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Sat, Jun 29, 2024 01:01 AM All times are UTC

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Greece capital controls now seem likely

Jun 29, 2015 09:59 am UTC| Commentary

It seems unlikely that Greece can escape capital controls. Once in place, these will take time to lift; in the case of Cyprus, it took two years.Even under what currently seems the more likely outcome of a vote to "accept"...

Financial investors could sell off their oil investments due to higher risk aversion

Jun 29, 2015 09:51 am UTC| Commentary

Oil prices are down as the new week of trading begins. Brent has fallen below $62 per barrel, while WTI is priced at less than $58.5 per barrel.The escalation of the debt crisis in Greece (see Precious metals below) has...

Wheat prices in Chicago and Paris rise to multi-month highs

Jun 29, 2015 09:25 am UTC| Commentary

The International Grains Councils decision on Thursday to reduce the expected figure for the global crop in 2015/16 is likely to have driven up the price of wheat, as no doubt have the unfavourable weather forecasts for...

Gold price jumps only temporary, but ongoing Greek uncertainty to support the price

Jun 29, 2015 09:20 am UTC| Commentary

The debt crisis in Greece, which escalated dramatically over the weekend, is driving up gold prices as the new week gets underway.The markets seem to be calming down again after this first hefty reaction, however: the euro...

Sharp drop in Norway's retail sales

Jun 29, 2015 08:57 am UTC| Commentary

Norwegian retail sales fell sharply in May with 3,4% m/m.The sharp downturn in May retail sales must be seen in relation to the strong April figure at +2,0%, notes Nordea Bank. However that move is more than reversed with...

BoJ’s Tankan survey indicates firm recovery of economy

Jun 29, 2015 07:51 am UTC| Commentary

The current business condition diffusion index (DI) for large manufacturers is likely to improve to +14 in Q2 from +12 in Q1. After rising to +17 in Q1 2014 due to the temporary increase in consumption ahead of the...

BoJ’s Tankan survey indicates firm recovery of economy

Jun 29, 2015 07:51 am UTC| Commentary

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Economy

For the next prime minister to solve the UK’s productivity problem, they must attract more foreign investment – here’s how

The British economy has a serious productivity problem that will have to be addressed by the next government. According to data from the OECD (the Organisation for Economic Co-operation and Development), productivity...

Brexit boredom is one thing – but there’s a real problem when Britain’s leaders won’t even talk about Europe anymore

British politics has, in recent years, been plagued by two competing forces when it comes to Europe. On one side, there is an understanding that the UK and the EU need to rub along, because of their proximity and...

Space arms race may be underway

As conflict rages on Earth, an arms race may be underway in outer space. On May 30, a US diplomat warned that Russia had launched a weapon into orbit, something Russias deputy foreign minister, Sergey Ryabkov, branded as...

Mauritius’ next growth phase: a new plan is needed as the tax haven era fades

Mauritians will head to the polls by November 2024 and politicians are considering the economic direction of the island country. For the last two decades, the countrys economic growth has depended heavily on its...

Canadians are feeling increasingly powerless amid economic struggles and rising inequality

If you feel like youre being pushed around in life, youre not alone. Our recent research has found that Canadians are increasingly feeling a sense of powerlessness in their lives. This sentiment has been steadily...

Politics

Microsoft-G42 Deal Forces Huawei Exit, White House Hails Move

The White House praised Microsofts $1.5 billion investment in G42, emphasizing the positive impact of ending relations with Huawei on AI security. White House Sees Positive Shift in UAE Tech Alliances According to...

Three ways politicians always promise to raise money without increasing taxes – and why they rarely deliver

After weeks of controversy over Labour and Conservative costings in which each side accused the other of dishonesty the manifestos show that both parties had wildly exaggerated their rivals plans. But there has been...

Election 2024: migrants aren’t to blame for Britain’s housing crisis

Migration has become the most toxic issue in British politics, driving intensely emotional debates that are often based on prejudice and misunderstanding. Similarly emotional is housing a finite resource in high demand at...

How Vladimir Putin projects his image as a modern-day Peter the Great

Russian energy giant Gazprom is reported to have been hit particularly hard by sanctions imposed as a result of the war with Ukraine. An internal report obtained and published by the Financial Times has forecast that the...

Another election, another round of Nigel Farage hype, with no lessons learned

Nigel Farage, a man who has never been elected to the House of Commons despite years of trying, has again been allowed to set the agenda in the UK. Ten years after Ukip won the European parliament elections, throwing...

Science

SpaceX to Help NASA Deorbit ISS; Starlink Lands Major Comcast Business Partnership

SpaceX will develop the U.S. Deorbit Vehicle so that NASA can safely deorbit the ISS by 2030. Meanwhile, SpaceX Starlink secures a significant partnership with Comcast Business to enhance rural connectivity. NASA Taps...

Japan Discovers 230 Million Ton Manganese Deposits, Boosting EV Battery Industry

Japan has discovered 230 million tonnes of manganese deposits near Minami-Torishima Island, potentially transforming its EV battery industry by significantly reducing reliance on imports and providing enough cobalt and...

Keeping astronauts healthy in space isn’t easy − new training programs will prepare students to perform medicine while thousands of miles away from Earth

In the coming decade, more people will go to space than ever before as human spaceflight enters a new era. NASA, the European Space Agency and other governmental agencies are partnering to develop crewed missions beyond...

Nations realise they need to take risks or lose the race to the Moon

The Nasa-led Artemis-3 mission will place the first human boots on the surface of the Moon since Apollo 17s Gene Cernan and Harrison Schmitt left the lunar surface in December 1972. The goal of the Artemis programme is...

Some of Earth’s most ancient lifeforms can live on hydrogen – and we can learn from their chemical powers

Three-quarters of all matter in the universe is made up of hydrogen. The young Earth was also rich in hydrogen, thanks to fierce geological and volcanic activity. Just as stars burn hydrogen to produce heat and light...

Technology

Bitcoin Miner Sell-Off Eases with 85% Drop in Withdrawals After Halving

Bitcoin miner withdrawals have plummeted nearly 90% since the April halving, significantly reducing sell pressure. According to CryptoQuant, the decline in withdrawals from miner-affiliated wallets signals a potential...

Kraken Co-Founder Jesse Powell Donates $1M in Ether to Support Trump Campaign

Jesse Powell, co-founder of Kraken, announced on X his $1 million donation in Ether to Donald Trumps 2024 presidential campaign. Powell emphasized Trump as the only major pro-crypto candidate, criticizing the current...

Bitcoin Price Poised for Breakout as Options Expiry Looms: Key Levels to Watch

Traders anticipate a significant breakout in Bitcoins price as the options expiry approaches today. BTC, currently trading at $61,657 with a market cap of $1.2 trillion, has experienced a June downtrend. Analysts predict...

Indian Police Bust $200K 'Max Crypto' Ponzi Scheme, Arrest Main Suspect

A resident of Mangalore, Karnataka, has been apprehended for orchestrating a cryptocurrency Ponzi scheme, defrauding over 50 individuals. Kunjathbail Mujib Sayyad was arrested in Hyderabad for his involvement in the Max...

Nigeria’s SEC Chief: Crypto Can Benefit 38M Unbanked, Boost Market to $52.5M by 2028

A spot Solana ETF in the United States could become a reality with a change in SEC leadership, according to industry experts. The current regulatory environment poses challenges, but a new administration might pave the way...