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Mon, Apr 13, 2026 10:59 AM All times are UTC

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Reassurance likely on the UK's output trend

May 21, 2015 05:38 am UTC| Commentary

The big fall in the April manufacturing PMI of UK from 54.0 to 51.9 has caused the market to become a little gloomy about the prospects for the manufacturing sector. That concern was also fed by the surprisingly weak Q1...

UK's weak sales will mask firm trend

May 21, 2015 05:32 am UTC| Commentary

The variable timing of Easter regularly plays havoc with the monthly path of UKs retail sales and this year has proved no exception. The survey period for the official April data this year takes in the second half of the...

Euro area's manufacturing PMI to soften; services PMI to strengthen

May 21, 2015 05:27 am UTC| Commentary

The euro area manufacturing PMI is expected to soften from 52.0 to 51.8 in May. On the other hand, the PMI for the services sector should marginally increase from 54.1 to 54.3. Historically, such PMI levels (for both the...

US FOMC minutes push first rate hike into H2

May 21, 2015 05:15 am UTC| Commentary

The minutes of the late April FOMC meeting revealed that most officials still believed the weakness in first-quarter activity was "partly or even largely transitory". Regardless of whether it was transitory or more...

New Zealand initiates new policies

May 21, 2015 04:32 am UTC| Commentary

Many of the new policy initiated by New Zealand government covered in the Budget had already been well-signalled, including further chunky ACC levy cuts in 2015/16 and 2016/17, a tightening of capital gains tax rules...

April FOMC minutes did not completely rule out a June hike

May 21, 2015 04:22 am UTC| Commentary

The April FOMC minutes revealed that Fed officials still expect the economy will rebound after the soft 1Q, but conviction was not quite as high. As a result, "many" participants viewed a June rate hike as "unlikely".The...

DAILY ECONOMIC OUTLOOK: May 21st, 2015

May 21, 2015 04:17 am UTC| Commentary

The euro area economy outperformed both the US and the UK in Q1, but todays releases may provide further evidence that business sentiment is easing in the current quarter. The preliminary flash PMI reports for both...

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Economy

Gold Prices Slip as Dollar Strengthens Amid U.S.-Iran Tensions and Rising Inflation

Gold prices declined on Monday as a strengthening U.S. dollar and persistent inflation concerns weighed heavily on the precious metal. Spot gold dropped 0.6% to $4,720.67 per ounce, while gold futures slid 0.9% to...

Iran War Fallout: How Sri Lanka, Pakistan, and Egypt Are Struggling With Rising Energy Costs

Sri Lankas tourism industry was hoping 2025 would finally mark a full recovery from years of economic hardship. Instead, the outbreak of war involving Iran sent oil prices surging 40%, forcing the government to raise fuel...

Italy's Bond Market Under Pressure as Middle East Conflict Exposes Economic Fragility

Italys financial vulnerabilities have come into sharp focus amid ongoing conflict in the Middle East, with surging energy costs and mounting political uncertainty weighing heavily on Italian government bonds. In March,...

Asia FX Slides as Dollar Surges Amid U.S.-Iran Tensions and Inflation Fears

Asian currencies broadly declined on Monday as the U.S. dollar attracted safe-haven demand following the collapse of U.S.-Iran peace negotiations and mounting concerns over a potential American blockade of Iranian ports....

Oil Prices Surge as U.S. Imposes Blockade on Iranian Shipping Amid Ongoing Middle East Tensions

Global financial markets were rattled Monday after the United States announced a blockade on Iranian shipping following the breakdown of weekend peace negotiations. The decision has renewed fears over Middle East energy...

Politics

U.S. Blockades Strait of Hormuz Amid Escalating Iran Tensions

The U.S. military has announced a blockade of the Strait of Hormuz effective Monday at 10 a.m. Eastern, targeting vessels traveling to or from Iranian ports and coastal areas. Ships not bound for Iran will be permitted to...

Poll: Israelis Split on Iran Ceasefire as Netanyahu's Approval Declines

A new national poll from Hebrew University of Jerusalem reveals that nearly two-thirds of Israelis oppose the Iran ceasefire brokered by Pakistan between the United States and Iran. The survey, the first conducted after...

U.S. Blockade of Iran Begins as Nuclear Talks Collapse in Islamabad

Tensions between the United States and Iran have sharply escalated after weekend diplomatic talks in Islamabad ended without an agreement, prompting Washington to announce a full naval blockade of Iranian ports and coastal...

U.S., Australia, and Philippines Conduct Joint South China Sea Military Drills Amid Rising Tensions With China

The United States, Australia, and the Philippines wrapped up their second trilateral maritime exercises of 2025 in the South China Sea, reinforcing their collective commitment to freedom of navigation and regional security...

South Korea and Poland Forge Comprehensive Strategic Partnership Centered on Defence

South Korean President Lee Jae-myung and Polish Prime Minister Donald Tusk formally elevated bilateral ties to a comprehensive strategic partnership on Monday, placing defence cooperation at the heart of the upgraded...

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

AI Deradicalization Tools: How Chatbots Could Help Combat Violent Extremism Online

As artificial intelligence platforms become more deeply embedded in daily life, concerns about their role in enabling dangerous behavior continue to grow. A New Zealand startup is now developing a groundbreaking tool that...

Meta Is Building an AI Version of Mark Zuckerberg to Interact With Employees

Meta Platforms is reportedly developing a photorealistic artificial intelligence version of its CEO, Mark Zuckerberg, designed to engage directly with employees on his behalf. According to the Financial Times, which cited...

TSMC Posts Record Q1 2026 Profits Driven by Surging AI Chip Demand

Taiwan Semiconductor Manufacturing Co. (TSMC) is on track to deliver its fourth straight quarter of record-breaking earnings, with analysts forecasting a 50% jump in net profit for the first quarter of 2026. The surge is...

OpenAI Addresses Security Vulnerability in macOS App Certification Process

OpenAI disclosed a security concern on Friday involving a third-party developer tool known as Axios, which is connected to the process used to verify the authenticity of its macOS applications. The company confirmed it has...

San Francisco Suspect Arrested After Molotov Cocktail Attack on OpenAI CEO Sam Altman's Home

San Francisco police arrested a 20-year-old suspect Friday following a pre-dawn attack on OpenAI CEO Sam Altmans residence in the citys North Beach neighborhood. According to the San Francisco Police Department, an...