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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

What Brexit means for the Commonwealth

Jul 07, 2016 17:36 pm UTC| Insights & Views

By voting to leave the European Union, Britains future relationship with its fellow Commonwealth members has assumed both a greater significance and a greater degree of uncertainty. Before the poll, the uniform message...

Briferendum Aftermath Series

Property fears after Brexit vote are a sign of wider UK housing problems

Jul 07, 2016 17:18 pm UTC| Insights & Views Real Estate

Immediately after the UK voted to leave the European Union, a number of lead economic indicators went into reverse. Notable among them were housing, property and real estate shares that fell sharply both in the...

Briferendum Aftermath Series

Briferendum Aftermath Series: How referendum weighs on UK banks?

Jul 07, 2016 09:31 am UTC| Commentary Business

With the UK referendum going against staying as a member of the European Union that banks which headquarter themselves in London are going to face not months but years of uncertainties. Below described are the main areas...

Briferendum Aftermath Series

Briferendum Aftermath Series: Number of suspended property funds doubles

Jul 07, 2016 06:36 am UTC| Commentary Real Estate

Since Standard Life, MA, and Aviva halted withdrawal of investors money in past few days as they have been hit by very large numbers of withdrawal requests, three more have joined in. After the referendum, six fund...

Briferendum Aftermath Series

Briferendum Aftermath Series: Pound gets pounded as post-referendum cracks surface

Jul 06, 2016 08:57 am UTC| Commentary Economy

The British pound sterling curved a new 31 year low against the dollar today during the Asian trading hours as the pound dropped to 1.278, a low not seen since 1985. Investors are increasingly becoming nervous as...

Briferendum Aftermath Series

Briferendum Aftermath Series: Property trusts hit hard by post referendum withdrawal

Jul 06, 2016 07:48 am UTC| Commentary

Several property trusts halted the withdrawals of money yesterday as more and more clients submit requests for cash in their assets in theUK real estate funds. Two days back, Standard Life announced that it was stopping...

Briferendum Aftermath Series

Briferendum Aftermath Series: Theresa May wins the first round of Tory leadership election

Jul 06, 2016 06:11 am UTC| Commentary

As expected, thehome secretary, Theresa May won the first round of Tory leadership election and that with huge margins. May won the backing of 165 members of the Parliament (MPs). Her biggest rival, Andrea Leadsom who was...

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Economy

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Why is the London Stock Exchange losing out to the US

London Stock Exchange (LSE), which can trace its heritage to the coffee houses of the 17th century, is failing. The volume of shares traded is sharply declining, and some UK companies are swiftly moving to the US...

Why Germany ditched nuclear before coal – and why it won’t go back

One year ago, Germany took its last three nuclear power stations offline. When it comes to energy, few events have baffled outsiders more. In the face of climate change, calls to expedite the transition away from fossil...

What if the Reserve Bank itself has been feeding inflation? An economist explains

Heres something for the board of the Reserve Bank of Australia to ponder as it meets next month to set interest rates. It has pushed up rates on 13 occasions since it began its attempt to restrain inflation in May...

Politics

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

Turkey’s suppression of the Kurdish political movement continues to fuel a deadly armed conflict

The world has 91 democracies and 88 autocracies. Yet 71% of the worlds population (some 5.7 billion people) are living under autocratic rule, a big jump from 48% ten years ago. This trend towards authoritarianism can...

Science

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

Huawei Leaks: Next-Gen Kirin CPU to Rival Apple's M3 Processor

Huaweis chip development team is rumored to be working on a next-generation Kirin CPU that could give Apples M3 a run for its money. The chip is expected to leverage the innovative Taishan V130 architecture, focusing on...

SHIB Burn Rate Soars 88% Following Major Shibarium Upgrade Announcement

Following a crucial upgrade announcement for Shibarium, Shibburn reports a dramatic 88.32% increase in the SHIB burn rate, removing millions from circulation and significantly boosting Shiba Inu coin holders. SHIB...

Solana Co-Founder Clashes with Vitalik Buterin, Champions Meme Coin Culture

In a bold social media move, Solanas co-founder Raj Gokal defended meme coins and subtly critiqued Ethereums Vitalik Buterin, stirring controversy in the crypto community. Solanas Gokal Defends Meme Coins, Warns...

Tesla Model 3 Performance Price Surges Days After Debut, Cybertruck Powershare Costs Skyrocket

Just days after Tesla released its Model 3 Performance, the company increased its price by $1,000. Meanwhile, a Tesla Cybertruck owner faces a staggering $30,000 quote for a Powershare installation, which would enable his...

Apple Partners with OpenAI for On-Device AI in iOS 18, Enhancing Privacy

Apple Inc. has reignited discussions with OpenAI to integrate advanced AI features into iOS 18, utilizing large language models entirely on-device. According to a Bloomberg report, this move promises to significantly...