In the spotlight
Shell Reveals Loss of $20bn As COVID-19 Crisis Downgrades Assets
The hard-hitting impacts of the COVID-19 pandemic on the global oil market has led to a loss of almost $20bn for Royal Dutch Shell last year. Historic Financial Toll A downturn in oil and gas market prices forced the oil company to write down its assets, resulting in a loss of $19.9bn. The numbers are more stark when compared with a profit of $15.3bn the year before. Shell's adjusted financial result, excluding the massive downgrading of the value of its assets, dropped by over 80% for a year. These returns are the worst by the company in at least two decades. Reduced demand for transport fuels occasioned by sweeping travel restrictions imposed in an effort to contain the spread of the virus hit oil companies really hard. The global oil price slumped to less than $20 a barrel,...
Economy

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Shell Reveals Loss of $20bn As COVID-19 Crisis Downgrades Assets

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In the spotlight
The Impact Of Reggae Fashion On Global Economy: Exploring The Merchandise Phenomenon
Reggae music, originating from the vibrant island of Jamaica, has transcended its auditory roots to make a profound statement in the world of fashion. The distinctive style associated with reggae culture has evolved from a form of self-expression into a global phenomenon, influencing fashion trends and consumer behavior. This sartorial ripple effect has had an intriguing impact on the global economy, intertwining cultural significance with commercial success. As the reggae aesthetic continues to permeate various aspects of the fashion industry, from streetwear to luxury items, it beckons a...
The Impact Of Reggae Fashion On Global Economy: Exploring The Merchandise Phenomenon
Reggae music, originating from the vibrant island of Jamaica, has transcended its auditory roots to make a profound statement in the world of fashion. The distinctive style associated with reggae culture has evolved from a form of self-expression into a global phenomenon, influencing fashion trends and consumer behavior. This sartorial ripple effect has had an intriguing impact on the global economy, intertwining cultural significance with commercial success. As the reggae aesthetic continues to permeate various aspects of the fashion industry, from streetwear to luxury items, it beckons a closer examination of its influence and the merchandise phenomenon it has birthed. The following paragraphs will explore the economic reverberations of reggae fashion, shedding light on its emergence...
International


Science/High-Tech

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Parler social network terminates CEO John Matze
In the news
Parler social network terminates CEO John Matze
The social media platform which recently emerged as the preferred platform of the US far right, Parler, has sacked its CEO John Matze. Conservative Users This news of his termination was confirmed by Matze himself in a text message to Reuters. In a memo to Parler staff, he wrote: "On January 29, 2021, the Parler board controlled by Rebekah Mercer decided to immediately terminate my position as CEO of Parler. I did not participate in this decision". This much was originally reported by Fox News. Founded in 2018, Parler sees itself as a "free speech driven" space. As more mainstream platforms like Facebook and Twitter became more and more intolerant of misinformation and falsehoods, disgruntled conservative users began to switch attention and focus to Parler. These days, however, the app...
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