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Briferendum Aftermath Series

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In an unexpected outcome, people of the United Kingdom voted in favor of leaving the European Union in June 23rd referendum. For so many months, we have kept our readers updated on the referendum through our "Briferendum Series". Now with the referendum in place, we can hardly call it an end, instead, it's a new beginning of an era of greater uncertainties. With this non-binding referendum, there are so many possible scenarios that may play out including a second referendum. In this series, we once again vow to keep our readers up to the minute as the path ahead unfolds.

Briferendum Aftermath Series

Return of the town hall: will Brexit bring British democracy closer to the people?

Jul 08, 2016 23:32 pm UTC| Insights & Views Politics

In the lead up to the EU referendum, the Leave campaign urged voters to take back control from Brussels. Their message invoked the dominance of EU laws and institutions such as the European Commission and the European...

Briferendum Aftermath Series

Brexit shock has caused a sterling crash of historic proportions – here's just how bad it is for the pound

Jul 08, 2016 23:26 pm UTC| Insights & Views

Even before the UKs Brexit vote was official, the pounds value plummeted. It has been much reported that sterling has hit record lows. A look at the history of British currency crises shows how dramatic the shock was....

Briferendum Aftermath Series

Brexistentialism: Britain, the drop out nation in crisis, meets Jean-Paul Sartre

Jul 08, 2016 23:16 pm UTC| Insights & Views

The greatest philosophical one-liner of the 20th century or anti-EU theme tune? Hell is other people began life as a snappy soundbite in Jean-Paul Sartres Huis Clos, a short, harsh, brilliant meditation of a play, written...

Briferendum Aftermath Series

Moody's lowers UK's and EU's growth outlook after Brexit vote

Jul 08, 2016 11:40 am UTC| Commentary Economy

The United Statess rating agency, Moodys, has lowered the growth outlook for the United Kingdom and for theeurozone, following the Brexit win in the EUreferendum on June 23 that diminished confidence among the entire...

Briferendum Aftermath Series

Briferendum Aftermath Series: One pie the world would like to bite out of UK

Jul 08, 2016 11:33 am UTC| Commentary

Clearing house business is one big pie that the financial centers all around the globe would love to steal away from the United Kingdom viz.a.viz London. After the referendum, Londons clearing house business is clearly...

Briferendum Aftermath Series

Briferendum Aftermath Series: Why does Brexit bring UK's consumer confidence down when majority had voted for it?

Jul 08, 2016 07:13 am UTC| Commentary

British consumer confidence as recorded by GFK consumer confidence dropped sharply in the aftermath of the referendum where themajority of the Britons voted in favor of exiting from the Union. GFK released anone-off...

Briferendum Aftermath Series

Briferendum Aftermath Series: UK to get second female Prime Minister after Margaret Thatcher

Jul 08, 2016 06:09 am UTC| Commentary

After the second round of voting among the members of the Parliament (MPs), Britain is heading to get its second female Prime Minister after Margaret Thatcher, the Iron lady. In the second round of voting, front-runner...

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Economy

Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals

Russian stocks finished Saturdays trading session slightly lower overall, with the benchmark MOEX Russia Index closing unchanged at 0.00% in Moscow. Market sentiment remained cautious as investors weighed mixed...

China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook

Chinas factory activity contracted at the start of the year, highlighting persistent pressure from weak domestic demand despite continued policy support from Beijing. An official survey released on Saturday showed that...

U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal

The United States government was on track for a partial shutdown early Saturday after Congress failed to finalize a funding agreement before the midnight deadline. Although the U.S. Senate ultimately passed a bipartisan...

Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair

Gold and silver prices suffered a dramatic selloff on Friday after President Donald Trump nominated former Federal Reserve Governor Kevin Warsh to replace Jerome Powell as Fed chair, easing fears about the central banks...

Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets

Wall Street ended Friday on a weaker note as risk-off sentiment dominated trading, driven by hotter-than-expected U.S. inflation data, a dramatic sell-off in precious metals, and major political developments surrounding...

Politics

Keir Starmer Urges Prince Andrew to Testify in U.S. Epstein Investigation

British Prime Minister Keir Starmer has called for former Prince Andrew to testify before a U.S. congressional committee following new revelations about his long-standing links to disgraced financier and convicted sex...

U.S. Government Enters Brief Shutdown as Congress Delays Funding Deal

The U.S. government entered a partial shutdown early Saturday after Congress failed to finalize a funding agreement before a midnight deadline, temporarily halting a range of federal operations. The shutdown officially...

Zelenskiy Awaits U.S. Details as Ukraine Prepares for Possible Peace Talks Next Week

Ukrainian President Volodymyr Zelenskiy said on Saturday that Ukraine is awaiting further information from the United States regarding upcoming peace talks, signaling that new diplomatic meetings could take place as early...

Minnesota Judge Rejects Bid to Halt Trump Immigration Enforcement in Minneapolis

A federal judge in Minnesota has declined to order an immediate halt to President Donald Trumps expanded immigration enforcement operation in Minneapolis, dealing a setback to state and local officials who accuse federal...

Venezuela Proposes Amnesty Law and Plans to Transform Helicoide Prison

Venezuelas interim president Delcy Rodríguez announced on Friday a proposed amnesty law aimed at releasing hundreds of prisoners and easing political tensions in the country. Speaking at an event held at the Supreme...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate

Speculation around a potential Musk Inc has resurfaced as Elon Musks companiesSpaceX, Tesla, and xAIexplore closer ties amid rapid advances in artificial intelligence and automation. With SpaceX expected to go public later...

SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz

SpaceX delivered a strong financial performance last year, generating an estimated $8 billion in profit on revenues between $15 billion and $16 billion, according to people familiar with the companys results. The figures,...

SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom

SpaceX has revised its Starlink privacy policy to allow customer data to be used for artificial intelligence training, a move that could significantly support Elon Musks broader AI ambitions. The policy change comes as...

Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says

Nvidias ambitious plan to invest up to $100 billion in OpenAI, aimed at supporting the training and operation of next-generation artificial intelligence models, has reportedly hit a roadblock. According to a report...

Federal Judge Signals Possible Dismissal of xAI Lawsuit Against OpenAI

A U.S. federal judge has signaled she may dismiss a high-profile lawsuit filed by Elon Musks artificial intelligence startup, xAI, against rival OpenAI, dealing a potential setback to Musk in an escalating legal battle...