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Trump's Tariff Threats Sink Canadian Dollar, Pressure Mexican Peso

Jan 31, 2025 07:53 am UTC| Economy

The Canadian dollar plunged to a five-year low, and the Mexican peso remained under pressure on Thursday after former U.S. President Donald Trump renewed tariff threats against Canada and Mexico. Trump reaffirmed plans to...

Oil Prices Rise Amid U.S. Tariff Threats on Mexico and Canada

Jan 31, 2025 07:53 am UTC| Economy

Oil prices climbed on Friday as markets reacted to potential tariffs by U.S. President Donald Trump on Mexico and Canada, the top crude suppliers to the U.S. Brent crude futures for March, expiring Friday, rose 38 cents to...

PCE Price Index Reveal: Key Insights into Inflation Trends Set for Today

Jan 31, 2025 03:58 am UTC| Economy

December 2024 PCE Data to be Released Today The US Personal Consumption Expenditures Price Index data for December 2024 is expected to be published today, January 31, 2025. This will give the critical inflation trend...

Tokyo Inflation Hits Near Two-Year High, BOJ Rate Hike Impact in Focus

Jan 31, 2025 02:24 am UTC| Economy Central Banks

Tokyos consumer price index (CPI) inflation accelerated in January, reaching a near two-year high as strong private spending sustained price growth. The headline CPI rose 3.4% year-on-year, up from 3% in December, marking...

Stock Futures Rise Slightly as Investors Await Key Inflation Data

Jan 31, 2025 02:24 am UTC| Economy

U.S. stock index futures edged higher Thursday evening following modest Wall Street gains, driven by corporate earnings from Apple and Microsoft. Investors now focus on Fridays personal consumption expenditures (PCE) price...

US economy grows slower than expected in Q4

Jan 30, 2025 21:50 pm UTC| Economy

The US economy grew by 2.3 percent quarter on quarter in the fourth quarter, slightly less than the average prediction of 2.6%. The overall growth rate for 2024 was 2.8 percent, which was bit less than the 2.9 percent rate...

Brazil Hikes Interest Rates Again as Inflation Pressures Mount

Jan 30, 2025 07:09 am UTC| Economy Business Central Banks

Brazils central bank raised its benchmark Selic rate by 100 basis points to 13.25% on Wednesday, marking the second consecutive hike and signaling another increase in March. The decision, made unanimously by the banks...

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Economy

UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire

Abu Dhabi authorities have temporarily halted operations at Habshan, the United Arab Emirates largest natural gas processing facility, following a devastating attack that triggered a major fire at the site. The incident...

Trump's FY2027 Budget: Major Defense Boost and Domestic Spending Cuts

President Donald Trump has unveiled a bold federal budget proposal for fiscal year 2027, signaling a dramatic realignment of national spending priorities. The plan centers on a significant expansion of military funding...

U.S. Warplane Shot Down by Iran Amid Escalating Middle East Conflict

A U.S. military aircraft was shot down by Iranian forces on Friday, marking a significant escalation in the ongoing five-week conflict between the United States, Israel, and Iran. Both nations confirmed the incident, with...

U.S. Job Market Braces for Slow Recovery Amid Middle East Tensions and Economic Uncertainty

The U.S. labor market is expected to post modest gains in March, recovering from Februarys sharp drop of 92,000 jobs, but persistent headwinds are keeping economists cautious. A Reuters poll forecasts nonfarm payrolls...

Bank of Japan Eyes Further Rate Hikes Amid Middle East Tensions and Inflation Pressures

A senior Bank of Japan official reaffirmed the central banks commitment to continuing its interest rate hike cycle, while closely monitoring how the ongoing Middle East conflict is shaping Japans economic outlook and...

Politics

U.S. F-15E Shot Down Over Iran: One Crew Member Recovered Amid Escalating Conflict

A United States F-15E Strike Eagle fighter jet has been shot down over Iranian territory, marking the first confirmed incident of its kind since the start of the nearly five-week conflict between the U.S., Israel, and...

Judge Blocks DOJ Subpoenas in Federal Reserve Investigation, Delaying Powell Succession

A federal judge in Washington, D.C. has once again ruled against the Justice Departments efforts to revive a criminal investigation targeting Federal Reserve Chair Jerome Powell, dealing another significant blow to what...

Congo in Talks With Trump Administration to Accept Third-Country Deportees

The Democratic Republic of Congo is reportedly in discussions with the Trump administration about accepting deportees from third countries individuals who are not Congolese nationals but were living in the United States...

Russia's Easter Strikes Kill Multiple Civilians Across Ukraine

In a significant escalation of its ongoing war against Ukraine, Russia launched a massive daytime strike on Friday, killing at least six people across multiple regions, including Kyiv, Zhytomyr, Donetsk, and Kharkiv....

Iran Rejects U.S. Ceasefire Proposal Amid Ongoing Tensions

An unnamed source revealed to Irans semi-official Fars news agency on Friday that Tehran has turned down a ceasefire proposal put forward by the United States. According to the source, the offer was extended on Wednesday...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

Technology

Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions

Elon Musk is reportedly making Grok subscriptions a prerequisite for banks and advisers involved in SpaceXs highly anticipated initial public offering. According to the New York Times, citing insiders familiar with the...

MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown

A bipartisan group of U.S. lawmakers has unveiled the MATCH Act, a landmark piece of draft legislation designed to tighten export restrictions on advanced semiconductor manufacturing equipment destined for China. The...

Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push

Microsoft is set to pour approximately $10 billion into Japan between now and 2029, channeling funds into data center expansion and artificial intelligence infrastructure to meet the countrys growing demand for data...

Australia's Social Media Ban for Under-16s Sparks Global Movement

Australias landmark social media ban for users under 16, which took effect in December, is reshaping digital policy conversations worldwide. Countries including Spain and Malaysia have signaled interest in adopting similar...

SpaceX Eyes Historic IPO at $1.75 Trillion Valuation

Elon Musks aerospace giant SpaceX has quietly filed a confidential IPO registration with the U.S. Securities and Exchange Commission, according to Bloomberg News sources familiar with the matter. The move signals that the...

Digital Currency