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Sun, May 12, 2024 01:57 PM 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

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...

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

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...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US student Gaza protests: five things that have been missed

Coverage of the recent student encampments at more than 50 universities across the United States has focused on confrontations between opposing groups of protesters or between protesters and police. The spectacle of...

Will Solomon Islands’ new leader stay close to China?

Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime...

Science

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...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

Altcoin Market Poised for Rally, Analysts Watch Three Key Indicators

Even though the cryptocurrency market cap has fallen about 20% in the last month, traders remain optimistic, anticipating an explosive rally period ahead. Altcoin Market at Disbelief Stage, Poised for Potential...

Shiba Inu (SHIB) Now Accepted by Airbnb, Nike, and NFT Markets Globally

In a significant expansion of its utility, Shiba Inu (SHIB) is now accepted for payments at major brands like Airbnb and Nike, as well as numerous NFT marketplaces worldwide. This follows integrations with Polygon and...

Bitcoin's 2016 Echo Rings True; Traders Forecast $350K Peak

Mirroring its 2016 performance, Bitcoin may be on the verge of a significant rally, with predictions reaching as high as $350,000, according to leading crypto traders. This comes after a similar trajectory post-halving...

South Korea Commits $7 Billion to Boost Semiconductor Industry

South Koreas government, under Finance Minister Choi Sang-mok, announced a robust $7 billion support package aimed at propelling the country to the forefront of the global semiconductor industry. Detailing the $7...

Sam Altman Denies New Search Engine; OpenAI Rumored for Voice AI Launch

In a surprising twist, OpenAI CEO Sam Altman refuted ongoing news about a new search engine; instead, rumors hint at a groundbreaking AI update integrating voice and visual recognition, which is set to be unveiled this...