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Tue, Apr 23, 2024 11:04 PM All times are UTC

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Swedish economy likely to have rebounded sharply in Q3 2020

Nov 03, 2020 13:07 pm UTC| Commentary

Swedish economic growth data for the third quarter is set to release this week. According to a Nordea Bank research report, the GDP is likely to have rebounded sharply in the September quarter. In the previous quarter, GDP...

Gold eases as investors await the U.S. elections

Nov 03, 2020 07:56 am UTC| Commentary

Gold prices declined after rising nearly 1 percent in the previous session, as caution set in ahead of the U.S presidential elections. Spot gold was trading 0.3 percent down at $1,889.24 per ounce by 0734 GMT, having...

Euro area’s manufacturing growth rebounds further in October, PMI index rises to 54.8

Nov 02, 2020 14:20 pm UTC| Commentary

Euro areas manufacturing sectors growth saw a further rebound in October, showed the IHS Markit Eurozone Manufacturing PMI. The headline figure rose to 54.8 from Septembers 53.7. Todays figure was the best recorded by the...

Indonesian headline inflation remains stable in October, BI likely to keep policy rate unchanged

Nov 02, 2020 13:09 pm UTC| Commentary

Indonesias headline inflation was widely stable in the month of October. On a year-on-year basis, the consumer price inflation came in at 1.44 percent, a slight acceleration from Septembers 1.42 percent. Todays figure...

Gold gains amid U.S. election jitters, rising coronavirus cases

Nov 02, 2020 07:46 am UTC| Commentary Investing

Gold prices surged, extending previous session gains as caution crept in ahead of U.S. presidential elections on Tuesday, although a resilient dollar capped gains. Spot gold rose 0.2 percent to $1,882.62 per ounce by...

German economy grows strongly in Q3 2020

Oct 30, 2020 12:57 pm UTC| Commentary

The German economy grew strongly in the third quarter. On a quarter-on-quarter basis, the GDP rose 8.2 percent, as compared with consensus expectations of 7.3 percent. The German economy has made up for nearly two-thirds...

Swedish economic confidence index rises further in October

Oct 28, 2020 15:25 pm UTC| Commentary

The Swedish Economic Sentiment Indicator rose further in the month of October, suggesting a solid rebound before the second wave of COVID-19 in Europe. The Economic Sentiment Indicator rose to 96.3. The consumer sentiment...

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Economy

The idea that US interest rates will stay higher for longer is probably wrong

The 0.4% rise in US consumer prices in March didnt look like headline news. It was the same as the February increase, and the year-on-year rise of 3.5% is still sharply down from 5% a year ago. All the same, this modest...

Impact of Iran-Israel conflict on Stocks, Gold and Bitcoin

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation,...

Japan Posts 7.7% Growth in Machinery Orders

In a striking development that looks set to invigorate Japans economic prospects, a key gauge of capital spending in the country has seen its most significant jump in over a year. According to Cabinet Office data released...

Why Africa can be the beating heart of South Korea’s technology industry

Tshepo Ncube, Head: International Coverage and Bhavtik Vallabhjee, Head: Power, Utilities Infrastructure at Absa CIB reflect on their recent visit to South Korea, examining why investors in the region have their eyes set...

How cuts to marginal income tax could boost the UK’s stagnant economic growth

The British prime minister recently claimed the UK economy has turned a corner. Rishi Sunak said inflation figures were encouraging, and proclaimed that 2024 would be the year Britain bounces back. According to his...

Politics

US Commerce Secretary Asserts Huawei Chip Lag, Affirms Export Control Success

In an interview on CBS News 60 Minutes, Commerce Secretary Gina Raimondo stated that the latest Huawei Mate 60 Pro phones chip remains significantly behind U.S. technology despite being the most advanced from China. She...

Putin’s Russia: first arrests under new anti-LGBT laws mark new era of repression

Just over three decades after Russia decriminalised homosexuality in 1993, three people have been arrested and charged under the countrys harsh new anti-LGBT laws and could face ten years in prison for membership of an...

Nvidia RTX 4090D Embroiled in US-China Tech Rivalry; South Korea Navigates Chip Export Dilemma

The U.S. government has tightened export restrictions on high-performance semiconductor chips to China, including the Nvidia RTX 4090D, and is urging South Korea to enforce similar curbs, marking a significant escalation...

Canada needs a national strategy for homeless refugee claimants

One year after the federal government closed Roxham Road, refugee claims in Canada continue to increase: there were 143,785 in 2023 compared to 91,730 in 2022. The surprise announcement in March 2023 to modify Canadas...

Who will Trump pick as his running mate?

Being second in line for leadership of the most powerful country in the world is not an easy job. But for Mike Pence, vice president under Donald Trump, things were even harder than usual. As insurrectionists descended...

Science

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...

If life exists on Jupiter’s moon Europa, scientists might soon be able to detect it

Europa is one of the largest of more than 90 moons in orbit around the planet Jupiter. It is also one of the best places to look for alien life. Often termed an ocean world by scientists, observations to date strongly...

Exploding stars are rare but emit torrents of radiation − if one happened close enough to Earth, it could threaten life on the planet

Stars like the Sun are remarkably constant. They vary in brightness by only 0.1% over years and decades, thanks to the fusion of hydrogen into helium that powers them. This process will keep the Sun shining steadily for...

Technology

New Crypto Whale Snags 237.8 Billion SHIB Following Key Shiba Inu Blockchain Announcement

Shortly after Shiba Inu announced securing $12 million for a new layer-3 blockchain project, a new whale acquired 237.8 billion SHIB, stirring the crypto community and fueling speculation about the coins future. Massive...

Crypto.com's Launch in South Korea Stalled by AML Regulatory Concerns, Postponement Announced

Crypto.com has delayed its much-anticipated launch in South Korea after an emergency inspection by local regulators revealed issues with its anti-money laundering measures, forcing the cryptocurrency exchange to reassess...

Coca-Cola, Microsoft Forge $1.1B Alliance for Cloud and AI Innovation

The Coca-Cola Company and Microsoft Corp. have joined forces in a $1.1 billion deal to leverage Microsoft Cloud and AI technologies, aiming to streamline operations and spark worldwide innovation. Strategic Partnership...

Korean Military Considers iPhone Ban, Samsung Exempt for Security Reasons

The South Korean military is considering banning iPhones from defense installations over concerns that their voice recording feature could compromise security, whereas Samsung phones are approved for use. Potential...

Shiba Inu Reveals How SHIB Army Can Earn TREAT Token in New Blockchain Ecosystem

The Shiba Inu ecosystem has outlined multiple ways for its community, the SHIB Army, to earn the upcoming TREAT token as part of their engagement with the new layer-3 blockchain, empowering users with greater participation...