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Swedish retail sales fall above expectations in July

Aug 28, 2018 13:11 pm UTC| Commentary

Swedish retail sales fell more than expected in July after dropping sharply in the prior month. On a year on year basis, retail sales in Sweden fell 1.2 percent, whereas it dropped 1 percent on a sequential basis. July...

Global Geopolitical leaders: Palestinian Authority leaders between rock and a hard place

Aug 28, 2018 12:35 pm UTC| Commentary

Times are tough for Palestinian Authority (PA) leaders and especially for President Mahmoud Abbas as the leaders popularity declines at home, amid tightening of the geopolitical screw by President Donald Trump of the U.S....

Singapore’s economic growth likely to moderate in H2 2018, MAS to continue policy normalization

Aug 28, 2018 12:23 pm UTC| Commentary

In the first half of this year, the Singaporean economy has grown 4.2 percent. Nevertheless, the economic growth is likely to ease in the second half of the year, owing to the less favourable base effects, noted ANZ in a...

Global Geopolitical Series: Pompeo pressured to condemn Saudi abduction of activists

Aug 28, 2018 12:07 pm UTC| Commentary

As the United States left Canada alone in its bitter feud with Saudi Arabia over the abduction of two female social activists by the Kingdom, American lawmakers have come forwarded in support. The feud was triggered after...

Cryptocurrency Brief: Bitcoin surges to 3-week high on renewed buying interest, altcoins follow suit, ETH/USD ditches the trend – Tuesday, August 28th, 2018

Aug 28, 2018 11:54 am UTC| Commentary Digital Currency Market Roundups Economy

BTC/USD: Bitcoin prices surged to a 3-week high during European session Monday as investors engaged in buying attitude across the board. A report from Ethereum World News confirmed that Tom Lee has predicted that BTC could...

Global Geopolitical Series: French President calls for independent EU military might to counter Washington’s influence

Aug 28, 2018 11:23 am UTC| Commentary

French President Emmanuel Macron once again pushed one of his top agenda, which is to build European Joint military force calling it a necessity of the current time as the European Union and the United States are drifting...

U.S. Treasuries tad lower ahead of 5-year auction, Q2 GDP

Aug 28, 2018 11:16 am UTC| Commentary Economy

The U.S. Treasuries remained tad lower Tuesday ahead of the countrys 5-year auction, scheduled to be held today by 17:00GMT. Also, the second-quarter gross domestic product (GDP), due to be released on August 29 by...

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Economy

India's Central Bank Holds Rates Amid Iran War Energy Shock

Indias Reserve Bank of India (RBI) is widely expected to maintain its benchmark repo rate at 5.25% this Wednesday, as policymakers carefully monitor the economic ripple effects of the ongoing Iran war. The conflict has...

Oil Crisis Escalates: Trump Threatens Iran as Strait of Hormuz Closure Pushes Prices Above $110

Oil prices briefly surged past $110 per barrel on Monday after President Donald Trump escalated military and diplomatic pressure on Iran, demanding the reopening of the Strait of Hormuz by Tuesday evening or face strikes...

Asian Currencies Waver as Dollar Holds Firm Amid Middle East Tensions

Asian currencies struggled to find clear direction on Monday as the US dollar remained resilient, with investors carefully weighing escalating geopolitical risks in the Middle East against emerging ceasefire diplomacy. The...

Bank of Japan Warns of Regional Economic Risks Amid Middle East Conflict and Rising Oil Prices

The Bank of Japan has raised concerns about the potential deterioration of regional economies, citing escalating oil prices and supply chain disruptions linked to ongoing conflict in the Middle East. In its latest...

India's Services Sector Growth Slows to 14-Month Low in March Amid Rising Costs

Indias services sector expanded at its slowest pace in 14 months during March, as the ongoing Middle East conflict weighed on domestic demand and cost pressures intensified sharply, according to the latest HSBC India...

Politics

Indonesia Files Genocide Case Against Myanmar's Min Aung Hlaing Over Rohingya Crisis

A coalition of civil society organizations filed a landmark criminal complaint in Indonesia on Monday against Myanmars newly elected President Min Aung Hlaing, accusing him of committing genocide against the Rohingya...

Ukrainian Drone Strikes Hit Novorossiysk, Injuring Eight and Cutting Power Across Russia

At least eight people, including two children, were injured Monday after Ukrainian drones struck Novorossiysk, a major Russian Black Sea port city. Local authorities confirmed that several residential buildings sustained...

Trump Endorses Steve Hilton for California Governor

Donald Trump has thrown his full support behind Steve Hilton, a Fox News host and former British government official, in Californias upcoming gubernatorial race. Announcing his endorsement on Truth Social, Trump expressed...

Iran-US Ceasefire Talks: Pakistan Brokers "Islamabad Accord" to Reopen Strait of Hormuz

Pakistan is playing a central role in high-stakes diplomatic efforts to end hostilities between Iran and the United States, with a proposed peace framework now on the table that could reopen the critical Strait of Hormuz...

Kim Jong Un's Daughter Emerges as North Korea's Likely Successor, South Korean Intelligence Says

South Koreas National Intelligence Service (NIS) has concluded that Kim Jong Uns teenage daughter, believed to be around 13 years old and named Ju Ae, is being actively positioned as the next leader of North Korea. Unlike...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

Technology

Britain Courts Anthropic Amid US Defense Department Dispute

The United Kingdom is actively working to attract Anthropic, the company behind the popular Claude AI app, to expand its footprint in the country. This diplomatic push comes as Anthropic finds itself in the middle of a...

OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO

OpenAI is navigating a significant leadership restructuring at one of the most pivotal moments in its history. The AI powerhouse confirmed that Chief Operating Officer Brad Lightcap is transitioning into a newly created...

Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions

Elon Musk is reportedly making Grok subscriptions a prerequisite for banks and advisers involved in SpaceXs highly anticipated initial public offering. According to the New York Times, citing insiders familiar with the...

MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown

A bipartisan group of U.S. lawmakers has unveiled the MATCH Act, a landmark piece of draft legislation designed to tighten export restrictions on advanced semiconductor manufacturing equipment destined for China. The...

Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push

Microsoft is set to pour approximately $10 billion into Japan between now and 2029, channeling funds into data center expansion and artificial intelligence infrastructure to meet the countrys growing demand for data...