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German business confidence improves despite Britain’s exit from the EU

Jun 24, 2016 09:15 am UTC| Commentary Economy

Business sentiment in Germany improved Friday, despite decision by the United Kingdom to leave membership of the European Union. It seems that companies have shrugged off the risk of Britons voting to leave the European...

FxWirePro: The Day Ahead- 24th June 2016

Jun 24, 2016 09:09 am UTC| Commentary

Lots of economic dockets scheduled for today and some with high risks associated. Data released so far United Kingdom UK voted in favor of exit. BBA mortgage approvals rose to 42,200 in May. France First...

Brexit decision may drive technical recession in euro area in H2 2016

Jun 24, 2016 09:02 am UTC| Commentary Economy Central Banks

With UK voting to leave the EU, the euro area is likely to experience a technical recession due to higher uncertainty and declining investment. The euro area is now likely to grow 1.2 percent in 2016 and 0.7 percent the...

S. Korean bonds close higher as UK votes to leave EU

Jun 24, 2016 08:59 am UTC| Commentary

The South Korean government bonds closed higher on Friday after Britain has voted to leave the European Union in a historic referendum which has thrown Westminster politics into disarray and sent the pound tumbling on the...

Stability seen in Norwegian labor market

Jun 24, 2016 08:27 am UTC| Commentary Economy

The Norwegian labor market has weakened due to the downturn in the oil sector; however, a flexible labor market in other sectors growth is absorbing some of the shock. Rise in unemployment is slower in 2016 than last year,...

Briferendum Series

Briferendum Series: Prime Minister David Cameron announces step down, Carney assures actions if necessary

Jun 24, 2016 08:15 am UTC| Commentary

This was somewhat expected that he will have to step down. With so much at stake, somebody was sure to take the so-called blame or responsibility. Though Cameron previously said that he will continue despite an exit, it...

Briferendum Series

Briferendum Series: How the UK and its 12 regions voted?

Jun 24, 2016 07:47 am UTC| Commentary

Vote counting of the UK referendum is done with and its a Brexit. In the final result, the Leave campaign secured 51.9 percent supports while the Remain camp secured 48.1 percent. Considering the closeness in the race...

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Economy

RBA Rate Hike Outlook: Impact on AUD/USD and ASX 200

The Reserve Bank of Australia (RBA) is widely expected to raise interest rates by 25 basis points to 4.35% following its May 5 policy meeting, marking its third increase this year. This anticipated move would return the...

Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns

Concerns that the eurozone could face a recession are increasingly valid as geopolitical tensions in the Middle East continue to disrupt global markets, according to European Central Bank (ECB) Governing Council member and...

Yen Stabilizes After Suspected Intervention as Global Currency Markets Stay Cautious

The Japanese yen showed signs of stability in early Asian trading, gaining modest ground after several volatile sessions driven by suspected government intervention. The currency strengthened by 0.1% to 156.885 per dollar,...

Asian Stocks Rise as South Korea Hits Record High on AI Chip Rally

Asian stock markets opened the week on a positive note, led by a strong surge in South Korean equities and renewed momentum in Hong Kongs technology sector. Investor sentiment across the region improved as markets reacted...

Bank of Korea Signals Potential Interest Rate Hikes as Inflation Remains Elevated

The Bank of Korea (BOK) is signaling a shift toward a more hawkish monetary policy stance, with senior officials indicating that interest rate hikes may soon be back on the table. Ryoo Sang-dai, senior deputy governor and...

Politics

Australia Launches Public Hearings on Bondi Beach Shooting and Rising Antisemitism

Australia has officially opened public hearings into the Bondi Beach mass shooting that occurred in December, marking a significant step in a broader national inquiry into antisemitism and social cohesion. The tragic...

Ukraine Drone Strikes Hit Russian Oil Port Primorsk and Naval Targets

Ukraine has intensified its long-range drone campaign against Russia, targeting key energy infrastructure and military assets in a large-scale overnight assault. Ukrainian forces reportedly struck the Baltic Sea port of...

Taiwan President Lai Ching-te Visits Eswatini Amid Rising China Pressure

Taiwan President Lai Ching-te has arrived in Eswatini, marking a significant diplomatic move after his earlier trip was delayed due to restricted airspace access reportedly influenced by China. The visit underscores...

Japan Signals Potential Shift on Arms Exports, Opening Door to Ukraine Support

Japans recent decision to relax its long-standing weapons export restrictions has created a potential pathway for future defense cooperation with Ukraine, according to Kyivs ambassador to Tokyo. While no immediate arms...

Poland Sees No Delays in U.S. Patriot Missile Defense Deliveries Despite Stockpile Concerns

Poland has not received any signals suggesting delays in the delivery of U.S.-made Patriot air defense systems, according to Defence Minister Wladyslaw Kosiniak-Kamysz. His statement comes amid growing concerns across...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

Anthropic’s $1.5B AI Venture with Wall Street Firms Targets Private Equity Market

Anthropic is reportedly nearing completion of a major $1.5 billion joint venture with leading financial institutions, including Blackstone and Goldman Sachs, aimed at expanding the use of artificial intelligence tools...

Samsung Appoints New TV Business Head Amid Rising Competition from Chinese Rivals

Samsung Electronics, the worlds leading TV manufacturer, has made a significant leadership change in its television division for the first time in over two years. The company announced that Lee Won-jin, formerly head of...

U.S. Cybersecurity Pushes Faster Patch Deadlines Amid Rising AI-Driven Threats

U.S. cybersecurity officials are exploring significantly shorter deadlines for fixing critical vulnerabilities in government IT systems, driven by growing concerns that hackers are leveraging advanced artificial...

Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue

Apple delivered a strong fiscal Q2 2026 performance, reporting record-breaking revenue and profit growth fueled by robust iPhone sales and expanding services. The tech giant posted earnings of $2.01 per share on $111.18...

FBI Warns of China’s Expanding Hack-for-Hire Network Amid Extradition Case

The Chinese governments alleged hack-for-hire ecosystem is rapidly expanding and becoming increasingly difficult to control, according to a senior FBI official. Speaking on Thursday, FBI Assistant Director Brett Leatherman...