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Wed, Dec 06, 2023 02:11 PM All times are UTC

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Currency War Series

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After several years of extremely loose monetary policy, the U.S. Federal Reserve intends to start tightening, for clear reasons, markets will remain focused on the crucial event, which is set to have a major impact on almost all asset classes. Economic data releases will provide clues to the robustness of economies- some of which are vulnerable to investment outflows as higher rates make U.S. assets more attractive. Emerging economies are already struggling to support currencies hit by Fed rate hike expectations and will lead to intensified currency wars further. In this exclusive series we will provide insightful analysis and views on central banks decisions, emerging markets currencies, Fed's tools for managing monetary cycle, investment outflows, including direct government intervention, the imposition of capital controls, and, indirectly, quantitative easing.

Currency War Series

Why the pound has shot up while UK economy is struggling

Jul 18, 2023 08:01 am UTC| Economy

When Liz Truss and Kwasi Kwartengs tax-cutting mini-budget triggered a UK debt crisis in autumn 2022, the pound plummeted to almost parity with the US dollar. In 2023 the UK has endured weak growth, falling productivity...

Currency War Series

Why US 'dollar doomsayers' could be wrong about its imminent demise

Jun 21, 2023 07:23 am UTC| Economy

The position of the US dollar in the global league table of foreign exchange reserves held by other countries is closely watched. Every slight fall in its share is interpreted as confirmation of its imminent demise as the...

Currency War Series

War in Ukraine might give the Chinese yuan the boost it needs to become a major global currency

Jun 03, 2023 03:29 am UTC| Economy

The Chinese economys sheer size and rapid growth are impressive. China maintained one of the highest economic growth rates in the world for more than a quarter of a century, helping lift over 800 million people out of...

Currency War Series

Brexit: UK pound has not crashed yet, but here's why it will probably suffer in years to come

Jan 14, 2021 04:56 am UTC| Investing

The Brexit deal has failed to have any major effect on the exchange rate of the pound since January 1. The pound has held steady against the US dollar at US$1.36 and has strengthened slightly against the euro to 1.12. This...

Currency War Series

Korean Won Weakens Sharply Due to Speculations About Kim Jong Un's Health

Apr 22, 2020 10:40 am UTC| Economy

The Korean won had fallen to a low of 1,241.15 against the US dollar Tuesday following unconfirmed reports that North Korean leader Kim Jong Un is gravely ill. The Korean won last fell to 1,229.59 per dollar. CNN...

Currency War Series

Currency manipulation and why Trump is picking on Brazil and Argentina

Dec 04, 2019 11:24 am UTC| Insights & Views Economy

President Donald Trump slapped new tariffs on Brazil and Argentina after accusing them of manipulating their currencies to boost exports. It wasnt the first time Trump has labeled another country a currency manipulator...

Currency War Series

Turkey’s homemade currency crisis has truly global implications

Aug 16, 2018 19:57 pm UTC| Insights & Views

Turkeys recently reelected president, Recep Tayyip Erdoğan, is blaming the sudden and dramatic decline of the Turkish lira on an international conspiracy, variously railing against an economic war and a currency plot. On...

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Economy

African countries lost control to foreign mining companies – the 3 steps that allowed this to happen

Within a few years of independence, African governments asserted sovereignty over their metal and mineral resources. Prior to this, the resources were exploited by European mining corporations. Since the 1990s,...

Canada’s Fall Economic Statement signals the ‘right to repair’ your tech devices

On Nov. 23, the Government of Canada released the 2023 Fall Economic Statement. In a bold move toward empowering consumers, reducing costs and promoting sustainability, the Canadian government has reiterated its commitment...

Governments have been able to overrule the Reserve Bank for 80 years. Why stop now?

Pay close enough attention to parliament these next few days, and youre likely to witness something truly remarkable: politicians from both sides of politics uniting to remove the power of politicians to overrule the...

Western Pharma Shifts Focus from China to India Amid Rising Geopolitical Tensions

Western drugmakers are increasingly turning to alternative sources for drug production and clinical trials, shifting their attention away from Chinese contractors. According to industry experts and executives, this...

What the UK government's back to work plan covers – and why it is unlikely to boost people's job prospects

Ahead of the UK governments latest economic statement, the chancellor, Jeremy Hunt, and the secretary of state for work and pensions, Mel Stride, unveiled a new employment support package dubbed the back to work...

Politics

Argentina's Brexit: why new president Milei is threatening to pull out of South America's common market

Javier Milei, who was elected as Argentinas new president on November 19, has promised to withdraw from the South American common market, Mercosur. This decision could have significant economic and social repercussions...

Government's preventative detention for ex-detainees who pose serious risks set to pass this week

The government on Wednesday will introduce its legislation to enable preventative detention of former immigration detainees judged to pose a high risk of committing serious violent or sexual crimes. The legislation will...

Silencing Sarah Jama diminishes Canadian democracy

Sarah Jama, the MPP for Hamilton Centre, is suing the Ontario government and Legislative Assembly after being censured in the legislature by members of the Progressive Conservative government. On Oct. 23, the Ontario...

Alleged assassination plots in the U.S. and Canada signal a more assertive Indian foreign policy

A recent indictment from the United States Department of Justice has alleged an Indian security official was involved in attempting to assassinate a U.S. and Canadian citizen in New York. The alleged target, Gurpatwant...

Henry Kissinger was a global – and deeply flawed – foreign policy heavyweight

Declarations of the end of an era are made only in exceptional circumstances. Henry Kissingers death is one of them. Kissinger was born into a Jewish family in Germany, and fled to the US in 1938 after the Nazis seized...

Science

Hyped and expensive, hydrogen has a place in Australia’s energy transition, but only with urgent government support

If you listen to the dreamers, hydrogen is the magical fuel of the future that can replace everything from the petrol in your car to the coal in a steelworks. Hype around hydrogen has been building in Australia since at...

Massive planet too big for its own sun pushes astronomers to rethink exoplanet formation

Imagine youre a farmer searching for eggs in the chicken coop but instead of a chicken egg, you find an ostrich egg, much larger than anything a chicken could lay. Thats a little how our team of astronomers felt when...

Do we live in a giant void? It could solve the puzzle of the universe's expansion

One of the biggest mysteries in cosmology is the rate at which the universe is expanding. This can be predicted using the standard model of cosmology, also known as Lambda-cold dark matter (ΛCDM). This model is...

MicroRNA is the master regulator of the genome − researchers are learning how to treat disease by harnessing the way it controls genes

The Earth formed 4.5 billion years ago, and life less than a billion years after that. Although life as we know it is dependent on four major macromolecules DNA, RNA, proteins and lipids only one is thought to have been...

How do crystals form?

How do crystals form? Alyssa Marie, age 5, New Mexico Scientifically speaking, the term crystal refers to any solid that has an ordered chemical structure. This means that its parts are arranged in a precisely...

Technology

WeMade to Set Up WEMIX Play Center in Dubai via Partnership with DIFC

Wemade Co., Ltd., a South Korean video game developer, secured a strategic partnership with the Dubai International Financial Centre Innovation Hub (DIFC). The company plans to build its WEMIX Play Center in Dubai with the...

Coinbase Enables Money Transfers via Telegram, WhatsApp, TikTok Links

Coinbase introduces a new service that will allow money transfers through links sent to popular messaging apps, including Telegram, WhatsApp, and TikTok. The crypto exchange platforms wallet offers new ways for users to...

AT&T Joins Forces with Ericsson for Open RAN, Ousting Nokia in US Telecom Boost

ATT Inc. is working on further advancing Open and Interoperable Radio Access Networks (RAN) in the United States. The company is planning to do this through its new partnership with Ericsson. The deal between ATT and...

Spotify Trims Workforce by 17%, Shares Surge Following Announcement

Spotify is terminating 17% of its workforce, which is equivalent to 1,500 jobs. This latest layoff is the third to hit the company this year. The Swedish music streaming provider revealed the new round of job cuts after...

Electric arc furnaces: the technology poised to make British steelmaking more sustainable

In a move to embrace sustainable steelmaking, British Steel has unveiled a 1.25 billion plan to replace two blast furnaces at its Scunthorpe plant with electric arc furnaces. This follows the UK governments commitment in...