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FxWirePro: PBoC seems to have effectively managed FX policy and valuations for both Chinese offshore spot and CNY

Apr 13, 2016 08:08 am UTC| Insights & Views Commentary

While CNY has generally stabilized against USD at end-2015 levels, Chinas official RMB index declined by 3.6% during the same period. To a large extent, this is something the PBoC would like to observe a stable USDCNY...

On the Iraq War, Trump has started to sound like Obama circa 2008

Apr 12, 2016 14:01 pm UTC| Insights & Views

To the horror of almost everyone in mainstream US politics, it seem increasingly likely that by the close of the Republican National Convention in July, Donald Trump will have snatched the prize he has long coveted: the...

Panama Papers Series

Was Scotland's Darien disaster the first great Panama financial scandal?

Apr 12, 2016 13:53 pm UTC| Insights & Views

The leak of the Panama Papers has brought to light elite tax avoidance and evasion on an unprecedented scale and has had important political ramifications. But this is not the first time that Panama has been at the heart...

TV-watching couch potatoes have outsized energy footprint

Apr 12, 2016 13:29 pm UTC| Insights & Views Life

It is alluringly easy to use averages, but when most of a group is far from average, they can lead us astray. This is no less true in the area of energy consumption. Consider for example the ubiquitous yellow labels in...

Climate Change Series

Nine ways steel could build a greener economy

Apr 12, 2016 13:12 pm UTC| Insights & Views Nature

Steel might be the largest industrial carbon dioxide emitter, but Britains troubled industry could be a big part of a cleaner, greener future. By using steel to build new infrastructure for renewable energy, the UK...

Panama Papers Series

Panama Papers: media attacks on Cameron may have more to do with Brexit than banking

Apr 12, 2016 12:59 pm UTC| Insights & Views Politics

In an era in which public trust of traditional media is slowly rising from the low point of the phone-hacking scandals and the Leveson inquiry, the Panama Papers has brought us evidence of just how potent sustained,...

U.S. companies may need to beef up data privacy – but only for Europeans

Apr 12, 2016 12:56 pm UTC| Insights & Views Law

Though the recent Apple versus FBI case garnered greater media attention, a privacy discussion with more economic significance to the tune of US$260 billion is moving toward fruition with less public attention: the...

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Economy

East Germany Narrows Economic Gap With West but Wealth Divide Persists

More than three decades after German reunification, the economy of former East Germany has made major progress toward matching the west, particularly in employment and household income. However, significant differences...

Trump Threatens EU Tariffs Over Canada Membership Proposal

U.S. President Donald Trump has threatened to impose steep tariffs on the European Union if Brussels moves ahead with a proposal to make Canada the blocs first associate member, raising the prospect of renewed trade...

BOJ Set for 25-Basis-Point Rate Hike as Yen Weakness Fuels Inflation

The Bank of Japan is widely expected to raise interest rates by 25 basis points on September 18, as policymakers confront persistent inflation and prolonged weakness in the Japanese yen. The anticipated BOJ rate hike would...

Asian Currencies Mixed as Dollar Holds Gains After Fed Rate Hike

Asian currencies traded mixed on Thursday as the U.S. dollar remained near a seven-week high following the Federal Reserves first interest rate increase in three years. The Japanese yen stayed near a two-week low as...

Gold Rebounds Above $4,300 Despite Hawkish Fed Rate Hike

Gold prices rebounded on Thursday, climbing back above the $4,300-an-ounce level as investors assessed the Federal Reserves first interest rate hike in three years and its signal that further monetary tightening could come...

Politics

ICE Agent Arrested in Minneapolis Over Venezuelan Man Shooting

A federal immigration officer accused of shooting and wounding a Venezuelan man during a Minneapolis immigration operation was arrested Wednesday, eight months after the incident became a focal point of controversy...

Paris Talks Focus on Lebanon Army Needs as UNIFIL Exit Looms

European and Arab military chiefs are set to meet in Paris on Thursday to assess the Lebanese Armed Forces military and financial needs as concerns grow over the planned withdrawal of U.N. peacekeepers and the risk of...

US-China Experts Push AI Nuclear Safeguards to Prevent Military Escalation

U.S. and Chinese security experts are calling for stronger safeguards on military artificial intelligence, warning that autonomous AI systems could trigger a dangerous escalation between the two nuclear powers if their...

North Korea Vows to Expand Nuclear Arsenal Amid U.S.-Led Military Buildup

North Korea has reaffirmed plans to expand its nuclear arsenal, arguing that increased U.S.-led military cooperation with South Korea and Japan has made a stronger nuclear deterrent necessary. Speaking Thursday at the...

Trump Eyes End to Iran War, Plans Gulf Leaders Meeting

U.S. President Donald Trump said Wednesday that he hopes the seven-month war with Iran is approaching an end, as reports indicate he plans to meet Gulf leaders in New York next week to discuss the conflict and a potential...

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

France Urges Faster AI Push Despite Safety Risks

French Finance Minister Roland Lescure has pushed back against calls to slow artificial intelligence development, arguing that such proposals could benefit U.S. technology leaders while making it harder for France and...

Guterres Urges Stronger Global AI Safeguards Ahead of UN Assembly

United Nations Secretary-General Antonio Guterres warned world leaders on Wednesday that the rapid development of artificial intelligence carries significant risks that governments cannot afford to overlook, highlighting a...

Databricks to Invest $350 Million in Singapore AI Expansion

Databricks plans to invest more than $350 million in Singapore over the next three years, expanding its presence in the city-state as demand rises for its data and artificial intelligence products. The privately held data...

SK Hynix, Intel Discuss U.S. Memory Chip Production Deal

SK Hynix is reportedly in discussions with Intel over a potential agreement to manufacture memory chips in the United States, a move that would mark the South Korean semiconductor giants first U.S.-based memory production....

DOJ Will Investigate AI-Related Crimes, Attorney General Blanche Says

U.S. Attorney General Todd Blanche said the Department of Justice will investigate individuals or companies connected to artificial intelligence when there is evidence they have violated federal criminal law, while...
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