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Tue, Sep 29, 2026 04:00 PM All times are UTC

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Economic Data Watch - Monday, 5th September, 2022

Sep 05, 2022 04:24 am UTC| Economy

Time (GMT) Event Forecast Previous 0700 Swiss GDP (YoY) (Q2) 3.0% 4.4% 0700 Swiss GDP (QoQ) (Q2) 0.4% 0.5% 0715 Spanish Services PMI...

Rent crisis? Average rents are increasing less than you might think

Sep 05, 2022 04:23 am UTC| Economy Real Estate

You wouldnt know it from the pages of our daily newspapers, but the rate of growth in rents has been pretty modest. Not everywhere, not for everyone, but for most Australians who rent. According to the most recent...

Only South Africa's elite benefits from black economic empowerment -- and COVID-19 proved it

Sep 05, 2022 04:23 am UTC| Insights & Views Economy

More than two decades ago the South African government put in place a policy designed to redress racial imbalances in the countrys economy. But, as I suggest in a recent paper, the policy known as broad-based black...

Hino Motors cancels plan to produce trucks in Russia

Sep 04, 2022 23:46 pm UTC| Business Economy

Hino Motors has canceled its plan to produce trucks in Russia and will sell an assembly plant under construction in the country. Toyotas truck subsidiary stated that the decision was made after reexamining its overseas...

Cherry flavor added to Pepsi Max offerings in the UK

Sep 04, 2022 23:37 pm UTC| Life Economy Business

SodaStream is adding a Pepsi Max Cherry flavor to its range of sparkling drink mixes in the UK, which will roll into Amazon on September 5, followed by John Lewis, Asda, and Sainsburys later this month. One 440ml bottle...

S. Korea's imports of recreational water leisure Items up 74%

Sep 04, 2022 23:24 pm UTC| Life Sports Economy Business

South Koreas imports of recreational water leisure items increased 73.8 percent year on year to $59 million during the January to July period. This figure was the highest since the coronavirus started spreading in...

Volvo shutting its plant in China due to new COVID-19 restrictions

Sep 03, 2022 04:17 am UTC| Business Economy

Volvo Cars announced the temporary closure of its production plant in Chengdu, China as the region is in lockdown again. The officials have implemented new strict protocols to control the spread of the coronavirus...

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Economy

RBA Hikes Interest Rate to 4.60% as Inflation Risks Rise

The Reserve Bank of Australia raised interest rates by 25 basis points on Tuesday, taking borrowing costs to their highest level in nearly 15 years as policymakers respond to persistent inflation and rising energy prices....

Asian Stocks Fall as Bond Yields and Oil Prices Surge

Asian stock markets fell broadly on Tuesday as surging U.S. Treasury yields, elevated oil prices and renewed pressure on technology shares dampened investor sentiment. Markets also awaited the Reserve Bank of Australias...

Asian Currencies Mixed as Yen Weakens, RBA Hike Looms

Asian currencies traded mixed on Tuesday, with the Japanese yen weakening toward recent lows as investors weighed intervention risks and the Bank of Japans policy outlook. The U.S. dollar remained near a two-month high,...

Gold Holds Near Seven-Week Low as Fed Rate Hike Bets Rise

Gold prices stabilized near a seven-week low on Tuesday after plunging 4% in the previous session, as elevated oil prices, rising U.S. Treasury yields and expectations for further Federal Reserve rate hikes continued to...

U.S. Stock Futures Steady as AI, Rate Concerns Weigh

U.S. stock futures were little changed Monday evening after Wall Street fell under pressure from elevated Treasury yields, concerns about slowing artificial intelligence development and persistent geopolitical tensions...

Politics

White House Blames Democrats as CLARITY Act Stalls

The White House and Republican Senator Cynthia Lummis have blamed Senate Democrats for the CLARITY Acts failure to advance, escalating partisan tensions over landmark U.S. cryptocurrency legislation. The Senate voted 49-50...

US Troops Set to Complete Iraq Withdrawal as Iran Influence Grows

US forces are expected to withdraw from their remaining bases in Iraq by Wednesday, completing a departure agreed in 2024 and raising concerns over Irans expanding influence and the potential resurgence of Islamic State....

Malaysia Begins Deportation of 1,500 Myanmar Nationals

Malaysia began deporting about 1,500 Myanmar nationals on Tuesday under a repatriation programme that has drawn objections from the United Nations and human rights organisations over safety concerns in conflict-hit...

Trump Denies Offering Iran Sanctions Relief for Nuclear Concessions

U.S. President Donald Trump on Monday denied reports that his administration had offered Iran sanctions relief and access to frozen funds in exchange for concessions on Tehrans nuclear program. This is untrue. I offered...

Rubio Warns Cuba to Change Course as US Pressure Mounts

U.S. Secretary of State Marco Rubio said Washington hopes Cuba will pursue a different path, warning that Cuban officials should not expect to simply wait out President Donald Trumps administration without making changes....

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Anthropic Targets $2 Trillion Valuation in Planned IPO

Anthropic is preparing for a highly anticipated initial public offering that could value the artificial intelligence company at more than $2 trillion, putting investor enthusiasm for the booming AI sector and its massive...

Samsung Invests $1 Billion in KKR’s Helix AI Infrastructure

Samsung Electronics and five affiliates are investing a combined $1 billion in Helix Digital Infrastructure, a new artificial intelligence infrastructure company backed by investment firm KKR, as Samsung expands deeper...

CSL Partners With AWS to Bring AI Into Drug Research

CSL has entered into a partnership with Amazon Web Services (AWS) to integrate artificial intelligence and cloud computing across its research and clinical development operations, aiming to accelerate drug discovery and...

OpenAI Scraps GPT-6.1 Astra Launch Over Safety Concerns

OpenAI has canceled the planned release of GPT-6.1 Astra after internal testing raised concerns about the artificial intelligence models safety, alignment and ability to stay within authorized boundaries. The...

Pi Network Price Holds $0.087 as Protocol 28 Mainnet Upgrade Nears

Pi Network price traded around $0.0886 on September 28 as investors looked ahead to the Protocol 28 Mainnet upgrade scheduled for October 16. PI remained below the key $0.10 level amid broader weakness across the...