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Fri, Dec 27, 2024 02:56 AM All times are UTC

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Swedish jobless rate rises above expectations in November

Dec 12, 2019 12:21 pm UTC| Commentary

Swedish jobless rate rose in the month of November, coming in above expectations. Unemployment rose to 7.3 percent due to surprisingly high labour supply. The numbers are noisy but imply that the situation on the labour...

Digital Currency Revolution Series: Solarisbank’s Subsidiary Intends To Launch Custody Services For Crypto Assets

Dec 12, 2019 05:34 am UTC| Research & Analysis Digital Currency Insights & Views Commentary

German-based, SolarisBank, which is a fintech company has formed a subsidiary to offer a custody solution for the crypto-assets. 100% subsidiary of Berlin-based, Solaris Digital Assets GmbH willoffertheir clients with...

Brazilian central bank likely to further cut interest rate by 50 bps

Dec 11, 2019 17:42 pm UTC| Commentary

The Brazilian central bank is set to meet later today for its last monetary policy meeting of 2019. According to a Commerzbank research report, the Brazil Central Bank is expected to further lower its key interest rate by...

Czech economic growth likely to remain slightly below 3 pct, headline inflation to stay high

Dec 11, 2019 13:46 pm UTC| Commentary

The Czech economy had grown 0.4 percent quarter-on-quarter and 2.5 percent year-on-year in the third quarter. Among GDP components, the most significant remained household consumption, mostly because of the solid labor...

Swedish CPIF inflation accelerates in November, Riksbank likely to hike interest rates next week

Dec 11, 2019 11:39 am UTC| Commentary

Swedish CPIF inflation came in line with Riksbank in the month of November. On a year-on-year basis, the CPIF inflation accelerated to 1.7 percent from prior months 1.5 percent. Excluding energy, CPIF inflation came in at...

Blockchain Revolution Series: Spanish Banking Giant Santander Pilots Ethereum-Powered Bond Redemption

Dec 11, 2019 07:36 am UTC| Research & Analysis Digital Currency Insights & Views Commentary

When it comes to Blockchain as budding technology and cryptocurrencies as evolving currency system, then it comes forward as the most probable solutions to get rid of bottleneck situations and innovative operations in...

FxWirePro: Asian markets mixed, gold stabilizes above $1,460 mark

Dec 11, 2019 05:21 am UTC| Commentary

All the major Asian indices were trading on a mixed note on Wednesday. Gold was trading around $1,463 mark while silver was trading around $16.61 mark. Japans Nikkei was trading 0.16 pct lower at 23,372.50...

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Economy

Tokyo Inflation Gains Heat as January Rate Hike Expectations Build Around BOJ Policy Moves

Inflation in Tokyo surged in December, climbing to 2.4 percent as price pressures widened. With the Bank of Japans January policy meeting looming, markets are speculating on whether a further rate hike is on the horizon...

Samsung Brings Galaxy Ring 2 and AR Smart Glasses to Galaxy Unpacked 2025 With S25 Series

Samsung is shaking up the tech world at Galaxy Unpacked 2025, unveiling the Galaxy S25 Series, the advanced Galaxy Ring 2, and its cutting-edge AR Smart Glasses. This bold lineup promises a fresh leap into wearable...

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...

Politics

Trump Flirts With Idea of Wayne Gretzky for Canada PM Suggests 'He'd Win Without Even Campaigning'

As President-elect Donald Trump prepares for his return to the White House in 2025, he has recently caused a stir by floating the idea of hockey legend Wayne Gretzky running for prime minister of Canada. This unexpected...

Elon Musk Reveals Shocking Weight-Loss Secret Calls Himself Ozempic Santa and Stuns Fans

On Christmas Day, billionaire Elon Musk shocked his followers by sharing a revealing post about his weight-loss journey. Known for his outspoken personality, Musk posted a photo of himself dressed as Santa Claus on X,...

Fox Host Apologizes to John Fetterman Calls Him My Favorite Senator After Shocking Change of Heart

Fox News host Jesse Watters has taken the unexpected step of putting Pennsylvania Senator John Fetterman on his nice list, surprising viewers with an apology for his past criticism. The conservative pundit, known for his...

Most Obamacare Applicants Live in Trump-Voting States Raising Concerns for the GOP

The Affordable Care Act (ACA) remains a vital healthcare source for millions of Americans, with a surprising number of participants hailing from states that voted for Donald Trump in the 2024 presidential election. As of...

Marianne Williamson Vows to Rebuild DNC After Losses, Says 'We Must Reinvent the Party or Fall Behind'

On December 26, 2024, Marianne Williamson, a spiritual author and former presidential candidate, declared her candidacy for Chair of the Democratic National Committee (DNC). The 72-year-old author, best known for her...

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

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...

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...