvidia’s history, signalling CEO Jensen Huang’s confidence that market demand for artificial intelligence infrastructure continues to accelerate. Securing Hugging Face gives the chipmaker strategic…
Meta Platforms has reached a proposed $18 billion settlement to resolve landmark lawsuits filed by dozens of state attorneys general accusing the company of engineering addictive social media platforms for youth and violating child privacy laws. Pending final court approval, the agreement concludes a high-profile trial brought by state regulators, led by California Attorney General…
NASA is preparing to launch its next flagship observatory, the Nancy Grace Roman Space Telescope, embarking on a mission to investigate the fundamental mysteries of dark energy, dark matter, cosmic gravity, and alien worlds. Read: Samsung teases another Galaxy event on August 27 The $4-billion (R64-billion) project is scheduled to launch on Sunday aboard a…
TOPSHOT – French President Emmanuel Macron (L) and the Crown Prince and Prime Minister of Saudi Arabia Mohammed bin Salman attend the closing ceremony of the Esports World Cup at the Grand Palais in Paris, France, on August 23, 2026. (Photo by Teresa SUAREZ / POOL / AFP via Getty Images) Teresa Suarez | Afp…
Night view of Alibaba’s headquarters building located by the Huangpu River in Shanghai, China on Nov. 16, 2025. CFOTO | Future Publishing | Getty Images Alibaba shares plunged as much as 10% in Hong Kong on Monday after the Chinese tech giant priced an 80 billion Hong Kong dollar ($10.20 billion) placement of newly issued…
