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South Korea’s sovereign credit rating not affected by President Park’s impeachment, says S&P Global Ratings

Dec 12, 2016 12:22 pm UTC| Commentary Economy Politics

SP Global Ratings said today that the impeachment of President Park Geun-hye does not have a material effect on the sovereign credit rating on the Republic of Korea (South Korea; AA/Stable/A-1+). Although the political...

Hungary’s 2017 GDP likely to grow 3.4 pct on expectations of wage increases, says ERSTE Group

Dec 12, 2016 11:42 am UTC| Commentary Economy

The ongoing ultra-dovish monetary policy of the Hungarian central bank should preserve its leading role regarding the formation of the short end of the yield curve. This means that, by flooding the market with extra...

Fundamentals to watch out for this week

Dec 12, 2016 11:33 am UTC| Commentary Economy Central Banks

This week is quite risk heavy and the focus is on the central bankers. What to watch for over the coming days: Central banks: The Federal reserve will announce its last policy decision for the year this...

It's not just a drop in GDP that should worry us

Dec 12, 2016 11:00 am UTC| Insights & Views Economy

It seems like we havent had much good economic news lately. This was neatly summarised in the drop in national output (GDP) of 0.5% due to weak investment, both private and public. Private investment is unexpectedly...

Why secure and affordable housing is an increasing worry for age pensioners

Dec 12, 2016 10:54 am UTC| Insights & Views Economy Real Estate

The average housing costs of older (65-plus) outright homeowners in lone-person households were A$38 a week in 2013-14, the Australian Bureau of Statistics calculated, compared to $103 for older social housing tenants and...

Downside risks to South Korean growth exist on uncertainties surrounding President Park’s impeachment

Dec 12, 2016 10:07 am UTC| Commentary Economy Politics

Downside risks to the South Korean growth exist, following impeachment of President Park Guen-hye by the National Assembly on Friday. The countrys lawmakers have voted to impeach President Park from her executive powers on...

BRL likely to trend higher ahead of the U.S. Federal Reserve policy meeting, says Commerzbank

Dec 12, 2016 09:23 am UTC| Commentary Central Banks Economy

The Brazilian Real is expected to trend higher ahead of the United States Federal Reserve monetary policy meeting scheduled to be held on December 14. The Brazilian central bank (BCB) is likely to hike interest rates on...

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Economy

Rising Jet Fuel Costs from Iran Conflict Push Airfare Higher Across Europe

Disruptions to global oil supplies linked to the Iran conflict are driving a sharp increase in jet fuel prices, adding significant costs to air travel across Europe. According to analysis from campaign group Transport ...

UK Wage Growth Slows to 3.6% as Inflation Pressures Complicate Bank of England Outlook

British wage growth showed signs of cooling, though not as sharply as analysts had anticipated, according to the latest data from the Office for National Statistics (ONS). Regular pay, which excludes bonuses, rose by 3.6%...

US-Iran Peace Talks Fuel Market Optimism Amid Ongoing Tensions

The United States has expressed renewed confidence that peace talks with Iran could resume soon in Pakistan, raising hopes of easing geopolitical tensions that have disrupted global energy markets. A senior Iranian...

Asian Currencies Stay Range-Bound as Dollar Holds Steady Ahead of Fed Nominee Hearing

Asian currencies traded within a narrow range on Tuesday as geopolitical uncertainty surrounding potential U.S.-Iran peace talks kept investors cautious. With a temporary ceasefire set to expire later this week, traders...

Gold Prices Slip Amid Iran Tensions and Fed Chair Uncertainty

Gold prices edged lower during Asian trading on Tuesday as investors weighed geopolitical risks and monetary policy uncertainty. The precious metal remains range-bound, with traders closely monitoring developments...

Politics

Pakistan Halts $1.5 Billion Sudan Arms Deal After Saudi Arabia Withdraws Support

Pakistan has reportedly paused a $1.5 billion defense deal to supply weapons and fighter jets to Sudan after Saudi Arabia withdrew financial backing and urged Islamabad to abandon the agreement. According to Pakistani...

UN Secretary-General Race 2027: Key Candidates Competing to Replace Antonio Guterres

The race to select the next United Nations Secretary-General is gaining momentum as global leaders position themselves for the top diplomatic role. The 10th UN chief will assume office on January 1, 2027, for a five-year...

Philippines Says U.S. Access to EDCA Bases Limited by Land Issues and Delays

Philippine Defense Secretary Gilberto Teodoro has revealed that the use of military bases accessible to the United States under the Enhanced Defense Cooperation Agreement (EDCA) remains limited, citing unresolved land...

Trump Maintains Iran Naval Blockade as Ceasefire Deadline Nears

U.S. President Donald Trump announced that the naval blockade against Iran will remain in force until a formal agreement is reached with Tehran, adding uncertainty ahead of a looming ceasefire deadline later this week. In...

Gaza Violence Continues Despite Ceasefire as Israeli Strikes and Clashes Escalate

Israeli airstrikes in the Gaza Strip killed at least five Palestinians on Monday, according to Palestinian health officials, highlighting ongoing violence despite a fragile ceasefire agreement. The incidents occurred in...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

SpaceX President Gwynne Shotwell Earns $85.8M as IPO Buzz Grows

SpaceX President and Chief Operating Officer Gwynne Shotwell earned $85.8 million in total compensation last year, according to details from the companys S-1 filing, positioning her among the highest-paid executives in the...

John Ternus Signals Apple’s Future with Product-First AI Strategy

Apples incoming CEO John Ternus is already shaping expectations for the companys future, and his stance on artificial intelligence reveals a clear direction. Unlike competitors such as Microsoft and Google, which are...

Jeff Bezos Eyes $10 Billion Funding Round for AI Venture Project Prometheus

Jeff Bezos is reportedly closing in on a massive fundraising deal for his artificial intelligence startup, signaling a major move in the rapidly expanding AI industry. According to a Financial Times report citing sources...

Apple Stock Dips as Tim Cook Steps Down, John Ternus Named Next CEO

Apple (NASDAQ: AAPL) shares slipped more than 1% in after-hours trading Monday following a surprising leadership transition announcement. The tech giant revealed that longtime CEO Tim Cook will move into the role of...

Amazon Expands AI Bet with Up to $25 Billion Investment in Anthropic

Amazon is significantly deepening its artificial intelligence strategy by announcing a new investment of $5 billion in AI firm Anthropic, with the potential to reach up to $25 billion based on performance milestones. This...