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Philippine central bank keeps interest rate unchanged at 2 pct

Dec 17, 2020 17:02 pm UTC| Commentary

The Philippine central bank kept its overnight reverse repurchase rate on hold at 2 percent today, as expected. Governor Diokno noted the uplifted global business and consumer sentiment over the commencement of vaccine...

Bank Indonesia keeps key interest rate on hold at 3.75 pct

Dec 17, 2020 12:57 pm UTC| Commentary Central Banks

The Indonesian central bank stood pat today, maintaining the policy rate at 3.75 percent. Bank Indonesia maintained its growth projections at -1 percent to -2 percent for 2020, and 4.8 percent to 5.8 percent for the next...

U.S. vehicle sales fall again in November

Dec 02, 2020 16:44 pm UTC| Commentary

U.S. vehicle sales dropped for the second straight month in November. On a sequential basis, vehicle sales dropped 4.5 percent to 15.6 million units. Novembers reading is a bit below consensus expectations of a decline to...

Reserve Bank of India likely to stand pat in December

Dec 02, 2020 15:47 pm UTC| Commentary

The Indian central bank, Reserve Bank of India, is set to meet later this week. According to a DBS Bank research report, the RBI is likely to pause on rates. Soft growth but accelerating inflation has left policymakers in...

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

Dec 02, 2020 13:45 pm UTC| Commentary

Canadas employment data for the month of November is set to release this week. According to a TD Economics research report, the labor market rebound is likely to have stumbled in the month with the loss of 25k jobs as the...

Australian economic growth recovers strongly in Q3 2020

Dec 02, 2020 12:34 pm UTC| Commentary

The economic growth in Australia recovered strongly in the third quarter of this year. On a quarter-on-quarter basis, the economy grew 3.3 percent, following the contraction of 7 percent recorded in the second quarter. The...

Swedish economic sentiment indicator rises in November

Nov 26, 2020 12:59 pm UTC| Commentary

Swedish Economic Sentiment Indicator rose in the month of November, suggesting resilience. The indicator rose to 97.5 from 96. The consumer sentiment fell to 88.4 from 90, as was anticipated. For business sectors,...

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Economy

Why states didn't go broke from the pandemic

During the summer of 2020, there were many news reports about the impending state fiscal crisis due to the pandemic. A July 7 article on CNBC with the headline Cuts to basic services loom as coronavirus ravages local...

Beam Suntory releases bourbon-based ready-to-drink Jim Beam in US

Beam Suntory added two new ready-to-drink cocktails featuring a bourbon base in its Jim Beam offering in the US. The Jim Beam Ginger Highball combines bourbon with ginger ale while its Jim Beam Classic Highball pairs...

Subway's new sandwiches pose risk to employees, claims franchisees

The North American Association of Subway Franchisees (NAASF) has told members that they cannot endorse Subways promotion as they can pose a burn risk to employees, and they can supposedly damage franchisees toasters....

Toyota to test carbon-free hydrogen engine on race track

Toyota Motor Corp. will test its Corolla Sport equipped with a hydrogen engine in a 24-hour endurance race that starts on May 21 at the Fuji Speedway track in Oyama, Shizuoka Prefecture. The Japanese carmaker will use...

Politics

World War 3 threat: Experts warn US and China may engage in military conflict in Africa

Over the years, relations between China and the US have been rocky, especially over certain issues. However, fears of possible world war have been stoked as experts have warned that Africa may be the continent that gets...

Joe Biden to give commencement address at Coast Guard Academy graduation

Joe Biden will be making a commencement address at the upcoming Coast Guard Academy graduation ceremony. Bidens upcoming address would be his second time giving a speech at the academys ceremony. The Coast Guard Academy...

Donald Trump social media ban: Facebook oversight board to announce decision on ex-POTUS' suspension

Former President Donald Trump has been away from social media for several months following the January 6 insurrection. Facebook is already turning to its oversight board to make a decision regarding the former presidents...

Joe Biden COVID-19 vaccine: House Democrats want POTUS to waive vaccine patents

With over 200 million doses of the COVID-19 vaccines already administered, many are now urging US President Joe Biden to provide help to other countries. House Democrats are now urging Biden to waive the vaccine patents...

Science

Space tourism – 20 years in the making – is finally ready for launch

For most people, getting to the stars is nothing more than a dream. On April 28, 2001, Dennis Tito achieved that lifelong goal but he wasnt a typical astronaut. Tito, a wealthy businessman, paid US$20 million for a seat...

First human-monkey embryos created – a small step towards a huge ethical problem

Scientists have created the worlds first monkey embryos containing human cells in an attempt to investigate how the two types of cell develop alongside each other. The embryos, which were derived from a macaque and then...

Lab–grown embryos and human–monkey hybrids: Medical marvels or ethical missteps?

In Aldous Huxleys 1932 novel Brave New World, people arent born from a mothers womb. Instead, embryos are grown in artificial wombs until they are brought into the world, a process called ectogenesis. In the novel,...

Antimatter: scientists find way to trap elusive material by blasting it with lasers

Antimatter is believed to play a huge part in the story of our universe. Its the counterpart to matter: identical in every way with protons, neutrons and electrons but with an opposite electric charge. According to our...

Shifting toward 'open peer review'

Twenty years ago, it was difficult to find information about local restaurants, except from the restaurants themselves. Now, thanks to the Internet, independent evaluations are easy to find. Its past time we make that the...

Technology

Only 13% of iOS 14.5 users worldwide allowed apps to track them

An analytics firm reported that a very small number of Apple mobile device users have agreed to allow apps to track them. The information comes two weeks after the widely anticipated and debated iOS 14.5 feature App...

Samsung Electronics to share 505 patented technologies to S. Korean SMEs

Samsung Electronics will share its 505 patented technologies with local small and medium enterprises via a government technology transfer program to overcome the market challenges triggered by the pandemic. The list of...

PS5 with ‘semi-custom’ 6nm AMD chip reportedly launching in 2022

Sony has been one of the companies affected by the semiconductor shortage worldwide resulting in the continuous difficulty to find available PS5 consoles in stores. However, Sony is reportedly considering remedying the...

Google Account users to be automatically enrolled in two-factor authentication ‘soon'

Google celebrated World Password Day by reminding its users how vulnerable these sets of characters can be. On that note, the tech giant announced its plan to have Google Account users be automatically enrolled to...
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