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Global Geopolitical Series: U.S. slaps duties on plastic ribbons from China

Aug 01, 2018 08:51 am UTC| Commentary Economy

Yesterday, the U.S. Commerce Department concluded its preliminary investigations into imports of certain plastic decorative ribbon from China and it has found that exporters from China are selling the above-mentioned...

New Zealand’s Q2 employment report remains mostly robust, likely to provide relief to RBNZ: Westpac Research

Aug 01, 2018 08:37 am UTC| Commentary Economy Central Banks

Labour market conditions were generally firmer in the June quarter. Jobs growth was robust, though the unemployment rate ticked up slightly. With the economy moving closer to full capacity, the first signs of a stirring in...

Global Geopolitical Series: Iran skeptical of Trump’s offer to negotiate new agreement

Aug 01, 2018 08:19 am UTC| Commentary

Speaking alongside Italian Prime Minister Giuseppe Conte at a joint conference, President Trump announced that he would be willing to meet Iranian President Hassan Rouhani at any time and without preconditions. He added...

Fed likely to maintain target range at 1.75-2.00 pct at today’s meeting, says Danske Bank

Aug 01, 2018 07:27 am UTC| Commentary Economy Central Banks

The Federal Reserve is expected to maintain the target range at 1.75-2.00 percent at its upcoming monetary policy meeting, scheduled for later in the day, according to the latest research report from Danske Bank. No new...

New Zealand bonds end sloppy as investors shift toward riskier assets following ongoing U.S.-China trade discussions

Aug 01, 2018 06:25 am UTC| Commentary Economy

New Zealand bonds ended Wednesdays session on a choppy note as investors have started to shift away from safe-haven assets towards riskier counterparts, like oil and equities, following rise of slight optimism from the...

FxWirePro: Latest ‘GDPNow’ suggests U.S. economic out-performance to continue in third quarter

Aug 01, 2018 06:14 am UTC| Commentary Economy

Last weeks GDP report showed that the U.S. economy grew by 4.1 percent in the second quarter on an annualized basis, which was the highest pace of growth since 2014. The GDP growth beat the GDPNow forecast that predicted a...

Oil in Global Economy Series: Reuters’ survey suggests OPEC production up by 70,000 barrels in July

Aug 01, 2018 05:26 am UTC| Commentary

Reuters has released its July OPEC oil market production survey and it suggests that OPEC production is set for an increase to the tune of 70,000 barrels per day compared to the revised June production data (Reuters)....

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Economy

Wall Street Ends Lower as AI Selloff, Iran Tensions Weigh on Tech Stocks

Wall Street closed sharply lower on Friday, ending a two-week winning streak as investors sold technology shares amid a continued pullback in the artificial intelligence (AI) sector and renewed concerns over inflation...

Brent Oil Jumps 16% for Best Week Since April as US-Iran Conflict Fuels Supply Fears

Global oil prices posted their strongest weekly gains in months on Friday as the escalating conflict between the United States and Iran heightened concerns over global crude supply and shipping disruptions through the...

Trump Threatens Higher Canada Tariffs as Wildfire Smoke Sparks U.S. Air Quality Crisis

President Donald Trump has threatened to impose higher tariffs on Canada, blaming the country for worsening air pollution across the United States as smoke from hundreds of active Canadian wildfires spreads south of the...

AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software

The explosive rally in AI semiconductor stocks is showing signs of cooling as investors question lofty valuations and whether the massive spending on artificial intelligence infrastructure can continue at its current pace....

Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand

Malaysias economy expanded by 5.8% year-on-year in the second quarter of 2026, outperforming market expectations and highlighting the countrys resilience despite ongoing geopolitical uncertainties. According to advance...

Politics

US Launches New Strikes on Iran After Deadly Attack on American Troops in Jordan

The United States launched fresh airstrikes against Iran on Saturday after two U.S. service members were killed and another was reported missing following an Iranian attack in Jordan, according to U.S. Central Command. The...

Cuban Dissident Artist Luis Manuel Otero Alcántara Arrives in US After Prison Release

Cuban dissident artist Luis Manuel Otero Alcántara has arrived in the United States after completing a five-year prison sentence in Cuba, according to U.S. Secretary of State Marco Rubio. The announcement marks a...

Trump Administration Plans Grants to Back MAGA-Aligned Initiatives Overseas

The Trump administration is reportedly preparing a new package of foreign aid grants aimed at supporting MAGA-aligned initiatives across Europe and other regions, marking a significant shift in U.S. foreign policy...

Ontario Premier Doug Ford Slams Trump Over Canada Wildfire Smoke Criticism

Ontario Premier Doug Ford has strongly criticized President Donald Trump for blaming Canadas forest management for wildfire smoke that has spread across parts of the United States, calling the remarks absolutely...

Iran Expands Gulf Attacks as U.S. Strikes Intensify, Oil Prices Surge

Iran widened its military campaign against U.S. allies in the Gulf on Saturday after the United States carried out a seventh consecutive night of strikes on Iranian military targets, marking another escalation in the...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

DeepSeek Eyes $74 Billion Valuation Ahead of Planned China IPO

Chinese artificial intelligence startup DeepSeek is preparing a new fundraising round that could value the company at approximately 500 billion yuan ($74 billion) as it moves closer to a potential initial public offering...

SpaceX Eyes Pentagon AI Deal as Cloud Pricing Strategy Pressures CoreWeave

SpaceX briefly recovered some of its losses on Friday after a Wall Street Journal report said the aerospace company is negotiating a multi-billion-dollar agreement with the Pentagon to provide artificial intelligence...

Mikron H1 2026 Sales Fall 5.9% as Automation Weakness Weighs on Profit

Swiss automation and machining systems manufacturer Mikron Group AG reported lower first-half 2026 results as weaker demand in its Automation and Machining businesses offset strong growth in its Tool division. Despite the...

KAIST, Stanford Develop Self-Dressing Robot for Cleanrooms and Emergency Gear

Researchers from South Koreas Korea Advanced Institute of Science and Technology (KAIST) and Stanford University have developed an innovative self-dressing robotic technology that allows people to put on clothing without...

SpaceX Aborts Starship Test Flight as Engine Issue Delays Launch

SpaceX (NASDAQ: SPCX) called off the 13th test flight of its Starship rocket just minutes before its scheduled liftoff from its Texas launch site on Thursday after an engine-related issue triggered an automatic abort. CEO...