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Wed, May 08, 2024 02:08 AM All times are UTC

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Czech Republic's March data point to robust GDP growth

May 13, 2015 12:23 pm UTC| Commentary

March data for the Czech Republic have rounded off a very strong first quarter. Retail sales (excluding cars) improved by a handsome 2.5% qoq in Q1 15, an even better result than Q4 14s +2.1%.There were also positive...

France posts strong GDP growth, weak employment

May 13, 2015 09:54 am UTC| Commentary

Frances GDP grew by 0.6% q/q in Q1, a better-than-expected outcome (consensus: 0.4% q/q). This is the largest quarterly increase in GDP since Q2 13 and the second-largest in four years. The carryover for 2015 annual growth...

UK wage growth picking up as unemployment falls

May 13, 2015 09:40 am UTC| Commentary

The continued strong performance of the UKs labour market highlights that consumers will remain the main drivers of theeconomic recovery in 2015 and that the risk of near-zero inflation becoming ingrained is very...

France posts stronger private consumption but investment still declining

May 13, 2015 08:05 am UTC| Commentary

With 0.6% q/q, French GDP came in above expectations (0.4%). However, numbers for Q3 and Q4 2014 were revised down. In Q1, GDP was driven by final domestic demand (+0.5%). Private consumption accelerated on the back of...

German growth disappointing on the surface but okay underneath

May 13, 2015 07:56 am UTC| Commentary

Preliminary growth in Germany at 0.3% q/q was only half the rate expected. The structure of growth, however, was broadly as expected. There is no detailed GDP breakdown yet, but the statistical office indicated that...

In India, RBI likely to be on hold next month

May 13, 2015 07:16 am UTC| Commentary

The RBI will continue to focus on inflation rather than the IP data as it prepares itself for the forthcoming policy meeting in June. It would rather wait for a few more data points before making the next move.For the RBI,...

Reforms and not conducive monetary policy key to improvement in Indian economic activity

May 13, 2015 07:14 am UTC| Commentary

For an economy whose recovery remains wobbly, a weak IP data under normal circumstances ought to have resulted in an easing monetary policy stance.However, for India, the weak investment climate rather than tight monetary...

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Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Politics

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

Binance CEO Discloses $150 Million Bribe Amidst Tensions with Nigerian Government

Binance, the renowned cryptocurrency exchange, disclosed that Nigerian government authorities demanded a staggering $150 million in bribes to quell legal actions against its executives, igniting a fierce dispute between...

Hong Kong Central Bank Leads Initiative to Explore Asset Tokenization Advancements

The Hong Kong Monetary Authority (HKMA) has spearheaded the formation of a specialized community to explore asset tokenization. Partnering with various industry players and regulators, this initiative seeks to drive...

Shiba Inu Lead Shytoshi Kusama Unveils Mysterious 'Evita' Teaser, Sparking Frenzy

Shytoshi Kusama, the elusive figure at the helm of the renowned cryptocurrency Shiba Inu (SHIB), has set tongues wagging with a cryptic teaser shared across social media platforms. The enigmatic message features the word...

Amazon Opens Online Shopping for South African Customers

Amazon has finally arrived in South Africa. With its launch in the region, Jeff Bezos e-commerce platform is expected to compete with the leading local online shopping player, Takealot.com. The American e-commerce giant...

Apple Embarks on AI Chip Development for Data Center Capabilities

Apple Inc. is set to transform the tech landscape with its newly developed AI chip, tailored specifically for data center operations. Dubbed Project ACDC, this initiative marks a significant leap in server technology,...