Rolling coverage of the latest economic and financial news While oil company profits soar, farmers across Europe are warning of a slump in food production and rising prices as crops suffer as a result of extreme heat, drought and wildfires. Olive groves have also been hit as the climate crisis drives temperatures across the continent to fresh record highs, meaning the cost of olive oil – already at elevated levels – is expected to start rising again. [BP] prioritises paying shareholders over looking after workers and ordinary people whilst reaping a ‘war bonus’ because of the Iran conflict. The war isn’t only a humanitarian disaster but an economic one for ordinary people, who have ended up paying the price of a ‘Trump Tax’ as the cost of energy rises. Continue reading...
The predictions market is planning to allow betting on clinical trial results and regulatory decisions as our family fights for his survival My son is 12 years old. No matter how many Legos we get him, he will only build robotic mechs. He draws haunting pictures in pen and ink but refuses to take an art class. He was devastated to learn that Chuck E Cheese is phasing out its animatronics. His guidance counselor says he’s so kind, he’s really hard to say no to. He sneezes when he steps out into the sunlight. And he also has a very aggressive tumor growing inches below his heart. Further, if Kalshi has its way, you could soon be able to bet on health treatments that could be essential to his survival. Joshua Pederson is professor of humanities at Boston University and the author of Sin Sick: Moral Injury in War and Literature Continue reading...