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Briferendum Aftermath Series

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In an unexpected outcome, people of the United Kingdom voted in favor of leaving the European Union in June 23rd referendum. For so many months, we have kept our readers updated on the referendum through our "Briferendum Series". Now with the referendum in place, we can hardly call it an end, instead, it's a new beginning of an era of greater uncertainties. With this non-binding referendum, there are so many possible scenarios that may play out including a second referendum. In this series, we once again vow to keep our readers up to the minute as the path ahead unfolds.

Briferendum Aftermath Series

How to read Theresa May's Brexit speech

Jan 18, 2017 13:32 pm UTC| Insights & Views Politics

Almost seven months after the vote to leave the European Union, Prime Minister Theresa May has finally given some much needed clarity on how Brexit will happen. Or has she? May cast an optimistic tone on the vote to...

Briferendum Aftermath Series

Why Theresa May's Brexit speech spurred a sterling recovery – but don't get too excited

Jan 18, 2017 13:29 pm UTC| Insights & Views

The pound reacted positively to Theresa Mays Brexit speech, but dont let this give you the impression that it is good news for the UK economy. The bounce from around US$1.2150 to around $1.2380 at 5pm UK time on Tuesday is...

Briferendum Aftermath Series

Dear Theresa May: if you want partnership, there's nothing better than EU membership

Jan 18, 2017 13:18 pm UTC| Insights & Views

UK Prime Minister Theresa May has finally begun to elaborate on what she means by her mantra Brexit means Brexit. In a historic speech in London, May set out her 12-point plan for leaving the union. The trade-offs are...

Briferendum Aftermath Series

Briferendum aftermath Series: Key points from Theresa Mays Brexit speech

Jan 18, 2017 09:39 am UTC| Commentary

British Prime Minister Theresa May speaking to an audience at Londons Lancaster House confirmed that the United Kingdom is going to trigger Article 50 of the Lisbon treaty and move out of the European Union. She said that...

Briferendum Aftermath Series

Theresa May confirms it'll be a hard Brexit – here's what that means for UK trade

Jan 18, 2017 02:49 am UTC| Insights & Views Politics Economy

Today, Theresa May confirmed that the UK government intends to leave the EUs single market and customs union. The consequences of this decision from a trade perspective should not be underestimated. The single market...

Briferendum Aftermath Series

Briferendum Aftermath Series: Trumps Brexit outlook gift for Britain, nightmare for EU

Jan 17, 2017 07:57 am UTC| Commentary

In an interview with Michael Gove and German Newspaper Bild, the US President-elect Donald Trump slammed the European Union calling it a vehicle for Germany and congratulated Britain for exiting the Union. He also...

Briferendum Aftermath Series

Briferendum aftermath Series: Sterling volatility hits highest since Brexit referendum

Jan 17, 2017 07:22 am UTC| Commentary

With just hours to go to the UK Prime Minister Theresa Mays speech, which is scheduled at 11:45 GMT today, the implied volatility in the pound has hit the highest level since the Brexit referendum, which was held in the...

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Economy

Gold Prices Rise as Oil Slump Eases Fed Rate Hike Fears

Gold prices climbed on Tuesday as a sharp decline in oil prices eased inflation concerns and reduced expectations for additional Federal Reserve interest rate hikes. A softer U.S. dollar and renewed hopes for diplomacy...

Oil Prices Rise as U.S.-Iran Talks Fuel Diplomacy Hopes

Oil prices moved higher in Asian trading on Tuesday, snapping a four-session losing streak as investors assessed the possibility of renewed U.S.-Iran talks during this weeks United Nations General Assembly in New York....

Vietnam, US Trade Deal Could Be Signed Soon, To Lam Says

Vietnam and the United States have made positive progress in negotiations toward a new trade agreement, with a deal potentially ready to be signed soon, Vietnamese leader To Lam said, according to a government statement...

Canada Unveils Bill to Fast-Track Major Resource Projects

Canada unveiled draft legislation on Monday aimed at accelerating approvals for major natural resource and infrastructure projects, as Prime Minister Mark Carney seeks to strengthen economic growth and reduce the countrys...

Yen Weakens as Dollar Gains on Widening US-Japan Rate Gap

The Japanese yen remained under pressure against a firm U.S. dollar on Tuesday as traders focused on the widening interest rate gap between Japan and other major economies following a hawkish shift among global central...

Politics

Macron, Trump Discuss Ukraine-Russia Energy Strike Moratorium

French President Emmanuel Macron said Monday that he discussed potential measures with U.S. President Donald Trump aimed at securing a moratorium on energy-related attacks between Ukraine and Russia, as diplomatic efforts...

Burnham Eyes UK Leadership Role in AI Ahead of Trump Meeting

British Prime Minister Andy Burnham will push for the UK to take a global leadership role in artificial intelligence on Tuesday as he makes his first major appearance on the international diplomatic stage at the United...

US Plans Two New Military Bases in Greenland Under Arctic Deal

The United States plans to expand its military presence in Greenland by reopening a Cold War-era base in the south and establishing operations at another site on the islands east coast, according to people familiar with a...

US, Denmark and Greenland Set to Sign Arctic Security Deal

Denmark, Greenland and the United States are set to sign a new Greenland security agreement on Tuesday that could expand the US military presence while placing broader Arctic security under NATO oversight. The signing is...

UK, Mauritius Seek Diego Garcia Base Deal

British Prime Minister Andy Burnham has pledged to work with Mauritius and the United States to resolve the dispute surrounding the strategically important Diego Garcia military base in the Indian Ocean. Burnham spoke with...

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

US Northeast Airports Resume Operations After Telecom Outage Disrupts Thousands of Flights

US airport operations across the Northeast began returning to normal on Monday after crews repaired telecommunications problems that had disrupted air traffic and contributed to thousands of flight delays and cancellations...

OpenAI Urges US-Led Global Standards for Frontier AI

OpenAI is calling for the United States to lead an international effort to establish technical standards for advanced artificial intelligence, as concerns grow over increasingly capable AI systems and the prospect of...

Meta Partners With Shopify to Bring Shop Pay Checkout to Muse AI

Meta Platforms CEO Mark Zuckerberg announced a new partnership with Shopify aimed at bringing agentic shopping and checkout capabilities to Metas recently launched Muse artificial intelligence platform. Zuckerberg said...

SoftBank Launches $11 Billion Bond Sale to Fund OpenAI Investment

SoftBank Group Corp. has launched a major bond offering worth $10 billion and 1 billion to finance its latest investment in OpenAI, according to a term sheet released Monday. The Japanese technology investment group is...

Trump Plans Federal AI Force and AI Czar

U.S. President Donald Trump said Saturday that he plans to create a federal AI Force and appoint an artificial intelligence czar, outlining an effort to accelerate U.S. AI development while using existing laws to address...