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Costas Lapavitsas

Costas Lapavitsas

Costas Lapavitsas is Professor of Economics at SOAS, University of London. He researches the political economy of money and finance, the financialisation of contemporary economies, and the economics of the European Union. He has published widely and writes for the UK and the international press. His latest book is "The State of Capitalism", Verso, 2023.

Why profits, not pay, have caused the cost of living crisis

May 25, 2023 14:35 pm UTC|Economy

The Bank of England accompanied its most recent UK interest rate hike the 12th in a row with a warning that UK price inflation is likely to be higher for longer than expected due to soaring food costs. The bank has been...

1 

Economy

Toyota Crown Makes a Comeback in South Korea After 51-Year Hiatus: Unveils New Hybrid Crossover

Toyota Motors revives its iconic Crown model in South Korea, marking its first return after a 51-year absence. The 2023 Crown, shifting from its original sedan format, arrives as a crossover utility vehicle equipped with a...
  • Toyota Motor, Daimler Truck Sign Agreement to Merge Mitsubishi Fuso and Hino Motors
  • Toyota president and CEO to step down, Lexus chief set to take over

Epson Unveils Eco-Friendly Printers in South Korea for Sustainability

Epson Korea recently debuted its line of environmentally-friendly printers. The machines are multi-functional and designed for businesses in the country. The Korea Times reported that the new Epson printers are...

CEO: It Doesn't Make Sense for Ferrari to Buy Other Supercar Makers

Ferrari CEO Benedetto Vigna reveals the companys strategic focus on partnerships and in-house innovation rather than acquiring other sports car makers. The luxury car brand aims to maintain its DNA while actively exploring...

Burger King Unveils Plant-Based 'Burgerrito' in Menu Expansion; Peter Perdue Promoted to COO

Burger King is spicing up its menu with a test run of the Burgerrito, a plant-based burger featuring a blend of beans, corn, and Mexican spices, priced at $5.75. This move caters to the growing demand for non-meat options,...

Spotify Slashes Podcast Team: 200 Jobs Cut in Strategic Realignment

Spotify announced Monday the layoff of 200 employees, affecting its podcast division in a significant strategic realignment. This accounts for two percent of the global workforce, part of a bid to enhance partnerships with...

Politics

UK: UN Rights Chief Expresses Concerns Over Migration Bill

The United Nations human rights chief has expressed his concerns to the British government about its legislation to combat illegal migration. The human rights chief cited concerns that it would bar people from seeking...
  • UK to Limit Migration by Family of International Students
  • UK plan to deport migrants to Rwanda unlawful, lawyers for asylum seekers say
  • UK: 56,000 migrants expected to arrive on small boats this year
  • UK to announce plans to house migrants into military bases in coming weeks
  • UK interior minister to discuss migrant deal in Rwanda visit

Russia-Ukraine War: NATO to Narrow Divisions Over Ukraine's Membership Bid in Oslo Meeting

The foreign ministers of the NATO countries are looking to narrow down the divisions surrounding Ukraines bid to join the alliance in the upcoming meeting in Oslo this week. This comes as Ukraines allies are also at odds...

EU Parliament to Question Hungary's Ability to Hold EU Presidency Over Record on Rule of Law

The European Parliament is set to question Hungarys ability to hold the European Unions rotating presidency next year. The EU parliament cited Hungarys record on the rule of law. A draft parliamentary resolution by the...

Iran: IAEA Resolves Nuclear Issues Related to Sites With Uranium Particles

The International Atomic Energy Agency has reportedly resolved the nuclear issues with Iran related to a site where uranium particles were found. The issue comes as talks to restore the 2015 nuclear deal with Tehran remain...

UK: Ministers Given More Time to Turn in Messages From Boris Johnson to Public COVID Inquiry

British ministers were given more time to turn in messages from former Prime Minister Boris Johnson as part of the public inquiry into the governments response to the COVID-19 pandemic. The extra time comes amid a...

Science

Drilling down on treatment-resistant fungi with molecular machines

`Fungi are present on the skin of around 70% of the population, without causing harm or benefit. Some fungal infections, like athletes foot, are minor. Others, like Candida albicans, can be deadly especially for...

Astronomers detected two major targets with a single telescope – a mysterious signal and its source galaxy

Astronomers have been working to better understand the galactic environments of fast radio bursts (FRBs) intense, momentary bursts of energy occurring in mere milliseconds and with unknown cosmic origins. Now, a study...

Biodegradable plastic in clothing doesn't break down nearly as quickly as hoped – new research

Plastic pollution has emerged as one of the most pressing environmental challenges of our time. Over 100 million tonnes of plastic enters the environment each year, with more than 10 million tonnes ending up in our oceans....

Gravitational wave detector LIGO is back online after 3 years of upgrades – how the world's most sensitive yardstick reveals secrets of the universe

After a three-year hiatus, scientists in the U.S. have just turned on detectors capable of measuring gravitational waves - tiny ripples in space itself that travel through the universe. Unlike light waves, gravitational...

Why don't rocks burn?

While many rocks dont burn, some of them do. It depends on what the rocks are made of and thats related to how they were formed. There are three main rock types: igneous, sedimentary and metamorphic. These rocks are...

Technology

Microsoft Reportedly Removing Activision Blizzard From UK to Fight Acquisition Roadblock

Microsoft Corporation is reportedly planning to pull out Activision Blizzard from the United Kingdom, which has previously blocked its acquisition deal with the Santa Monica, California-headquartered video game holding...
  • Microsoft’s Activision Blizzard Acquisition Approved by Korean Regulators
  • Microsoft's Acquisition of Activision Blizzard Greenlighted by EU
  • Microsoft's Activision Blizzard takeover blocked by the UK

Korea’s Netmarble Set to Release Three New Game Titles to Stop Losses

Netmarble Corporation, a South Korean mobile game developer which is also considered the largest mobile-gaming firm in the country, is set to release three new games, and the drops are starting in July. According to The...

Meta Platforms Threaten to Block News Access in California Over Ad Revenue-Sharing Bill

Meta Platforms Inc., the parent company of Facebook and Instagram, warned it may deny California users access to news content if a proposed law requiring tech companies to share ad revenue with publishers is passed. The...

Samsung Partners With Dezeen for Global 'Re:Create Design Challenge' to Upcycle Old Devices

Samsung Electronics, in collaboration with UK design magazine Dezeen, announces the Re:Create Design Challenge, a global contest aimed at upcycling and recycling old Samsung devices. The initiative reflects Samsungs...

TikTok CEO Shou Zi Chew to Spearhead ByteDance's Rising Social Media Star, Lemon8

ByteDance taps TikTok CEO Shou Zi Chew to steer Lemon8, its fresh social media app, amid a corporate reshuffle and escalating tension between TikTok and the West. Launched in February, the lifestyle-oriented Lemon8 has...

Digital Currency

GameStop, Illuvium Team Up to Launch World's First IBG, Limited-Edition NFT Collection

FxWirePro- BTCUSD Daily Outlook

Cryptocurrency: Binance, CEO Changpeng Zhao Sued by US SEC for Alleged Securities Law Violations

Law

The Supreme Court just shriveled federal protection for wetlands, leaving many of these valuable ecosystems at risk

McDonald's Franchisee Loses Court Battle With German City Over Tax On Packaging

US Solicitor General Backs Google in Supreme Court Song Lyrics Case

Life

Malaysia's OldTown White Coffee Debuts First Philippine Store, Eyes Expansion

Fender Unveils Made-in-Japan Fashion Line and Flagship Store in Harajuku-Omotesando, Expanding Retail Presence

McDonald's Teases New Cheesy Jalapeño Bacon Quarter Pounder Rollout This June

Nature

China Gezhouba Group to Drive Renewable Energy Potential in Azerbaijan: Landmark Agreement Signed

LG Electronics Joins Global RE100 Initiative, Commits to Full Renewable Energy Use by 2050

Fujitsu, Microsoft Unite: Massive Investment to Enhance Uvance Business, Boosting Sustainability With Cloud Technology

Sports

Puma's Ambitious Sustainability Progress: 70% Products Made From 'Better Materials' in 2022, Aims for 90% by 2025

European soccer is having another reckoning over racism – is it time to accept the problem goes beyond bad fans?

Exercise linked to higher pain tolerance – new study

Technical Analysis

FxWirePro: GBP/ NZD consolidating around 2.0440, bias is bullish

FxWirePro:EUR/NZD losses could deepen with break of key obstacles

FxWirePro :GBP/AUD shorts look for key support break as hawkish RBA policy statement bolsters AUD

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Burger King Unveils Plant-Based 'Burgerrito' in Menu Expansion; Peter Perdue Promoted to COO

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China Gezhouba Group to Drive Renewable Energy Potential in Azerbaijan: Landmark Agreement Signed

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NFT: Warner Bros. to Release ‘Superman: The Movie’ NFT Bundles

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FxWirePro- BTCUSD Daily Outlook

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General Motors Invests Over $1B in Flint Facilities for Next-Gen Heavy-Duty Pickup Production

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Spotify Slashes Podcast Team: 200 Jobs Cut in Strategic Realignment

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FxWirePro- Gold Daily Outlook

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