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Sat, May 18, 2024 11:24 AM All times are UTC

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Asia Roundup: Yen rallies to 21-month high after BoJ stands pat on policy, Kiwi gains on upbeat GDP data, Gold rises above $1300 mark - Thursday, June 16th, 2016

Jun 16, 2016 06:49 am UTC| Market Roundups

Market Roundup BoJ Policy Board leaves policy unchanged, vote 8-1 for money base target, 7-2 for NIRP, Kiuchi dissents on both votes, Sato on NIRP, meeting ended early, no change in policy, no dovish talk contra to...

Americas Roundup: Dollar slides after Fed cuts growth, rate forecast. Oil down 5th day on Brexit fears-June 16th, 2016

Jun 15, 2016 21:57 pm UTC| Market Roundups

Market Roundup Fed leaves target rate unchanged at 0.25-0.50%; sees 2 hikes in 2016, 3 in 2017. Fed sees economy growing at 2% no longer above LT trend, says improvement in labor market slowed since April despite...

Europe Roundup: Sterling gains on marginal "Remain" lead, gold off 6-week high, markets await Fed meeting - Wednesday, June 15th, 2016

Jun 15, 2016 12:00 pm UTC| Market Roundups

Market Roundup UK May Claimant Count -0.4k vs +6.4k revised previous, 0.0k exp UK ILO Jobless Rate 5.0%, 5.1% exp, lowest since 2005 UK Apr Earnings 3m y/y +2.0% vs 2.0% previous, 2.1% exp EZ Apr Trade...

Asia Roundup: Dollar gains against yen, markets eye Fed meeting for cues on rate hike stance, Asian shares volatile - Wednesday, June 15th, 2016

Jun 15, 2016 07:06 am UTC| Market Roundups

Market Roundup MSCI declines to add China A-shares, South Korea to global benchmark, other issues on China share inclusion may arise over time - Reuters. Brexit would force Japan Inc to adopt twin-track strategy...

Americas Roundup: Sterling skids to 2-month low as Brexit fears intensify, gold hits near six-week highs ahead of Fed statement-June 15th, 2016

Jun 14, 2016 22:18 pm UTC| Market Roundups

Market Roundup US import prices post largest gain in four years in May ( +1.4% vs 0.7% forecast) US data point to strong domestic demand, stirring inflation; core retail sales +0.4%, April revised up. US...

Europe Roundup: Sterling hits 8-week low on growing Brexit anxiety, yen gains broadly on risk-aversion, European shares slump - Tuesday, June 14th, 2016

Jun 14, 2016 12:18 pm UTC| Market Roundups

Market Roundup Sterling sharply lower again and Cable hits 1.4112 low William Hill halves Brexit odds from 3/1 to 6/4 Leave on 46%, remain 39% - YouGov poll for The Times Leave on 49%, remain 48% - ORB...

Asia Roundup: Yen gains, sterling slumps on rising Brexit worries, Fed likely to stand pat, Asian shares trade lower - Tuesday, June 14th, 2016

Jun 14, 2016 06:53 am UTC| Market Roundups

Market Roundup Japan FinMin Aso No comment on FX levels, FX stability extremely important, will respond as needed in accordance with G7/20 agreement Reuters. EconMin Ishihara Government closely watching...

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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...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Minimum wage for South African farm workers: study shows 2013 hike helped reduce poverty even though compliance was poor

Minimum wage policies are typically aimed at reducing poverty. Yet there is little direct evidence of this effect, especially in developing countries. And none for South Africa. In a recent paper, we consider the...

Gas is good until 2050 and beyond, under Albanese gas strategy

The Albanese government is talking up the crucial role of gas as a transition fuel through to 2050 and beyond. In a gas strategy to be released on Thursday, the government envisages the fuels uses would change over...

South Africa’s plan to move away from coal: 8 steps to make it succeed

The South African governments Just Energy Transition Implementation Plan was launched in November 2023. It is a roadmap guiding the country away from reliance on coal-fired power towards renewable energy alternatives by...

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...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Germany lowers voting age to 16 for the European elections

Ahead of the European parliament elections in June, Germany has lowered the age limit on participation to 16. This makes it the largest of just a handful of states in the EU to allow people under the age of 18 to vote....

South Africa will be president of the G20 in 2025: two much-needed reforms it should drive

South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global...

What early 2024 polls are revealing about voters of color and the GOP

By the end of winter 2024, the return of Donald Trump to the top of the GOP presidential ticket has revealed a surprising trend in the former presidents base of support: his increasing popularity among Black and Latino...

Science

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

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...

Technology

Bitcoin's Rise Fueled by $222M ETF Inflow: What’s Next for BTC?

Bitcoins price jumped over $67,000 after a $222 million ETF inflow, highlighting strong market momentum and investor enthusiasm. ETF Inflows and Bitcoins Price Surge Recent data from Farside Investors indicates that...

Ex-OpenAI Exec Criticizes Sam Altman's Focus on 'Shiny Products' Over AI Safety Concerns

Former OpenAI executive Jan Leike resigns, criticizing the companys prioritization of shiny products over AI safety, calling out Sam Altmans leadership. Safety vs. Product Focus Leike, the leader of an artificial...

Binance Enhances SHIB, USTC, AGIX Trading and Liquidity for Better Market Dynamics

Binance has announced efforts to enhance liquidity and trading for Shiba Inu (SHIB), USTC, and SingularityNET (AGIX), including tick size adjustments aimed at improving market dynamics and trading experience. Binances...

OpenAI Disbands Team Tackling AI Risks Amid Leadership Changes and GPT-4o Launch

OpenAI has dismantled its Superalignment team, initially formed to address AI risks, following the resignations of key leaders Ilya Sutskever and Jan Leike. OpenAI Disbands Superalignment Team Days After Leaders Resign,...

$73M Crypto Scam: Two Foreign Nationals Arrested for 'Pig Butchering'

The Justice Department prosecuted two Chinese nationals on Friday in a cryptocurrency scam that laundered at least $73 million from deceived victims. Defendants Allegedly Used Shell Corporations to Launder Funds Through...