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U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

Nov 23, 2020 14:12 pm UTC| Commentary

The flash PMI indices for the U.K. released today indicated an overall decline in business activity in November, ending a run of four straight months of growth, and in line with the possibility of the U.K. economy...

Australian private new capital expenditure likely fell further in Q3 2020 - ANZ

Nov 23, 2020 13:12 pm UTC| Commentary

Australian private new capital expenditure is expected to have dropped further by 1 percent on a quarter-on-quarter basis in the third quarter of 2020, noted ANZ in a research report. Private new capital expenditure had...

U.S. existing home sales rise above expectations in October

Nov 19, 2020 18:38 pm UTC| Commentary

Existing home sales in the U.S. surged above expectations in the month of October. Sales grew 4.3 percent to 6.85 million units, as compared with a modest pullback to 6.46 million. This is the fifth straight monthly gain...

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...

U.K.’s headline inflation accelerates in October, likely to remain below 1 pct until Q1 2021

Nov 18, 2020 14:46 pm UTC| Commentary

U.K.s headline inflation accelerated surprisingly in the month of October. The consumer price inflation came in at 0.7 percent year-on-year, an acceleration from Septembers 0.5 percent. Upward influences were seen...

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...

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Economy

UK inks stopgap trade deal with Canada to get ready for Brexit

The UK signed a stopgap agreement with Canada, allowing trade between the two countries to continue under the same terms as Canadas existing treaty with the EU. The two countries are working on a new bilateral...

UN agency's heavy fuel oil ban in Arctic criticized as outrageous

The Clean Arctic Alliance criticized as outrageous the UN agency International Maritime Organizations (IMO) ban on the use and carriage of heavy oil fuel (HFO) by ships in Arctic waters as it would come into effect only in...

Vietnam only Southeast Asian country poised for economic growth this year: IMF

Vietnam is the only Southeast Asian country identified by the International Monetary Fund (IMF) to be on track for economic growth this year, forecast at 2.4 percent. The IMF attributed the countrys decisive steps to...

S. Korea card spending up 6.3% during November shopping festival

Card spending in South Korea on Nov. 1 to 15 when the annual nationwide shopping festival FESTA was held amounted to 37.4 trillion won, rising 6.3 percent from a year earlier. The shopping festival drew a total of 1,784...

US to add 4 more in list of Chinese military-backed firms

The Trump administration is poised to designate four more Chinese companies as backed by its countrys military, curbing their access to US investors. The designations would increase the number in the list of Communist...

Politics

Ivanka Trump and Jared Kushner shunned from New York: Report

Ivanka Trump and Jared Kushner were told not to return to New York where they originally reside prior to Donald Trumps win in the presidential election in 2016. It was reported that analysts predicted the couple is no...

Joe Biden win in Georgia certified by governor and secretary of state

During the recent presidential elections, the state of Georgia was flipped to blue with Joe Biden garnering more votes than Donald Trump. Despite Trumps desperate attempts to overturn the election in his favor, Georgias...

Donald Trump defends US withdrawal from Paris Climate Accords at G20 Summit

With less than two months left in office, Donald Trump has rarely been seen in public following his election loss to Joe Biden and refusal to concede. Trump recently reiterated his reasons for withdrawing the US from the...

Melania Trump unveils a sculpture installation at the White House

With her time as first lady coming to an end by January, first lady Melania Trump is making more additions to the White House. Melania recently unveiled a sculpture installation in the revamped Rose Garden. The first...

Science

NASA discovery: Hubble Space Telescope captures 'cinnamon bun' shaped galaxy 31 million light-years away

Galaxies tend to look very similar to one another but only vary in size. NASA and ESAs Hubble Space Telescope has captured one galaxy that has an unusual shape 31 million light-years away. The Hubble found an...

Mars mission: Elon Musk says first settlers on Red Planet will live in glass domes

One of the goals when it comes to the upcoming Mars missions is to colonize the neighboring planet. SpaceX CEO Elon Musk recently stated that those who would become the first settlers on the red planet would have to live...

NASA discovery: Origins of Blue Ring Nebula finally uncovered

Certain phenomena in space tend to go unanswered for a while and it can stay unsolved, at least it could be said for the Blue Ring Nebula. However, NASA was able to solve its origins after 16 years of remaining a...

COVID-19 cure: Mouthwash may kill coronavirus in saliva, according to new study

To this day there has yet to be a cure that is made widely available all over the world as firms are still undergoing more tests for a possible cure or vaccine for COVID-19. While frequent hand washing is key to prevent...

Technology

‘Assassin’s Creed Valhalla’: What are the crafting materials and where to find them

Assassins Creed Valhalla is one of the most anticipated games of the year, and it was finally released this month. While some avid gamers may have already achieved significant progress in the game, some might still need...

OnePlus 9 release date is reportedly set for March 2021

The first round of leaks for the OnePlus 9 series emerged online recently showing that a major redesign on its rear cameras could be anticipated. Meanwhile, OnePlus is also reportedly eyeing a much earlier release date for...

Huawei HarmonyOS 2.0 could be compatible with close to 50 devices

Huaweis HarmonyOS, also known as the Hongmeng operating system, is expected to launch on smartphones in the future. While a clear timeline is not available at this point, a supposed list of eligible devices has emerged...

‘Nioh’ remastered release date is confirmed with free upgrades on PlayStation 5

It is not a surprise that a game series such as Nioh is getting a remastered release on PlayStation 5, especially since the original versions were not available on other consoles except PS4. However, fans will still be...

iPhone 13 devices could have battery-efficient LTPO display making 120Hz refresh rate more likely

If there was one feature that Apple fans wished to see in the iPhone 12 series, it was the adoption of a 120Hz refresh rate for the display. While that did not happen in 2020, recent reports on possible iPhone 13 specs...
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