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Mon, Dec 23, 2024 01:15 AM All times are UTC

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U.K.’s consumer price inflation eases in May to lowest level since June 2016

Jun 17, 2020 12:38 pm UTC| Commentary

U.K.s annual pace of CPI inflation decelerated further in the month of May. The CPI index dropped to 0.5 percent year-on-year from Aprils 0.8 percent. Mays data is the lowest level since June 2016. The outturn was...

Gold eases as upbeat U.S. retail sales, drug trial boost investor risk appetite

Jun 17, 2020 08:41 am UTC| Commentary

Gold prices declined amid hopes of a potential COVID-19 drug and a stronger U.S. dollar although worries about surging cases of the novel coronavirus in Beijing limited downside. Spot gold was trading 0.2 percent down...

Polish labor market likely deteriorated further in May, industrial production to contract sharply in Q2 2020

Jun 16, 2020 20:05 pm UTC| Commentary

Polish labor market data for the month of May is set to release tomorrow. According to an Erste Group Research report, the labor market situation is likely to have deteriorated further in the month, reflecting the effect...

U.S. industrial production rebounds in May, utilization stays low

Jun 16, 2020 19:12 pm UTC| Commentary

U.S. industrial production grew 1.4 percent in the month of May as most states took measure to ease stay-at-home restrictions, recovering a small portion of its 16.5 percent cumulative fall in March and April....

U.S. retail sales rise sharply above expectations in May

Jun 16, 2020 17:28 pm UTC| Commentary

U.S. retail sales rose sharply by 17.7 percent sequentially in May, largely surpassing market expectations of a growth of 8 percent. Furthermore, the data for April was upwardly revised to a decline of 14.7 percent from a...

U.K. employment rises in three months to April, jobless rate remains unchanged at 3.9 pct

Jun 16, 2020 14:19 pm UTC| Commentary

The ONS latest official statistics continue to show a relatively positive picture of the U.K.s labor market health, relative to other indicators. The latest report shows that employment in the three months to April was...

Australia’s weekly consumer confidence rises again

Jun 16, 2020 13:00 pm UTC| Commentary

Australias weekly confidence index rises again after falling in the prior week. The consumer confidence index rose 0.5 percent to 97.5. Current finances gained 0.5 percent, the third consecutive weekly gain. Meanwhile,...

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Economy

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...

Italy's Meloni Warns EU of Russia’s Hidden Tactics Undermining Borders and Democracy

Italian Prime Minister Giorgia Meloni has urged the EU to tackle Russias evolving security threats, citing illegal migration, public influence, and resource control. Speaking at a Finland summit, she emphasized that these...

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...