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Sat, Dec 28, 2024 05:25 PM All times are UTC

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Brazil's inflation has peaked; but meaningful moderation will have to wait until next year

Oct 19, 2015 23:18 pm UTC| Commentary Economy

Releases through September suggest that inflation acceleration is over. The full month inflation number eased to 9.49% yoy in September from 9.56% in July and 9.53% in August. In fact, the monthly rate of change in prices...

Brazil's current account set for sharp improvement in H2 15

Oct 19, 2015 22:17 pm UTC| Commentary Economy

The deeper contraction in dollar import numbers (-23% yoy until September), compared with exports (-16.8% yoy), have helped the trade balance improve to USD10.2bn from a deficit of -USD0.7bn YTD. It is estimated that the...

UK public finances improvement to stall temporarily in September

Oct 19, 2015 20:54 pm UTC| Commentary Economy

The monthly evolution of the budget deficit is highly erratic. In the first three months of the fiscal year, the PSNBex measure fell by a total of 6bn compared to a year earlier but then in the following two months was...

Chinese economy continues to weigh on oil prices

Oct 19, 2015 16:01 pm UTC| Commentary Economy

Oil prices are beginning the new week of trading down in the wake of predominantly weak Chinese economic data . Brent has fallen to a good $50 per barrel and WTI has slipped below the $47 per barrel mark. New data relating...

Continued deterioration in Brazil's macro economy and financial conditions

Oct 19, 2015 12:19 pm UTC| Commentary Economy

Both the macro economy and financial conditions of Brazil have further deteriorated since the September Copom meeting. On the growth front, August retail sales and labour market developments were worse than expected...

China's deflationary risks hints further monetary easing

Oct 19, 2015 12:15 pm UTC| Commentary Economy

Chinas CPI inflation came in lower than expected at 1.6% y/y for September, down from 2.0% in August, driven mainly by food prices. Core inflation moderated by 10bp to 1.6% y/y. PPI deflation remained deeply negative at...

China's domestic sectors to show resilience

Oct 18, 2015 22:28 pm UTC| Commentary Economy

The flash PMI reports for October will offer a first hint of just how much a toll the slowdown in emerging economies, and not least China, it taking on the real global economy. It is notable, moreover, that in some...

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Economy

Elon Musk's Tesla Vision-Only Tech Sparks LiDAR Debate as Li Auto CEO Cites China Highway Dangers

Li Auto CEO takes aim at Elon Musk and Teslas vision-only strategy, arguing LiDAR is essential for handling Chinas challenging highway conditions. Li Auto CEO Highlights LiDAR for Chinas Unique Highways Even if the...

Bezos’ Blue Origin FAA Approval Paves Way for New Glenn Rocket Launch in Space Race

The FAA has approved Blue Origins New Glenn rocket, allowing Jeff Bezos space company to compete in critical national security satellite launches. FAA Grants Blue Origin License for New Glenn Rocket Launch On Friday, the...

What OpenAI’s Public Benefit Shift Means for the Future of AI

OpenAIs decision to adopt a public benefit corporation model reflects its effort to align profit-making with its mission to drive societal impact in the fast-evolving AI sector. OpenAI Embraces Public Benefit Corporation...

Massive Chrome Extension Breach Exposes Data Security Risks Across Companies

In an alarming cybersecurity breach, hackers compromised Chrome extensions of multiple companies, including Cyberhaven, to access sensitive data. The attack, ongoing since December, highlights vulnerabilities in browser...

Tokyo's Inflation Surge: Energy Prices Drive December CPI Up to 2.4%

In December 2024, the core Consumer Price Index (CPI) for Tokyo Prefecture increased by 2.4% compared to a year earlier, rising from 2.2% in November. This change is important because it shows that prices continue to rise,...

Politics

Florida Democrat Switches to Republican Party Sparking Explosive Debate and Claims of a ‘Better Vision for Prosperity’

In a political shift that has left Floridians and the national political landscape abuzz, Democratic Florida state Rep. Hillary Cassel has announced her switch to the Republican Party. Citing a desire for a better and more...

Russia Signals Peace Talks with Trump Team Sparking Global Speculation of Historic Diplomatic Breakthrough in 2024

In a statement that has sent ripples across the global political landscape, Russia announced its willingness to hold peace negotiations with the Trump team. The Kremlin, in a move seen as an overture to the former U.S....

January 6 Prisoners File $50 Billion Lawsuit Against DOJ Sparking Outrage and Explosive Claims of Injustice

In a groundbreaking legal move, over 100 individuals who were imprisoned following the January 6 Capitol riot have joined forces to file a $50 billion class action lawsuit against the Department of Justice (DOJ). The suit...

America Unleashes $1.25 Billion in Weapons to Ukraine Sparking Explosive Reactions

The United States has announced a substantial $1.25 billion weapons package to Ukraine, underscoring its commitment to supporting Kyiv amid its ongoing conflict with Russia. This latest allocation is part of a broader...

Trump Warns Nations to Take Back Migrants or Risk Losing Business Deals

Former President Donald Trump has reignited his firm immigration policies, reportedly planning to refuse any business dealings with countries that do not cooperate in taking back their deported citizens. This hardline...

Science

Public Health Experts Warn of ‘Quad-Demic’ as Flu, COVID, RSV, and Norovirus Threaten Winter Surge

Public health experts are raising alarms over a potential quad-demic this winter, with flu, COVID-19, respiratory syncytial virus (RSV), and norovirus all expected to surge simultaneously. This unprecedented convergence of...

Philippines' 'Missile Acquisition' Plan Provokes China's 'Arms Race' Warning

The Philippines has announced plans to acquire the U.S.-developed Typhon missile system to bolster its maritime defense capabilities. This decision has elicited strong reactions from China, which warns that such a move...

Christmas Eve Asteroid' to Skim Past Earth at 14,743 mph Tonight, NASA Warns

NASA has announced that an asteroid, comparable in size to a 10-story building, will make a close approach to Earth on Christmas Eve. The space rock, designated 2003 SD220, is expected to pass by our planet at a speed of...

Emergency Declared as Bird Flu 'Spreads' to California Dairy Cows

California Governor Gavin Newsom has officially declared a state of emergency in response to the rapidly escalating bird flu outbreak. The declaration comes after avian influenza was detected in dairy cows, a rare and...

Missing Radioactive Material in New Jersey Sparks Panic — Are Drones ‘Hunting for It’?

A small amount of radioactive material went missing in New Jersey earlier this month, raising concerns over public safety and potential security risks. The U.S. Nuclear Regulatory Commission (NRC) confirmed on December 2,...

Technology

X's New Algorithm Changes Trigger Backlash as Users Claim Voices Are Being Silenced

Elon Musks recent algorithm update on X, formerly known as Twitter, has sparked a heated debate among users. The changes, aimed at maximizing unregretted user-seconds, have raised questions about whether the platform is...

Samsung Brings Galaxy Ring 2 and AR Smart Glasses to Galaxy Unpacked 2025 With S25 Series

Samsung is shaking up the tech world at Galaxy Unpacked 2025, unveiling the Galaxy S25 Series, the advanced Galaxy Ring 2, and its cutting-edge AR Smart Glasses. This bold lineup promises a fresh leap into wearable...

Apple’s 2nm Chips Skip iPhone 17 as TSMC Prepares 2026 Launch for iPhone 18

Apple has decided to wait until 2026 to incorporate TSMCs 2nm chips into the iPhone 18. The move bypasses the iPhone 17, as TSMC works on scaling its production to meet industry demands and cut costs. Apple Expected to...

Xiaomi Expands EV Charging Access Across China With NIO, XPeng, and Li Auto Networks

Xiaomi has joined the EV charging networks of NIO, XPeng, and Li Auto, giving its customers access to over 29,000 stations across China. The move marks a strategic step in bolstering Xiaomis EV business amid growing...

Japan Airlines Faces Cyberattack Disruption with Over 60 Delayed Flights and Canceled Domestic Routes

Japan Airlines experienced significant disruptions on Thursday as a cyberattack led to over 60 flight delays, including 11 international routes, and two domestic cancellations. The airline quickly resolved the network...