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Sat, Apr 27, 2024 08:43 AM All times are UTC

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NZ GDP and Current Account Q4 2014 preview

Mar 11, 2015 03:16 am UTC| Commentary

Thr GDP for the December quarter was expected to have an 0.7% increase, with the risks more to the downside.The expected slowdown in the pace of GDP growth compared to September is not as substantial as it might seem, as...

Australian housing finance down 3.5% in January 2015

Mar 11, 2015 03:00 am UTC| Commentary

Australian housing finance approvals to owner occupiers fell 3.5% in Jan more than reversing a 2.7% rise in January.That was weaker than the expected 2 decline although it should be noted that seasonal adjustment issues...

The Westpac–Melbourne Institute Index of Consumer Sentiment declines in March

Mar 11, 2015 02:56 am UTC| Commentary

The Westpac-Melbourne Institute Index of Consumer Sentiment declined by 1.2% in March from 100.7 in February to 99.5 in March.Some softening in sentiment was always likely in March given the big lift last month following...

USD rallies to multiyear peaks againsts EUR, JPY as central banks moves eyed

Mar 10, 2015 20:46 pm UTC| Commentary

The dollar index, which measures the greenback against a basket of major currencies, hit its highest since September 2003 EUR/USD falls below $1.07 for first time in nearly 12 years USD hits nearly 8-year peak against...

UK Jan industrial production figures may disappoint

Mar 10, 2015 18:29 pm UTC| Commentary

While lower oil prices should help to revive the manufacturing sector this year, Jans figures may disappoint. Industrial production (09.30 GMT) fell by a monthly 0.2% in Dec.This was partly due to a decline in mining and...

Brokerage market turmoil adds volatility to HUF asset prices

Mar 10, 2015 18:19 pm UTC| Commentary

The National Bank of Hungary (NBH) today offered more details about losses discovered at three local brokers. The total amount of potential losses exceeds HUF 315bn, which is equivalent to EUR 1.0bn or 1% of GDP.UniCredit...

US oil production to peak in the middle of this year

Mar 10, 2015 17:46 pm UTC| Commentary

The sharp fall in the number of rigs drilling for oil in the US has been the focus of many headlines over the last few weeks amid speculation about what fewer rigs means for US shale oil production.Indeed, US shale oil...

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Economy

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...

Why is the London Stock Exchange losing out to the US

London Stock Exchange (LSE), which can trace its heritage to the coffee houses of the 17th century, is failing. The volume of shares traded is sharply declining, and some UK companies are swiftly moving to the US...

Why Germany ditched nuclear before coal – and why it won’t go back

One year ago, Germany took its last three nuclear power stations offline. When it comes to energy, few events have baffled outsiders more. In the face of climate change, calls to expedite the transition away from fossil...

What if the Reserve Bank itself has been feeding inflation? An economist explains

Heres something for the board of the Reserve Bank of Australia to ponder as it meets next month to set interest rates. It has pushed up rates on 13 occasions since it began its attempt to restrain inflation in May...

Politics

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Turkey’s suppression of the Kurdish political movement continues to fuel a deadly armed conflict

The world has 91 democracies and 88 autocracies. Yet 71% of the worlds population (some 5.7 billion people) are living under autocratic rule, a big jump from 48% ten years ago. This trend towards authoritarianism can...

Georgia is sliding towards autocracy after government moves to force through bill on ‘foreign agents’

Georgias ruling party attempted to pass a controversial bill on foreign agents in March 2023. The law would have required civil society groups and the media to register as being under foreign influence if they receive...

Science

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,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

DJI Faces Possible US Ban by Congress, Echoing Concerns Over TikTok and China

Congress is poised to include DJI in the FCCs list of banned technologies under the Secure and Trusted Communications Networks Act, highlighting similar US security concerns as those with TikTok. Congressional Action to...

OpenAI CEO Sam Altman and Other AI Leaders Join Federal Safety Board, Pledge to Protect Children Online

Sam Altman of OpenAI and executives from Microsoft, Google, and Nvidia have joined a new government AI safety board. This initiative, part of a broader effort to regulate AIs deployment in critical sectors, coincides with...

Mainland China Investors Blocked from Accessing New Hong Kong Bitcoin ETFs

Despite launching new Bitcoin and Ether ETFs in Hong Kong, mainland Chinese investors remain sidelined due to longstanding cryptocurrency bans in their home country. Spot Bitcoin and Ether ETFs Launch in Hong Kong, But...

SHIB Price Climbs as Shibarium Upgrade Sparks Optimism Among Investors

The Shiba Inu cryptocurrency surged over 4% on April 26, buoyed by executive enthusiasm for the forthcoming Shibarium upgrade to enhance the platforms functionality and security. Shibarium Upgrade Fuels Market Optimism,...

China Investigates Digital Yuan Architect Yao Qian Amid CBDC Concerns

Yao Qian, a pivotal figure behind Chinas digital yuan, is under investigation for alleged misconduct, casting uncertainty on the future of Chinas CBDC initiatives. Probe into Yao Qian Shakes Foundations of Chinas...