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Mon, Dec 23, 2024 05:43 AM All times are UTC

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Norges Bank likely to keep key interest rate on hold in June

Jun 12, 2020 14:51 pm UTC| Commentary

Norwegian central bank, Norges Bank, is set to meet next week for its interest rate decision. According to a Nordea Bank research report, the central bank is expected to keep the key interest rate on hold. While the focus...

U.K. economic activity declines sharply in April, growth likely to shrink about 23 pct in Q2 2020

Jun 12, 2020 13:00 pm UTC| Commentary

U.K. economic activity saw the sharpest monthly decline on record in April. Activity fell 20.4 percent month-on-month as the maximum effect of lockdown restrictions was being widely felt. The fall in April GDP was bigger...

Gold steadies as new U.S. coronavirus cases stoke risk-off sentiment

Jun 12, 2020 07:59 am UTC| Commentary

Gold prices nudged higher, reversing some of its previous session losses amid gloomy economic projections and renewed fears over a second wave in COVID-19 infections. On Thursday, the safe-haven metal rose to an over...

Digital Currency Revolution Series: Gemini Designates Ex-Goldman Sachs Executive As MD For APAC Region

Jun 12, 2020 05:25 am UTC| Research & Analysis Digital Currency Insights & Views Commentary

The renowned crypto-exchange and custodian, Gemini appears to be expanding into Asia Pacific region on the back of its European target. Winklevoss bros owned company has now hired the former Goldman Sachs executive in...

Indian industrial production likely contracted sharply in May, inflation to have slowed to 5.6 pct

Jun 11, 2020 18:48 pm UTC| Commentary

Indian inflation and industrial production data for the month of May is set to release tomorrow. According to a DBS Bank research report, industrial production in India is expected to have declined 45 percent year-on-year,...

U.S. producer price index rebounds in May on rise in food and energy prices

Jun 11, 2020 17:21 pm UTC| Commentary

Producer prices in the U.S. rebounded in May. The producer price index rose 0.4 percent in the month, after coming in flat or declining in the prior four months. Price rises in volatile components such as food and energy...

U.S. weekly jobless claims continue to fall but remain high

Jun 11, 2020 15:41 pm UTC| Commentary

U.S. weekly jobless claims were consistent with expectations. For the week ended 6 June, the initial jobless claims came in at 1.5 million, falling 19 percent from last week. This is the largest percentage fall since 11...

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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

Trump's 'Greenland Purchase' Proposal Resurfaces, Igniting Global Debate

President-elect Donald Trump has reignited discussions about acquiring Greenland, the vast Arctic territory governed by Denmark. This renewed interest mirrors his 2019 proposal, which was dismissed by Danish authorities....

Katie Miller Joins DOGE Sparking Buzz Over Trump's New 'Government Efficiency' Team Appointment

Katie Miller, a seasoned communications professional and longtime supporter of President-elect Donald Trump, has been named a key member of the Department of Government Efficiency (DOGE). Trump announced the appointment on...

Trump's Incoming National Security Adviser Vows 'Severe Consequences' for Hostage-Takers

President-elect Donald Trumps designated National Security Adviser, Representative Mike Waltz, has issued a stern warning to any entity considering the detention of American citizens. In a recent statement, Waltz...

Trump’s Crypto Council Appointment Sparks Debate as Bo Hines Joins Digital Assets Team

President-elect Donald Trump has named Bo Hines as the executive director of the Presidential Council of Advisers for Digital Assets. This announcement highlights the incoming administrations focus on regulating the...

Trump's 'Tech Dream Team' Appointments Spark Debate Over Administration's Digital Strategy

President-elect Donald Trump has unveiled a series of high-profile appointments to his technology team, signaling a robust commitment to advancing the United States position in artificial intelligence (AI) and digital...

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...