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Sat, May 18, 2024 09:46 AM All times are UTC

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UK's first hard data post-Brexit don’t show much impact yet, likely to keep BoE on hold at Sept meet

Aug 17, 2016 12:04 pm UTC| Insights & Views Economy Central Banks

The first set of UKs hard data from the post-referendum period do not show any major impact from Brexit yet and hence is likely to keep the Bank of England (BoE) on hold at its September 15 meeting. A survey by...

Long-dated gilt yields dive below short-dated ones at auction

Aug 17, 2016 11:28 am UTC| Commentary Central Banks

Long-dated government bond frenzy continues in the UK bond market and that has led to something you dont see every day. The demand is so high that investors bought 1.25 billion long-dated gilts at an average yield of 1.214...

What to watch out in today’s FOMC minutes?

Aug 17, 2016 10:45 am UTC| Commentary Central Banks

Today, Federal Reserve Open Market Committee (FOMC) will release the minutes of its July meeting, which is the biggest event risks for the dollar-based pairs. Todays minutes are of particular interest to have a feel of...

BoE’s package leads to a surge in bond issuance

Aug 17, 2016 08:45 am UTC| Commentary Economy Central Banks

The Bank of Englands (BoE) comprehensive package, especially the introduction of a 10 billion corporate bond purchases has triggered a mega surge in bond issuance from UK corporates as the companies join in to avail the...

Higher price makes BoE’s bond purchase operation smoother

Aug 17, 2016 07:11 am UTC| Commentary Central Banks

After a Bank of Englands (BoE) securities purchase auction failed to buy all the bonds it wanted to and failed short of 52 million, yields dropped sharply, and pushing bond prices higher. The central bank needs to purchase...

Fed Hike Aftermath Series

Fed Hike Aftermath Series: Hike odds climb to 50 percent on policymakers’ comments

Aug 17, 2016 06:09 am UTC| Commentary Central Banks Economy

The market is now evenly divided in its opinion of a rate hike from the U.S. Federal Reserve. After the Britons voted to exit from the European Union in the June referendum, hike odds for this year declined to 10 percent,...

Brexit vote changes UK inflation outlook, makes it harder for BoE to cut rates

Aug 16, 2016 11:19 am UTC| Insights & Views Economy Central Banks

Data released by the Office for National Statistics on Tuesday showed that UK annual inflation rate as measured by the Consumer Prices Index (CPI) rose to 0.6 percent in July from 0.5 percent in June, beating expectations...

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Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Minimum wage for South African farm workers: study shows 2013 hike helped reduce poverty even though compliance was poor

Minimum wage policies are typically aimed at reducing poverty. Yet there is little direct evidence of this effect, especially in developing countries. And none for South Africa. In a recent paper, we consider the...

Gas is good until 2050 and beyond, under Albanese gas strategy

The Albanese government is talking up the crucial role of gas as a transition fuel through to 2050 and beyond. In a gas strategy to be released on Thursday, the government envisages the fuels uses would change over...

South Africa’s plan to move away from coal: 8 steps to make it succeed

The South African governments Just Energy Transition Implementation Plan was launched in November 2023. It is a roadmap guiding the country away from reliance on coal-fired power towards renewable energy alternatives by...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Germany lowers voting age to 16 for the European elections

Ahead of the European parliament elections in June, Germany has lowered the age limit on participation to 16. This makes it the largest of just a handful of states in the EU to allow people under the age of 18 to vote....

South Africa will be president of the G20 in 2025: two much-needed reforms it should drive

South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global...

What early 2024 polls are revealing about voters of color and the GOP

By the end of winter 2024, the return of Donald Trump to the top of the GOP presidential ticket has revealed a surprising trend in the former presidents base of support: his increasing popularity among Black and Latino...

Science

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

Technology

Ex-OpenAI Exec Criticizes Sam Altman's Focus on 'Shiny Products' Over AI Safety Concerns

Former OpenAI executive Jan Leike resigns, criticizing the companys prioritization of shiny products over AI safety, calling out Sam Altmans leadership. Safety vs. Product Focus Leike, the leader of an artificial...

Binance Enhances SHIB, USTC, AGIX Trading and Liquidity for Better Market Dynamics

Binance has announced efforts to enhance liquidity and trading for Shiba Inu (SHIB), USTC, and SingularityNET (AGIX), including tick size adjustments aimed at improving market dynamics and trading experience. Binances...

OpenAI Disbands Team Tackling AI Risks Amid Leadership Changes and GPT-4o Launch

OpenAI has dismantled its Superalignment team, initially formed to address AI risks, following the resignations of key leaders Ilya Sutskever and Jan Leike. OpenAI Disbands Superalignment Team Days After Leaders Resign,...

$73M Crypto Scam: Two Foreign Nationals Arrested for 'Pig Butchering'

The Justice Department prosecuted two Chinese nationals on Friday in a cryptocurrency scam that laundered at least $73 million from deceived victims. Defendants Allegedly Used Shell Corporations to Launder Funds Through...

Tether's $1B USDT Mint Boosts Bitcoin, Eyes on $70K Milestone

Bitcoin has switched its former resistance into support, as Tethers market capitalization continues to rise swiftly in 2024. Tether, the worlds largest stablecoin, has issued another $1 billion, raising its market...