US hurricane center says 80% chance of cyclone in next 48 hours near Florida
US hurricane center says 80% chance of cyclone in next 48 hours near Florida
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UK government sets out details of ‘fundamental review’ of civil service performance
Photo: Shutterstock The review of the UK civil service will focus on strengthening delivery, accountability, innovation and productivity and will inform related reforms The terms of a wide-ranging review of how to create the vision for the future of the UK civil service as a world class institution has been set out by government. The…
Jamie Dimon, JPMorgan Chase announce $24M to boost U.S. shipbuilding
JPMorgan Chase CEO Jamie Dimon on Wednesday announced a $24 million effort to help revive American shipbuilding, his latest move under the bank’s $1.5 trillion security project aimed at bolstering industries critical to U.S. economic and national security. The figure includes $18 million in loans and $6 million in grants to finance a new submarine…
The Problem of Chinese Economic Dominance.
It’s not good for China, US or Europe If everything seems to be made in China these days, it’s probably because it is. China manufacturers roughly the same amount of goods as the US, Japan, and Germany combined. European consumers are currently benefitting from cheap solar panels, electric cars and electronics. But, it comes at…
China: Stagnation to persist as growth model shifts – Commerzbank
Commerzbank’s Dr. Henry Hao argues China’s housing market remains in structural stagnation five years after the Evergrande crisis. National prices follow an L-shaped path, with a K-shaped divergence between Tier-1 and lower-tier cities. Weak demand, tighter funding and demographics mean real estate will no longer be China’s primary growth engine as Beijing redirects capital to…
AUD/USD Forecast: Trades weak below mid-0.6900s amid mixed setup
The AUD/USD pair builds on its modest weekly bearish gap opening and retreats further from a two-and-a-half-week top, near the 0.6970 region, touched on Friday. Spot prices drop to the 0.6930-0.6925 area during the Asian session as escalating US-Iran tensions underpin the safe-haven US Dollar (USD). Furthermore, a fresh leg up in Crude Oil prices…
Silver Price Forecast: Lower high structure holds, bear’s eye $55.00
Silver price retreats on Friday during the North American session, edging down by 0.54%, weighed by high US Treasury yields and a sudden shift in market sentiment, after US President Trump revealed that the ceasefire is “over.” At the time of writing, the XAG/USD trades at $59.66. XAG/USD Price Forecast: Technical Outlook Silver is downward…
