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Thu, May 09, 2024 05:32 PM All times are UTC

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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,...

U.S. Q3 economic growth unrevised in second estimate

Nov 25, 2020 17:16 pm UTC| Commentary

The U.S. economic growth recovered in the third quarter, as shown in the second estimate of GDP. The second estimate was kept unrevised at 33.1 percent quarter-on-quarter. Delving into details, some upward and downward...

Swiss franc likely to gradually depreciate against euro in coming months

Nov 25, 2020 14:21 pm UTC| Commentary

The Swiss franc has seen pressure against the euro after the positive news regarding the first promising COVID-19 vaccines, even though the uncertainty continues to be high, due to high infection rates in the euro...

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

Nov 25, 2020 13:05 pm UTC| Commentary Economy

Taiwanese MIB and M2 money supply continued to record solid growth in the month of October. On a year-on-year basis, MIB money supply grew 12.85 percent, while M2 money supply rose 7.05 percent in the month. This is the...

Malaysian headline inflation falls further in October, likely to remain negative in 2020

Nov 25, 2020 12:11 pm UTC| Commentary

Malaysias headline inflation dropped further into negative territory in the month of October. On a year-on-year basis, the consumer price inflation came in at -1.5 percent, as compared with Septembers -1.4 percent. Renewed...

Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

Nov 24, 2020 14:08 pm UTC| Commentary

The Bank of Korea is set to meet this week for its policy rate decision. According to a Scotiabank research report, the South Korean central bank is likely to keep its policy rate on hold at 0.50 percent this week. The CPI...

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Economy

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...

US long-term care costs are sky-high, but Washington state’s new way to help pay for them could be nixed

If you needed long-term care, could you afford it? For many Americans, especially those with a middle-class income and little savings, the answer to that question is absolutely not. Nursing homes charge somewhere...

Politics

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 Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

US election: why it’s not the protesters’ votes that the Democrats should worry about

As hundreds of New York police officers in riot gear were called in to clear away a student protest at Columbia University on Tuesday night, the university president Nemat Shafik was saying she had no choice but to take...

Trump-proofing Nato: why Europe’s current nuclear deterrents may not be enough to face biggest threats since WWII

Though a second Trump presidency is not a foregone conclusion, Nato members are gearing up to Trump-proof the organisation and reviewing their defence strategies. Natos concerns about Trumps re-election were heightened...

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

Elon Musk Teases Revolutionary Full Self-Driving V12.4, Cybertruck to Wait

Tesla CEO Elon Musk hints at the possible release of Full Self-Driving (FSD) V12.4 next week, with significant upgrades anticipated for Tesla drivers, excluding the Cybertruck for now. Elon Musk Teases Tesla FSD V12.4...

Whale Buys 357 Billion PEPE, Fueling Expectations of Continued Growth

In a bold move signaling strong market confidence, a crypto whale has snapped up 357 billion PEPE on Binance, propelling PEPEs price higher. This considerable acquisition coincides with the tokens recent 3% uptick and a...

South Korean Store Launches Bitcoin Meal Boxes in Novel Bithumb Partnership

In a groundbreaking collaboration, South Koreas Emart24 convenience store chain has partnered with the cryptocurrency exchange Bithumb to roll out Bitcoin-themed meal boxes. Starting May 9, around 30,000 boxes will be...

Trump Courts Crypto Enthusiasts, Promises Regulatory Freedom

In a marked shift, Donald Trump, the Republican presidential hopeful, has vowed to roll back U.S. regulations on cryptocurrencies, seeking to attract crypto supporters by accepting digital asset donations and criticizing...

K9 Finance Joins Shibarium Puppynet, Unveils Major Bone Crusher Update

K9 Finance has unveiled significant upgrades to its Bone Crusher product and secured a spot on the Shiba Inus Shibarium Puppynet allowlist. This milestone marks a pivotal advancement in their decentralized finance (DeFi)...