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German bunds pump up following lower-than-expected September manufacturing PMI; eyes on 10-year auction

Sep 23, 2019 10:25 am UTC| Commentary Economy

The German bunds pumped up during European trading session Monday after the countrys manufacturing PMI for the month of September came in lower than market expectations, diving further into contraction...

Australian bonds jump in muted trading ahead of RBA Governor Lowe’s speech amid global tensions

Sep 23, 2019 04:25 am UTC| Commentary Economy

The Australian government bonds jumped during Asian session of the first trading day of the week Monday amid a muted session that witnessed data of little economic significance ahead of the Reserve Bank of Australias (RBA)...

Wall Street is ignoring the omens of recession – here's why

Sep 22, 2019 14:09 pm UTC| Insights & Views Economy

The world is on the brink of a recession, if all the breathless headlines are to be believed. So why are U.S. stocks near all-time highs? Thats a question my MBA students have been asking me lately. Even the Federal...

PayID data breaches show Australia's banks need to be more vigilant to hacking

Sep 22, 2019 14:08 pm UTC| Insights & Views Economy

When we think of a bank robbery, we might imagine a safe with the door blown open. But nowadays it might be more accurate to picture criminals accessing our bank account online from another country. Bank robbers dont need...

U.S. Treasuries slip ahead of host of FOMC members’ speeches

Sep 20, 2019 11:59 am UTC| Commentary Economy

The U.S. Treasuries slipped slightly during Fridays afternoon session ahead of a host of speeches by members of the Federal Open Market Committee (FOMC) Williams and Rosengren, scheduled to be delivered today by 12:15GMT...

RBNZ likely to leave OCR on hold at 1.00 pct next week, leave door open to further cuts: ANZ Research

Sep 20, 2019 11:12 am UTC| Commentary Central Banks Economy

The Reserve Bank of New Zealand (RBNZ) is expected to leave the Overnight Cash Rate (OCR) on hold at 1.00 percent at its monetary policy meeting next Wednesday, but leave the door open to further cuts, according to the...

UK gilts suffer after BoE’s unchanged policy decision fails to create major market impact

Sep 20, 2019 10:18 am UTC| Commentary Economy

The United Kingdoms gilts suffered during European trading hours Friday, after the Bank of Englands (BoE) unchanged monetary policy decision did not create any major economic impact on markets, thus making investors trade...

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Economy

East Germany Narrows Economic Gap With West but Wealth Divide Persists

More than three decades after German reunification, the economy of former East Germany has made major progress toward matching the west, particularly in employment and household income. However, significant differences...

Trump Threatens EU Tariffs Over Canada Membership Proposal

U.S. President Donald Trump has threatened to impose steep tariffs on the European Union if Brussels moves ahead with a proposal to make Canada the blocs first associate member, raising the prospect of renewed trade...

BOJ Set for 25-Basis-Point Rate Hike as Yen Weakness Fuels Inflation

The Bank of Japan is widely expected to raise interest rates by 25 basis points on September 18, as policymakers confront persistent inflation and prolonged weakness in the Japanese yen. The anticipated BOJ rate hike would...

Asian Currencies Mixed as Dollar Holds Gains After Fed Rate Hike

Asian currencies traded mixed on Thursday as the U.S. dollar remained near a seven-week high following the Federal Reserves first interest rate increase in three years. The Japanese yen stayed near a two-week low as...

Gold Rebounds Above $4,300 Despite Hawkish Fed Rate Hike

Gold prices rebounded on Thursday, climbing back above the $4,300-an-ounce level as investors assessed the Federal Reserves first interest rate hike in three years and its signal that further monetary tightening could come...

Politics

ICE Agent Arrested in Minneapolis Over Venezuelan Man Shooting

A federal immigration officer accused of shooting and wounding a Venezuelan man during a Minneapolis immigration operation was arrested Wednesday, eight months after the incident became a focal point of controversy...

Paris Talks Focus on Lebanon Army Needs as UNIFIL Exit Looms

European and Arab military chiefs are set to meet in Paris on Thursday to assess the Lebanese Armed Forces military and financial needs as concerns grow over the planned withdrawal of U.N. peacekeepers and the risk of...

US-China Experts Push AI Nuclear Safeguards to Prevent Military Escalation

U.S. and Chinese security experts are calling for stronger safeguards on military artificial intelligence, warning that autonomous AI systems could trigger a dangerous escalation between the two nuclear powers if their...

North Korea Vows to Expand Nuclear Arsenal Amid U.S.-Led Military Buildup

North Korea has reaffirmed plans to expand its nuclear arsenal, arguing that increased U.S.-led military cooperation with South Korea and Japan has made a stronger nuclear deterrent necessary. Speaking Thursday at the...

Trump Eyes End to Iran War, Plans Gulf Leaders Meeting

U.S. President Donald Trump said Wednesday that he hopes the seven-month war with Iran is approaching an end, as reports indicate he plans to meet Gulf leaders in New York next week to discuss the conflict and a potential...

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

France Urges Faster AI Push Despite Safety Risks

French Finance Minister Roland Lescure has pushed back against calls to slow artificial intelligence development, arguing that such proposals could benefit U.S. technology leaders while making it harder for France and...

Guterres Urges Stronger Global AI Safeguards Ahead of UN Assembly

United Nations Secretary-General Antonio Guterres warned world leaders on Wednesday that the rapid development of artificial intelligence carries significant risks that governments cannot afford to overlook, highlighting a...

Databricks to Invest $350 Million in Singapore AI Expansion

Databricks plans to invest more than $350 million in Singapore over the next three years, expanding its presence in the city-state as demand rises for its data and artificial intelligence products. The privately held data...

SK Hynix, Intel Discuss U.S. Memory Chip Production Deal

SK Hynix is reportedly in discussions with Intel over a potential agreement to manufacture memory chips in the United States, a move that would mark the South Korean semiconductor giants first U.S.-based memory production....

DOJ Will Investigate AI-Related Crimes, Attorney General Blanche Says

U.S. Attorney General Todd Blanche said the Department of Justice will investigate individuals or companies connected to artificial intelligence when there is evidence they have violated federal criminal law, while...