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Sat, Aug 22, 2026 10:41 PM All times are UTC

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Singapore Raises 2026 GDP Growth Forecast to 4.5%-5.5% as AI Boom Fuels Economy

Aug 11, 2026 02:10 am UTC| Economy

Singapore has sharply upgraded its 2026 economic growth forecast, citing stronger global artificial intelligence investment, resilient external demand and a less severe economic impact from the Middle East conflict than...

Gold Price Hits Two-Month High as Investors Await US Inflation Data

Aug 11, 2026 01:48 am UTC| Economy

Gold prices extended their rally on Tuesday, climbing to their highest level in more than two months as strong investor demand, safe-haven buying and bullish momentum outweighed pressure from higher U.S. Treasury yields, a...

Yen Stabilizes After Intervention Slide as Australian Dollar Hits Eight-Week High

Aug 11, 2026 01:47 am UTC| Economy

The Japanese yen steadied against the U.S. dollar on Tuesday after suffering a sharp decline in the previous session, as the impact of the recent joint U.S.-Japan currency intervention continued to fade. Meanwhile, the...

Singapore Raises 2026 GDP Growth Forecast as AI Demand Fuels Economy

Aug 11, 2026 01:05 am UTC| Economy

Singapores economy delivered stronger-than-expected growth in the second quarter of 2026, prompting the government to significantly raise its full-year GDP forecast as booming global demand for artificial...

England Drought Expands to 71% as Heatwave Deepens Water Crisis

Aug 11, 2026 00:19 am UTC| Economy

Nearly three-quarters of England is now experiencing drought conditions as prolonged heat and exceptionally low rainfall put increasing pressure on water supplies, agriculture and wildlife, the British government said...

Gold Prices Rise as Fed Rate Hike Bets Ease

Aug 11, 2026 00:09 am UTC| Economy

Gold prices extended their strong rally on Monday as weak U.S. employment data reduced expectations for further Federal Reserve interest rate hikes, while investors turned their attention to upcoming U.S. inflation...

S&P 500, Nasdaq Slip as Oil Jumps on Iran Tensions

Aug 11, 2026 00:04 am UTC| Economy

U.S. stocks ended Monday slightly lower as renewed uncertainty over the Middle East conflict pushed oil prices higher and weighed on technology shares. The SP 500 and Nasdaq Composite declined as investors grew less...

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Economy

China opens new Arctic trade route – but obstacles will prevent its wider use

Sea Legend, a Chinese shipping line, recently announced it was launching a regular container service between China and Europe via the Arctic. The announcement follows a trial crossing in 2025 that saw a container ship...

US Dollar Heads for Worst Week Since July as Fiscal Concerns Mount

The U.S. dollar was on course Friday for its steepest weekly decline since late July as mounting fiscal concerns and unusual Treasury market intervention weighed on investor confidence. The U.S. Dollar Index, which...

Gold Prices Hit Three-Month High as Dollar Weakens

Gold prices surged to a three-month high on Friday and headed for strong weekly gains as a weaker U.S. dollar and mounting concerns over Treasury yields and government debt boosted demand for the precious metal. Spot gold...

Wall Street Ends Higher as Crypto Stocks and Materials Rally

Wall Street closed higher on Friday as gains in materials and cryptocurrency-related stocks helped offset renewed pressure from rising U.S. Treasury yields and elevated oil prices. The SP 500 gained 0.4% to finish at...

US Debt Tops $40 Trillion as Global Borrowing Costs Surge

U.S. government debt has surpassed $40 trillion for the first time, highlighting growing fiscal pressures as major economies face rising spending demands from ageing populations, defence, climate change and higher interest...

Politics

NATO Facilitates Allied Talks on Strait of Hormuz Navigation

NATOs top military commander convened a videoconference this week to help interested allies coordinate potential contributions aimed at protecting freedom of navigation in the Strait of Hormuz, while stressing that the...

Prince Harry, Elton John Ordered to Pay £9.54 Million in Daily Mail Legal Costs

Britains Prince Harry, singer Elton John and other prominent figures have been ordered to make a 9.54 million ($12.7 million) interim payment toward the legal costs of Daily Mail publisher Associated Newspapers after...

EU’s Von der Leyen Condemns Israel’s E1 West Bank Settlement Plan

European Commission President Ursula von der Leyen on Friday strongly criticized Israels decision to issue construction tenders for the controversial E1 residential development in the occupied West Bank, adding to growing...

Trump Administration Moves to Strip ABA of Law School Accreditor Status

The U.S. Department of Education moved on Friday to revoke the American Bar Associations longstanding recognition as the official accreditor of U.S. law schools, escalating tensions between President Donald Trumps...

Prince Harry Faces Potential Multi-Million-Pound Legal Bill in Daily Mail Case

Prince Harry could soon learn how many millions of pounds he and other claimants must pay toward the legal costs of the publisher of the Daily Mail after losing a high-profile privacy lawsuit. On Friday, London High Court...

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

29 US states are suing Meta. What might it mean for the rest of the world?

This week, a trial commenced in the United States that could drastically change how Facebook and Instagram operate globally. The trial in Oakland, which is expected to last six weeks, pits 29 US states against the two...

Want to muck around with a real quantum computer? Now you can

Quantum computers are expected to transform many facets of science and industry over the next decade or so but its very hard for most potential users to get their hands on one to find out what they can actually do with...

Anthropic IPO Could Challenge SpaceX’s Record $86 Billion Offering

Anthropic is reportedly considering an initial public offering that could rival or surpass SpaceXs record-breaking IPO, potentially making the artificial intelligence company responsible for the largest public share sale...

Samsung Shares Rise on $72 Billion Shareholder Return Plan

Samsung Electronics shares climbed on Friday following reports that the South Korean technology giant is preparing a shareholder return package potentially exceeding 100 trillion won ($72 billion). Samsungs board is...

Alibaba Shares Fall as AI Spending Hits Profit

Alibaba shares dropped nearly 3% in Hong Kong trading on Friday after the Chinese technology giant reported a steep decline in quarterly profit, as aggressive artificial intelligence investment weighed on earnings and cash...