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Tue, Oct 06, 2026 07:22 PM All times are UTC

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Germany Debates Repatriating Gold Reserves Amid Trump Concerns

May 30, 2025 06:58 am UTC| Politics Economy Central Banks

Germanys overseas gold reserves, especially those stored in New York, are drawing renewed scrutiny as Donald Trump returns to the White House. With 3,352 tonnes, Germany holds the worlds second-largest gold stockpile....

Powell Meets Trump Amid Rate Pressure, Reaffirms Fed Independence

May 29, 2025 23:58 pm UTC| Politics Central Banks

Federal Reserve Chair Jerome Powell met with President Donald Trump on Thursday, according to a statement released by Powells office. The meeting, held at the Presidents invitation, occurred amid ongoing tensions regarding...

Fed's Tightrope Walk: Balancing Inflation and Recession Risks

May 29, 2025 04:34 am UTC| Central Banks

Citing the growing risk of greater inflation and increasing unemployment, the May 2025 FOMC minutes revealed the Federal Reserves worries about the U.S. economic outlook. Fed officials acknowledged the possibility of...

South Korea Cuts Interest Rates to 2.50% Amid Global Trade Uncertainty

May 29, 2025 01:48 am UTC| Economy Central Banks

The Bank of Korea (BOK) lowered its benchmark interest rate to 2.50% on Thursday, marking the fourth rate cut in its current monetary easing cycle. The decision, aligned with market expectations, comes as escalating global...

FOMC maintains rates amid heightened uncertainty over trade policy

May 28, 2025 22:36 pm UTC| Central Banks

The Federal Open Market Committee (FOMC) unanimously decided to maintain the policy rate at 4.25%4.5% at its May 67 meeting. The meeting was the first since President Trump announced retaliatory tariffs on April 2, and the...

RBNZ Cuts Rate: New Zealand's OCR Drops to 3.25%

May 28, 2025 04:35 am UTC| Central Banks Insights & Views

A widely expected move and the lowest rate since October 2022, the Reserve Bank of New Zealand (RBNZ) dropped the Official Cash Rate (OCR) by 25 basis points on May 28, 2025, to 3.25%. Not everyone agreed on the decision,...

RBNZ Cuts Interest Rate Amid Trade Tensions and Weak Growth Outlook

May 28, 2025 03:02 am UTC| Economy Central Banks

New Zealands central bank cut its official cash rate by 25 basis points to 3.25%, marking the sixth consecutive rate cut as global economic uncertainty and U.S. trade tensions weigh on domestic growth. The Reserve Bank of...

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Economy

Trump Opens Tax-Exempt Dyed Diesel Access as Fuel Prices Surge

U.S. President Donald Trump signed an executive order on Monday expanding access to tax-exempt dyed diesel as soaring fuel prices and global oil supply disruptions put pressure on American consumers and businesses. Under...

Australia Consumer Confidence Plunges as RBA Rate Hike Hits Households

Australian consumer confidence fell sharply in October as households grew increasingly worried about rising living costs, higher interest rates, personal finances and the jobs outlook, according to data released Tuesday by...

Samsung, SK Hynix Shares Fall Ahead of Q3 Earnings

Shares of South Korean chip giants Samsung Electronics and SK Hynix declined on Tuesday as investors turned cautious ahead of their third-quarter earnings reports, despite broader strength across the global semiconductor...

Asian Currencies Steady as Dollar Holds Near 18-Month High

Asian currencies traded mostly flat on Tuesday as the U.S. dollar remained close to an 18-month high, supported by elevated Treasury yields and persistent inflation concerns. The euro stayed under pressure near a 17-month...

Asian Stocks Rise as Nasdaq Record Offsets Bond Yield Pressure

Asian stocks traded mostly higher on Tuesday, supported by a record close on the Nasdaq, although surging U.S. Treasury yields and elevated oil prices kept investors cautious. Wall Street provided a positive lead after the...

Politics

Trump Envoy Meets Sudan Army Chief in Egypt

A senior envoy for U.S. President Donald Trump attended an event in Egypt alongside Sudanese army chief Abdel Fattah al-Burhan as Washington continues efforts to find a political solution to Sudans devastating civil war....

France Student Protests Intensify Nationwide

France faced widespread high-school blockades and union-backed demonstrations on Tuesday as students stepped up pressure on President Emmanuel Macrons government over teacher shortages, deteriorating school buildings and...

Flavio Bolsonaro Surges as Family Scores Brazil Election Comeback

Brazils election delivered a dramatic political comeback for the Bolsonaro family, even though former President Jair Bolsonaro was not on the ballot. Bolsonaro, 71, is under house arrest while serving a 27-year sentence...

Trump Gaza Peace Plan Stalls as Israel Retains Control

US President Donald Trumps Gaza peace plan remains stalled a year after its launch, with Israel retaining control over roughly two-thirds of the enclave and continuing near-daily strikes despite an October 2025 ceasefire....

Trump Orders Firing Squad Execution for Fort Hood Gunman

President Donald Trump has approved the execution by firing squad of former U.S. Army Major Nidal Hasan, who was sentenced to death for killing 13 people in the 2009 Fort Hood shooting in Texas. Pentagon spokesperson Sean...

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

Zcash Prepares for NU7 Upgrade as Zebra Gets Key Security Fixes

The Zcash network is moving closer to its NU7 upgrade following a series of Zebra releases focused on security, performance and network stability. According to an engineering update from the official Zcash Foundation X...

OpenAI, Anthropic Back Mandatory AI Breach Reporting in Australia

OpenAI and Anthropic said they would support Australian laws requiring artificial intelligence companies to report data breaches caused by AI agents, as lawmakers consider tougher AI regulation following several security...

DeepSeek Seeks $12 Billion Funding Round Backed by Tencent, CATL

Chinese artificial intelligence powerhouse DeepSeek is preparing to raise at least 80 billion yuan ($12 billion) in a major funding round backed by Tencent and battery giant CATL, Bloomberg reported on Tuesday. DeepSeek...

Nvidia-Backed Reflection AI Launches Beam Open-Weight Model

Nvidia-backed startup Reflection AI has launched Beam, its first open-weight artificial intelligence model, as the U.S. company looks to challenge lower-cost Chinese AI models in coding and agentic tasks. Reflection AI...

Meta and Microsoft Cut Internal Claude AI Use

Meta Platforms and Microsoft are reducing their internal reliance on Anthropics Claude AI models as both technology giants encourage employees to adopt proprietary artificial intelligence tools, according to a report from...