100 years of innovation and inventions – The South African Vice-Chancellor reflects on the future

We live in a world characterized by inequality, poverty, economic volatility, globalization, climate change and ambiguity. in my country, South Africaresidents face socio-economic and political instability, electricity and water cuts, homelessness, unethical governance, and poor or no service provision. It is far from what the country could be if we put its best talents and … Read more

Britain’s fiscal retreat causes stocks and the pound to rebound

Britain eliminates a small part of the tax plan; lightened markets The Reserve Bank of Australia surprises with a small increase high VIX; The Credit Suisse stock slide points to the nerves below SYDNEY, Oct 4 (Reuters) – Asian equities rebounded Tuesday after Britain scrapped parts of a controversial tax cut plan, temporarily improving global … Read more

US production almost slows down; reduction of price pressures

The manufacturing PMI fell 1.9 points to 50.9 in September New orders, employment measures contract Price pressures in factories, easing of supply bottlenecks Spending on construction fell by 0.7% in August WASHINGTON, Oct.3 (Reuters) – U.S. manufacturing activity grew at the slowest pace in nearly 2.5 years in September, as new orders contracted amid the … Read more

A wild week in the energy markets and the British pound collapses: the Forbes AI newsletter

PA Images via Getty Images TL; DR British pound exited new Prime Minister Liz Truss’ announcement bank, forcing central bank to step in to secure the economy US consumer confidence rose again in September, bucking the prevailing negative sentiment common on social and mainstream media Another wild week on energy markets with Europe’s Nord Stream … Read more

World industrial activity weakens due to global slowdown, cost pressures

The activity of factories in the euro zone further declined in September British manufacturing production fell for the third consecutive month Japan’s September PMI marks the weakest growth since January last year Manufacturing activity shrinks in Taiwan, Malaysia LONDON / TOKYO, Oct 3 (Reuters) – Global industrial production mostly weakened in September as slowing demand … Read more

Analysis: Underwater: How the Bank of England threw a lifeline to the markets

The Bank of England bought bonds after the pension fund, please Some UK pension funds have faced problematic margin calls BoE support is seen as a window to create collateral The UK government’s unfunded fiscal plan has scared the markets LONDON / NEW YORK, Oct. 2 (Reuters) – Calls to the Bank of England began … Read more

US investors brace for more unbridled market rotations after the dizzying third quarter

NEW YORK, Sept. 30 (Reuters) – In a year of sharp market swings, the third quarter of 2022 was a time when events took a truly extraordinary turn. As the Federal Reserve stepped up its monetary policy tightening to tame the worst inflation in decades, US Treasury yields jumped to their highest levels in a … Read more

Consumer spending in the US rebounds, but high inflation erodes demand

Consumer spending increased by 0.4% in August Personal income increases by 0.3%; savings rate stable at 3.5% Core PCE price index rises by 0.6%; up 4.9% year on year WASHINGTON, Sept. 30 (Reuters) – U.S. consumer spending rose more-than-expected in August, but the Federal Reserve’s aggressive rate hikes as it battles stubbornly high inflation are … Read more

Weekly claims for unemployment benefits in the United States hit a five-month low; darkening of the economic picture

Weekly claims for unemployment benefits drop from 16,000 to 193,000 Continuing receivables decreased from 29,000 to 1,347 million Second quarter GDP contraction not revised at the rate of 0.6%. Gross domestic income revised downwards towards GDP WASHINGTON, Sept. 29 (Reuters) – The number of Americans filing new jobless claims last week has fallen to a … Read more

Ian brings more damage to Florida’s already volatile insurance market

First look at the damage on Fort Myers Beach Frank Loni’s footage, shot late Wednesday, shows the impact of Hurricane Ian in Fort Myers Beach, with flooding and damage seen. TALLAHASSEE, Fla. – The Florida real estate insurance market was already in jeopardy. Then came Hurricane Ian. The massive storm that hit Southwest Florida producing … Read more