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USD/KRW likely to rally through 1,200 along with USD/CNH breaking above 7.0 if US-China trade talks break down at Osaka Summit, says Scotiabank

Jun 13, 2019 09:40 am UTC| Commentary Economy

The USD/KRW currency pair is expected to rally through 1,200 along with USD/CNH breaking above 7.0 if the US-China trade talks break down at the Osaka Summit or later, according to the latest research report from...

Australia’s employment rises strongly in May, temporarily owing to election impact

Jun 13, 2019 07:24 am UTC| Commentary Economy

Australias rose by a strong 42.3k during the month of May, almost matching the revised gain for April, though an increase in the participation rate to a fresh record high kept the unemployment rate at 5.2 percent,...

JGBs end steady amid muted trading session ahead of April industrial production data

Jun 13, 2019 06:21 am UTC| Commentary Economy

The Japanese government bonds ended steady on Thursday amid a silent Asian trading session that witnessed data of little economic significance as investors wait to watch the countrys industrial production data for the...

Australian bonds gain tracking weaker-than-expected U.S. May inflation data

Jun 13, 2019 03:47 am UTC| Commentary Economy

Australian government bonds gained during early Asian session Thursday tracking a similar movement in the United States Treasuries after a weaker-than-expected growth in the latter countrys consumer price inflation (CPI)...

Inflation is healthy for the economy – but too much can trigger a recession, while too little means one may be on its way

Jun 12, 2019 23:52 pm UTC| Insights & Views Economy

In a healthy economy, prices tend to go up a process called inflation. While you might not like that as a consumer, moderate price growth is a sign of a healthy, growing economy. And, historically at least, wages tend...

Mending hearts: how a ‘repair economy’ creates a kinder, more caring community

Jun 12, 2019 23:50 pm UTC| Insights & Views Economy Technology

John switches on the power saw hes bought secondhand on eBay. The machine arcs shooting out a visible electric charge. So he takes it apart to investigate. He identifies the problem: the field coil, a current-carrying...

U.S. Treasuries jump ahead of May consumer price inflation data, 10-year auction

Jun 12, 2019 11:38 am UTC| Commentary Economy

The U.S. Treasuries jumped during Wednesdays afternoon session, ahead of the countrys consumer price index (PPI) data for the month of May, scheduled to be released today by 12:30GMT, and the benchmark 10-year Note...

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Economy

Supertanker Orders Surge as US-Iran War Reshapes Oil Trade

Shipowners are ordering supertankers at the fastest pace in at least 25 years as the US-Iran war disrupts traditional oil routes and increases demand for long-distance crude shipments. Signal Group data shows 217 Very...

Yemen Fighting Threatens Red Sea Oil Routes

Escalating fighting in Yemen is forcing civilians to flee across the Red Sea while raising fresh concerns over global oil supplies as the wider Middle East conflict spreads to critical energy routes. More than 100,000...

European Stocks Rally After Fed Hike, Iran Peace Hopes

European stocks rallied on Thursday as investors welcomed the Federal Reserves first interest rate increase in more than three years while signs of potential diplomatic progress in the Middle East boosted market sentiment....

US Stock Futures Rally as Markets Digest Fed Rate Hike

U.S. stock futures climbed sharply on Thursday as investors reassessed the Federal Reserves first interest rate increase in more than three years and Treasury yields retreated from recent highs. SP 500 and Dow Jones...

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...

Politics

Japan, U.S. Discuss $19 Billion GlobalFoundries Chip Plant

Japan and the United States are discussing plans to build a major semiconductor factory under their $550 billion investment agreement, with GlobalFoundries Inc. potentially operating the facility, according to a report...

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...

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...

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...