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Mon, Jan 19, 2026 02:06 AM All times are UTC

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China Cuts Lending Rates to Boost Economy Amid Trade Tensions

May 20, 2025 02:55 am UTC| Economy Central Banks

China has lowered its benchmark lending rates for the first time since October, signaling a renewed effort to stimulate its slowing economy. The Peoples Bank of China (PBOC) cut the one-year loan prime rate (LPR) by 10...

Asian Stocks Gain as U.S. Yields Stabilize Amid Debt Concerns

May 20, 2025 02:51 am UTC| Economy

Asian stock markets rose on Tuesday as U.S. Treasury yields steadied, offering the dollar some relief after a volatile session driven by concerns over the U.S.s growing debt burden. Investors remain cautious following...

Oil Prices Tick Higher Amid Iran Tensions and U.S. Credit Downgrade

May 20, 2025 01:19 am UTC| Economy

Oil prices edged higher on Tuesday due to rising geopolitical tensions and concerns over Iranian crude supply. Brent crude rose by 12 cents to $65.66 per barrel, while U.S. West Texas Intermediate (WTI) climbed 16 cents to...

Dollar Stabilizes Amid U.S. Tax Debate and Moody’s Downgrade

May 20, 2025 01:17 am UTC| Economy

The U.S. dollar traded sideways on Tuesday after a week-long decline, pressured by cautious signals from the Federal Reserve and rising concerns over the growing U.S. fiscal deficit. Market focus has shifted to a key vote...

US Futures Edge Higher Despite Moody’s Downgrade and Trump Tax Bill Debate

May 20, 2025 01:11 am UTC| Economy

U.S. stock index futures inched higher on Monday evening, shrugging off a recent credit rating downgrade by Moodys as investor focus shifted to a potential vote on President Donald Trumps proposed tax reform bill. The...

Gold Prices Surge as Moody’s Downgrades U.S. Credit Rating

May 19, 2025 13:25 pm UTC| Economy

Gold prices climbed sharply on Monday, driven by renewed safe-haven demand after Moodys downgraded the U.S. credit rating to Aa1 from Aaa, citing rising fiscal risks and soaring government debt. The downgrade triggered...

Asian Currencies Stay Flat Despite US Dollar Dip; Yen Rises on BOJ Rate Hike Hopes

May 19, 2025 05:48 am UTC| Economy

Asian currencies remained largely flat on Monday, even as the U.S. dollar weakened following a credit rating downgrade by Moodys. The U.S. Dollar Index dropped 0.3% after the agency cut the governments credit rating by one...

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Economy

Global Markets Slide as Trump Tariff Threats Shake Stocks, Boost Gold and Yen

U.S. stock futures fell sharply on Monday as fresh tariff threats from President Donald Trump rattled global financial markets, pushing investors toward traditional safe-haven assets such as gold, the Japanese yen, and the...

China’s Economic Growth Slows as Structural Challenges and Trade Risks Weigh on Outlook

Chinas economic growth likely cooled to a three-year low in the fourth quarter, reflecting weaker domestic demand even as the full-year performance stayed close to Beijings official target. According to a Reuters poll,...

Japan Snap Election Fuels Debate Over Consumption Tax Cut Amid Rising Living Costs

Japans expected snap general election is intensifying debate over a possible cut to the consumption tax, as both ruling and opposition parties signal support for easing the burden on households facing rising living costs....

Starmer Criticizes Tariffs on NATO Allies in Call With Trump

British Prime Minister Keir Starmer has expressed strong opposition to the idea of imposing tariffs on NATO allies, arguing that such measures undermine collective security efforts. Starmer made his position clear during a...

Proposed Rio Tinto–Glencore Merger Faces China Regulatory Hurdles and Asset Sale Pressure

The proposed merger between mining giants Rio Tinto and Glencore could face significant regulatory challenges, particularly from China, the worlds largest commodity buyer. Analysts and legal experts suggest that to secure...

Politics

Vietnam Communist Party Congress to Shape Leadership and Economic Strategy

Hundreds of delegates from Vietnams ruling Communist Party are gathering in Hanoi under tight security for a pivotal week-long congress that will determine the countrys top leadership and set economic and security...

Iran Warns of Harsh Response to Possible U.S. Strike Amid Deadly Nationwide Protests

Irans president has warned that any U.S. military strike against the country would trigger a harsh and regrettable response, as Iran faces mounting international scrutiny over its deadliest wave of protests in decades. The...

Pentagon Prepares Alaska Troops for Possible Minnesota Deployment Amid Immigration Protests

The Pentagon has ordered approximately 1,500 active-duty U.S. Army soldiers stationed in Alaska to prepare for a potential deployment to Minnesota, as large-scale protests erupt over the federal governments immigration...

EU Prepares Retaliation as Trump Tariff Threats Over Greenland Escalate Transatlantic Tensions

European Union ambassadors have reached broad agreement to intensify diplomatic efforts aimed at discouraging U.S. President Donald Trump from imposing new tariffs on European allies, while simultaneously preparing...

Trump Administration Held Secret Talks With Venezuela’s Diosdado Cabello Ahead of Maduro Ouster

Senior officials from the Trump administration held months-long communications with Venezuelas powerful interior minister Diosdado Cabello prior to the U.S.-led operation that resulted in the seizure and removal of...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

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...

Technology

Micron to Buy Powerchip Fab for $1.8 Billion, Shares Surge Nearly 10%

Shares of Taiwans Powerchip Semiconductor Manufacturing Corp jumped nearly 10% on Monday following news that U.S. memory chip giant Micron Technology plans to acquire one of Powerchips fabrication facilities in Taiwan,...

Tesla Revives Dojo Supercomputer Project With AI5 Chip at the Core

Tesla Inc (NASDAQ: TSLA) is set to restart development of its next-generation supercomputer, Dojo3, marking a renewed push into artificial intelligence infrastructure. Tesla CEO Elon Musk confirmed on Sunday that work on...

South Korea Seeks Favorable U.S. Tariff Terms on Memory Chip Imports

South Korea is moving to secure favorable treatment from the United States on tariffs affecting memory chip imports, following recent trade actions announced by the U.S. government. A spokesperson from South Koreas...

South Korea Sees Limited Impact From New U.S. Tariffs on Advanced AI Chips

South Koreas trade minister said a newly announced U.S. tariff on certain advanced computing chips is expected to have only a limited short-term impact on South Korean companies, while cautioning that future measures could...

Elon Musk Seeks $134 Billion in Lawsuit Against OpenAI and Microsoft Over Alleged Wrongful Gains

Elon Musk has escalated his legal battle against OpenAI and Microsoft, seeking up to $134 billion in damages over what he claims are wrongful gains stemming from his early involvement in the artificial intelligence...

Digital Currency