Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Economy

Mon, Apr 29, 2024 08:50 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

USD/CNY, USD/CNH remains volatile and 7.00 mark remains a critical level for now: Commerzbank

Nov 06, 2019 09:03 am UTC| Commentary Economy

The USD/CNY and USD/CNH currency pairs have become quite volatile and the 7.00 mark remains a critical level for now. However, trade headlines is still the key catalyst, according to the latest research report from...

Imports compression continues in Philippines, pointing to better Q3 GDP: ING Economics

Nov 06, 2019 07:19 am UTC| Commentary Economy

The pullback in Philippines September imports, despite the drop in exports, means that net trade will likely not weigh on overall growth momentum in GDP accounting for the third quarter of this year, according to the...

RBNZ likely to keep rates on hold in November before cutting twice next year, says Capital Economics

Nov 06, 2019 06:38 am UTC| Commentary Central Banks Economy

The Reserve Bank of New Zealand (RBNZ) is expected to keep rates on hold in November before cutting twice next year, while the consensus expects rates to be cut in November and once more in 2020, according to the latest...

New Zealand unemployment rises to 4.2 pct in September quarter, higher than market expectations

Nov 06, 2019 04:22 am UTC| Commentary Economy

New Zealands unemployment rate rose back to 4.2 percent in the third quarter of the year. This was in line with ANZ expectations, but slightly higher than the market expected. The 4.2 percent print reflected a bounce-back...

Australian bonds maintain downtrend tracking U.S. Treasuries on optimistic trade deal news

Nov 06, 2019 03:36 am UTC| Commentary Economy

The Australian government bonds continued to down trend during Asian session Wednesday tracking a similar movement in the United States Treasuries after optimism struck over the U.S.-China trade deal, urging investors to...

Violence in South Africa: the search for root causes

Nov 05, 2019 11:57 am UTC| Insights & Views Economy

South Africans are frequently reminded of just how violent the country is. Attacks on foreign nationals and the killing of women and children have been prominent in the news. The latest crime statistics show that between...

Future of Coal Series

As the coal industry shrinks, miners deserve a just transition – here's what it should include

Nov 05, 2019 11:57 am UTC| Insights & Views Economy

Murray Energy, one of the biggest private U.S. coal companies, has become the fifth coal company to file for bankruptcy in 2019. Union leaders and many elected officials worry that in addition to the 7,000 miners on...

1421 1422 1423 1424 1425 1426 1427 1428 1429 1430

Economy

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Why is the London Stock Exchange losing out to the US

London Stock Exchange (LSE), which can trace its heritage to the coffee houses of the 17th century, is failing. The volume of shares traded is sharply declining, and some UK companies are swiftly moving to the US...

Why Germany ditched nuclear before coal – and why it won’t go back

One year ago, Germany took its last three nuclear power stations offline. When it comes to energy, few events have baffled outsiders more. In the face of climate change, calls to expedite the transition away from fossil...

Politics

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

Turkey’s suppression of the Kurdish political movement continues to fuel a deadly armed conflict

The world has 91 democracies and 88 autocracies. Yet 71% of the worlds population (some 5.7 billion people) are living under autocratic rule, a big jump from 48% ten years ago. This trend towards authoritarianism can...

Science

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

LG Uplus, Kakao Mobility EV Charging Joint Venture Approved by the FTC

LG Uplus and Kakao Mobilitys joint venture to operate electric vehicle charging stations has been approved by the Fair Trade Commission. The antitrust regulator approved the JV on Monday, April 29. FTCs Crucial...

KT Innovates Media, Content Business Through AI

KT Group is transforming its media and content business through artificial intelligence (AI). The company is innovating the mentioned units as part of its acceleration strategy. According to Yonhap News Agency, KT said...

Musk Engages China: Baidu’s Data Deal and High-Stakes Hotel Meet with CATL

Tesla CEO Elon Musk is making headlines with a double play in China: securing critical navigation data from Baidu and engaging in strategic talks with CATL. These moves underline Teslas push to lead in global tech and...

Elon Musk Injects $10 Billion Into Tesla AI, Eyes Autonomous Robotaxi

Elon Musk has declared a monumental $10 billion investment in Teslas artificial intelligence, setting the stage for advanced autonomous driving and a potential Robotaxi service. Tesla to Invest $10 Billion in AI for...

OpenAI and Worldcoin Eye Strategic Partnership Amid Regulatory Gaze

Amid escalating regulatory scrutiny, OpenAI, led by Sam Altman, is reportedly discussing a potential partnership with Worldcoin, another venture Altman co-founded. As detailed by Bloomberg, these talks could lead to...