Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Commentary

Thu, May 09, 2024 05:33 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

More headwinds for Singapore retail sales ahead

Mar 13, 2015 09:54 am UTC| Commentary

Singapores January retail sales came in weaker than expectations at -5.0% y/y (consensus: -0.1%), while less volatile ex-auto sales were weaker still at -8.7% y/y (consensus: -2.3%).While the weakness in y/y growth was...

U.S. sees slow growth in Q1 but outlook still solid

Mar 13, 2015 09:50 am UTC| Commentary

The latest stream of soft data from the US prompted economists at Danske Bank to revise down GDP growth forecast for Q1 to 1.7% q/q AR from 2.7% previously.For the year as a whole, they now expect GDP growth of 2.8%, down...

A lower inflation trajectory for India in 2015

Mar 13, 2015 09:44 am UTC| Commentary

India has experienced considerable disinflation in the past six months. A combination of better controls over food prices, lower commodity prices (including oil prices), persistent idle industrial capacity, and a stable...

U.S. natural gas prices see limited upside potential

Mar 13, 2015 09:38 am UTC| Commentary

Oil prices have meanwhile shed their mid-week gains again. Brent is trading at $57 per barrel and WTI at $47 per barrel. The still high oversupply, the record-high US stocks, the ongoing overhang of speculative long...

Can EUR rally on economic data alone?

Mar 13, 2015 07:10 am UTC| Commentary

Even though positive economic data are necessary for a sustainable EUR recovery, but they are not likely sufficient.The ECB has committed itself to 19 months of asset purchases and will keep going "until we see a sustained...

U.S. producer price probably rebounded in February

Mar 13, 2015 07:00 am UTC| Commentary

Powered by an energy-led rebound in goods costs, the Producer Price Index for final demand (PPI-fd) likely jumped by 0.7% in February, reversing all but a fraction of the larger-thanconsensus 0.8% decline recorded in the...

Brazil retail sales likely fell on an annual and monthly basis in January

Mar 13, 2015 06:55 am UTC| Commentary

January is usually a strong sales month for Brazil on a seasonal basis. However, the sharp rise in inflation in January along with the recent moderation in wages and the slight uptick in the unemployment rate are estimated...

5861 5862 5863 5864 5865 5866 5867 5868 5869 5870

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

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

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...

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

K9 Finance Joins Shibarium Puppynet, Unveils Major Bone Crusher Update

K9 Finance has unveiled significant upgrades to its Bone Crusher product and secured a spot on the Shiba Inus Shibarium Puppynet allowlist. This milestone marks a pivotal advancement in their decentralized finance (DeFi)...

House Overturns SEC Crypto Ban, Biden Threatens Veto Amid Regulatory Clash

In a significant bipartisan move, the U.S. House of Representatives voted to overturn the SECs Special Accounting Bulletin (SAB 121), which had barred banks from holding cryptocurrency assets. The resolution, facing a...

EU Seizes Two Tesla Cybertrucks at Belarus Border Amid Russia Smuggle Attempt

In striking enforcement of EU sanctions, Lithuanian authorities at the Salčininku border crossing with Belarus confiscated two Tesla Cybertrucks. These vehicles, not yet released in Europe, were suspected of being smuggled...

Sam Altman Warns: AI's Economic Impact Greater Than Anticipated

During a recent panel at the Brookings Institute, Sam Altman, CEO of OpenAI, expressed deep concerns about the rapid socioeconomic changes driven by AI technologies. Altman highlighted the potential for significant job...

Shiba Inu Insider Drops Major Shiba Eternity Update; Community Anticipates Enhancements

Shiba Eternity: Lucies Tease Unveils Play-to-Earn Features and Breeding Mechanics The Shiba Inu community is buzzing with excitement following a recent announcement from a critical team member about Shiba Eternity, as...