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Wed, Nov 27, 2024 06:39 AM All times are UTC

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Better outlook for mining states likely to support Australia's economic growth - RBA's Kent

Nov 22, 2016 15:56 pm UTC| Commentary Economy

Reserve Bank of Australias (RBA) Assistant Governor Christopher Kent speaking at the Australian Business Economists Conference Dinner on Tuesday said that he reasonable prospects for overall strong economic...

Theresa May hints at transitional arrangement to alleviate Brexit process for businesses

Nov 22, 2016 15:45 pm UTC| Commentary Economy

UK Prime Minister Theresa May speaking at the Confederation of British Industrys annual conference on Monday hinted that her government was working towards avoiding a cliff edge for business when Britains two-year Brexit...

Fitch affirms China at A+ on robust external finances and strong macroeconomic track record

Nov 22, 2016 15:06 pm UTC| Commentary Economy

Fitch Ratings has affirmed Chinas Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at A+ with a Stable Outlook. Chinas senior unsecured foreign and local currency bonds are also affirmed at A+. The...

Banking fraud is costing the Nigerian economy dearly

Nov 22, 2016 13:19 pm UTC| Insights & Views Law Economy

Pervasive electronic banking fraud is affecting Nigerias banking system and costing the Nigerian economy dearly. It is also holding back the adoption of cashless technologies and has become an obstacle to financial...

U.K. monthly industrial orders improve in November, better than market expectations

Nov 22, 2016 12:39 pm UTC| Commentary Economy

Monthly industrial orders balance improved heavily during the month of November, coming in better than what markets had initially anticipated. This was the healthiest since the Brexit vote on June 23 as near-term outlook...

US interest expectations overweigh commodity price rise, likely to ensure gradual AUD depreciation against USD

Nov 22, 2016 12:11 pm UTC| Insights & Views Economy

The Australian dollar has seen notable appreciation since the start of the year. AUD had almost reached alarming heights of around A$0.79 against the USD, when the RBA reacted in May and as recently as in August and...

South Africa’s unemployment rate hits record high in Q3, signals ailing labor market

Nov 22, 2016 11:15 am UTC| Commentary Economy

Unemployment rate in South Africa hit its record-high, at least in eight years, during the third quarter of this year, signaling a continuous depression in the countrys labor market. The jobless rate rose to 27.1...

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Economy

FxWirePro- Major Economic events for the day

Time (GMT) Currency Economic Indicator Actual Forecast Previous 7:00 AM EUR German GfK Consumer...

CPI Update: Australia's Inflation Falls to 2.1%, Impacts on the AUD

Australias annual inflation rate for September 2024 stands at 2.1%, down from 2.7% in August, indicating the lowest inflation increase since July 2021. This decline is largely due to significant decreases in electricity...

Down But Not Out: RBNZ Cuts Interest Rates to Stimulate Growth

Economic Situation: The Reserve Bank of New Zealand (RBNZ) has lowered the Official Cash Rate (OCR) by 50 basis points, reducing it from 4.75% to 4.25%. This decision aims to tackle a slowing economy and falling inflation...

$7,500 EV Tax Credit at Risk: California Challenges Trump With New Statewide Rebate Proposal

As President-elect Donald Trump eyes eliminating federal EV tax credits, California Governor Gavin Newsom proposes a $7,500 state rebate to protect clean transportation efforts and keep zero-emissions vehicles affordable...

Kia and Hyundai Unshaken as BYD Sets 2025 South Korea Launch in Competitive EV Market

As BYD prepares to enter South Koreas EV market in 2025, Kia and Hyundai show no signs of concern. Experts highlight that tariffs, subsidy issues, and local consumer preferences make it challenging for BYD to compete with...

Politics

Trump’s ‘Bold Choice’ for Intelligence: Tulsi Gabbard Nomination Sparks Fury Over ‘National Security Risk

President-elect Donald Trump has nominated Tulsi Gabbard, a former Democratic congresswoman turned Republican, as the next Director of National Intelligence (DNI). The announcement has ignited sharp divisions across...

Marsha Blackburn’s Bold Proposal: ‘Freeze Federal Salaries Until Elon Musk Fixes Washington!’ Sparks Intense Debate Over Reform

Senator Marsha Blackburn (R-Tenn.) announced plans to introduce sweeping legislation aimed at freezing all federal salaries and halting hiring until recommendations from the Department of Government Efficiency (DGE) are...

Shocking Poll: ‘Majority of Young Americans Now View Trump Favorably!’ Experts Call It a Political Earthquake

A recent YouGov poll reveals a surprising shift in political attitudes among Americans aged 18-29, with a majority now holding a favorable view of Donald Trump. This development marks a significant departure from...

Trump’s Border Plan Sparks Heated Reactions: 'Tom Homan Promises Swift Action to ‘Finish the Wall’ Starting Jan. 20

Tom Homan, the newly appointed Border Czar under President-elect Donald Trump, has revealed that preparations for Trumps controversial border plan are well underway. In a recent statement, Homan emphasized that the...

Trump’s Transition Sparks Controversy: 'Refusing Taxpayer Funding is Just Another Stunt,' Critics Say Amid Policy Push

Former President Donald Trumps transition team has announced it will forego taxpayer funding for costs associated with the upcoming transition process, remaining consistent with his stated commitment to save taxpayers...

Science

From using plant rinds to high-tech materials, bike helmets have improved significantly over the past 2 centuries

Imagine its the mid-1800s, and youre riding your high-wheeled, penny-farthing bicycle down a dusty road. Sure, it may have some bumps, but if you lose your balance, youre landing on a relatively soft dirt road. But as the...

Why does everything look flat even though the Earth is round?

Ever since the ancient Greeks first made observations of the circular Moon and the skies, scientists have known that the Earth is a sphere. Weve all seen beautiful images of the Earth from space, some photographed by...

Blue Origin Prepares to Test New Glenn Rocket, Set to Rival SpaceX's Falcon Rockets

Blue Origin is making significant strides toward testing its New Glenn rocket, designed to compete with SpaceXs Falcon lineup. With seven BE-4 engines producing 3.8 million pounds of thrust, the New Glenn is set to test...

SpaceX’s $2.9 Billion Moon Ship Reveals Spacious Design for Future Lunar Missions

SpaceXs latest prototype of its Starship Human Landing System (HLS) offers an inside look at the spacious, two-story design that could soon carry astronauts to the Moon. A central feature in NASAs Artemis program, this...

CDC Urges Second COVID-19 Vaccine for Seniors: ‘Protect Your Health This Season!’ Experts Say It’s Critical

In a recent public health announcement, the Centers for Disease Control and Prevention (CDC) recommended that individuals aged 65 and older receive a second dose of the 2024-2025 COVID-19 vaccine. This additional dose, the...

Technology

Drake Hits UMG, Spotify, and Apple With Bombshell Claims Over Siri Playing Kendrick Lamar’s ‘Not Like Us’

Drake has taken legal action against Universal Music Group and Spotify, accusing the companies of conspiring with Apples Siri to promote Kendrick Lamars Not Like Us over his music. The allegations, though unproven, ignite...

Tesla Exclusion from EV Tax Credit Proposal Blasted by Congressman as Musk Slams California's 'Insane' Plan

Californias proposed EV tax credit plan has sparked outrage, with Tesla excluded despite being the states only EV manufacturer. Congressman Ro Khanna and Elon Musk have condemned the decision, calling it harmful to local...

Google's DOJ Trial On Schedule: US Judge Rejects Delay Amid Trump Administration Shift

A US judge declined to postpone the Department of Justices antitrust trial against Google, slated for April, despite potential policy shifts under President Trumps administration. The DOJ alleges Googles illegal monopoly...

OpenAI's Sora Sparks Artist Backlash: 'We’re Not Free Bug Testers for Billion-Dollar Brands'

OpenAIs early access program for Sora, a generative AI tool marketed as a creative partner for artists, is facing severe criticism. Artists participating in the program allege that the initiative prioritizes corporate...

Tesla Out of California’s EV Tax Credit Plan? Shocking Exclusion Sparks Debate Over Federal and State Policies

Californias new EV tax credit proposal may exclude Tesla, despite its dominance in the electric vehicle market. Governor Gavin Newsom suggests the move would encourage competition, as federal subsidy changes loom under...