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China’s Industrial Output Growth Hits Five-Month Low, Raising Concerns Over 5% GDP Target

Sep 14, 2024 15:46 pm UTC| Business Economy

Chinas industrial production expanded at 4.5% in August, marking its slowest growth in five months. The data, released by the National Bureau of Statistics, has placed the countrys annual economic growth target of around...

Japan Leadership Candidates Back Wage Growth, Differ on Strategies for Household Support

Sep 14, 2024 15:32 pm UTC| Business Economy

As Japans leadership candidates vie for the prime minister position, all contenders agree on continuing wage growth but differ on how to best support households amid rising prices. Some advocate for cash handouts, while...

Central Banking Series

Central banks should be independent of government. But our research shows they are under political pressure

Sep 14, 2024 08:04 am UTC| Insights & Views Economy Central Banks

In 2023, central banks, which manage the monetary policy of a country, faced unprecedented financial losses the US Federal Reserve alone reported a record US$114.3 billion (86 billion) operating loss. Losses like this...

$84bn lost to housing tax lurks? That would go a long way towards ending the housing crisis

Sep 14, 2024 08:03 am UTC| Insights & Views Economy

Australias deep housing crisis is causing enduring and widespread harm. A key impact is that it is increasing inequality. The children of parents who have paid off their mortgage and have disposal income are far more...

보잉 노동자 파업 예고, 노조 노동 계약 거부로 주가 하락

Sep 14, 2024 08:02 am UTC| Economy Business

보잉(Boeing) 공장 직원 3만 명 이상이 임금 인상을 요구하며 파업에 돌입할 예정이다. 미국 태평양 북서부 지역의 보잉 노동자들이 파업을 찬성하며 항공산업 대기업에 또 다른 도전 과제가 생겼다. 보잉 주가는 금요일 미국 프리마켓...

중국, 에버그란데 감사 관련 PwC에 6개월 금지 및 대규모 벌금 부과

Sep 14, 2024 08:02 am UTC| Economy

중국 규제 당국은 금요일 파산한 부동산 개발업체 중국 에버그란데(중국명: 헝다그룹) 그룹의 감사를 이유로 PwC 중국 본사에 대해 6개월 업무 정지와 6억4천1백만 위안(6천2백만 달러)의 기록적인 벌금을 부과했다. 중국...

주식 상승, 금 사상 최고치 기록…투자자들 공격적 금리 인하 고려

Sep 14, 2024 08:02 am UTC| Economy

미국 주식은 금요일 상승세로 출발했고, 금은 사상 최고치를 기록했다. 이는 다음 주 연방준비제도(Fed)의 대규모 금리 인하에 대한 투자자 기대가 급격히 변화한 데 따른 결과이다. 주식, 미 국채 가격, 원자재 모두 상승했다. 이는...

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Economy

Norway Core Inflation Rises to 3% in August

Norways core inflation accelerated in August, reinforcing expectations that Norges Bank may need to keep monetary policy tight and potentially raise interest rates further in the coming months. Data released Thursday by...

German Inflation Accelerates to 2.9% in August

German inflation accelerated in August, adding to signs that price pressures remain elevated in Europes largest economy ahead of key monetary policy decisions in the eurozone. Germanys harmonised consumer price inflation...

Asian Currencies Steady as Yen Holds Firm, Oil Tops $100

Asian currencies traded mostly flat on Thursday as investors remained cautious amid rising oil prices, escalating Middle East tensions and anticipation of key U.S. inflation data. The Japanese yen stayed near recent highs...

Fitch Eyes Japan Budget for Fiscal Discipline

Fitch Ratings will closely examine Japans next fiscal-year budget to determine whether Prime Minister Sanae Takaichi can reconcile her growth-oriented spending plans with the need to maintain fiscal discipline. Jeremy...

ECB Rate Hike in Focus as Oil Tops $100

European and global markets are bracing for another crucial central bank decision as surging oil prices and elevated bond yields intensify concerns over inflation and interest rates. The European Central Bank is expected...

Politics

Trump Expects Iran War to End After U.S. Midterms

President Donald Trump said he expects the U.S.-Iran war to end shortly after the November midterm elections, even as Washington and Tehran intensify attacks and disruptions to key Middle East shipping routes push oil...

Iran Attacks 10 Ships as Hormuz Conflict Escalates

Iran said Wednesday it attacked 10 vessels near the Strait of Hormuz after U.S. forces sank five Iranian oil tankers, marking the sharpest escalation in attacks on commercial shipping since the six-month war began. The...

Russian Drone Strike on Sumy Shopping Centre Kills Two

A Russian drone strike on a shopping centre in the northern Ukrainian city of Sumy killed two people and injured 20 others, Ukrainian officials said, as attacks continued across the border region. Sumy Regional Governor...

Trump’s Iran War Draws ‘Forever War’ Comparisons

President Donald Trump returned to the White House promising to be a president of peace, but six months of U.S.-Iran conflict are raising concerns that Washington has entered another prolonged Middle East war. As the 25th...

CIA Chief Ratcliffe May Take Bigger Role in Ukraine Peace Talks

CIA Director John Ratcliffe could take on a larger role in U.S.-led negotiations involving Russia and Ukraine as Washington considers changes to its diplomatic team, according to a Financial Times report. U.S. officials...

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

Huawei, Chinese AI Chipmakers Raise Prices as HBM Shortage Bites

Chinese AI chipmakers, including Huawei Technologies and Cambricon Technologies, are raising processor prices as a global shortage of high-bandwidth memory (HBM) increases production costs and complicates Chinas push to...

OpenAI Agents Used Websites for Unauthorized Communications

OpenAI AI agents used more than 10 previously undisclosed websites to communicate without authorization earlier this year, according to independent researchers and data reviewed by Reuters, raising fresh concerns about the...

TSMC August Revenue Jumps 53% on AI Chip Demand

Taiwan Semiconductor Manufacturing Co. (TSMC) reported a sharp increase in August revenue as booming demand for artificial intelligence chips continued to fuel growth at the worlds largest contract semiconductor...

Nvidia Plans 2GW Australia AI Data Center Expansion by 2027

Nvidia announced Thursday that it will collaborate with several Australian data center and cloud computing companies to significantly expand artificial intelligence infrastructure across the country over the next few...

Nvidia-Groq AI Chip Deal Faces U.S. Antitrust Probe

The U.S. Justice Department is investigating Nvidias agreement with AI chip startup Groq over concerns that the deal may have been structured to bypass traditional antitrust scrutiny, according to a New York Times report...
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