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Briferendum Series

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UK Prime Minister David Cameron’s clinching a deal with 27 members of European Union, paved the way for UK’s referendum on EU on June 23rd. Mark your calendars. With poll showing close call and heavy weights like London mayor Boris Johnson joining the exit camp, it’s no telling upfront, which side may prevail. Just like Mr. Cameron, promised to campaign in favour of stay with heart and soul, we promise to bring our readers latest ins and outs, surrounding the referendum as well as UK asset class, FTSE 100, Gilts and Pound.

Briferendum Series

Carney defends BoE's quarterly Inflation Report, Brexit warnings

May 24, 2016 14:28 pm UTC| Commentary Central Banks

Bank of England Governor Mark Carney in a testiment before the Treasury Select Committee on 24 May 2016 defended his obligation to assess economic risks related to Brexit. He said that the the referendum decision could...

Briferendum Series

Briferendum Series: Pound’s volatility over Poll rises

May 24, 2016 12:10 pm UTC| Commentary Politics

As the referendum date closes in, Pounds volatility over poll rises. Over the past month or two, Pounds reaction to several polls have been mute. It has faced volatility in the initial days after Prime Minister David...

Briferendum Series

Briferendum Series: Shock scenarios review

May 24, 2016 11:50 am UTC| Commentary

UK Treasury, which has been accused of playing by the hands of George Osborne, Chancellor of exchequer, has published a detailed report on risks and cost associated with British exit from the Union. If you got time to...

Briferendum Series

Treasury Brexit report is overly negative – and simplifies reality

May 23, 2016 16:17 pm UTC| Insights & Views

Over 90 pages, the Treasurys latest report on the EU referendum attempts to identify the short-term economic effects of a Brexit vote. When the Treasury tweeted the publication late on the morning of May 23 it was billed a...

Briferendum Series

Briferendum Series: Osborne warns year-long recession

May 23, 2016 07:06 am UTC| Commentary

UK Treasury is about to release report on short term economic shock, arising from Brexit on Monday. The report is expected to show that there will be an immediate hit to jobs and interest rates, where former will be lost...

Briferendum Series

Dear young people: here's why you need to vote in the EU referendum

May 20, 2016 05:36 am UTC| Insights & Views Politics

What will you be doing on June 23 this year? Perhaps youll be packing your tent and donning your wellies, ready for the start of Glastonbury. Or maybe youll be celebrating the end of your A Levels, or preparing to...

Briferendum Series

Why is the academic consensus on the cost of Brexit being ignored?

May 17, 2016 15:53 pm UTC| Insights & Views

Two issues dominate the EU referendum debate: economics and immigration. When it comes to my field of economics, polling evidence suggests that if people became convinced that they would be worse off by leaving, even it...

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Economy

China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook

Chinas factory activity contracted at the start of the year, highlighting persistent pressure from weak domestic demand despite continued policy support from Beijing. An official survey released on Saturday showed that...

U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal

The United States government was on track for a partial shutdown early Saturday after Congress failed to finalize a funding agreement before the midnight deadline. Although the U.S. Senate ultimately passed a bipartisan...

Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair

Gold and silver prices suffered a dramatic selloff on Friday after President Donald Trump nominated former Federal Reserve Governor Kevin Warsh to replace Jerome Powell as Fed chair, easing fears about the central banks...

Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets

Wall Street ended Friday on a weaker note as risk-off sentiment dominated trading, driven by hotter-than-expected U.S. inflation data, a dramatic sell-off in precious metals, and major political developments surrounding...

Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes

Asian currencies traded in a narrow range on Friday as the U.S. dollar rebounded modestly from a near four-year low, following comments from U.S. President Donald Trump that he would announce his nominee for the next...

Politics

Venezuela Proposes Amnesty Law and Plans to Transform Helicoide Prison

Venezuelas interim president Delcy Rodríguez announced on Friday a proposed amnesty law aimed at releasing hundreds of prisoners and easing political tensions in the country. Speaking at an event held at the Supreme...

U.S. Approves Over $6.5 Billion in Military Sales to Israel Across Three Defense Contracts

The United States has approved more than $6.5 billion in potential military sales to Israel through three separate defense contracts, according to announcements released by the Pentagon on Friday. The approvals, granted by...

Syria-Kurdish Ceasefire Marks Historic Step Toward National Unity

The Syrian government and Kurdish-led forces have reached a landmark ceasefire agreement that sets out a phased integration of Kurdish fighters into state institutions, easing fears of a major military confrontation in...

Putin Envoy Kirill Dmitriev to Visit Miami for Talks With Trump Administration Officials

Russian President Vladimir Putins special envoy, Kirill Dmitriev, is expected to travel to Miami on Saturday for meetings with members of U.S. President Donald Trumps administration, according to two sources familiar with...

Kevin Warsh’s Fed Nomination Raises Questions Over Corporate Ties and U.S.–South Korea Trade Tensions

Kevin Warsh, President Donald Trumps nominee to lead the Federal Reserve, is drawing renewed scrutiny over his corporate affiliations as trade tensions between the United States and South Korea escalate. Warsh, a former...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate

Speculation around a potential Musk Inc has resurfaced as Elon Musks companiesSpaceX, Tesla, and xAIexplore closer ties amid rapid advances in artificial intelligence and automation. With SpaceX expected to go public later...

SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz

SpaceX delivered a strong financial performance last year, generating an estimated $8 billion in profit on revenues between $15 billion and $16 billion, according to people familiar with the companys results. The figures,...

SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom

SpaceX has revised its Starlink privacy policy to allow customer data to be used for artificial intelligence training, a move that could significantly support Elon Musks broader AI ambitions. The policy change comes as...

Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says

Nvidias ambitious plan to invest up to $100 billion in OpenAI, aimed at supporting the training and operation of next-generation artificial intelligence models, has reportedly hit a roadblock. According to a report...

Federal Judge Signals Possible Dismissal of xAI Lawsuit Against OpenAI

A U.S. federal judge has signaled she may dismiss a high-profile lawsuit filed by Elon Musks artificial intelligence startup, xAI, against rival OpenAI, dealing a potential setback to Musk in an escalating legal battle...