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The RBA wants to cut unemployment, and nothing — not even soaring home prices — will stand in its way

May 09, 2021 09:21 am UTC| Economy Central Banks

Ahead of the definitive official read of the economy from the treasury in the budget on Tuesday, the Reserve Bank has given us two special insights into its own thinking in the space of 14 hours. They suggest that...

The Bank of Canada must seize the pandemic moment and do more for Canadians

May 09, 2021 09:17 am UTC| Economy Central Banks

The Bank of Canada, like central banks around the world, is currently facing enormous upheaval and uncertainty due to the enduring COVID-19 pandemic. Will its leadership seize the moment as an opportunity to innovate...

Bank Indonesia keeps key interest rate on hold at 3.75 pct

Dec 17, 2020 12:57 pm UTC| Commentary Central Banks

The Indonesian central bank stood pat today, maintaining the policy rate at 3.75 percent. Bank Indonesia maintained its growth projections at -1 percent to -2 percent for 2020, and 4.8 percent to 5.8 percent for the next...

Philippine central bank cuts key policy rate by 25 bps, likely to further cut rates in 2021

Nov 19, 2020 17:30 pm UTC| Commentary Central Banks

The Philippine central bank, BSP, lowered its overnight reverse repurchase rate by 25 basis points to 2 percent. The curt was linked to unfavourable external and domestic factors, such as elevated global uncertainty,...

Bank Indonesia lowers interest rate by 25 bps to 3.75 pct, unlikely to cut further

Nov 19, 2020 16:25 pm UTC| Commentary Central Banks

Indonesian central bank lowered its key policy rate by 25 basis points to 3.75 percent. Todays cut is the first since July. The decision to cut rate reflects a desire to help the economic rebound and comes on the back of a...

Bank of Thailand keeps key policy rate on hold at 0.50 pct

Nov 18, 2020 12:30 pm UTC| Commentary Central Banks

The Thai central bank stood pat today during its meeting, as expected. In a unanimous decision, the policy rate was kept on hold at 0.50 percent. This meeting was the first under Governor Sethaput SuthiwartNarueput and the...

5 ways the Reserve bank is going to bat for Australia like never before

Nov 04, 2020 00:17 am UTC| Economy Central Banks

The most important of the five measures the Reserve Bank announced on Tuesday is the one that wont whirr into place for a very long time. Others start immediately. On Thursday the bank will wade into the market and...

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Economy

KFC rolling out new packaging for a makeover

KFC or Kentucky Fried Chicken will be unveiling its new packaging to give itself a bit of makeover. The world-famous fried chicken restaurant chain stated that the packing is an upgrade to modernize the companys...

Samsung Biologics contradicts claims of Pfizer vaccine production

Samsung Biologics contradicted reports that it will be producing Pfizers coronavirus vaccine. There were news going around saying the South Korean biotechnology company headquartered in Incheon is set to start the...

Xiaomi: US reverses Trump's order and removed the Chinese electronics company from blacklist

Xiaomi was included in the U.S. governments blacklist last year during Donald Trumps leadership. The Chinese electronics company suffered big losses after it was banned in the country. Trumps administration cited...

Amazon emerged victorious in its $303M EU tax case

Amazon was declared the winner in a tax legal battle where the EU ordered it to pay Luxembourg the amount of 250 million or around $303 million in back taxes. The win for the American retail giant is said to be a big blow...

Politics

Donald Trump accuses Joe Biden of lack of support for Israel amid ongoing violence in region

During his presidency, Donald Trump was known to have good relations with Israeli Prime Minister Benjamin Netanyahu. Amidst the ongoing violence happening in Israel and Palestine, Trump accused his successor Joe Biden of...

Kamala Harris reaffirms US relations with Tunisia in phone call with President Kais Saied

Vice President Kamala Harris got in touch with another world leader this week. Harris spoke with Tunisian President Kais Saied, reaffirming the ties between the two countries. The White House released a readout of...

Nancy Pelosi says House Democrats want child tax credit expansion permanent

One of the provisions found in President Joe Bidens American Families Plan was to expand the child tax credit until 2025. House Speaker Nancy Pelosi recently revealed that House Democrats are looking to make this provision...

Liz Cheney voted out of House GOP leadership position

Wyoming Rep. Liz Cheney is among the Republicans that have or still are drawing the ire of former President Donald Trump including his allies in Congress. This week, Cheney was voted out of her leadership position by her...

Science

Space tourism – 20 years in the making – is finally ready for launch

For most people, getting to the stars is nothing more than a dream. On April 28, 2001, Dennis Tito achieved that lifelong goal but he wasnt a typical astronaut. Tito, a wealthy businessman, paid US$20 million for a seat...

First human-monkey embryos created – a small step towards a huge ethical problem

Scientists have created the worlds first monkey embryos containing human cells in an attempt to investigate how the two types of cell develop alongside each other. The embryos, which were derived from a macaque and then...

Lab–grown embryos and human–monkey hybrids: Medical marvels or ethical missteps?

In Aldous Huxleys 1932 novel Brave New World, people arent born from a mothers womb. Instead, embryos are grown in artificial wombs until they are brought into the world, a process called ectogenesis. In the novel,...

Antimatter: scientists find way to trap elusive material by blasting it with lasers

Antimatter is believed to play a huge part in the story of our universe. Its the counterpart to matter: identical in every way with protons, neutrons and electrons but with an opposite electric charge. According to our...

Shifting toward 'open peer review'

Twenty years ago, it was difficult to find information about local restaurants, except from the restaurants themselves. Now, thanks to the Internet, independent evaluations are easy to find. Its past time we make that the...

Technology

Sega wants Atlus to aim for simultaneous worldwide release dates

It is not strange for video games developed in Japan to have staggered release dates in different parts of the world. However, Sega recently said one of the factors that made Yakuza 6: The Song of Life very successful was...

‘Overwatch 2’ livestream and developer AMA planned in May

New details about Overwatch 2 is about the flood the internet in the coming weeks. Blizzard Entertainment has recently confirmed there will be two separate events later in May where video game fans will hear more about the...

HTC Vive Pro 2 launches with 5K resolution on June 4

The new VR headsets from HTC Vive have been recently announced, but they will not launch for a few weeks. As expected, the company unveiled two devices, one for consumer-level use and another for business purposes but...

Android 12 beta 1 could be launched during Google I/O 2021

Google has released the Android 12 developer preview 3 in late April, and that means the first public beta of the operating system update is next to launch. While a specific date is not yet known, there are speculations...

WhatsApp defies German agency’s ban on its new privacy policy

A German data protection agency ruled it is blocking WhatsApps highly controversial privacy policy changes. However, the Facebook-owned messaging app says the update will still roll out. WhatsApp defies German data...
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