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Wed, Jan 15, 2025 07:32 AM All times are UTC

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Greece back in deep recession

Jul 23, 2015 00:28 am UTC| Commentary Economy

While the worst-case outcome may have been averted in the short run, macroeconomic conditions have deteriorated significantly during five months of unsuccessful talks. With banks having been closed for three weeks, they...

Euro area inflation outlook under the microscope

Jul 22, 2015 22:05 pm UTC| Commentary Economy

Headline HICP inflation fell from +3.0% at the end of 2011 to -0.6% in January 2015, before rebounding to +0.2% in June. Despite showing signs of improvement lately, core prices remained very weak, edging down to 0.8% from...

BoK discloses dip in GDP growth due to MERS outbreak

Jul 20, 2015 01:19 am UTC| Commentary Economy Central Banks

The release of advance GDP figures for Q2 2015 is basically set to be a non-event, as BoK Governor Lee Ju-yeol already disclosed a flash estimate of 0.4% qoq, at the press conference following the MPC meeting on 9 July. He...

More positive signs, but accommodative policies still warranted for China

Jul 19, 2015 22:54 pm UTC| Commentary Economy

Chinas Q2 GDP and June data all came in better than expected, pointing to more signs of stabilization. The official Q2 GDP printed a growth rate of 7.0% y/y and 7.0 q/q saar, above expectations (consensus: 6.8%). Fixed...

Fed semi-annual testimony - more upbeat than usual

Jul 15, 2015 17:33 pm UTC| Commentary Economy

In the July semi-annual Monetary Policy Report to Congress, Chair Janet Yellen reiterated the message from her speech on Friday that a first fed funds rate hike this year is likely to be appropriate. In general, the...

South Korea resurgent hiring in manufacturing offsets MERS impact on services

Jul 15, 2015 02:25 am UTC| Commentary Economy

The seasonally adjusted unemployment rate remained unchanged at 3.9% in June (Barclays: 3.9%; consensus: 4.0%), after ticking lower in March and April from a February high (Apr and Mar: 3.7%; Feb: 3.9%; Jan: 3.4%). The...

Labour market slack to diminish faster than Fed projects

Jul 14, 2015 17:20 pm UTC| Commentary Economy

A key reason why we expect the Fed to hike in September rather than wait to December is developments in the labour market. The June summary of economic projections showed that the Fed sees the unemployment rate falling to...

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Economy

UK Inflation Stabilizes: November CPI at 2.6%, Signaling Economic Recovery

In November 2024, the Consumer Price Index (CPI) for the UK was reported at 2.6% compared to the same month last year, which matched what experts had predicted. This is an increase from October 2024, when the CPI was at...

China's Tightened Export Controls Disrupt U.S. Tech Firms' Production Plans

China is intensifying scrutiny of exports by U.S. tech giants like Apple, Microsoft, and Dell, delaying their production shifts to Southeast Asia and India, according to Nikkei Asia. Since December, dual-use technology...

Trump's Economic Policies to Face New Challenges in 2025

U.S. President-elect Donald Trump is set to inherit a strong economy, but his aggressive policiestariffs, immigration restrictions, and tax cutsmight disrupt growth. With output above trend, near full employment, and...

U.S. Stock Futures Rise Amid Tariff Speculation and Key Data Focus

U.S. stock index futures gained on Monday evening as reports eased fears of disruptive trade tariffs under President-elect Donald Trump. Bloomberg reported that his team may propose a gradual tariff increase of 2%-5%...

UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data

UBS strategists foresee the Federal Reserve implementing an additional 50 basis points (bps) rate cut later this year, despite persistent inflationary pressures. Last week, US stocks dipped as a robust December jobs report...

Politics

South Korean Ex-President Yoon Arrested After Martial Law Attempt

Impeached South Korean President Yoon Suk Yeol was arrested on Wednesday following a failed attempt to impose military law in late 2024, according to local media reports. Investigators successfully executed an arrest...

Biden Moves to Normalize U.S.-Cuba Relations Amid Major Policy Shifts

The Biden administration announced plans to remove Cuba from the U.S. terrorism blacklist, signaling a major policy shift that could reshape U.S.-Cuba relations. The move reverses sanctions imposed by former President...

Iranian President Denies Plot to Kill Trump, Refutes U.S. Claims

Iranian President Masoud Pezeshkian dismissed allegations that Iran plotted to assassinate U.S. President-elect Donald Trump. In an NBC News interview, Pezeshkian stated, We have never attempted this to begin with and we...

Pete Hegseth Faces Tight Confirmation Battle for Secretary of Defense

President-elect Donald Trumps nominee for Secretary of Defense, Pete Hegseth, endured intense scrutiny during his confirmation hearing, highlighting sharp partisan divides. Hegseth, a decorated veteran and former Fox News...

SEC Accuses Elon Musk of Securities Law Violation Over Twitter Stake Delay

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Elon Musk, accusing him of delaying the disclosure of his substantial stake in Twitter, now known as X, in 2022. The SEC alleges Musk violated...

Science

Bill Gates’ Shocking New Malaria Solution Unveiled as Genetically Modified Mosquitoes Turn Into Flying Vaccinators

In a groundbreaking and controversial move, researchers funded by the Bill and Melinda Gates Foundation at Leiden University Medical Center have developed a revolutionary approach to combat malaria. The team has created...

Explosive CIA Whistleblower Claims Havana Syndrome Victims Face Cancer, Dementia, and Government Betrayal

A former CIA operative has come forward with alarming allegations, claiming that victims of the mysterious Havana Syndrome are now battling devastating health issues, including cancer, dementia, and Parkinsons disease. The...

FDA Approval of Opdivo Injection Sparks Hope for Cancer Patients with Revolutionary Treatment Update

In a significant advancement for cancer care, the U.S. Food and Drug Administration (FDA) has approved an injectable version of Bristol Myers Squibbs blockbuster cancer drug Opdivo. Branded as Opdivo Qvantig, the new...

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...

Technology

Trade Groups Push Back on Biden's New Chip Export Rules

A coalition of semiconductor and manufacturing trade groups has expressed concerns to U.S. President Joe Biden over recently announced export controls on advanced computing chips. The Semiconductor Industry Association...

Global Smartphone Market Sees Shifts as Chinese Brands Gain Ground

Smartphone shipments for Apple (NASDAQ:AAPL) and Samsung (KS:005930) declined in Q4 as competition from Chinese companies like Xiaomi (OTC:XIACF) intensified, according to preliminary data from IDC. Despite a rebound in...

Blue Origin's New Glenn Rocket Launch Delayed to Thursday

Blue Origin, Jeff Bezos rocket company, has rescheduled the inaugural launch of its New Glenn rocket to Thursday, Jan. 16. Originally set for Tuesday, the launch was delayed after a technical issue arose on Monday. The...

NVIDIA to Establish Asian Headquarters in Taiwan

NVIDIA Corporation will set up its Asian headquarters in Taipei, Taiwan, according to the Central News Agency (CNA). The tech giant plans to hire over 2,500 employees as part of the expansion, as confirmed by National...

NVIDIA to Establish Asian HQ and R&D Center in Taiwan

NVIDIA Corporation (NASDAQ:NVDA) is planning to set up its Asian headquarters in Taipei, Taiwan, according to the Central News Agency. The tech giant will reportedly hire over 2,500 staff as part of the move, as stated by...