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Mon, Oct 02, 2023 09:06 AM All times are UTC

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Currency War Series

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After several years of extremely loose monetary policy, the U.S. Federal Reserve intends to start tightening, for clear reasons, markets will remain focused on the crucial event, which is set to have a major impact on almost all asset classes. Economic data releases will provide clues to the robustness of economies- some of which are vulnerable to investment outflows as higher rates make U.S. assets more attractive. Emerging economies are already struggling to support currencies hit by Fed rate hike expectations and will lead to intensified currency wars further. In this exclusive series we will provide insightful analysis and views on central banks decisions, emerging markets currencies, Fed's tools for managing monetary cycle, investment outflows, including direct government intervention, the imposition of capital controls, and, indirectly, quantitative easing.

Currency War Series

Why the pound has shot up while UK economy is struggling

Jul 18, 2023 08:01 am UTC| Economy

When Liz Truss and Kwasi Kwartengs tax-cutting mini-budget triggered a UK debt crisis in autumn 2022, the pound plummeted to almost parity with the US dollar. In 2023 the UK has endured weak growth, falling productivity...

Currency War Series

Why US 'dollar doomsayers' could be wrong about its imminent demise

Jun 21, 2023 07:23 am UTC| Economy

The position of the US dollar in the global league table of foreign exchange reserves held by other countries is closely watched. Every slight fall in its share is interpreted as confirmation of its imminent demise as the...

Currency War Series

War in Ukraine might give the Chinese yuan the boost it needs to become a major global currency

Jun 03, 2023 03:29 am UTC| Economy

The Chinese economys sheer size and rapid growth are impressive. China maintained one of the highest economic growth rates in the world for more than a quarter of a century, helping lift over 800 million people out of...

Currency War Series

Brexit: UK pound has not crashed yet, but here's why it will probably suffer in years to come

Jan 14, 2021 04:56 am UTC| Investing

The Brexit deal has failed to have any major effect on the exchange rate of the pound since January 1. The pound has held steady against the US dollar at US$1.36 and has strengthened slightly against the euro to 1.12. This...

Currency War Series

Korean Won Weakens Sharply Due to Speculations About Kim Jong Un's Health

Apr 22, 2020 10:40 am UTC| Economy

The Korean won had fallen to a low of 1,241.15 against the US dollar Tuesday following unconfirmed reports that North Korean leader Kim Jong Un is gravely ill. The Korean won last fell to 1,229.59 per dollar. CNN...

Currency War Series

Currency manipulation and why Trump is picking on Brazil and Argentina

Dec 04, 2019 11:24 am UTC| Insights & Views Economy

President Donald Trump slapped new tariffs on Brazil and Argentina after accusing them of manipulating their currencies to boost exports. It wasnt the first time Trump has labeled another country a currency manipulator...

Currency War Series

Turkey’s homemade currency crisis has truly global implications

Aug 16, 2018 19:57 pm UTC| Insights & Views

Turkeys recently reelected president, Recep Tayyip Erdoğan, is blaming the sudden and dramatic decline of the Turkish lira on an international conspiracy, variously railing against an economic war and a currency plot. On...

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Economy

Burger King Unveils American Classic to Complement Its Ghost Pepper Food Items in Canada

Burger King is bringing an American classic condiment to its stores in Canada. The fast food chain is launching the Ghost Pepper Ranch dipping sauce in the country to add a classic flavor that has always been enjoyed in...

Tesla Updates Model Y for China Release With No Price Mark Up

Tesla rolled out the new version of its Model Y electric car in China on Sunday, Oct. 1. It is new because of the upgrade that made minor changes to the EVs interior and exterior parts. As per Reuters, Teslas overhauled...

Trade unions and the new economy: 3 African case studies show how workers are recasting their power in the digital age

From US car factories to public sector workers in Nigeria and South Africa, strikes by trade unions continue unabated among the established sectors of the working class. In Detroit in the US, workers are resisting contract...

Amazon Gift Cards Purchase Confirmation Alarmed Customers, Raised Hacking Concerns

Amazon reportedly sent out email confirmations for the purchases of its gift cards on Saturday and Sunday. However, there is a problem with this scenario as it turned out that customers did not buy them. Customers...

Applebee's Brings Back 'Dollarita': An Affordable Treat for Customers

Applebees, the renowned casual dining restaurant, has answered the prayers of margarita enthusiasts everywhere. After a long anticipation of three years, the Dollarita is making a comeback and still comes with an...

Politics

Foreign policy has been missing from NZ's election campaign – voters deserve answers to these big questions

Tax cuts, crime, the cost of living, potholes and co-governance … these and various other issues are now familiar to most voters. But there has been one major election area missing the serious debate it needs:...

Closer relations between Australia and India have the potential to benefit both nations

The structure of Andrew Charltons Australias Pivot to India is built on three promises: the promise of India; the promise of the Australia-India relationship; and the promise of the Indian diaspora becoming a powerful...

Ukraine war: Russian shelling is taking a deadly toll on urban bats

Russias invasion of Ukraine in February 2022 has given rise to a humanitarian crisis. More than 6.2 million people have fled Ukraine as a result of heavy shelling and fighting, and an additional 5.1 million people have...

AI disinformation is a threat to elections − learning to spot Russian, Chinese and Iranian meddling in other countries can help the US prepare for 2024

Elections around the world are facing an evolving threat from foreign actors, one that involves artificial intelligence. Countries trying to influence each others elections entered a new era in 2016, when the Russians...

Ukraine war: Slovakia may be about to elect a government which plans to halt aid to Kyiv

Slovakians head to the polls on September 30 to elect a new parliament. The result will not only have a huge impact on the domestic affairs of this small central European state but also, beyond its borders, on the balance...

Science

Consciousness: why a leading theory has been branded 'pseudoscience'

Civil war has broken out in the field of consciousness research. More than 100 consciousness researchers have signed a letter accusing one of the most popular scientific theories of consciousness the integrated...

A search for links between two of the universe's most spectacular phenomena has come up empty – for now

Every so often, astronomers glimpse an intense flash of radio waves from space a flash that lasts only instants but puts out as much energy in a millisecond as the Sun does in a few years. The origin of these fast radio...

Temporary carbon storage in forests has climate value — but we need to get the accounting right

Forests and other natural carbon reservoirs play an important role in slowing and potentially reversing the effects of climate change. But any carbon stored in nature is vulnerable to either natural or human-caused...

Just 3 Nobel Prizes cover all of science – how research is done today poses a challenge for these prestigious awards

Ive been primarily an experimental chemist the kind of person who goes into the laboratory and mixes and stirs chemicals since the beginning of my career in 1965. Today, and for the past 15 years, Im a full-time...

Your microbes live on after you die − a microbiologist explains how your necrobiome recycles your body to nourish new life

Each human body contains a complex community of trillions of microorganisms that are important for your health while youre alive. These microbial symbionts help you digest food, produce essential vitamins, protect you from...

Technology

Are NFTs really dead and buried? All signs point to 'yes'

Non-fungible tokens (NFTs) are in dire straits. With the market in a severe downturn, its safe to assume the NFT bubble has well and truly burst. It was never clear why these digital collectables traded for such large...

Apple Works on iOS Update to Address Overheating Issues in iPhone 15 Models

Apple is attributing the heating concerns with its recently released iPhone 15 models to a software bug and problems associated with popular apps like Instagram and Uber. Reports of the devices becoming uncomfortably warm...

Virtual reality can help emergency services navigate the complexities of real-life crises

The UK has experienced several terrorist attacks, from the 2005 London bombings, to the devastating events at Manchester Arena and London Bridge in 2017. These tragic incidents not only resulted in the loss of innocent...

PlayStation Chief Jim Ryan to Retire; Hiroki Totoki Named Successor

Sony Group Corporation announces PlayStation CEO Jim Ryans retirement in March 2024, heralding a transition to new leadership under Hiroki Totoki. Ryan is currently working as Sony Interactive Entertainment LLCs (SIE)...

OpenAI's ChatGPT Now Surfs Web for Real-Time Information Access

OpenAI unveils an upgraded ChatGPT that can browse the internet, offering users real-time, authoritative information and enhanced data coverage from various sources. OpenAI, which is backed by Microsoft, said on...