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Thu, Dec 11, 2025 05:42 AM All times are UTC

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Swiss Inflation Hits 0% in April, Boosting Rate Cut Expectations

May 05, 2025 07:05 am UTC| Economy

Swiss inflation unexpectedly fell to 0% in April, according to official data released Monday, increasing the chances of another interest rate cut by the Swiss National Bank (SNB). This marks a significant slowdown from the...

Taiwan Dollar Hits Two-Year High Amid U.S. Trade Talks, Tech Stock Surge

May 05, 2025 06:57 am UTC| Economy

The Taiwan dollar surged to its strongest level in over two years on Monday, driven by optimism over U.S.-Taiwan trade negotiations and robust foreign inflows into local equities. The TWDUSD pair dropped 3.2% to 29.752,...

Indonesia's Q1 GDP Growth Slows to 4.87%, Lowest in Over Three Years

May 05, 2025 05:12 am UTC| Economy

Indonesias economy expanded by 4.87% year-on-year in Q1 2025, marking its slowest pace since Q3 2021 and falling short of the 4.91% growth forecast by analysts in a Reuters poll. The figure also dipped from 5.02% in the...

Gold Edges Higher as Weaker Dollar Offsets Trade Optimism, Fed Caution

May 05, 2025 05:04 am UTC| Economy

Gold prices climbed in early Asian trading Monday, supported by a softer U.S. dollar, though gains were limited amid optimism over renewed U.S.-China trade dialogue and investor caution ahead of the Federal Reserves...

Australian Stocks Dip as Albanese Secures Second Term

May 05, 2025 03:34 am UTC| Economy

Australian shares slipped on Monday while the local dollar edged higher, after Prime Minister Anthony Albaneses Labor Party secured a stronger parliamentary majority in the 2025 federal election. The ASX 200 fell nearly 1%...

BOJ Faces Pressure to Pause Rate Hikes Amid Trump Tariffs, Yen Slide

May 05, 2025 02:00 am UTC| Economy Central Banks

The Bank of Japans rate-hike cycle is under intense pressure as U.S. President Donald Trumps new tariffs threaten Japans export-reliant economy. BOJ Governor Kazuo Ueda, after keeping interest rates steady at 0.5%, warned...

Dollar Slips Despite Strong Jobs Report as Fed, Trade Talks Awaited

May 05, 2025 01:48 am UTC| Economy

The U.S. dollar struggled to hold gains on Monday despite easing recession fears and a robust March payrolls report that reduced chances of a Federal Reserve rate cut in June. Analysts at JPMorgan and Goldman Sachs noted...

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Economy

Australia’s Labour Market Weakens as November Employment Drops Sharply

Australias labour market showed clear signs of cooling in November, with national employment falling by the most in nine months. According to the Australian Bureau of Statistics, total employment declined by 23,100 jobs,...

Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries

Mexico has taken a decisive step to strengthen its domestic manufacturing sector by approving significant tariff hikes on a wide range of imports from China and several other Asian countries. The Senate passed the measure...

Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts

The U.S. dollar weakened on Thursday after the Federal Reserve struck a less-hawkish tone than investors anticipated, prompting traders to increase bets on further rate cuts in 2025. While the Fed lowered interest rates by...

Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move

Hong Kongs de-facto central bank, the Hong Kong Monetary Authority (HKMA), lowered its base interest rate by 25 basis points to 4.0% on Thursday, mirroring the latest policy shift by the U.S. Federal Reserve. This marks...

Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns

Asian stock markets wavered on Thursday after disappointing earnings from U.S. cloud computing giant Oracle raised fresh doubts about the profitability of artificial intelligence investments. Oracle shares plunged more...

Politics

Environmental Group Sues to Block Trump Image on U.S. National Park Passes

An environmental organization has filed a lawsuit to stop the U.S. Interior Department from placing an image of former President Donald Trump on next years America the Beautiful annual national park pass. The Center for...

Trump Administration Unveils High-Priced “Trump Gold Card” Visa Program

The Trump administration has officially introduced the Trump Gold Card, a premium visa program that offers non-U.S. citizens an expedited pathway to live and work in the United Statesat a steep cost. Launched through...

Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges

Australias groundbreaking ban on social media use for children under 16 has entered its first days with both praise and pushback, as Prime Minister Anthony Albanese acknowledged the rollout would not be flawless. The law,...

Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate

Japans government is preparing a new round of tax incentives aimed at accelerating corporate investment, according to a report from the Nikkei business daily. The initiative comes even as policymakers intensify discussions...

Trump Plans Call With Thailand and Cambodia to Ease Rising Border Tensions

U.S. President Donald Trump announced Wednesday that he will hold a phone call Thursday with leaders from Thailand and Cambodia as Washington attempts to ease escalating tensions between the two Southeast Asian nations....

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters

SoftBank Group shares dropped sharply on Thursday, leading declines across Japanese markets, after Oracles mixed quarterly earnings reignited concerns about soaring artificial intelligence investments. SoftBank (TYO:9984)...

SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans

Elon Musk signaled that SpaceX is moving closer to a long-anticipated initial public offering, confirming on Wednesday that reports of an upcoming IPO were accurate. His response came after Ars Technica editor Eric Berger...

Nvidia Develops New Location-Verification Technology for AI Chips

Nvidia has confirmed the development of a new location-verification technology designed to help identify the country where its AI chips are being used, a move aimed at curbing the smuggling of advanced processors into...

EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute

The General Court of the European Union has significantly reduced Intels antitrust fine, lowering it from the previously imposed 376 million to 237.1 million ($438 million to $276 million). The ruling, issued Wednesday,...

China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs

China has taken a major step to reinforce its domestic semiconductor industry by adding locally developed artificial intelligence chips to an official government procurement list for the first time, according to a report...