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Mon, May 13, 2024 09:18 AM All times are UTC

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UK gilts rally after EU leaders agree to Article 50 deadline extension to avoid no-deal Brexit next week

Mar 22, 2019 11:35 am UTC| Commentary Economy

The United Kingdoms gilts rallied during Fridays afternoon session, after the European Union leaders have finally agreed to an extension of the Article 50 deadline to avoid a no-deal Brexit next week. If the House of...

German bunds jump following lower-than-expected March manufacturing PMI

Mar 22, 2019 10:16 am UTC| Commentary Economy

The German bunds jumped during European session Friday after the countrys manufacturing PMI for the month of March came in lower than market expectations. This mornings European dataflow has added new downwards pressure to...

Germany manufacturing PMI for March registers lowest reading in over six-and-half years

Mar 22, 2019 09:29 am UTC| Commentary Economy

Germanys manufacturing PMI for the month of March, released by IHS Markit, registered 44.7 in March, down from 47.6 in February and its lowest reading in over six-and-half years. The index has now fallen in 14 of the past...

JGB 10-year yield slump to over 2-year low tracking global peers after Fed delivers dovish stance

Mar 22, 2019 06:51 am UTC| Commentary Economy

The Japanese 10-year government bond yield slumped to over 2-year low Friday tracking a buying in the global debt market after the Federal Reserve delivered a dovish stance at its monetary policy meeting held on...

Australian 10-year bond yield dips to 2-1/2 year low as global central banks adopt dovish stance; focus on Brexit uncertainty

Mar 22, 2019 05:06 am UTC| Commentary Economy

Australian government bonds gained during Asian trading session Friday as investors moved towards safe-haven assets amid end of monetary-policy normalization by major global central banks. Market attention was largely...

Subsidized privilege: The real scandal of American universities

Mar 22, 2019 04:26 am UTC| Insights & Views Economy

U.S. federal prosecutors have charged 50 people 38 of them are parents for allegedly being involved in fraud schemes to secure spots at Yale, Stanford and other big-name schools. Prosecutors accused some parents of...

Fed’s monetary policy decision likely to weigh on DXY Index amid global reflation policies

Mar 22, 2019 03:27 am UTC| Commentary Economy Central Banks

The Federal Reserves monetary policy decision is expected to weigh on the DXY Index and prop up EM Asian currencies amid global reflation policies, particularly if the US and China agree to a trade deal in April, according...

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Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US student Gaza protests: five things that have been missed

Coverage of the recent student encampments at more than 50 universities across the United States has focused on confrontations between opposing groups of protesters or between protesters and police. The spectacle of...

Will Solomon Islands’ new leader stay close to China?

Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

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,...

Technology

Billionaire Mark Cuban Urges SEC to Emulate Japan's Crypto Strategy Amid Regulatory Challenges

In a revealing social media post, billionaire Mark Cuban called SEC Chairman Gary Gensler to consider adopting Japans cryptocurrency regulatory framework. Cuban highlighted Japans recovery from major setbacks like the Mt....

What Silicon Valley's Elite Say About the Future of Crypto

The high-tech industry continues to aggressively advance in the blockchain industry, proposing and developing new solutions that improve and make Web3s goods more usable by both general consumers and sophisticated industry...

Crypto Scam Uses Elon Musk Deepfake as 'Developer' to Lure Investors

Elon Musk did not develop the sketchy cryptocurrency trading platform that a random user on Facebook recommends you invest in. The Hong Kong Securities and Futures Commission issued a warning last week on deepfake...

OpenAI To Announce ChatGPT 5 Potential Updates This Week Including Voice Features And Real-Time Interaction

The growing excitement among enthusiasts in the artificial intelligence (AI) area will climax as OpenAI releases its upcoming developments. Users have been speculating and making guesses, hoping to catch a glimpse and...

Tesla's New Battery Chief Aims for Cost Cuts in Cybertruck, Model Y

Tesla recently parted ways with officials from several areas, including public policy, powertrain, and 4680 battery facility production. Bonne Egglestons Strategy for Reducing Battery Costs Elon Musk may have thought...