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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

Briferendum Aftermath Series: Labour party election turns into exit vs. remain

Jul 22, 2016 10:02 am UTC| Commentary

The majority of the Labour Partys members of the Parliament (MPs) who voted against Jeremy Corbyn in the no-confidence vote have rallied behind one single candidate Owen Smith in their bid to oust current leader Jeremy...

Briferendum Aftermath Series

Briferendum Aftermath Series: Philip Hammond gives first ever direct hint of fiscal support

Jul 22, 2016 08:51 am UTC| Commentary

The United Kingdoms chancellor of exchequer gave first ever direct signal that the government is considering to provide fiscal stimulus in the wake of the referendum vote on June 23rd that led to themajority of the voters...

Briferendum Aftermath Series

Briferendum Aftermath Series: What kind of approach should you take while analyzing Brexit?

Jul 22, 2016 06:34 am UTC| Commentary

As a trader or investor, we are quite sure that you are aware of what needs to be done, still, the requirements are so essential that we feel it is worth repeating. The most important thing is to have an open mind,...

Briferendum Aftermath Series

Briferendum Aftermath Series: France and Ireland jointly call for quick trigger of Article 50

Jul 21, 2016 12:04 pm UTC| Commentary

At a joint press conference in Dublin, the Taoiseach of Ireland Enda Kenny and French president Francois Hollande urged British Prime Minister Theresa May for a quick trigger of the Article 50 exit clause which would...

Briferendum Aftermath Series

Briferendum Aftermath Series: Theresa May gets on with her third task at hand

Jul 21, 2016 09:15 am UTC| Commentary

Britains new Prime Minister Theresa May is moving at a lightning speed or at least much faster than most of us had expected and rightly so. The biggest risk the UK economy is the uncertainties and the best to way to clear...

Briferendum Aftermath Series

Briferendum Aftermath Series: Policy-makers are debating the unknowns Article 50

Jul 21, 2016 08:32 am UTC| Commentary

There are so many unknowns and so much of confusions with regard to Article 50 that policymakers in the UK are literally debating what to do and how to do it. This is such an unprecedented event and since no one could...

Briferendum Aftermath Series

Post-Brexit, Australia's best option is a trade pact with EU

Jul 21, 2016 02:50 am UTC| Insights & Views

Brexit already brings much economic damage to the UK, and will do so to global economic growth as a whole. The UKs coveted AAA credit rating has now been downgraded by Standard Poors; uncertainty is hitting sharemarkets;...

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Economy

Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows

Malaysias central bank has announced new measures to support the ringgit after the currency weakened more than 4% in June, driven largely by foreign investor caution and expectations of higher U.S. interest rates. Bank...

Bessent Says U.S. Must Strengthen Supply Chains and Economic Security

U.S. Treasury Secretary Scott Bessent said the Trump administration is focused on strengthening supply chain resilience to protect critical industries from economic disruptions, pandemics, geopolitical conflicts, and...

South Korea Remains MSCI Emerging Market Despite Reform Progress

South Korea will remain classified as an emerging market by MSCI after the global index provider decided not to upgrade the country to developed market status in its latest market accessibility review released on Tuesday....

South Korea’s KOSPI Rebounds as Samsung and SK Hynix Lead Tech Stock Recovery

South Koreas benchmark KOSPI index staged a strong recovery on Wednesday, climbing 3.4% to 8,480.21 points after suffering a sharp sell-off in the previous session. The rebound was driven largely by gains in major...

Australia Inflation Cools in May, But Core CPI Keeps RBA Rate Hike Risks Alive

Australias inflation rate eased more than expected in May, offering signs that price pressures may be gradually cooling and strengthening the case for the Reserve Bank of Australia (RBA) to keep interest rates unchanged in...

Politics

US Senate Approves War Powers Resolution Urging Trump to End Iran Military Action

The U.S. Senate has approved a war powers resolution directing President Donald Trump to halt U.S. military involvement in Iran, marking a significant congressional challenge to the administrations foreign policy. The...

Crimea Power Outage After Ukrainian Drone Attack, Russian Authorities Say

Power supplies were disrupted in Sevastopol, the largest city in Russian-annexed Crimea, following what local Russian-installed authorities described as a Ukrainian attack on energy infrastructure. Mikhail Razvozhayev, the...

Cait Conley Wins Democratic Nomination, Sets Up Key House Battle Against Mike Lawler in New York

Cait Conley, a U.S. Army veteran and former national security official, has secured the Democratic nomination to challenge Republican Congressman Mike Lawler in New Yorks highly competitive 17th Congressional District. The...

U.S. Eases Iran Team Travel Restrictions Ahead of Seattle World Cup Match

The United States has relaxed travel restrictions for Irans national soccer team ahead of its upcoming FIFA World Cup match in Seattle, allowing the squad to enter the country two days before kickoff instead of just one...

Peru Election Dispute Deepens as Roberto Sanchez Rejects Runoff Results

Perus presidential election dispute intensified on Tuesday after leftist candidate Roberto Sanchez announced that he would not recognize the outcome of the tightly contested presidential runoff, alleging electoral fraud...

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 AI Model Uncovers Vulnerabilities in Classified U.S. Government Systems During Security Test

Anthropics advanced artificial intelligence model identified vulnerabilities in classified U.S. government computer systems during a recent security testing exercise, according to a report by the Associated Press citing a...

Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan

Samsung Electronics shares rallied sharply on Wednesday after a report suggested the company could launch a substantial share buyback program worth nearly 90 trillion won ($59 billion) over the next three years. The...

SK Hynix Moves Closer to New York ADR Listing Amid AI Chip Boom

South Korean memory chip giant SK Hynix is reportedly preparing to take a major step toward a U.S. market debut by filing documents for an American Depositary Receipt (ADR) offering with South Koreas financial regulator....

Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock

Cerebras Systems delivered a strong revenue outlook for 2026 that exceeded Wall Street expectations, but investors remained cautious as the companys profit margin forecast highlighted the challenges of competing with AI...

SpaceX Stock Rebounds After Sharp Selloff, But Valuation Concerns Persist

SpaceX (NASDAQ: SPCX) recovered modestly on Tuesday, closing 0.9% higher at $156.06 after briefly falling below its post-IPO opening price during intraday trading. The stock touched a low of $147.11, slipping beneath the...