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Briferendum Aftermath Series

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In an unexpected outcome, people of the United Kingdom voted in favor of leaving the European Union in June 23rd referendum. For so many months, we have kept our readers updated on the referendum through our "Briferendum Series". Now with the referendum in place, we can hardly call it an end, instead, it's a new beginning of an era of greater uncertainties. With this non-binding referendum, there are so many possible scenarios that may play out including a second referendum. In this series, we once again vow to keep our readers up to the minute as the path ahead unfolds.

Briferendum Aftermath Series

Brexit calls for free trade are a convenient smoke screen for more corporate tax privilege

Nov 22, 2017 05:34 am UTC| Insights & Views

Liam Foxs call for Britain to champion the cause for free trade in the wake of Brexit and increasing trade barriers, needs to be examined against further revelations of the so-called Paradise Papers scandal, and other...

Briferendum Aftermath Series

Brexit: why Macron has more room to manoeuvre than May and Merkel

Oct 29, 2017 14:41 pm UTC| Insights & Views Politics

Despite the valiant efforts of both the EU and the UK to uphold confidence in the Brexit negotiations process, its clear the talks have been deeply unsatisfactory for both sides. Fundamental conflicts of interest and...

Briferendum Aftermath Series

Brexit Series: Juncker assures of deal to diffuse media reports of Theresa May begging

Oct 24, 2017 10:19 am UTC| Commentary

European Commission President Jean Claude Juncker and his team rushed for damage control after a German media reported on his dinner with the British prime Minister Theresa May, where she is described as begging to the...

Briferendum Aftermath Series

Brexit: what the EU and UK still don't agree on

Oct 23, 2017 15:34 pm UTC| Insights & Views

As expected, the leaders of the EU27 decided at a summit in Brussels on October 20 that there had not been sufficient progress in the negotiations on the UKs withdrawal from the EU to move on to talks about a post-Brexit...

Briferendum Aftermath Series

Why a 'guest worker' visa system is not the answer for Britain after Brexit

Sep 25, 2017 12:08 pm UTC| Insights & Views

At the 2017 general election, the UKs two largest political parties both agreed that the current system of free movement would end when the country leaves the European Union. The Labour Party has since shifted to a...

Briferendum Aftermath Series

Brexit negotiations: here's where we're at so far

Sep 21, 2017 14:27 pm UTC| Insights & Views

While many have enjoyed a summer break, the Brexit negotiating teams in Brussels and London have been busy. But has there been any progress? In terms of substance, the answer is short: not really. There have been three...

Briferendum Aftermath Series

Brexit Series: No decisive progress on Brexit negotiations after third round of talks

Aug 31, 2017 12:41 pm UTC| Commentary

The European Unions top Brexit negotiator Michael Barnier said during a press conference at the conclusion of the third round of talks on Thursday that no decisive progress has been made so far. Speaking alongside his UK...

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Economy

German Retail Sales Drop 3.4% in July

German retail sales fell sharply in July, significantly missing market expectations and raising fresh concerns about consumer demand in Europes largest economy. Retail sales declined 3.4% in July compared with the previous...

Global Markets Brace for Fed Rate Hike as Oil Tops $91

The Japanese yen stabilized near the critical 160-per-dollar level on Tuesday as currency markets remained cautious amid rising U.S. interest-rate expectations, renewed U.S.-Iran tensions and surging oil prices. USD/JPY...

Bessent Urges Japan on Fiscal Discipline, BOJ Rate Hikes

U.S. Treasury Secretary Scott Bessent has urged Japanese policymakers to outline a credible path toward fiscal sustainability and higher interest rates as pressure on the yen and government bond markets intensifies,...

Japan Bond Yields Top 3% as Inflation, Fiscal Risks Rise

Japans benchmark government bond yields climbed above 3% on Tuesday for the first time since September 1996, as investors weighed persistent inflation, growing fiscal concerns and expectations for further interest rate...

India Manufacturing Growth Slows to Five-Year Low in August

Indias manufacturing sector expanded at its weakest pace in five years in August as softer demand weighed on new orders, production and employment, according to the latest private-sector survey. The HSBC India...

Politics

US Approves $800 Million Helicopter Sale to Iraq

The U.S. State Department has approved a potential $800 million military helicopter sale to Iraq, strengthening defense cooperation between Washington and Baghdad as Iraq continues efforts to modernize its armed forces....

China Warns Over Taiwan’s Pacific Islands Forum Presence

China has raised strong objections to Taiwans participation in the Pacific Islands Forum in Palau, warning of unspecified consequences as tensions over Beijings influence in the Pacific take center stage at the regional...

U.S., New Zealand Fund $60M Cook Islands Port Upgrade

The United States and New Zealand will jointly fund a major upgrade of a World War Two-era port in the Cook Islands, strengthening Western infrastructure investment in the Pacific as China expands its regional influence....

South Korea Unveils Record $597 Billion 2027 Budget to Boost AI and Chips

South Korea has proposed a record 821 trillion won ($596.92 billion) government budget for 2027, sharply increasing fiscal spending as the country seeks to strengthen its position in artificial intelligence, semiconductors...

Ukraine Sanctions Chief Heads to Washington to Push Russia Bill

Ukraines top sanctions official will visit Washington this week to press U.S. lawmakers to approve sweeping new Russia sanctions legislation that has already cleared the Senate but faces resistance in the House of...

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

OpenAI Rejects Apple Trade Secret Theft Claims

OpenAI has denied Apples allegations that it obtained confidential trade secrets through former Apple employees, arguing that the iPhone maker has failed to provide evidence showing proprietary information was stolen. In a...

MediaTek Shares Jump 10% on Nvidia’s $3.5 Billion Investment

MediaTek shares surged nearly 10% on Tuesday after Nvidia announced a $3.5 billion investment in the Taiwanese semiconductor designer, strengthening a strategic partnership focused on artificial intelligence...

Apple’s Phil Schiller Steps Back as Leadership Shake-Up Accelerates

Apple veteran Phil Schiller has stepped away from overseeing the App Store and the companys high-profile product launch events, marking another major leadership change as the iPhone maker prepares for a new era under...

SpaceX Mobile Network Could Cost Up to $130 Billion, Bernstein Says

SpaceX (NASDAQ: SPCX) could spend between $50 billion and $130 billion, including spectrum costs, to develop a standalone terrestrial network supporting its direct-to-device mobile service, according to Bernstein analysts....

Faraday Future Delivers First Robots in Middle East, Plans September Launches

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) has completed its first robotics sale and delivery in the Middle East, marking an early milestone in the electric vehicle and AI technology companys regional...