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Mon, Dec 23, 2024 02:01 AM All times are UTC

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Bank of Thailand keeps interest rate on hold at 0.50 pct, lowers 2020 growth forecast to -8.1 pct

Jun 24, 2020 13:20 pm UTC| Commentary Central Banks

The Bank of Thailand maintained its key policy rate at 0.50 percent during its meeting today. The decision to keep the interest rate on hold was unanimous. Meanwhile, the central bank revised its 2020 growth projections to...

Malaysian consumer price index falls y/y in May, BNM likely to lower policy rate by 50 bps in May

Jun 24, 2020 11:57 am UTC| Commentary

Malaysian consumer price index fell in the month of May. On a year-on-year basis, the headline inflation declined 2.9 percent in the month, unchanged from April. Nevertheless, it rose 0.3 percent on a month-on-month basis,...

Gold hits 7-1/2 year high as cases of coronavirus accelerate to record peaks

Jun 24, 2020 08:22 am UTC| Commentary

Gold prices rallied to its highest level since October 2012 as worries over a jump in coronavirus infections and hopes of more stimulus measures to combat the economic fallout boosted the bid tone around the safe-haven...

U.K. flash PMI indices continued to recover in June from April lows, manufacturing PMI index rises to 50.1

Jun 23, 2020 12:21 pm UTC| Commentary

U.K. PMIs continued their rebound from the April lows with both the manufacturing and services readings recording marked rises in June. The flash services PMI index rose to 47 in June from 29 previously, whereas the flash...

Gold off 1-month peak as investors speculate pandemic recovery

Jun 23, 2020 07:55 am UTC| Commentary

Gold prices declined after rising to a more than 1-month high in the previous session on increasing coronavirus cases around the world. The drop in the safe-haven metal comes in as investors focused on the prospect for an...

Gold hits 1-month peak amid fears of virus second wave

Jun 22, 2020 10:35 am UTC| Commentary

Gold prices rallied to its highest in more than a month as investors sought the safety of safe-haven assets after increasing coronavirus cases intensified concerns over a delay in global economic recovery. On Sunday,...

Gold gains as infection fears dent investor confidence

Jun 19, 2020 07:54 am UTC| Commentary

Gold prices surged, supported by concerns over the second wave of coronavirus infections, although a stronger U.S. dollar limited gains. Moreover, simmering geopolitical tensions between North Korea and South Korea, and...

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Economy

Tesla Rolls Out Mobile Megapack Chargers for Holidays Across the US, Find Out the Locations Here

Tesla has introduced mobile Megapack chargers at major U.S. travel hotspots to support increased holiday traffic. Travelers can find these high-speed chargers in locations like Bakersfield, Primm, El Centro, and Cambridge,...

UK Business Confidence Hits 2024 Low as Pay Growth Climbs Ahead of Christmas Hiring Surge

UK business confidence fell to its lowest level in 2024 during December, Lloyds Bank reported, despite a notable rise in hiring and strong pay growth ahead of the Christmas season, offering mixed signals for the economy...

Honda and Nissan Ready to Kick Off Integration Talks to Counter Tesla and Chinese Auto Giants

Honda and Nissan are preparing to announce the launch of integration talks, marking a critical moment in the global automotive industry. The discussions, likely involving Mitsubishi Motors, aim to create the worlds...

Trump Teases TikTok’s Fate in the US as ByteDance Faces a Critical Supreme Court Battle

President-elect Donald Trump hinted that TikTok could remain operational in the US, citing its immense popularity during his campaign, even as ByteDance braces for a Supreme Court showdown over its ownership. Trump...

'Santa Claus' Rally in Doubt as S&P Stumbles and Fed Signals Trouble for Year-End Gains

Hopes for a Santa Claus rally are fading as the SP 500 battles December losses and rising Treasury yields. With 2024 up 24%, investors question if the year will close on a high note or end with a whimper. Santa Claus Rally...

Politics

Elon Musk Sparks Outrage Claiming 'Newsrooms Illegal for Republicans' in Wake of Shocking Journalist Data

Elon Musk, CEO of Tesla and X (formerly Twitter), has stirred debate once again by criticizing mainstream media. Citing recent data, Musk asserted that only 3% of journalists identify as Republican, calling it borderline...

Trump's 'Historic' 2025 Tax Cuts Promise the 'Largest' Reduction in U.S. History

President-elect Donald Trump has pledged to implement what he describes as the largest tax cuts in the history of the country upon taking office in 2025. This ambitious agenda aims to extend and expand the 2017 Tax Cuts...

Trump's 'Day One' WHO Exit Plan Sparks Debate as U.S. Set to Leave Global Health Body

President-elect Donald Trumps transition team intends to withdraw the United States from the World Health Organization (WHO) on January 20, the day of his inauguration, according to reports from the Financial Times. This...

Trump's 'Two Genders' Policy Promotes Official Recognition of Only Male and Female by U.S. Government

President-elect Donald Trump has announced plans to establish an official U.S. government policy recognizing only two genders: male and female. This initiative is part of a broader agenda to reverse policies supporting...

Trump's 'Child Sexual Mutilation' Ban Promises Executive Orders to End Gender-Affirming Care Nationwide

President-elect Donald Trump has pledged to sign executive orders aimed at prohibiting gender-affirming medical treatments for minors, referring to such procedures as child sexual mutilation. This initiative is part of a...

Science

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,...

Some black holes at the centers of galaxies have a buddy − but detecting these binary pairs isn’t easy

Every galaxy has a supermassive black hole at its center, much like every egg has a yolk. But sometimes, hens lay eggs with two yolks. In a similar way, astrophysicists like us who study supermassive black holes expect to...

Astronomers have pinpointed the origin of mysterious repeating radio bursts from space

Slowly repeating bursts of intense radio waves from space have puzzled astronomers since they were discovered in 2022. In new research, we have for the first time tracked one of these pulsating signals back to its...

How is Donald Trump prioritizing funding for cancer research in 2025?

President-elect Donald Trump has announced a major initiative to prioritize funding for cancer research in 2025, pledging billions in federal support to combat one of the worlds leading causes of death. The plan includes...

Technology

Apple Releases 'Urgent' Warning as iPhone Users Targeted by 'Mercenary' Spyware Attacks

Apple has issued an urgent alert to iPhone users, warning of sophisticated spyware attacks orchestrated by private entities targeting high-profile individuals. These mercenary spyware tools, notably Pegasus, can infiltrate...

China’s Nio Brings Firefly EV to Europe in 2025 to Challenge Mini and Smart

Chinas Nio is preparing to launch its Firefly EV in Europe by early 2025, aiming to rival Mini and Smart. As the company expands its presence, its also addressing tariff challenges with innovative battery-swapping stations...

Soaring EV Sales Spark Scramble for Lithium and Graphite as 2030 Supply Pinch Looms

A booming market could drive electric vehicle sales from 4.5 million this year to nearly 28 million by 2030, pressuring scarce battery resources. A new McKinsey analysis highlights looming shortages in lithium, manganese,...

Samsung Plans Ultra-Thin Galaxy S25 Slim to Rival iPhone 17 Air in 2025 Flagship Battle

Samsung is reportedly preparing to unveil its thinnest flagship yet, the Galaxy S25 Slim, early next year. The device, with a rumored sub-7mm thickness, is aimed at challenging Apples iPhone 17 Air while pushing the...

Tesla Addresses 'Cell Dent' Issues in Cybertruck Batteries, Sends Units Back to Gigafactory Texas

Tesla has discovered cell dent problems in its Cybertruck battery packs, prompting the automaker to send affected vehicles back to Gigafactory Texas for replacement. The issue affects inventory vehicles and highlights...