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Sun, May 12, 2024 11:34 AM All times are UTC

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BoK remains on track to hike by 25 bps as early as November 30, says Scotiabank

Oct 24, 2017 05:05 am UTC| Commentary Central Banks Economy

The Bank of Korea (BoK) is expected to remain on track for a 25 basis points hike as early as November 30. The central bank maintained its policy rate at 1.25 percent last Thursday morning. However, it was not a unanimous...

FxWirePro: The Day Ahead- 24th October 2017

Oct 24, 2017 04:33 am UTC| Commentary Economy

Lots of economic data and events scheduled for today and all with low to medium volatility risks associated. Data released so far: Japan: Flash Nikkei manufacturing PMI declines to 52.5 in...

Japanese bonds trade narrowly mixed in quiet session, inflation data in focus

Oct 24, 2017 03:34 am UTC| Commentary Economy

The Japanese government bonds traded narrowly mixedTuesdayas investors remained sidelined in any major deal in a silent trading session. However, the markets will remain focused on the upcoming September consumer inflation...

Australian bonds jump tracking strength in U.S. Treasuries after focus shifts to plausible Yellen successor

Oct 24, 2017 02:36 am UTC| Commentary Economy

Australian government bonds jumped Tuesday tracking a solid development in the U.S. counterpart after hawkish bets cropped up among market participants over the plausible appointment of next Federal Reserve Chair after...

Residential construction activity driving Swedish economic growth

Oct 23, 2017 18:45 pm UTC| Commentary Economy

Swedens economic growth accelerated in the first half of 2017 following a weak patch at the end of last year. Growth was mainly driven by residential construction activity. In the first half of this year, around one third...

Kuwait's economic interest in mediating the Qatar-Gulf crisis

Oct 23, 2017 15:48 pm UTC| Insights & Views Politics Economy

A blockade against Qatar by its Gulf neighbours is now in its fifth month. Saudi Arabia, Bahrain, Egypt and the United Arab Emirates severed socio-economic ties with Qatar as punishment for its alleged support of terrorism...

Fundamentals to watch out for this week

Oct 23, 2017 11:35 am UTC| Commentary Central Banks Economy

This week is a quite heavy with volatility risks, both in terms of data and events. What to watch for over the coming days: Central banks: Bank of Canada (BoC) will announce monetary policy decision on...

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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...

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

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...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US student Gaza protests: five things that have been missed

Coverage of the recent student encampments at more than 50 universities across the United States has focused on confrontations between opposing groups of protesters or between protesters and police. The spectacle of...

Will Solomon Islands’ new leader stay close to China?

Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime...

Science

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...

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,...

Technology

Shiba Inu (SHIB) Now Accepted by Airbnb, Nike, and NFT Markets Globally

In a significant expansion of its utility, Shiba Inu (SHIB) is now accepted for payments at major brands like Airbnb and Nike, as well as numerous NFT marketplaces worldwide. This follows integrations with Polygon and...

Bitcoin's 2016 Echo Rings True; Traders Forecast $350K Peak

Mirroring its 2016 performance, Bitcoin may be on the verge of a significant rally, with predictions reaching as high as $350,000, according to leading crypto traders. This comes after a similar trajectory post-halving...

South Korea Commits $7 Billion to Boost Semiconductor Industry

South Koreas government, under Finance Minister Choi Sang-mok, announced a robust $7 billion support package aimed at propelling the country to the forefront of the global semiconductor industry. Detailing the $7...

Sam Altman Denies New Search Engine; OpenAI Rumored for Voice AI Launch

In a surprising twist, OpenAI CEO Sam Altman refuted ongoing news about a new search engine; instead, rumors hint at a groundbreaking AI update integrating voice and visual recognition, which is set to be unveiled this...

Ex-PayPal CEO Touts Bitcoin Lightning as Corporate Transaction Future

David Marcus, former PayPal CEO, endorses the Bitcoin Lightning Network as the future norm for corporate transactions worldwide, forecasting a transformative shift in global payment systems. David Marcus Champions...