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Germany’s ZEW economic sentiment recovers in August

Aug 16, 2016 11:07 am UTC| Commentary Economy

In August, the ZEW Indicator of Economic Sentiment for Germany recovers in August. According to the ZEW Center for European Economic Research, the index rose by 7.3 points from July to 0.5 points in August. Consensus...

Briferendum Aftermath Series

Briferendum Aftermath Series: Brexit possibility bites education industry, likely cost multi-million pounds

Aug 16, 2016 10:54 am UTC| Commentary Economy

As a result of the UK referendum in June, which could finally lead to a British exit from the European Union, the education industry is likely to suffer. Post-referendum cracks have already started to emerge. There is less...

Briferendum Aftermath Series

Briferendum Aftermath Series: Brexit likely to boost wages but only temporarily

Aug 16, 2016 10:24 am UTC| Commentary Economy

A hard Brexit which would be tough on immigration is likely to boost wages in the United Kingdom but only temporarily before economic setback leads to lower wages across industries according to the research by the...

Czech economic growth accelerates to 0.9 pct in sequential terms in Q2

Aug 16, 2016 09:59 am UTC| Commentary Economy

The Czech economic growth has accelerated in the second quarter of 2016. The nations real GDP expanded 0.9 percent on sequential basis and 2.5 percent on year-on-year basis, according to the preliminary estimate released...

UK inflation edges higher post-referendum: let’s not draw medium term conclusions

Aug 16, 2016 09:24 am UTC| Commentary Economy

Data released by the Office of National Statistics (ONS) show the inflation has edged higher in July. It is the first reading of inflation since the UK referendum in June. The biggest of the increase was seen in the...

Briferendum Aftermath Series

Briferendum Aftermath Series: Brexit may actually prove costly for NHS

Aug 16, 2016 08:56 am UTC| Commentary Economy

One of the main arguments of the Leave campaign was that the Brexit will be beneficial to UKs National Health Service (NHS). The argument was that the Brexit will save the amount Britain pays to the European Union for...

Watch out for the upcoming first post-referendum inflation data from UK

Aug 16, 2016 07:38 am UTC| Commentary Economy

Several post-referendum inflation reading will be published today by National Statistics (ONS) that need to be monitored closely to assess the first knee jerk reaction to prices due to the referendum. At one hand,...

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Economy

Fed Rate Hike Threatens Housing as U.S. Growth Leans on AI, Citi Says

The Federal Reserves latest interest rate hike could deepen the U.S. housing downturn while making economic growth increasingly reliant on artificial intelligence investment, according to Citi Research. The Fed raised its...

Strait of Hormuz Oil Shipments Hit Six-Month High as U.S. Clears Mines

Oil and liquefied natural gas shipments through the Strait of Hormuz have climbed to a six-month high over the past two weeks, as U.S.-led naval escorts and mine-clearing operations improve access to the critical energy...

Bessent, He Lifeng to Discuss AI Security and Trade in New York

U.S. Treasury Secretary Scott Bessent is set to meet Chinese Vice Premier He Lifeng in New York on Sunday for talks covering artificial intelligence security, trade and other major economic issues, according to a person...

Canada Eyes India Trade Deal by Year-End

Canada is increasingly optimistic that it can finalize a comprehensive economic partnership agreement (CEPA) with India before the end of the year, with energy, nuclear power and critical minerals emerging as major areas...

Mexico Pushes for US Trade Deal Before Midterms

Mexican President Claudia Sheinbaum said Friday that her government is working to secure a trade agreement with the United States as quickly as possible, following what she described as a productive conversation with U.S....

Politics

Germany’s Carsten Breuer Elected Next NATO Military Committee Chair

German General Carsten Breuer has been elected as the next chair of the NATO Military Committee, putting Germanys chief of defence in line to become the alliances most senior military officer. Chiefs of defence from NATOs...

Turkey Ready to Aid Saudi Arabia Under Defence Pact as Houthi Attacks Escalate

Turkish Foreign Minister Hakan Fidan said Saturday that Ankara is prepared to help Saudi Arabia meet potential military needs as Houthi attacks intensify, citing a trilateral defence agreement between Turkey, Saudi Arabia...

US, Denmark and Greenland Reach Deal to Expand American Military Presence

The United States, Denmark and Greenland have reached an agreement allowing Washington to expand its military presence in Greenland while restricting US adversaries from establishing bases or making sensitive investments...

Israeli Strikes Across Gaza Leave at Least Three Dead

Israeli airstrikes killed at least three Palestinians across the Gaza Strip on Saturday, according to Palestinian health officials, as violence continued despite a U.S.-brokered ceasefire. One Israeli strike near the...

Trump Plans Federal AI Force and AI Czar

U.S. President Donald Trump said Saturday that he plans to create a federal AI Force and appoint an artificial intelligence czar, outlining an effort to accelerate U.S. AI development while using existing laws to address...

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

SpaceX Nasdaq 100 Weight to More Than Double in Rebalance

SpaceX is set to gain significantly more influence in the Nasdaq 100 Index when the benchmark completes its quarterly rebalance on Monday, with the companys weighting expected to more than double. According to Bloomberg,...

Westinghouse Targets $50 Billion Valuation in U.S. IPO

Westinghouse Electric Co. is seeking a valuation of more than $50 billion for its planned U.S. initial public offering, as the nuclear technology company moves closer to a public market debut amid growing interest in...

NASA, Boeing Discuss Expanding Starliner Missions

NASA is holding discussions with Boeing about expanding the use of its Starliner spacecraft for future missions, potentially giving the troubled vehicle a larger role in U.S. human spaceflight plans. The space agency and...

Apple Pay Set for India Launch With Axis Bank

Apple is preparing to launch Apple Pay in India next month, initially partnering with Axis Bank to support the lenders credit cards, according to three people familiar with the plans. The rollout would bring Apples digital...

Hyundai CEO Warns Chinese Automakers Could Disrupt US Market

Hyundai Motor CEO Jose Munoz warned that Chinese automakers could eventually reshape the US auto market as they have in Europe unless Washington maintains tariffs and other market-access protections. Speaking in San Jose,...