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Wed, May 01, 2024 08:01 AM All times are UTC

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FOMC will reduce its estimate of NAIRU at March meeting: Danske Bank

Feb 20, 2015 08:23 am UTC| Commentary

Quotes from Danske Bank: -We find it likely that the FOMC will reduce its estimate of the NAIRU at the upcoming March meeting, a guesstimate is from the current 5.4% to around 5.0%. -If our forecast on the unemployment...

Current level of underemployment in US not enough to keep rate hikes off the table: Danske Bank

Feb 20, 2015 08:22 am UTC| Commentary

Quotes from Danske Bank: -Given the extremely low level of the fed funds rate, the current level of underemployment is not enough to keep hikes off the table, in our view. It rather serves as a reason why the Fed will...

US GDP growth to reach 3.0% this year and 2.5% in 2016: Danske Bank

Feb 20, 2015 08:21 am UTC| Commentary

Quotes from Danske Bank: -We expect US GDP growth to reach 3.0% this year and 2.5% in 2016. This is well above potential growth, which the CBO estimates at 1.7% this year and should support continued job growth at an...

Fed will deliver around 100bp in rate hikes the first year: Danske Bank

Feb 20, 2015 08:19 am UTC| Commentary

Quotes from Danske Bank: -Once the Fed starts the hiking cycle, we think they will take a gradual approach. With core inflation running below the 2% target until late 2016, we think the Fed will deliver around 100bp in...

FOMC to ultimately attach more weight to continued labour market improvement: Danske Bank

Feb 20, 2015 08:18 am UTC| Commentary

Quotes from Danske Bank: -Our long-held view is that the Fed will deliver the first 25bp rate hike in June this year. We still see a reasonable probability of a hike in June, but acknowledge that the low level of core...

CBRT to adopt a prudent stance next week: UniCredit

Feb 20, 2015 08:13 am UTC| Commentary

Quotes from UniCredit Research: -We expect the CBRT to adopt a prudent stance next week and cut the one-week repo rate by a moderate 50bp to 7.25%. While this would probably cause another episode of political backlash, it...

Vietnam February CPI inflation likely to ease slightly to 0.8% y/y: Standard Chartered

Feb 20, 2015 08:11 am UTC| Commentary

Quotes from Standard Chartered: -Vietnam will release key February economic data during the week of 23 February, including inflation, industrial production (IP), retail sales and trade data. -We expect CPI inflation to...

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Economy

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

The Mattei Plan: why Giorgia Meloni is looking to Africa

Since coming to power, Giorgia Melonis government has been remarkably orthodox in its foreign policy. Unwavering support for Ukraine, loyalty to the Atlantic Alliance and full participation in the European Union - these...

Politics

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Military conscription is returning to Europe, but is it really a more equal way of mobilising? What history tells us

The idea that conscription, defined as the compulsory enlistment of citizens for military service, can increase equality and instil a sense of solidarity that transcends traditional societal divides has echoed throughout...

The 50th anniversary of Portugal’s Carnation Revolution

Across Portugal, a number of photography exhibitions are currently on display that commemorate the ousting of the Estado Novo, the dictatorial, authoritarian and corporatist political regime that had ruled the country...

Science

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...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

BYD Profits Drop 47%, Tesla Launches Cybertruck Off-Road Guide Amid EV Price War

Amid a fierce EV price war in China, BYDs profits plummeted by 47% in the first quarter of 2024. This contrasts sharply with Teslas proactive approach, which includes releasing a detailed off-road guide for Cybertruck...

US Court Sets May Hearing for Terraform Labs, Do Kwon Remedies

On May 22, the U.S. District Court for the Southern District of New York is set to consider proposed financial remedies from Terraform Labs and its co-founder, Do Kwon, following a fraud verdict. The court will hear...

Bitcoin Traders Unfazed by 20% Drop: 'Pretty Ordinary Stuff'

As Bitcoin endures its fourth 20% correction in 12 months, dropping to $59,730, market veterans see it as nothing unusual. Leaders in the crypto industry, like Raoul Pal and Thomas Fahrer, reassure that such fluctuations...

Elon Musk Fires EV Supercharger Staff, Explains Reason for the Team’s Disbandment

Elon Musk disbanded Teslas EV Supercharger team amid company-wide layoffs affecting employees worldwide. The 52-year-old Tesla chief also terminated senior executives. The CEO demolished part of the unit responsible for...

Tesla Expands Semi Trials to Sysco After PepsiCo Success

Teslas Semi has once again exceeded expectations with food distribution giant Sysco, marking a significant step beyond its initial partnership with PepsiCo. Photographed in California, the Tesla Semis trial demonstrates...