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Global manufacturing confidence improves for first time in four months

Nov 03, 2015 03:50 am UTC| Commentary Economy

The final reading of the Barclays global manufacturing confidence improved to -0.54 in October from -0.71 in September, arresting four consecutive months of decline. The improvement in global business confidence was driven...

Good news for UK's larger firms, less so for SMEs

Nov 03, 2015 03:14 am UTC| Commentary Economy

The UKs October Manufacturing PMI rose to 55.5, after a marginal upward revision to 51.8 in September. The overall index was upbeat at a 16-month high, considerably above market expectations. The output index...

China’s 5th Plenum focuses on social spending and green growth

Nov 02, 2015 05:53 am UTC| Commentary Economy

Another important event this week in China is the conclusion of the fifth plenary session of the 18th CPCCC (Fifth Plenum) on 29 October. The plenum approved the CPCCCs proposals for national economic and social...

U.K. PMIs to highlight weakness in manufacturing

Nov 02, 2015 05:39 am UTC| Commentary Economy

Of the three PMIs, the manufacturing PMI of U.K. should continue to be by far the weakest. The official data showed a very healthy bounce of 0.5% mom in August output and the preliminary Q3 GDP estimate embodied an implied...

Some positive factors to sustain Korea's production

Nov 02, 2015 03:55 am UTC| Commentary Economy

Korean exports fell 15.8% y/y in October, worse than expected, the largest decline in the headline rate this year, precipitated by large falls in shipments of petrochemicals, auto parts, steel and vessels, as well as high...

China’s service sector taking over from manufacturing

Oct 30, 2015 07:27 am UTC| Commentary Economy

The Chinese economy grew by 6.9% in Q3 15, which was a tad better than expected, given the recent raft of disappointing data and news out of the Middle Kingdom. However, the figures conceal a gradual shift in demand...

U.S. average hourly earnings to rebound sharply

Oct 30, 2015 07:10 am UTC| Commentary Economy

The remaining portions of the U.S. BLS establishment survey are expected to be quite positive. Previously discussed calendar effects associated with the comparatively late termination of this months canvassing period -...

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Economy

Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry

Canada has introduced a temporary 10% tariff on certain canned vegetable imports as part of efforts to protect domestic growers and food processing companies from increasing foreign competition. According to a statement...

Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth

Italy has emerged as one of the strongest-performing major economies in the Eurozone, driven largely by robust investment spending and government-backed stimulus programs, according to a recent UBS research report. Since...

Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge

Global oil prices stabilized on Friday, but Brent crude remained on track for a weekly decline of more than 8% as investors assessed the uncertain future of the U.S.-Iran peace agreement and ongoing geopolitical risks in...

Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets

Asian stock markets rallied on Friday, with Japan and South Korea reaching record highs as easing tensions in the Middle East and the reopening of the Strait of Hormuz pushed oil prices lower, reducing global inflation...

US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge

U.S. stock index futures edged lower on Thursday evening, giving back some gains after a strong Wall Street rally driven by optimism surrounding a new U.S.-Iran agreement and a powerful surge in semiconductor stocks....

Politics

U.S.-Iran Talks Resume in Switzerland as Lebanon Ceasefire Boosts Hopes for Lasting Deal

U.S. Special Envoy Steve Witkoff and Iranian Foreign Minister Abbas Araqchi are expected to travel to Switzerland for renewed diplomatic talks, signaling fresh momentum toward a broader U.S.-Iran agreement after a...

Bolivia Nears End to 50-Day Crisis After Government Reaches Deal With Workers

Bolivian President Rodrigo Paz has reached a key agreement with the Bolivian Workers Confederation (COB), marking a significant step toward ending a nationwide crisis that has disrupted the country for nearly 50 days. The...

Marco Rubio to Visit Gulf Nations for Key Middle East Talks

U.S. Secretary of State Marco Rubio is expected to travel to the Middle East next week, with planned visits to Kuwait, the United Arab Emirates (UAE), and Bahrain, according to a report from Axios citing multiple sources...

Trump Inspects Upgraded Qatar-Gifted Boeing 747 as Interim Air Force One Nears Service

President Donald Trump toured an upgraded Boeing 747 at Joint Base Andrews in Maryland on Friday as the aircraft moves closer to entering service as part of the Air Force One fleet. The luxury jet, originally gifted by...

Trump Says Anthropic No Longer Seen as National Security Threat

U.S. President Donald Trump said he no longer views artificial intelligence company Anthropic as a national security threat, marking a significant shift from his stance just a week earlier. The comments came during an...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

John Jumper Leaves Google DeepMind for Anthropic Amid Intensifying AI Talent Race

John Jumper, the Google DeepMind researcher who shared the 2024 Nobel Prize in Chemistry for his groundbreaking work on the AlphaFold artificial intelligence system, has announced that he is leaving Google DeepMind to join...

Meta Seeks Legal Shield From Child-Harm Lawsuits Amid KOSA Talks

Meta Platforms is reportedly lobbying U.S. lawmakers to include legal protections for social media companies in the proposed Kids Online Safety Act (KOSA), a move that could significantly impact thousands of lawsuits...

SpaceX Stock Slides After IPO Rally as Valuation Concerns Grow

SpaceX (NASDAQ: SPCX) shares extended their pullback on Thursday after a remarkable post-IPO rally, as investors locked in profits and questioned the companys lofty valuation. The stock, which dropped nearly 10% earlier in...

US Raises Concerns Over Possible ASML EUV Machine Transfer to China

U.S. Commerce Secretary Howard Lutnick has reportedly raised concerns with Dutch semiconductor equipment giant ASML regarding the possible transfer of one of its advanced extreme ultraviolet (EUV) lithography machines to...

Google Gemini Co-Lead Noam Shazeer Leaves for OpenAI Amid AI Talent Race

Noam Shazeer, a vice president of engineering at Google and one of the leaders behind the companys Gemini artificial intelligence models, has announced that he is leaving Google to join OpenAI, the creator of ChatGPT. The...