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There’s a $2-tn GDP boost in shrinking the USA gender gap

Bloomberg Improving gender equality would add at least $2.1 trillion to U.S. gross domestic product by 2025, according to a McKinsey Global Institute study, a boost roughly the size of the Texas economy. “We were surprised that there was such a large economic opportunity still at stake” because the U.S. is a relative leader in gender parity, said Kweilin Ellingrud, ...

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Venezuela declares every Friday a holiday to save electricity

Bloomberg Venezuela’s President Nicolas Maduro has designated every Friday in the months of April and May as a non-working holiday, in a bid to save electricity as a prolonged drought pushes water levels to a critical threshold at hydro-generation plants. The country will unveil details of a 60-day plan to conserve energy, Maduro said, adding that measures would include asking ...

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Crystallex awarded $1.4 billion in Venezuela arbitration case

Bloomberg Crystallex International Corp. said it was awarded $1.4 billion from a World Bank arbitration court over Venezuela’s nationalization of an untapped deposit that the Canadian miner has said holds millions of ounces of gold. The award, issued by the International Centre for Settlement of Investment Disputes, upheld Crystallex’s claims that Venezuela breached an investment treaty “by failing to accord ...

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