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Philippine central bank keeps interest rate unchanged at 2 pct

Dec 17, 2020 17:02 pm UTC| Commentary

The Philippine central bank kept its overnight reverse repurchase rate on hold at 2 percent today, as expected. Governor Diokno noted the uplifted global business and consumer sentiment over the commencement of vaccine...

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...

U.S. vehicle sales fall again in November

Dec 02, 2020 16:44 pm UTC| Commentary

U.S. vehicle sales dropped for the second straight month in November. On a sequential basis, vehicle sales dropped 4.5 percent to 15.6 million units. Novembers reading is a bit below consensus expectations of a decline to...

Reserve Bank of India likely to stand pat in December

Dec 02, 2020 15:47 pm UTC| Commentary

The Indian central bank, Reserve Bank of India, is set to meet later this week. According to a DBS Bank research report, the RBI is likely to pause on rates. Soft growth but accelerating inflation has left policymakers in...

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

Dec 02, 2020 13:45 pm UTC| Commentary

Canadas employment data for the month of November is set to release this week. According to a TD Economics research report, the labor market rebound is likely to have stumbled in the month with the loss of 25k jobs as the...

Australian economic growth recovers strongly in Q3 2020

Dec 02, 2020 12:34 pm UTC| Commentary

The economic growth in Australia recovered strongly in the third quarter of this year. On a quarter-on-quarter basis, the economy grew 3.3 percent, following the contraction of 7 percent recorded in the second quarter. The...

Swedish economic sentiment indicator rises in November

Nov 26, 2020 12:59 pm UTC| Commentary

Swedish Economic Sentiment Indicator rose in the month of November, suggesting resilience. The indicator rose to 97.5 from 96. The consumer sentiment fell to 88.4 from 90, as was anticipated. For business sectors,...

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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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