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Thu, Dec 26, 2024 01:21 PM All times are UTC

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Bank of England maintains Bank Rate at 0.75 pct, likely to be on hold in coming year

Dec 19, 2019 12:51 pm UTC| Commentary Central Banks

The Bank of England kept the Bank Rate on hold at 0.75 percent during todays meeting. Nevertheless, two external members, Haske and Saunders, voted for a rate cut. Their arguments were that the economy has been slightly...

Norges Bank keeps key interest rate on hold at 1.5 pct, likely to stand pat in near future

Dec 19, 2019 12:01 pm UTC| Commentary Central Banks

The Norwegian central bank, Norges Bank, kept the key interest rate on hold at 1.5 percent today, as was widely expected. The central bank adjusted the rate path somewhat down in the front end, suggesting lower likelihood...

UK gilts suffer despite disappointment in November retail sales; eyes on BoE’s policy decision

Dec 19, 2019 11:08 am UTC| Commentary Economy

The United Kingdoms gilts suffered during European trading hours Thursday even as investors faced disappointment in the countrys retail sales for the month of November, released today, while still eyeing the Bank of...

German bunds mixed in muted session ahead of January GfK consumer climate index

Dec 19, 2019 10:30 am UTC| Commentary Economy

The German bunds remained mixed during European session Thursday amid a silent trading day that witnessed data of little economic significance ahead of the countrys GfK consumer climate index for the month of January,...

Riksbank hikes policy rate by 25 bps

Dec 19, 2019 09:55 am UTC| Commentary Central Banks

The Swedish central bank, Riksbank, hiked the repo rate by 25 basis points to 0.0 percent, as was anticipated. Moreover, the central bank hinted that the repo rate will remain at zero for 2020 and 2021. The Riksbanks...

USD/MXN likely to climb back above the 19.00 mark, says Commerzbank

Dec 19, 2019 09:26 am UTC| Commentary Economy

The USD/MXN currency pair is expected to climb back above the 19.00 mark, with little scope for a sustainable recovery of the peso against the USD, according to the latest research report from Commerzbank. As a result...

Bank Indonesia keeps policy rate on hold at 5 pct, likely to cut by 25 bps in Q1 2020

Dec 19, 2019 09:20 am UTC| Commentary Central Banks

Bank Indonesia kept the 7-day reverse repo rate unchanged at 5 percent today, as was anticipated. Moreover, the central bank also kept its 2019 and 2020 growth, inflation and current account deficit forecasts the...

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Economy

Apple’s 2nm Chips Skip iPhone 17 as TSMC Prepares 2026 Launch for iPhone 18

Apple has decided to wait until 2026 to incorporate TSMCs 2nm chips into the iPhone 18. The move bypasses the iPhone 17, as TSMC works on scaling its production to meet industry demands and cut costs. Apple Expected to...

Alibaba Partners with E-Mart in $4 Billion Deal to Strengthen South Korean Online Retail Leadership

In a $4 billion agreement, Alibaba Group and E-Mart are merging their South Korean e-commerce platforms, forming a joint venture to take full ownership of Gmarket. The deal positions the companies to compete with top...

Xiaomi Expands EV Charging Access Across China With NIO, XPeng, and Li Auto Networks

Xiaomi has joined the EV charging networks of NIO, XPeng, and Li Auto, giving its customers access to over 29,000 stations across China. The move marks a strategic step in bolstering Xiaomis EV business amid growing...

BYD Contractor Rejects 'Slavery-like Conditions' Accusations in Brazil as Labor Controversy Deepens

Jinjiang Group, a contractor for BYD, has denied accusations of mistreatment at a Brazilian EV factory, calling them baseless and pointing to cultural misunderstandings as tensions grow over worker rights. Jinjiang Denies...

Japan Airlines Faces Cyberattack Disruption with Over 60 Delayed Flights and Canceled Domestic Routes

Japan Airlines experienced significant disruptions on Thursday as a cyberattack led to over 60 flight delays, including 11 international routes, and two domestic cancellations. The airline quickly resolved the network...

Politics

How will Donald Trump manage the transition between administrations?

As Donald Trump prepares to take office as the 47th President of the United States, the transition between administrations is under intense scrutiny. Trumps team has promised a seamless handover, but the highly polarized...

What is Donald Trump’s approach to dealing with past political controversies during his presidency?

Donald Trumps strategy for tackling past political controversies as he steps into his second term has become a central topic of national discourse. The former president, known for his unconventional approach to politics,...

How will Donald Trump restore confidence in his leadership in 2025?

Donald Trumps return to the Oval Office in 2025 has sparked widespread discussion about his plans to restore confidence in his leadership after a contentious first term and a polarizing election victory. With promises of...

What are Donald Trump’s immediate executive actions planned for January 2025?

Donald Trump is poised to enact several immediate executive actions upon his return to the White House in January 2025. The president-elect has made clear his intentions to reverse key Biden administration policies while...

How is Donald Trump preparing for his 2025 inauguration ceremony?

Donald Trump is reportedly planning a grand and highly publicized inauguration ceremony as he prepares to take office as the 47th president of the United States. The event, scheduled for January 20, 2025, is expected to...

Science

Public Health Experts Warn of ‘Quad-Demic’ as Flu, COVID, RSV, and Norovirus Threaten Winter Surge

Public health experts are raising alarms over a potential quad-demic this winter, with flu, COVID-19, respiratory syncytial virus (RSV), and norovirus all expected to surge simultaneously. This unprecedented convergence of...

Philippines' 'Missile Acquisition' Plan Provokes China's 'Arms Race' Warning

The Philippines has announced plans to acquire the U.S.-developed Typhon missile system to bolster its maritime defense capabilities. This decision has elicited strong reactions from China, which warns that such a move...

Christmas Eve Asteroid' to Skim Past Earth at 14,743 mph Tonight, NASA Warns

NASA has announced that an asteroid, comparable in size to a 10-story building, will make a close approach to Earth on Christmas Eve. The space rock, designated 2003 SD220, is expected to pass by our planet at a speed of...

Emergency Declared as Bird Flu 'Spreads' to California Dairy Cows

California Governor Gavin Newsom has officially declared a state of emergency in response to the rapidly escalating bird flu outbreak. The declaration comes after avian influenza was detected in dairy cows, a rare and...

Missing Radioactive Material in New Jersey Sparks Panic — Are Drones ‘Hunting for It’?

A small amount of radioactive material went missing in New Jersey earlier this month, raising concerns over public safety and potential security risks. The U.S. Nuclear Regulatory Commission (NRC) confirmed on December 2,...

Technology

Nintendo Switch 2 Reveal Rumors Explode as Countdown Ending January 8 Fuels New Leaks

Nintendo Switch 2 speculation reaches new heights with a countdown set for January 8 and leaked dock images circulating online. Fans are eager but cautious as the buzz around the anticipated reveal grows. Weibo Leaker...

Sam Altman Says Superintelligence Will Ignite a 10X Boom in AI Breakthroughs Transforming the Future of Innovation

Sam Altman envisions a world where superintelligence propels AI innovation 10x faster than expected, transforming global progress and redefining humanitys future. Early Arrival of AGI Sparks Debate The most noteworthy is...

South Korea Eyes $13.9 Billion KSMC Project to Outpace TSMC and Reinvent Semiconductor Innovation

South Korea is developing KSMC with a $13.9 billion investment to challenge TSMC and foster innovation across its semiconductor ecosystem. KSMC Proposal Aims to Strengthen South Koreas Semiconductor Sector Korea...

Microsoft Steps Back from OpenAI Dependency in 365 Copilot with New AI Models Integration Strategy

Microsoft is reshaping its AI strategy for 365 Copilot by integrating in-house and third-party models, easing its reliance on OpenAI due to cost and speed concerns for enterprise users, according to sources. Microsoft...

BYD Factory in Brazil Faces Investigation as Chinese Workers Found in 'Slavery-like Conditions'

Brazilian officials discovered 163 Chinese workers in slavery-like conditions at a BYD factory construction site in Bahia. Workers faced withheld passports, long hours, and unsafe environments, sparking an ongoing...