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Global bank urges cities to invest in new infrastructure to adapt to climate change

Oct 04, 2019 14:37 pm UTC| Insights & Views Economy

The impacts of climate change on weather, sea levels, food and water supplies should be seen as an investment opportunity for our cities, says global investment banking firm Goldman Sachs. In a report out last month the...

Muskrat Falls hydroelectric project poses risks for Canada that are being ignored

Oct 04, 2019 14:33 pm UTC| Insights & Views Economy

September saw the scheduled flooding at the Muskrat Falls hydroelectric facility in Labrador, with the first power from the facility set to start this fall. The $12.7 billion provincial investment in green energy has...

U.S. Treasuries divided ahead of September employment report, Fed Chair Powell’s speech

Oct 04, 2019 12:03 pm UTC| Commentary Economy

The U.S. Treasuries remained divided during Fridays afternoon session ahead of the countrys employment report for the month of September, scheduled to be released today by 12:30GMT. In addition, a host of speeches by...

German bunds remain tad higher after returning from week-day holiday; eyes on U.S. economic data

Oct 04, 2019 10:39 am UTC| Commentary Economy

The German bunds remained tad higher during European trading session Thursday after markets returned from a week-day holiday amid otherwise, silent hours that barely witnessed data of any major economic...

RBI likely to adopt further 50bps of cumulative cuts going forward; policy statement remains dovish: ANZ Research

Oct 04, 2019 09:36 am UTC| Commentary Central Banks Economy

The Reserve Bank of India (RBI) is expected to adopt further 50bps of cumulative cuts going forward, following todays dovish monetary polish statement, when the central bank already cut the benchmark interest rate by 25bp...

Norwegian government likely to present neutral-to-slightly expansionary fiscal policy, says DNB Markets

Oct 04, 2019 08:46 am UTC| Commentary Economy

The Norwegian government is expected to present a neutral to slightly expansionary fiscal policy, with a structural, non-oil deficit at NOK260 billion, according to the latest research report from DNB Markets. Further,...

JGBs close tad higher amid muted trading session tracking U.S. Treasuries on concerns over economic slowdown

Oct 04, 2019 07:09 am UTC| Commentary Economy

The Japanese government bonds closed tad higher on the last trading day of the week Friday tracking a similar movement in the United States Treasuries, governing concerns over global economic slowdown after...

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Economy

Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Volatility

Russian stocks finished Saturdays trading session slightly lower overall, with the MOEX Russia Index closing flat at 0.00% in Moscow. Market performance was mixed, as gains in select heavyweight stocks were offset by...

China Industrial Profits Slump Signals Need for More Economic Stimulus

Profits at Chinas industrial firms fell sharply in November, marking the fastest year-on-year decline in more than a year and underscoring the fragile state of the countrys economic recovery. According to data released by...

Japan to Audit Brazil’s Beef System, Paving Way for Market Access

Japan is set to conduct a comprehensive audit of Brazils beef sanitary system in March 2026, marking a significant step toward the possible opening of Japans lucrative beef market to Brazilian beef exports. The...

Wall Street Ends Post-Christmas Session Flat as Investors Eye Santa Claus Rally

Wall Street finished a light-volume, post-Christmas trading session nearly unchanged on Friday, as investors found little fresh news to drive strong market conviction. After a solid five-session rally, all three major U.S....

Argentina Congress Approves 2026 Budget Under Milei, Marking First Legislative Passage Since 2023

Argentinas Congress has approved the countrys 2026 national budget, marking the first budget bill passed by legislators since President Javier Milei assumed office in late 2023. The budget was approved on Friday by a vote...

Politics

Canada Announces $2.5 Billion Economic Aid Package to Support Ukraine’s Financial Stability

Canadian Prime Minister Mark Carney announced on Saturday that Canada will provide an additional $2.5 billion in economic aid to Ukraine, reinforcing the countrys ongoing support amid the prolonged conflict with Russia....

Israel Recognizes Somaliland as Independent State, Sparking Regional and Global Reactions

Israel has become the first country to formally recognize the self-declared Republic of Somaliland as an independent and sovereign state, a landmark decision that could significantly reshape political dynamics in the Horn...

California Drops Lawsuit Over Federal Funding Cuts to High-Speed Rail Project

California has withdrawn its lawsuit challenging the Trump administrations decision to cancel more than $4 billion in federal grants for the states long-running high-speed rail project, signaling a major shift in how the...

Thailand-Cambodia Ceasefire Holds After Deadly Border Clashes

Thailand and Cambodia have agreed to a new ceasefire aimed at ending weeks of intense border fighting, marking a critical step toward easing one of Southeast Asias most serious military confrontations in years. The truce,...

FBI to Permanently Close Hoover Building, Relocate Headquarters to Reagan Building

FBI Director Kash Patel announced Friday that the agency will permanently shut down its historic headquarters, the J. Edgar Hoover Building in Washington, D.C., marking a major shift in the bureaus long-discussed...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Nvidia and Groq Strike Strategic AI Inference Licensing Deal

Reports earlier this week suggested that Nvidia (NASDAQ: NVDA) had agreed to acquire AI chip startup Groq in a $20 billion all-cash transaction. However, updated details clarify that the arrangement is not a traditional...

TSMC Honors Japanese Chip Equipment Makers With 2025 Supplier Awards

Several leading Japanese semiconductor equipment manufacturers have been recognized with 2025 Supplier Awards from Taiwan Semiconductor Manufacturing Company (TSMC), highlighting their growing importance in the global chip...

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...