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Digital Currency Revolution

Digital Currency Series: UBS’ Tokenyz Targets Digitalization for Securities

Dec 04, 2019 06:50 am UTC| Research & Analysis Digital Currency Insights & Views Commentary

A veteran of the renowned investment banking giant UBS has recently launched a new start-up which is penetrating the progressively flocked gamut of platforms for issuing digital securities on a blockchain. Claude...

Bank of England likely to keep policy rate on hold through 2020

Dec 03, 2019 19:04 pm UTC| Commentary

The effect of U.K. inflation from lower fiscal stimulus and increased uncertainty regarding Brexit might be neutral at the first order, with lower domestic demand countering slower exchange rate appreciation, noted...

Indian rupee to make modest progress in 2020, USD/INR to trade around 72.50 by end-2020

Dec 03, 2019 15:57 pm UTC| Commentary

The Indian rupee has been remarkably resilient, in spite of a solid unwinding in growth and a deteriorating fiscal position, noted ANZ in a research report. This has been linked to three drivers: Firstly, the balance of...

Canadian international trade deficit likely to have widened in October

Dec 03, 2019 14:09 pm UTC| Commentary

Canadian international trade data for the month of October is set to release this week. According to a TD Economics research report, the international trade deficit is likely to have widen to CAD 2 billion in the month...

Blockchain Revolution Series

UK-Based Fintech Start-up Hastee Fetches $270M In Debt/Equity Financing

Dec 03, 2019 13:31 pm UTC| Research & Analysis Digital Currency Insights & Views Commentary

UK-based fintech start-up firm, Hastee, announced that it has secured about $270 million in equity and debt financing. Umbra Capital which happens to be a newly unveiled modern merchant bank that invests in UK-based...

Australian current account surplus rises above expectations in Q3 2019, net exports to add to GDP growth

Dec 03, 2019 12:17 pm UTC| Commentary

Australian current account surplus surged above market expectations in the third quarter. The surge was driven by a further rise in the trade balance and a sharp decline in the income deficit. The current account surplus...

Digital Currency Revolution

Digital Currency Revolution Series: ‘Crypto Dad’ Now With New York-Based Law Firm, Entrusted For Crypto and Blockchain Innovation

Dec 03, 2019 07:16 am UTC| Research & Analysis Digital Currency Insights & Views Commentary

The former United States Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo, who is also known as Crypto Dad, is now all set to work with New York-based law firm Willkie Farr Gallagher as a senior...

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Economy

Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue

The fourth round of Mexico-US trade talks is unlikely to take place next week and could be postponed until October as both countries navigate a busy diplomatic schedule, according to a senior Mexican trade official. Luis...

Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth

Australias labour market delivered mixed signals in August as employment growth comfortably exceeded expectations, while the unemployment rate climbed to its highest level in nearly five years amid increased participation...

Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit

Asian stocks mostly declined on Thursday as surging global bond yields weighed on risk appetite, while investors awaited a closely watched meeting between U.S. President Donald Trump and Chinese President Xi Jinping....

Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets

Gold prices edged lower on Thursday, extending pressure from the previous session as rising Treasury yields, stronger oil prices and a firm U.S. dollar fueled expectations that the Federal Reserve may continue raising...

Asian Currencies Mixed as Dollar Holds Near Two-Month High

Asian currencies traded mixed on Thursday as the U.S. dollar hovered near a two-month high, supported by stronger U.S. economic data, renewed inflation concerns and growing expectations for another Federal Reserve rate...

Politics

OpenAI Agent Breaches Australia Medicare Data Portal

An OpenAI artificial intelligence agent gained unauthorized access to an Australian government Medicare statistics portal, prompting a federal investigation and renewed concerns about the cybersecurity risks posed by...

Taiwan Thanks US for Support Ahead of Trump-Xi Summit

Taiwans government on Thursday expressed gratitude for continued US support and said it remains in close communication with Washington as President Donald Trump prepares to meet Chinese President Xi Jinping in the US...

Netanyahu Takes Aim at Mamdani as Israel Election Nears

Israeli Prime Minister Benjamin Netanyahu is expected to use his United Nations address on Thursday to criticize New York Mayor Zohran Mamdani, as the Israeli leader faces international pressure and a closely watched...

Russian Missile and Drone Attack on Kyiv Kills Two, Damages Maternity Hospital

Russia launched a major missile and drone attack on Kyiv early Thursday, killing two people and damaging residential buildings, medical facilities and other infrastructure across the Ukrainian capital, according to...

Judge Orders Trump to Restore White House Access for CNN, MS NOW and Politico

A federal judge on Thursday ordered President Donald Trumps administration to temporarily restore White House press access for journalists from CNN, MS NOW and Politico, ruling that the administrations ban on the three...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Tencent Launches TenPayGo Payment App for Foreign Tourists in China

Tencent has launched TenPayGo, a new mobile payment app designed to make digital transactions easier for international travelers visiting China, as the technology giant looks to benefit from growing inbound tourism ahead...

China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts

Chinas livestream shopping industry is entering a slower phase, but Li Jiaqi, the influential presenter known as the Lipstick King, believes artificial intelligence will complement rather than replace human hosts. Li, who...

Meta Unveils Muse Charm AI Device, Expands Smart Glasses Lineup

Meta Platforms (NASDAQ: META) unveiled a palm-sized device designed specifically for its Muse artificial intelligence agent on Wednesday, alongside an expanded lineup of smart glasses and new AI capabilities. CEO Mark...

SoftBank Raises $11.1 Billion in Bond Sale to Fund OpenAI Investment

SoftBank Group has raised $11.1 billion through a major dollar- and euro-denominated bond offering as the Japanese technology investment giant builds up cash to finance its expanding artificial intelligence investments,...

Meta Connect Spotlights Camera-Free Smart Glasses Amid Privacy Concerns

Meta Platforms opened its annual Connect conference on Wednesday, with the technology giant expected to introduce new smart glasses as it seeks to expand its lead in AI-powered wearable devices while addressing mounting...