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Fri, Mar 27, 2026 10:42 AM All times are UTC

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U.S. second estimate Q2 GDP growth slightly revised down to 2 pct

Aug 29, 2019 17:05 pm UTC| Commentary

The revisions to U.S. real GDP growth in the second quarter were quite minimal. The economic growth was downwardly revised by one tick to 2 percent from 2.1 percent in the advance estimate, resulting from an upward...

German headline inflation rate eases in August, likely to pick up in long-term

Aug 29, 2019 14:14 pm UTC| Commentary

German inflation rate dropped more strongly than anticipated in August. On a year-on-year basis, the headline inflation slowed to 1.4 percent in August from Julys 1.7 percent, owing to slower rise in energy prices. Energy...

Swedish economic sentiment indicator falls further in August, GDP likely to drop in coming quarter

Aug 29, 2019 13:02 pm UTC| Commentary

The Swedish economic sentiment indicator (ESI) dropped further in the month of August. The index fell to 94.9, much below its historical average. The indicator has dropped for four straight months. The consumer sentiment...

Italian industrial turnover and order indices fall in June

Aug 29, 2019 12:21 pm UTC| Commentary

Italian seasonally adjusted industrial turnover index dropped 0.5 percent sequentially in June. The domestic market index dropped 1.2 percent, while the non-domestic market index rose 0.5 percent. In the second quarter,...

U.S. Treasuries plunge ahead of Q2 GDP, 7-year auction

Aug 29, 2019 12:15 pm UTC| Commentary Economy

The U.S. Treasuries plunged during Thursdays afternoon session ahead of the countrys gross domestic product (GDP) for the second quarter of this year, scheduled to be released today by 12:30GMT, besides, the 7-year...

Norwegian economic growth recovers in Q2 2019, Norges Bank likely to hike rates in September

Aug 29, 2019 11:51 am UTC| Commentary

Norwegian economic growth recovered in the second quarter as expected following the temporary weak first quarter. This underpins Norges Banks view for a September hike. The mainland GDP grew 0.7 percent, close to consensus...

German bunds suffer despite disappointment in August unemployment; eurozone CPI in focus

Aug 29, 2019 09:53 am UTC| Commentary Economy

The German bunds suffered during European trading session Thursday even as the countrys unemployment data for the month of August disappointed market sentiments. However, investors shall now eye the eurozones consumer...

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Economy

India Slashes Fuel Taxes: A Ten-Rupee Relief Amid Global Energy Turmoil

Effective March 26, 2026, the Indian government made a decisive fiscal action by significantly lowering the Special Additional Excise Duty (SAED) on motor fuels. This change in policy lowers the tax on gasoline from INR 13...

France's 2025 Budget Deficit Shrinks More Than Expected, Easing Fiscal Pressure

France made stronger-than-expected progress on its public finances in 2025, with the national budget deficit falling to 5.1% of GDP a notable improvement from 5.8% recorded in 2024 and well ahead of the governments own...

Oil Prices Slip as Trump Extends Iran Ceasefire Deadline Amid Ongoing War Fears

Global oil prices were on course for a weekly loss on Friday after U.S. President Donald Trump granted Iran a 10-day extension before threatening to strike its energy infrastructure, offering markets a brief reprieve ...

Asian Stocks Rebound as Trump Delays Iran Strike Deadline

Asian equity markets staged a partial recovery on Friday after U.S. President Donald Trump postponed a planned military strike on Iranian energy infrastructure, extending the deadline by over ten days while signaling...

Google's TurboQuant Sends South Korean Chip Stocks Tumbling Amid AI Memory Demand Fears

South Korean equities took a sharp hit Friday as mounting concerns over reduced artificial intelligence memory demand dragged the KOSPI index to its lowest point in more than two weeks. The benchmark fell nearly 3% to...

Politics

Lavrov Claims U.S. Seeks Control Over Damaged Nord Stream Pipelines

Russian Foreign Minister Sergei Lavrov has accused the United States of pursuing dominance over the Nord Stream gas pipelines in the Baltic Sea, which were severely damaged by underwater explosions in September 2022. The...

Chinese Universities with PLA Ties Found Purchasing Restricted U.S. AI Chips Through Super Micro Servers

Procurement records reveal that four Chinese universities, two of which have direct ties to the Peoples Liberation Army, acquired Super Micro Computer servers loaded with restricted Nvidia AI chips over the past year. The...

U.S. Praises Kurdistan's Role in Oil Markets Amid Iran War Fallout

U.S. Secretary of State Marco Rubio held a significant diplomatic call Thursday with Kurdistan Regional Government Prime Minister Masrour Barzani, signaling Washingtons commitment to regional energy stability as conflict...

Russia Accused of Helping Iran Target U.S. Forces, European Powers Tell G7

European nations have formally accused Russia of providing military intelligence and drone technology to Iran to help target American forces in the Middle East, raising the issue directly with U.S. Secretary of State Marco...

Trump Signs Executive Order to Pay TSA Workers Amid Airport Security Crisis

President Donald Trump announced Thursday that he will sign an executive order directing Homeland Security Secretary Markwayne Mullin to ensure Transportation Security Administration (TSA) employees receive their pay,...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Federal Judge Blocks Pentagon's Blacklisting of AI Company Anthropic

A federal judge has temporarily prevented the Pentagon from enforcing its designation of Anthropic as a national security supply-chain risk, dealing an early blow to the Trump administration in a growing dispute over...

SMIC Allegedly Supplies Chipmaking Tools to Iran's Military, U.S. Officials Warn

Chinas top semiconductor manufacturer, SMIC (Semiconductor Manufacturing International Corporation), has reportedly been transferring chipmaking equipment to Irans military industrial complex, according to two senior Trump...

Google's TurboQuant Algorithm Sends Memory Chip Stocks Tumbling

Major memory chipmakers took a significant hit on Thursday after Google researchers introduced a groundbreaking compression algorithm that threatens to reduce artificial intelligence demand for memory chips. Samsung...

Reflection AI Eyes $25 Billion Valuation in Massive $2.5 Billion Funding Round

Nvidia-backed artificial intelligence startup Reflection AI is in advanced discussions to secure $2.5 billion in fresh funding, with negotiations pointing to a staggering pre-money valuation of $25 billion, according to a...

Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement from Sandisk and Cisco

Shares of Taiwan-based memory chip manufacturer Nanya Technology soared to their daily limit of 10% on Thursday morning following the companys announcement of a major $2.5 billion private placement deal backed by prominent...