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REPORT: Japan looks set to delay its sales tax increase again
With inflation non-existent and economic growth weak, Japanese prime minister Shinzo Abe will reportedly delay an increase to the nation’s sales tax from 8% to 10%, originally scheduled to occur in...
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China just set a world record for car buying
When it comes to car sales globally, no nation, not even the US, can compete with China.According to research from Frederic Neumann, economist at HSBC in Hong Kong, over 21 million cars were sold in...
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Investors around the world are ditching stocks in favour of bonds
Investors globally continued to ditch stocks last week, creating a seven-week run in demonstrating a preference to invest in fixed income assets instead.According to research from Kenneth Chan, a...
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It looks like super-bugs have finally built resistance to our 'drug of last...
It was all but inevitable, but the emergence of a “truly pan-drug resistant bacteria” in the US has researchers deeply concerned.MCR-1 is a gene found in some bacteria which is resistant to the drug...
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Putin has turned Russia into a ticking time-bomb only he can defuse
Here’s an alarming observation.According to Nikolay Petrov, a visiting fellow at the European Council on Foreign Relations, Russian President Vladimir Putin is looking at the possible failure of his...
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China produced nearly eight times more steel than any other nation in 2015
In April, China produced more crude steel that the rest of the world combined, the second month in a row that this had eventuated.As the map reveals, supplied by the World Steel Association, this was a...
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HERE IT IS: Soc Gen's famous chart with the black swans
Societe Generale's latest update to its "black swans" chart is out.Black-swan events are those which are unlikely to occur but, should they come about, would cause chaos on global markets.Europe's...
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Chinese stocks are on the brink of joining an important global club — and the...
Led by financials, Chinese stocks have gone nuts on Tuesday, jumping by around 3% amid speculation that mainland A-shares may be included in the MSCI’s benchmark indices as early as next month.With...
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Here's the absurdly cool reason Ferrari won't make an SUV, according to the...
Flavio Manzoni is Ferrari’s senior vice president of design. The 51-year-old studied architecture and produced cars for the likes of Maserati, Volkswagen, Bentley, and Bugatti before joining Ferrari in...
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A primate expert says shooting the Cincinnati Zoo gorilla was 'drastic' and...
The death of 17-year-old gorilla Harambe who was shot after a child fell into its enclosure at Cincinnati Zoo earlier this week has shocked the world and sparked a fierce debate over the actions of the...
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Australia's economy is crushing it
The Australian economy is humming.Real gross domestic product (GDP) grew at 1.1% in Q1 in seasonally adjusted chain volume terms, seeing the year-on-year growth rate accelerate to 3.1%, the fastest...
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China's manufacturing is on a bit of a roll
China’s manufacturing sector expanded for the third month in a row in May, albeit at a marginal pace of growth.According to China’s National Bureau of Statistics (NBS), the official manufacturing...
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Global manufacturing has stalled
Activity levels across factories the world over stalled last month, according to the latest JP Morgan-Markit global manufacturing purchasing managers’ index (PMI) released on Wednesday.The PMI came in...
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The Louvre is scrambling to save its priceless artworks from floodwaters
The River Seine is flooding.The streets of Paris nearby the river are now canals of water and residents are fleeing their buildings.As a precaution, local officials have also closed Paris’s Louvre...
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A trend in America's oil industry is about to become a big factor in the...
US crude oil production looks set to slow sharply over the coming months, and that should keep prices well supported in the second half of the year. That’s the view of Daniel Hynes, senior commodity...
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A crucial part of the Chinese economy is starting to weaken
Growth in China’s services sector, tasked with powering economic growth in the decades ahead, slowed to a crawl last month.The Caixin-Markit services purchasing managers’ index (PMI) fell by 0.8 points...
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PIMCO's 6 rules for surviving market volatility
This week PIMCO, one of the globe’s biggest bond fund managers and member of the Allianz group of companies, released a manifesto on how to navigate a global investment outlook which is “stable but not...
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REPORT: Twitter and Yahoo held merger talks
Twitter has been in talks with Yahoo about a possible merger, according to a report in the New York Post.The social-media company, whose user growth has plateaued, held a management-level meeting with...
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Bitcoin has been on an explosive rally — and it's back through $500
Bitcoin is back.The cryptocurrency has been surging in US dollar terms over recent weeks, surging back through the $US500 mark, up around 170% from its lows of January last year. And in the past few...
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A kid found crystal meth in a Kinder Surprise egg
A five-year-old kid from Belfast didn’t get the surprise he was hoping for when he opened a Kinder Surprise egg.Instead of finding a toy inside, the child found a small bag of white powder that was...
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