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Central Banking Series

Inflation: why prices look likely to stay high in the UK and Ireland, and what that means for mortgages

Jun 16, 2023 06:04 am UTC| Economy Central Banks

The European Central Bank (ECB) has raised its three key interest rates by 0.25% to their highest levels in more than 20 years. The ECBs main refinancing rate which dictates the cost of borrowing across much of Europe,...

Food insecurity already affects 12 million US homes -- and reductions in SNAP benefits won't help

Jun 16, 2023 06:01 am UTC| Economy

Millions of Americans struggle to afford healthy meals and nutritious food. Known as food insecurity, this problem was already rising when Supplemental Nutrition Assistance Program, or SNAP, benefits previously called...

McDonald's Philippines to Offer 20,000 Jobs, Launches NewJeans Chicken Dance Campaign

Jun 16, 2023 04:59 am UTC| Life Economy Business

McDonalds Philippines unveils plans for significant expansion, aiming to generate 20,000 jobs alongside its globally appealing NewJeans Chicken Dance Campaign. Currently boasting nearly 60,000 staff members, the...

Burger King Unveils Innovative Shrimp Whopper in Japan; U.S. App Delivery Charges Adjusted

Jun 16, 2023 01:24 am UTC| Life Economy Business

Burger King stirs up the fast food industry with the new Shrimp Whopper, a tantalizing surf and turf burger, debuting in Japan. Concurrently, U.S. patrons will face increased delivery charges when ordering through the BK...

America’s Roundup: Dollar dips as investors assess US data, Fed rate signals ,Wall Street ends high, Gold bounces back, Oil futures up 3% on strong China refinery data

Jun 16, 2023 00:48 am UTC| Market Roundups Economy

Market Roundup US May Retail Sales Ex Gas/Autos (MoM) 0.4%, -0.3% forecast,0.6% previous US May Retail Control (MoM) 0.2%,0.0% forecast,0.7% previous US May Core Retail Sales (MoM) 0.1% 0.1% forecast,0.4%...

Honda Breaks into Electric Motorcycle Market With Commuter-friendly EM1 e:; Announces Ambitious Electric Expansion

Jun 16, 2023 00:33 am UTC| Economy Business Life

Revving into the future, Honda Motor Co. has announced its first electric motorcycle, the EM1 e:, available for purchase on August 24th. This game-changing vehicle, perfect for daily commutes, signifies Hondas strategic...

Europe Roundup: Euro inches lower ahead of ECB meet, European shares mixed ,Gold retreats, Oil up on strong China refinery data

Jun 15, 2023 12:07 pm UTC| Market Roundups Economy

Market Roundup Swiss May PPI (MoM) -0.3%,0.1% forecast,0.2% previous Swiss May PPI (YoY) -0.3%,-0.2% forecast,1.0% previous French May CPI (MoM) -0.1%, -0.1% forecast,0.6% previous French May...

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Economy

US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns

The United States has initiated a new trade investigation into Vietnams handling of intellectual property (IP) rights, a move that could eventually lead to additional tariffs on Vietnamese imports. The investigation,...

US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook

The U.S. dollar weakened slightly on Friday as investor confidence improved following comments from President Donald Trump regarding a possible peace agreement between the United States and Iran. The prospect of easing...

Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar

Asian currencies traded in a narrow range on Friday while the U.S. dollar remained largely unchanged, as investors assessed reports suggesting the United States and Iran are close to extending their ceasefire agreement....

Asian Stocks Rally as AI Boom and Iran Ceasefire Progress Lift Market Sentiment

Asian stock markets posted strong gains on Friday, supported by a global technology rally and growing optimism surrounding a potential extension of the ceasefire between the United States and Iran. Investor confidence...

Tokyo Inflation Cools in May, Supporting BOJ’s Cautious Rate Hike Path

Tokyo consumer inflation slowed in May, reinforcing expectations that the Bank of Japan (BOJ) will continue taking a measured approach to monetary policy tightening as inflationary pressures remain moderate. According to...

Politics

US Southern Command Chief Holds Rare Military Meeting With Cuban Officials at Guantanamo Bay

A rare high-level military meeting between the United States and Cuba took place at the perimeter of the U.S. Naval Station at Guantanamo Bay, marking a significant development in U.S.-Cuba relations amid growing...

Trump Nears Decision on Iran Ceasefire Extension as Key Disputes Remain

U.S. President Donald Trump said Friday that he is close to making a final decision on a proposed agreement to extend the current ceasefire with Iran, although major disagreements between Washington and Tehran continue to...

Trump Signs Executive Order to Expand Access to Federal Lands in the U.S.

U.S. President Donald Trump signed an executive order on Friday aimed at removing restrictions that limit access to federal lands across the United States, according to a statement from the White House. The move is part of...

Netanyahu Gaza Expansion Plan Sparks Hamas Condemnation and International Concern

Israeli Prime Minister Benjamin Netanyahus announcement that Israel plans to expand its area of control in Gaza has drawn strong criticism from Hamas, European governments, and residents of the Palestinian territory. The...

Russia Prepares New Large-Scale Attack on Ukraine, Zelenskiy Warns

Ukrainian President Volodymyr Zelenskiy has warned that Russia is preparing a major new attack on Ukraine, citing intelligence reports that indicate plans for a large-scale military strike. The announcement comes as...

Science

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...

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...

Technology

Kentucky School District Secures $27 Million in Social Media Addiction Lawsuit Settlements

A Kentucky school district has secured nearly $27 million in settlements from major social media companies over allegations that their platforms contributed to a growing student mental health crisis. The financial details,...

MongoDB Q1 FY2027 Earnings Beat Expectations, Raises Full-Year Outlook

MongoDB (NASDAQ: MDB) delivered stronger-than-expected first-quarter fiscal 2027 results, fueled by growing demand for its database platform among enterprises and organizations developing artificial intelligence...

SpaceX IPO Could Become Largest in History with $1.8 Trillion Valuation Target

Elon Musks SpaceX is reportedly moving forward with plans for a historic initial public offering (IPO), targeting a valuation of at least $1.8 trillion. According to a Bloomberg News report citing sources familiar with the...

Autodesk Beats Q1 Estimates, Acquires MaintainX for $3.6 Billion

Autodesk (NASDAQ: ADSK) reported stronger-than-expected financial results for its fiscal first quarter and announced a major $3.6 billion acquisition of MaintainX, a move that strengthens its position in AI-powered...

US Quantum Stocks Surge After $2 Billion Government Investment

The U.S. Department of Commerce has sparked major excitement across the technology and financial sectors after announcing plans to invest $2 billion into quantum computing and advanced hardware companies through the CHIPS...