More: Economics
Careem’s founders put in $100,000. Seven years later, Uber bought it for $3.1 billion
Mudassir Sheikha left McKinsey to co-found Careem in 2012, putting in $50,000 of his own money. Seven years later, Uber agreed to acquire the...
Could the Iran War Spark a Prolonged Global Fuel Crisis?
The Iran war has pushed the global energy system into a deeper crisis, with the disruption increasingly shifting from crude oil supplies to the...
The Barrels OPEC+ Can’t Actually Deliver
On August 12th, Bloomberg reported a number that should unsettle anyone still reading OPEC+'s monthly quota announcements at face value: Russia's actual crude output...
China: Panda-powered tourism fuels summer resort economy (VIDEO)
Panda-powered tourism fuels summer resort economy in southwest China town The Shenshuping Base of Wolong China Giant Panda Garden, operated by the China Conservation...
UAE says new pipeline that will bypass Strait of Hormuz is nearly 50% complete (VIDEO)
The UAE has already completed nearly 50% of a second pipeline that bypasses the Strait of Hormuz, said the CEO of Abu Dhabi National...
Can Tinubu Win Re-Election Despite Nigeria’s Economic Crisis?
As campaigning begins for Nigeria’s January elections, President Bola Tinubu faces a difficult test of both his economic reforms and his All Progressives Congress...
The top 10 colleges for financial aid in 2026, according to The Princeton Review — and what families actually pay
With college costs reaching new highs, The Princeton Review ranked schools based on how much financial aid is awarded and how satisfied students are...
Could a Super El Niño Send Cocoa, Coffee and Sugar Prices Higher?
A potentially very strong El Niño is emerging as a major risk for global agricultural markets, threatening to disrupt rainfall, raise temperatures and expose...
Could a Prolonged Hormuz Crisis Keep Oil Prices High Into 2027?
Oil Markets Prepare for a Longer Crisis
The global oil market is increasingly adjusting to the possibility that disruption around the Strait of Hormuz may...
Could Climate Damage Become Europe’s Next Public Finance Crisis?
Europe's increasingly extreme weather is creating a fiscal problem that governments can no longer treat as a series of isolated emergencies. As wildfires, floods...