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Sun, May 05, 2024 03:33 PM All times are UTC

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US retail sales to rebound sharply on improved weather

Apr 14, 2015 06:22 am UTC| Commentary

US retail sales are poised to rise by an estimated 1.5% mom in March driven by improved weather conditions and by the earlier gains in real disposable income which have yet to be spent, according to Societe Generale...

Brazil's consumption outlook remains dim despite a mild spur in Q4

Apr 14, 2015 06:11 am UTC| Commentary

Brazils retail sales growth has averaged 0.4% yoy since mid-2014 and while sales growth in Q4 was better than that in Q3, it was largely pulled up by 2.2% yoy growth in October.In general, retail sales were nearly flat...

UK CPI inflation still avoiding a negative number

Apr 14, 2015 06:06 am UTC| Commentary

After the surprise fall in CPI inflation to precisely zero in February, and the prediction from the Bank of England in its February Inflation Report that "inflation ... will ... potentially turn negative in the spring" the...

Final March Italian HICP inflation to confirm flash estimates at -0.1% yoy

Apr 14, 2015 06:02 am UTC| Commentary

Flash March Italian HICP inflation fell by -0.1% yoy after its reading of 0.1% in February. Even though the energy component rose from -8.4% yoy to -6.5% yoy, adding 19bp to the headline numbers, and food prices added a...

Spanish final March HICP inflation seen at -0.7% yoy

Apr 14, 2015 06:00 am UTC| Commentary

The flash estimate of Spanish HICP inflation came in at -0.7% yoy, up from -1.2% yoy in February (2.0% mom).Markets were looking for a reading of -0.9% but some analysts see inflation sharply rebounding to -0.6%, on the...

Euro area industrial output to rise in February

Apr 14, 2015 05:56 am UTC| Commentary

Available national data accounting for 80% of global euro area industrial production points to a nice rebound in growth in February (0.9% mom, 1.1% yoy w.d.a.)."The carry-over for Q1 2015 also points to growth in...

Good momentum in Euro area, but ECB will continue with QE

Apr 14, 2015 05:40 am UTC| Commentary

European Central Bank (ECB) President Draghi is likely to note stronger euro-area survey data at Wednesdays post-meeting press conference. But ongoing negative headline CPI and weak core inflation (down to 0.6% y/y in...

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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

Crypto.com's F1 Sponsorship Expansion Sparks Global Visibility Drive

Crypto.com, one of the top exchanges in the digital currency ecosystem, is set to expand its sporting ad budget. Notably, the trading platform is looking to expand its dominance in its push for global...

Stablecoins Set to Overtake Visa, Ripple CEO Affirms XRP and ETH Not Securities

Stablecoins are poised to challenge Visas dominance in payment volume, marking a significant shift in the crypto landscape. Meanwhile, Ripple CEO Brad Garlinghouse asserts that XRP and Ethereum (ETH) are not securities,...

Justin Sun Dominates Swell L2 with 46% of Deposits in eETH

Justin Sun, founder of Tron, has again surged into the limelight, this time for his colossal cryptocurrency deposits. The crypto tycoon, utilizing the pseudonymous address 0x7a9…3095, recently funneled a staggering...

Leaked: New Huawei Luxeed SUV Images Fuel Anticipation for Tech Upgrades

Recently leaked photos allegedly showcasing the Huawei Luxeed SUV have ignited speculation over the vehicles advanced features and smart technology, potentially setting a new benchmark in the automotive...

Bitfinex CTO Deems Database Breach Claims 'Fake' Amidst Hacker Allegations

Bitfinexs Chief Technology Officer Paolo Ardoino has cast doubts on claims of a database breach by hacker organization FSOCIETY, branding the allegations as fake. Ardoino refuted the purported leak of 22,500 user emails...