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Mon, May 13, 2024 04:12 PM All times are UTC

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Fitch: Canada's big banks hold profits; oil and rates manageable

Mar 02, 2015 19:20 pm UTC| Research & Analysis

Five of the six largest Canadian banks reporting earnings thus far showed mixed profit performance in the first fiscal quarter, with the de minimus impact from oils declines, says Fitch Ratings. Canadas surprise January...

Moody's takes rating actions on ten Russian banks

Mar 02, 2015 17:42 pm UTC| Research & Analysis

Moodys Investors Service has today taken rating actions on 10 Russian banks reflecting the deterioration in the operating environment in Russia (Ba1 negative), which negatively impacts the banks financial fundamentals....

Moody's changes outlook on Ireland's banking system to stable from negative

Mar 02, 2015 17:06 pm UTC| Research & Analysis

The outlook for Irelands banking system has been changed to stable, replacing the negative outlook that had been in place since 2008, says Moodys Investors Service. The stable outlook reflects the strengthening of banks...

Fitch: Singapore, HK - Diverging Responses to Similar Challenges

Mar 02, 2015 02:12 am UTC| Research & Analysis

The Hong Kong and Singapore budgets released last week highlight some of the long-term economic challenges facing both cities. However, public finances should remain substantial credit strengths for both sovereigns over...

Moody's: India's budget prioritizes growth over fiscal consolidation

Mar 02, 2015 01:05 am UTC| Research & Analysis

Moodys Investors Service says that Indias budget, which prioritizes growth over deficit reduction, is unlikely to materially change Indias sovereign credit profile, which is supported by the economys robust growth, but...

Fitch: U.S. personal bankruptcies set for fifth straight annual decline

Feb 27, 2015 15:47 pm UTC| Research & Analysis

Annual U.S. personal bankruptcy filings are set for a fifth straight drop, though the rate of decline figures to level off over time as lending guidelines become more lax, according to Fitch Ratings in a new report.Fitch...

Fitch: Colombian electricity sector - strong reserve margin to continue

Feb 27, 2015 14:07 pm UTC| Research & Analysis

Fitch Ratings expects the Colombian National Interconnected System (SIN) to continue to show a strong reserve margin. Total capacity is expected to increase to 18,253 megawatts (Mw) by 2018 assuring a sound buffer to meet...

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Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US student Gaza protests: five things that have been missed

Coverage of the recent student encampments at more than 50 universities across the United States has focused on confrontations between opposing groups of protesters or between protesters and police. The spectacle of...

Will Solomon Islands’ new leader stay close to China?

Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

Philippines Tests Peso-Backed Stablecoin, Eyes Future Financial Innovations

In a groundbreaking initiative, the Bangko Sentral ng Pilipinas has commenced sandbox testing for the PHPC, a stablecoin pegged 1:1 to the Philippine peso. This pilot, a collaboration with Coins.ph, aims to evaluate the...

El Salvador Launches $360M Bitcoin Treasury Monitoring Site

El Salvador was the first country to accept Bitcoin as legal cash in 2021, and it now has over 5,700 BTC. Details of El Salvadors Bitcoin Monitoring Platform El Salvador has developed its proof-of-reserves website,...

U.S. and China Convene in Geneva to Tackle AI Risks

Geneva will witness significant discussions between U.S. and Chinese representatives focusing on the escalating risks associated with artificial intelligence technologies, highlighting the critical need for cooperation to...

South Korea, China's AliExpress, and Temu Forge Critical Safety Pact

South Korea and Chinas leading e-commerce platforms, AliExpress and Temu, are forming a pact to enhance safety standards across online markets. Rising safety concerns spark the move. Role of AliExpress and Temu in...

OpenAI's Sam Altman Proposes 'Universal Basic Compute' as AI Job Threat Looms

At a recent podcast appearance, OpenAIs CEO Sam Altman discussed universal basic compute, a radical idea that aims to change how we interact with AI technology. UBI to Universal Basic Compute: Altmans New Proposal In...