‘The Last of Us’ in real life? Rising temperatures may spread fungal infections
One of the most suspenseful scenes in the HBO series “The Last of Us” comes in its pilot episode, when a scientist predicts that the end of the world won’t come from a viral pandemic, but rather, a fungal one. Smash cut to several decades later — on the show, that is — and a […]
Gold slides over 2% as robust jobs report stokes hawkish Fed fears
(Reuters) – Gold prices dropped over 2% on Friday to a more than three-week low after stronger-than-expected U.S. jobs data raised fears that the Federal Reserve could keep hiking interest rates.Granules of gold and silver are seen in glass jars at the Krastsvetmet non-ferrous metals plant in the Siberian city of Krasnoyarsk, Russia March 10, […]
Dollar Plunges as Fed Says Disinflation Now in Play
The dollar tumbled on Thursday after the U.S. Federal Reserve said it had turned a corner in the fight against inflation, giving markets a confidence boost that the end of its rate-hike campaign is near. Source link
Global investment banks project jump in yuan in 2023 By Reuters
© Reuters. FILE PHOTO: Chinese Yuan banknotes are seen in this illustration taken February 10, 2020. REUTERS/Dado Ruvic/Illustration SHANGHAI (Reuters) – Global investment banks have raised their forecasts for the this year on expectations the country’s economic reopening and Beijing’s decision to relax property sector curbs will trigger strong capital inflows. The bullish forecasts follow […]
PRECIOUS-Gold flat as traders focus on Fed decision
*Fed policy decision due at 1900 GMT*U.S. labour cost growth smallest in a year(Adds details and updates prices)Feb 1(Reuters) – Gold held steady on Wednesday, as investors refrained from taking big bets ahead of the U.S. Federal Reserve’s policy decision due later in the day.Spot gold was flat at $1,927.75 per ounce, as of 0720 […]
Here’s why a record-setting lack of snow in New York City is pretty chilling
Snow has been a no-show in New York City this winter, the longest stretch without measurable accumulation in the several decades that meteorologists have been paying attention to this figure. New York isn’t alone, as much of the East Coast has been blanketed in a gray, rainy and noticeably warmer 2022-2023 winter. As of Monday, […]
Pandemic is still a global health emergency but it may be reaching a point where higher immunity levels mean fewer deaths
The coronavirus pandemic is still a global health emergency, according to the World Health Organization, but an advisory panel has determined that it may be nearing an inflection point where higher levels of immunity will lead to fewer deaths. That was the message Monday from WHO Director-General Tedros Adhanom Ghebreyesus at the agency’s annual executive […]
GLOBAL MARKETS-Stocks take breather after January surge, Adani plunges in India
LONDON, Jan 27 (Reuters) – World stocks eked out a 5-1/2 month high and the dollar held close to an eight-month low on Friday, as reassuring U.S. economic and inflation data kept the bulls largely in charge ahead of next week’s slate of top central bank meetings.Asia-Pacific shares maintained their best start to a year […]
Dollar-dominated global order is ‘fading away’: Ray Dalio
NEW YORK — With the dollar losing clout and the world dividing into competing currency and economic blocs, American investor Ray Dalio said it will be countries less vulnerable to global conflict like those in Southeast Asia that prosper in coming years.Dalio, who founded the $150 billion U.S. hedge fund Bridgewater Associates, said that the […]
Caution triggers as global growth encounters a downward revision
Asian stocks are expected to remain cautionary as global growth has encountered a downward revision. Global markets are likely to remain on tenterhooks ahead of the US GDP release. Oil price has dropped below $80.50 as the US recession fears are still solid. Markets in the Asian domain are showing signs of caution amid the […]