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Briferendum Series

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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

Uncertainty of Brexit leaving marks on UK economy, economic recovery relies on outcome of June referendum

May 30, 2016 11:15 am UTC| Commentary

The uncertainty regarding the upcoming referendum of whether UK will stayin the EU is impacting the British economy. Confidence amongst consumers and companies has worsened markedly since the beginning of 2016. The first...

Briferendum Series

Brexit anxiety keeps traders away from pricing hike in June

May 30, 2016 08:37 am UTC| Commentary

Consider yourself at the hot seat of Federal Reserve, looking forward to raise rates and think about your goals Maximum employment price stability. While unemployment rate is close to levels that can be considered as...

Briferendum Series

UK May GFK consumer confidence improves, stays in red on Brexit concerns

May 27, 2016 14:06 pm UTC| Commentary

The United Kingdom GfK consumer confidence, improved for the first time since January, but failed to tick above zero as the upcoming EU referendum weighed on consumer sentiments. The GfK figure eased to -1 from -3 this...

Briferendum Series

Briferendum Series: Secret plan B for Brexit

May 27, 2016 11:04 am UTC| Commentary

According to reporting by Financial Times, European leaders are secretly drawing up their plan B, in the event of British exit from the Union. According to FT, leaders of European Union and their key aides have met...

Briferendum Series

Briferendum Series: FT poll of polls shows 7% lead for the “Stay” camp

May 25, 2016 10:57 am UTC| Commentary

Financial Times poll of polls, which takes the average approach to minimize the volatility and margin of error and takes into account polls, dating back to 2010 (however only six are before 2013) is showing that Stay camp...

Briferendum Series

Briferendum Series: ONS publishes UK’s payment to EU statistics

May 25, 2016 10:19 am UTC| Commentary

To put an end to various camps throwing out various figures to Public, over UKs payment to European Union for being part of it, Office of National Statistics (ONS) published a presentation today, which explains how much UK...

Briferendum Series

Can you trust the EU referendum polls?

May 24, 2016 16:30 pm UTC| Insights & Views Politics

In the lead up to the British general election in 2015, the polls were united in suggesting the result was too close to call and that a coalition government was by far the most likely outcome. With the 1992 polling...

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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...