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US consumer spending continues to rise in June; likely to contribute strongly to growth in Q3

Aug 03, 2016 05:05 am UTC| Commentary Economy

US personal income was up 0.2 percent in June, a tad lower than consensus projection of 0.3 percent. Meanwhile, real disposable personal income rose 0.1 percent in June. On the other hand, personal spending rose strongly...

Markets bet on another RBA rate cut in early 2017

Aug 02, 2016 12:18 pm UTC| Insights & Views Economy Central Banks

Earlier on Tuesday, the Reserve Bank of Australia (RBA) decided to cut its benchmark interest rate by 25 basis points to a record low level of 1.50 percent. The decision was largely in-line with market expectations. The...

Industrial producer prices in euro area rise 0.7 percent month-on-month in June

Aug 02, 2016 11:01 am UTC| Commentary Economy

Industrial producer prices in the euro area were up 0.7 percent month-on-month in June, according to the estimates of Eurostat. In the European Union, the industrial producer prices were up 0.8 percent on a sequential...

Finland’s Q1 GDP growth significantly revised down; export growth to remain low in Q2

Aug 02, 2016 09:17 am UTC| Commentary Economy

The starting point for 2016 for Finland came out to be softer than anticipated as the first quarter growth was significantly revised downward. So far, the data for second quarter has been mixed. Foreign trade has been...

US manufacturing output growth recovers strongly in July on solid, rapid rise of incoming new work

Aug 02, 2016 07:12 am UTC| Commentary Economy

Manufacturers in the US have hinted at a comparatively strong beginning to this years third quarter. Since June, output growth recovered strongly, thanks to solid and rapid growth of incoming new work. The seasonally...

US construction expenditure seen on downward shift; construction spending falls 0.6 pct in June

Aug 02, 2016 06:51 am UTC| Commentary Economy

Nominal value of US construction spending reached a seasonally adjusted USD 1, 133.5 billion in June, declining 0.6 percent in the month, the third straight month of decline. This is a huge miss as compared to the...

China will be the winner if US backs out of the TPP

Aug 02, 2016 05:48 am UTC| Insights & Views Economy

If the United States backs out of the Trans-Pacific Partnership (TPP), a 12 member mega regional trade agreement, it could leave a gap for China to emerge the dominant trading power in the Asia Pacific. The TPP has been...

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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

Bitcoin's Rise Fueled by $222M ETF Inflow: What’s Next for BTC?

Bitcoins price jumped over $67,000 after a $222 million ETF inflow, highlighting strong market momentum and investor enthusiasm. ETF Inflows and Bitcoins Price Surge Recent data from Farside Investors indicates that...

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...