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No-trade-deal Brexit would hit UK growth, cost £37bn in lost output by end-2022: Oxford Economics

Feb 14, 2020 10:08 am UTC| Commentary Economy

UK-EU trade negotiations are assumed to drag on beyond the end of 2020 with either an extension of the transition period or a political fudge that has the same effect. This would prevent trade frictions from being...

Blockchain Revolution Series

Wells Fargo (WFSC) Participates In Series B Fund Raising of Blockchain Forensic Startup

Feb 14, 2020 07:20 am UTC| Research & Analysis Digital Currency Commentary

Wells Fargo seems to be testing their luck into blockchain industry, after various Wall Street players like JP Morgan and Fidelity Investments, now yet another banking giant, Wells Fargo is reportedly investing into a...

Digital Currency Revolution

FC Barcelona Partners With Blockchain Startup Chilis To Offer New Coin ‘BAR’

Feb 14, 2020 06:32 am UTC| Research & Analysis Digital Currency Commentary

FC Barcelona, the renowned football club appears to be testing their luck in cryptocurrency gamut as they are adopting digital currencies. The reputed Spanish FC Barcelona has announced that they have entered into a...

EM Asian currencies likely to advance amid global reflation policies and improving situation in China, says Scotiabank

Feb 14, 2020 06:28 am UTC| Commentary Economy

EM Asian currencies (ex-SGD) are expected to advance amid global reflation policies and improving coronavirus situation in China in the weeks ahead, according to the latest research report from Scotiabank. US consumer...

FxWirePro: Most Asian markets in green, gold trades flat at $1,575 mark

Feb 14, 2020 04:34 am UTC| Commentary

Most of the major Asian indices were trading on a higher note on Friday. Gold was trading around $1,575 mark while silver was trading flat around $17.65 mark. Japans Nikkei was trading 0.60 pct lower at 23,687.50...

LNG prices likely to remain historically weak due to oversupply, says Capital Economics

Feb 13, 2020 13:45 pm UTC| Commentary Economy

LNG prices should recover from their current coronavirus-related lows by end-year. But given the significant oversupply in the market, prices are likely to remain historically weak, according to the latest research report...

Turkish industrial production grows sharply in December

Feb 13, 2020 11:52 am UTC| Commentary

Turkish industrial production rose sharply in December. According to the Turkish Statistical Institute, the industrial production output rose 8.6 percent year-on-year, as compared with prior months year-on-year rise of 5.1...

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Economy

US Stock Futures Flat as Iran Strait of Hormuz Demands Fuel Oil Concerns

U.S. stock futures were largely flat Sunday night as investors assessed renewed geopolitical risks surrounding the Strait of Hormuz, with Iran setting conditions for fully reopening the critical oil shipping route. SP 500...

Japan Posts First Current Account Deficit in 17 Months as Dividend Payments Surge

Japan recorded a current account deficit in June for the first time in 17 months, as rising dividend payments to overseas investors and higher oil import costs weighed on the countrys external balance. The current account...

China Inflation Cools in July as CPI Misses Forecast, PPI Deflation Eases

Chinas consumer inflation slowed more than expected in July, while factory-gate prices remained firmly in deflationary territory, highlighting continued weakness in domestic demand despite signs of improvement in the...

Australian Shares Fall as Westpac Slides, Miners Gain Ahead of RBA Decision

Australian shares moved lower on Monday as a sharp decline in Westpac Banking Corporation weighed on the financial sector, while gains in mining stocks helped limit broader market losses ahead of the Reserve Bank of...

US Dollar Near Two-Month Low as Markets Await Inflation Data

The U.S. dollar traded near a two-month low against major currencies on Monday as investors turned their attention to upcoming U.S. inflation data for fresh signals on the Federal Reserves interest rate outlook. The euro...

Politics

Houthi Attack on Yemen’s Mocha Port Kills Seven, Injures 30

Seven people were killed and 30 others wounded after Houthi forces launched a large-scale drone and missile attack on Yemens Red Sea port city of Mocha, according to the Yemeni military. In a statement issued early Monday,...

Taiwan Tests Penghu Defense, Mobile Internet Limits in War Drills

Taiwans military conducted a simulated defense of the strategically important Penghu Islands on Monday as part of its annual Han Kuang military exercises, while authorities prepared to restrict mobile internet speeds in a...

Iran-Oman Hormuz Shipping Deal Nears Final Stage

Iran said Sunday that an agreement with Oman establishing new shipping lanes in the Strait of Hormuz is nearing completion, but Tehran stressed that the crucial waterway will remain closed until the United States meets...

Germany Warns of Daily Hybrid Warfare Threats

Germany is facing foreign hybrid warfare operations on a daily basis, Interior Minister Alexander Dobrindt has warned after authorities discovered an explosive-carrying drone at Leipzig/Halle Airport. Dobrindt said hostile...

ICE to Complete Nationwide Body Camera Rollout by End of August

U.S. Immigration and Customs Enforcement (ICE) will equip all officers and agents working in the field with body-worn cameras by the end of August, accelerating a nationwide rollout that was initially expected to take...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

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...

Technology

Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins

Nvidia (NVDA) could enter a multi-quarter growth cycle as shipments of its next-generation Vera Rubin AI chips begin, with BofA Global Research forecasting stronger-than-expected quarterly results and maintaining a bullish...

OpenAI Restricts Astra AI Over Cyberattack Risks

OpenAI has reportedly restricted parts of the development of its next-generation AI model, code-named Astra, after early evaluations indicated the system could potentially carry out sophisticated cyberattacks with limited...

Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium

Nvidia is reportedly preparing to invest as much as $3 billion in Lancium, a Blackstone-backed power infrastructure developer involved in the Stargate artificial intelligence infrastructure initiative, as demand for...

Meta Ordered to Pay $567M Over Child Safety Violations in New Mexico

Meta Platforms Inc. has been ordered to pay $567 million into a fund designed to address harm to young people, in a major legal ruling involving child safety on Facebook and Instagram. Judge Bryan Biedscheid of New Mexicos...

Nintendo Shares Jump as Switch 2 Sales Boost Earnings

Nintendo shares surged nearly 5% on Friday after the Japanese gaming giant reported stronger-than-expected first-quarter earnings and upgraded its full-year financial outlook, supported by robust demand for the new Switch...
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