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​UK Prime Minister David Cameron’s clinching a deal with 27 members of European Union, paved the way for UK’s referendum on EU on June 23rd. Mark your calendars. With poll showing close call and heavy weights like London mayor Boris Johnson joining the exit camp, it’s no telling upfront, which side may prevail. Just like Mr. Cameron, promised to campaign in favour of stay with heart and soul, we promise to bring our readers latest ins and outs, surrounding the referendum as well as UK asset class, FTSE 100, Gilts and Pound.​

Briferendum Series

Brexit to hurt capital flows into India, Indian MNCs to suffer setback

Jun 14, 2016 13:31 pm UTC| Commentary Economy

The United Kingdoms referendum scheduled to take place on June 23 that will determine whether UK Remains or Leaves the European Union is likely to hit the Indian sub-continent as well, affecting capital flows amid an...

Briferendum Series

Migrant Crisis Series

Briferendum Series: Exit won’t help Britain to escape refugee crisis

Jun 14, 2016 10:47 am UTC| Commentary

An exit by Britain on June 23rd, after British referendum over the stay in theEuropean Union, will not help Britain escape the current refugee crisis in Europe. As a matter of fact, it could be dragged deeper into the...

Briferendum Series

Briferendum Series: Murdoch’s The Sun supports 'leave' camp

Jun 14, 2016 08:52 am UTC| Commentary

Media baron Rupert Murdochs The Sun became the first UK newspaper to voice support for leaving the European Union. In its front page, The Sun declared BeLEAVE in Britain. According to the tabloid, Britains stay in the EU...

Briferendum Series

Two big flaws in the Economists for Brexit plan

Jun 14, 2016 08:47 am UTC| Insights & Views Economy

There are numerous studies showing the economic costs of Brexit and the weight of academic opinion backs these estimates. But the Vote Leave campaign does have a small group of economists who claim that the UK can be...

Briferendum Series

Briferendum Series: Betting odds drop to just 59 percent for “Stay” camp

Jun 14, 2016 08:16 am UTC| Commentary

With just nine days to referendum, exit camp is gaining and they are gaining everywhere. Most of the polls released lately show that exit camp is having leads. Last Friday, a poll by The Independent, gave exit backers a...

Briferendum Series

Briferendum Series: Sterling IV skyrockets above 28 percent

Jun 13, 2016 07:59 am UTC| Commentary

One-month implied volatility, popularly known as thecost of protecting against volatility in Sterling/Dollar exchange rate soared above 28 percent in recent trade as fear mounts over UKs exit from the European...

Briferendum Series

British fishermen want out of the EU – here's why

Jun 10, 2016 15:35 pm UTC| Insights & Views Business

Of all of the industries affected by Britains membership of the EU, fishing is one of the most significant. The Common Fisheries Policy, which governs where fleets can fish in the EU and sets quotas to conserve fish...

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Economy

Trump Unveils $3 Billion U.S. Critical Minerals Push

President Donald Trump announced roughly $3 billion in U.S. government investments and financing for critical minerals, battery materials and mining projects, part of a broader effort to strengthen domestic production and...

Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls

Oil prices fluctuated on Friday and remained on course for sharp weekly declines as uncertainty surrounding a potential agreement to reopen the Strait of Hormuz continued to drive volatility across global energy markets....

Gold Prices Surge 7% as Dollar Falls, Fed Rate Hike Bets Ease

Gold prices rallied sharply on Friday, putting the precious metal on track for its strongest weekly performance since late January as a weaker U.S. dollar, lower oil prices and softer Federal Reserve rate hike expectations...

US Dollar Falls as Weak July Jobs Report Dents Fed Rate Hike Bets

The U.S. dollar weakened on Friday and headed toward its first two-week losing streak since late May after a disappointing July jobs report reduced expectations for another Federal Reserve interest rate hike. The U.S....

China Exports Beat July Forecasts as AI Demand Fuels High-Tech Trade

Chinas exports posted stronger-than-expected growth in July, supported by booming global demand for artificial intelligence infrastructure and a rush to ship goods before higher U.S. tariffs took effect. Exports increased...

Politics

Taiwan President Lai Oversees Coastal Strike Drills in Han Kuang War Games

Taiwan President Lai Ching-te observed coastal strike drills on Saturday as the island continued its annual Han Kuang military exercises, designed to strengthen Taiwans defence readiness against a potential Chinese attack....

Trump Administration Plans $1 Billion Security Aid Package for Colombia

The administration of U.S. President Donald Trump plans to provide $1 billion in security assistance to Colombia under newly inaugurated President Abelardo De La Espriella, the U.S. State Department said Friday. The...

US Expects Iran-Oman Hormuz Shipping Deal Soon

The United States expects Iran and Oman to reach an agreement soon that could restore commercial shipping through the Strait of Hormuz, a critical route for global oil and energy supplies, according to a Reuters report...

SEC Moves to Dismiss Insider Trading Case Against Trump-Pardoned Terren Peizer

The U.S. Securities and Exchange Commission (SEC) is moving to dismiss its civil insider trading lawsuit against Terren Peizer, the former Ontrak CEO who was convicted in a landmark federal insider trading case before...

Ukraine Agrees to Protect Kazakhstan Oil Exports via Black Sea

Ukraine has reportedly agreed not to attack certain non-Russian oil tankers and infrastructure involved in exporting Kazakhstan crude oil through the Black Sea, a move that could help stabilize supplies from one of the...

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

OpenAI Restricts Astra AI Over Cyberattack Risks

OpenAI has reportedly restricted parts of the development of its next-generation AI model, code-named Astra, after early evaluations indicated the system could potentially carry out sophisticated cyberattacks with limited...

Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium

Nvidia is reportedly preparing to invest as much as $3 billion in Lancium, a Blackstone-backed power infrastructure developer involved in the Stargate artificial intelligence infrastructure initiative, as demand for...

Meta Ordered to Pay $567M Over Child Safety Violations in New Mexico

Meta Platforms Inc. has been ordered to pay $567 million into a fund designed to address harm to young people, in a major legal ruling involving child safety on Facebook and Instagram. Judge Bryan Biedscheid of New Mexicos...

Nintendo Shares Jump as Switch 2 Sales Boost Earnings

Nintendo shares surged nearly 5% on Friday after the Japanese gaming giant reported stronger-than-expected first-quarter earnings and upgraded its full-year financial outlook, supported by robust demand for the new Switch...

Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised

Cloudflare shares surged in after-hours trading Thursday after the cloud connectivity and cybersecurity company delivered stronger-than-expected quarterly results, issued upbeat third-quarter guidance and raised its...
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