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Wed, May 22, 2024 02:32 AM All times are UTC

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Canadian economic growth accelerates sequentially in July

Sep 30, 2020 15:19 pm UTC| Commentary

The Canadian economic growth continued to accelerate. On a month-on-month basis, the GDP grew 3 percent in July. The rise was historically elevated, but the rebound phase seems to be coming to an end, noted TD Economics in...

Australian building approvals fall in August on softness in unit approvals

Sep 30, 2020 14:26 pm UTC| Commentary

Australian building approvals fell 1.6 percent sequentially in August after rising 12.2 percent in the prior month. Unit approvals mainly drove the weakness, falling 12.9 percent, but house approvals continued to go up,...

Gold off 1-week peak as greenback rebounds after Trump-Biden's first debate

Sep 30, 2020 09:55 am UTC| Commentary

Gold prices declined, reversing most of its previous session gains, as investors awaited key takeaways from the first U.S. presidential debate, while optimism over hopes of a U.S. coronavirus aid deal limited...

U.S. consumer sentiment index rises sharply in September

Sep 29, 2020 18:12 pm UTC| Commentary

The Conference Boards index of U.S. consumer confidence rose to 101.8 in September, marking the largest monthly gain in almost 17 years. The rebound was comparatively widespread throughout the present situation and...

U.S. goods trade deficit widens further in August, imports growth surpasses exports growth

Sep 29, 2020 17:34 pm UTC| Commentary

The U.S. goods trade deficit widened further in August, with growth in imports surpassing exports. The trade deficit widened USD 3.6 billion to USD 82.9 billion in August, exceeding Julys record USD 79.3 billion. The...

German headline inflation falls into negative territory again in September on lower energy prices

Sep 29, 2020 16:40 pm UTC| Commentary

German headline inflation slipped into negative territory again in September. On a year-on-year basis, inflation fell to -0.2 percent from 0.0 percent in September. The fall is partially due to lower energy prices, which...

Swedish economic confidence index rises further in September, indicates rebound in economic growth

Sep 29, 2020 15:02 pm UTC| Commentary

The Swedish Economic Sentiment Indicator rose further in the month of September, suggesting a rebound in the economic growth. The ESI index rose to 94.5. The consumer sentiment index rose to 88.3. Consumers are slightly...

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Economy

Interest rates: the ugly dilemma facing Europe’s central banks – and why it’s a mistake to cut too soon

Central banks in Europe are discovering an old dilemma: when they lower interest rates because inflation is slowing down, its likely to weaken their currencies. This in turn may delay the fall in inflation towards their...

Europe is still in short-term crisis mode over Ukraine and lacks a vision for its post-war identity

Some believe that the war in Ukraine has fundamentally changed Europe, giving birth to a different kind of European order. That is, it appears to be driving structural shifts in the way Europe is run and organised that...

Mortgage prisoners: regulatory changes and low credit scores have left thousands trapped in a cycle of high payments

There are 8.5 million households in the UK who own a home with a residential mortgage, often with fixed interest rates from two to five years. Usually, when that mortgage deal ends, the borrower will move to another deal...

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...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Politics

Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act

At the end of April 2024, a long and peaceful process of national dialogue in Gabon between the military junta, presided over by coup leader General Brice Oligui Nguema, and civil society, represented by 580 civilians,...

How German media attention idealises female Ukrainian refugees

According to the latest available data, around 3.7 million Ukrainians are internally displaced, while nearly 6.5 million have registered as refugees globally. With 1.13 million, Germany has taken in the largest...

Over 26 million South Africans get a social grant. Fear of losing the payment used to be a reason to vote for the ANC, but no longer – study

Social grants to reduce poverty feature prominently in the campaign promises of political parties in South Africas 2024 national and provincial general elections, set for 29 May. The countrys social grants system is one...

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...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Science

Is dark matter’s main rival theory dead? There’s bad news from the Cassini spacecraft and other recent tests

One of the biggest mysteries in astrophysics today is that the forces in galaxies do not seem to add up. Galaxies rotate much faster than predicted by applying Newtons law of gravity to their visible matter, despite those...

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

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...

Technology

UAE, US Strengthen AI Partnership; Alibaba, Baidu Slash Chatbot Model Costs

The UAE and the US are set to deepen their AI investments, while Alibaba and Baidu announce substantial reductions in chatbot model costs. US and UAE to Boost AI Investments Emirates state minister for AI Omar Sultan...

Ether ETFs May Boost ETH to $10K, but Approval Delayed Until 2025

While the ETF licensing procedure could take until 2025, it could be Ethers most important price catalyst. Spot Ether ETFs Could Drive ETH Price to $10,000 by End of 2024, Says Nexos Stoychev Legalizing spot Ether...

Solana Could Surge After Ethereum ETF Approval: Matrixport Co-founder Predicts

The broader cryptocurrency market has risen today due to speculation over the likely approval of the Spot Ethereum ETF by the US SEC. However, amid the euphoria, Matrixport co-founder Daniel Yans recent comments have...

Tesla's ‘Cybercab’ Robotaxi Interior Leaked in New Promotional Video

Tesla may have unintentionally leaked the interior of its highly anticipated Cybercab Robotaxi in a recent promotional video, sparking excitement and speculation. Teslas Robotaxi Vision Unveiled Over the past few...

Tron Founder Justin Sun's $2.5 Billion Ethereum Stash Sparks Investor Interest

Tron founder Justin Suns $2.5 billion Ethereum investment is stirring significant market interest, highlighting his confidence in the cryptocurrencys future. Justin Suns Ethereum Holdings Explained Tron founder...