Daily Financial Forecast 25 Apr 2019
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Italian coalition partners fail to agree on Rome bailout
A tense meeting between Italy's coalition partners on Rome's crippling debt has broken up without a final resolution. Click the video news report.
Tougher US sanctions threaten Iran's economy
Washington's move to tighten sanctions on Iranian oil exports is
expected to hit the economy in Iran and beyond. Also today: Sri Lanka
braces for a hit to its burgeoning tourism industry after Sunday's
deadly attacks, and Cathay Pacific vows to combat petty theft among
airplane crews. Click the video news report.
Explained: A bankrupt economy - Impact of Pakistan bankruptcy
As indicated by most recent figures discharged by the administration,
exchange shortfall is falling pointedly and expansion scarcely climbed
0.4 per cent in the previous five months since the PTI government
expected power. Indeed, even fares demonstrated unobtrusive development
of 5.48 per cent amid the period. Click the video news report.
What's next for Ukraine under comic-turned-president? | Al Jazeera
TV comedian Volodymyr Zelensky is now Ukraine's new president.
Ukrainians overwhelmingly elected him in, rejecting former President Petro Poroshenko.
Improving the economy will be a top priority for him.
But the task ahead of Zelensky won't be easy. Clck the video news report.
Cannabis News Moving Markets April 22, 2019 - CannTrust, MedMen, Supreme Cannabis
Midas Letter News features the most important headlines in the cannabis
industry. Producer Ricki Gurwitz brings viewers the latest breaking news
from the cannabis, mining, technology, and crypto industries. This
daily segment highlights the acquisitions, announcements, and deals
trending in the space. lick the video news report.
US set to end waivers on Iran oil sanctions
Washington is reportedly preparing to end waivers on US sanctions for
importers of Iranian oil, sending crude prices higher as it steps up
pressure on Iran. Click the video news report.
How India's Economy Is Growing At A Faster Pace Than China
China's economy might get more attention, but India's is outpacing its neighbor in economic growth. In fact, India came in as the world's fastest growing large economy during 2018, according to the IMF. India's prime minister faces criticism for a lack of job creation and the workforce remains largely in the informal sector. This year, India is in the midst of an important election. Beyond recent tensions with Pakistan, the economy is a key campaign issue. Indian voters are deciding on their next prime minister and one key issue that could sway voters is how much Prime Minister Narendra Modi has done with the country's economy.
Philippines remains attractive for foreign investors, British trade group says | ANC
Market Edge: The Philippines remains attractive to foreign investors as
businesses are looking at "new growth prospects" in Southeast Asia,
British Chamber of Commerce Philippines chairman Chris Nelsonon said. Click the video news report.
China's economy looks to be stabilising, but at what cost?
China's latest data points to a stabilising economy as a massive
stimulus program takes effect, but experts warn there could be
unintended consequences. Click the video news report.
How Pinterest Makes Money
Pinterest has 265 million monthly users who bookmark images they find online by "pinning" them to themed inspirations "boards." Pinterest makes money by targeting ads at these users, selling "promoted pins" and click-to-buy shopping ads to businesses and hundreds of retail partners. A note on Pinterest's $10B valuation: This represents the company's market cap vs its enterprise value of $11B.
New study shows microplastics have reached remote areas of the world
A five-month study carried out in the French Pyrenees has shown that microplastics can travel a distance of up to 95 kilometres.
That means remote and sparsely inhabited areas can be affected, and also areas where we thought the air was fresh. Click the video news report.
Indonesia elections: Candidates focus on economy | Al Jazeera
Indonesia's president's main challenger says the country needs to change its economic direction. Prabowo Subianto is up against incumbent Joko Widodo, who has overseen solid economic growth in his first term. But his rival in Wednesday's election says many Indonesians aren't seeing the benefits.
AOC Grills Big Bank CEOs in Congressional Hearing
Unlike the rest of the bank leaders testifying before the House
Financial Services Committee, the JPMorgan Chase & Co. boss has been
in the congressional hot seat many times before. And rival executives
point out, he has a tendency to dominate the conversation anyway. Click the video news report.
How India And China Broke Out From The BRICs
Brazil, Russia, India and China were coined the BRICs in 2001 by Jim
O'Neill, then chief economist at Goldman Sachs. For a while, everybody
wanted a piece of the fast-growing emerging markets. But a few years
after the financial crisis, the economies started diverging. Click the video news report.
The IMF stands by to help Venezuela once it's decided who's in charge
The power struggle in Venezuela is hampering international assistance to the crisis-struck South American nation... Click the video news report.
US-EU trade dispute heats up over Boeing and Airbus subsidies
The United States government has threatened to impose further tariffs of more than 11 billion dollars on products from the European Union in response to subsidies Brussels is paying to Airbus. A list of products subject to possible new tariffs includes Airbus planes and related products in the aviation sector, but also food products ranging from swordfish and salmon to cheese, olive oil and wines. The EU, meanwhile, has sued the US for subsidies paid to Airbus rival Boeing. The World Trade Organization says both parties have broken global trade rules by subsidizing Boeing and Airbus.
UK working class riled up over Brexit
The mainstream UK press has for the most part abandoned WikiLeaks
founder Julian Assange. Meanwhile, anger has been boiling over in the
United Kingdom after leaders again agreed to extend Brexit-this time to
October 31. Click the video news report.
What is ethical hacking and what is it doing for cybersecurity?
Hackers today are capable of stealing your bank details in seconds by simply holding your debit card to their phone.... Click the video news report.
China - Russia hoarding gold, not dollars
China continues its gold-buying spree in anticipation of the US dollar's
demise as the global reserve currency. Professor Richard Wolff joins
Rick Sanchez to discuss what this means about shifting US standing in
the world. Click the video news report.
Brexit: Theresa May updates MPs on 31 October delay
Theresa May is briefing the House of Commons on her agreement with EU
leaders to delay Brexit by more than six months.
The new deadline of 31 October means the UK is likely to have to hold
European Parliament elections in May.
The prime minister promised to pursue an "orderly" Brexit, saying it was
her "priority" to deliver it.
Earlier, Labour welcomed the delay, promising to work with the
government to "break the impasse" in Parliament. Click the video for more informations.
Brexit is bad news for the Netherlands: Dutch finance minister | Street Signs Europe
Dutch Finance Minister Wopke Hoekstra tells CNBC Brexit is a "soap
opera" and a "tragedy," and discusses proposals to change the way the EU
makes decision. Click the video news report.
EU : EP President Tajani on Brexit: Press conference
President of the European Parliament Antonio Tajani holds a press
conference on Brexit in Brussels on Wednesday, April 10.
European leaders gather in Brussels for a Special European Council
summit on the UK's departure from the European Union (Art. 50). Tajani, a
pronounced opponent of Brexit, asserted that a no-deal Brexit would
hurt the UK the most, but would also have damaging consequences for the
EU as well. Nevertheless, the President of the EP also stated that the
Brexit date could only be delayed by "a maximum of several weeks" - not
exceeding the end of June. Click the video news report.
London introduces Ultra Low Emission Zone to combat air pollution
An Ultra Low Emission Zone has been introduced in London by the mayor,
Sadiq Kahn. With nearly 1000 people hospitalised due to asthma in the
capital each year, the move aims to reduce traffic in the city centre. ... Click the video news report.
EU stands 'fully behind Ireland' on Brexit, according to chief negotiator
The EU's chief Brexit negotiator, Michel Barnier, said the EU would stand "fully behind Ireland" whatever the outcome... Click the video nes report.
The World's BIGGEST Airport opens - New Istanbul Airport
The World's Biggest Airport - New Istanbul Airport is fully operational
from 6th April 2019. All existing flight operations from current Ataturk
Airport will be moved to the new Istanbul Airport. Click the video news report.
The Difference Between The Stock Market And The Economy
Each day, investors are treated to news about the economy and
information about how the stock market has done recently. It can be very
difficult to process what's going on because at any given moment in
time, there may be very little correlation between how things are going
in the real world and how prices are acting on Wall Street. Click the video news report.
Trump lashes out at Germany over military budget | DW News
NATO is marking its 70th birthday today. The military alliance was created to protect Europe from threats from the Soviet Union. After the fall of the Berlin Wall and the ultimate collapse of the Soviet Union, NATO has been redefining itself. Its 29 member states - and Germany in particular - have come under mounting pressure from Washington since President Donald Trump took office. He has demanded other NATO allies increase their spending on military budgets. At a press conference with NATO Secretary General Jens Stoltenberg, Trump reiterated complaints about German Chancellor Angela Merkel and about Germany failing to meet targets of spending 2 percent of GDP on defense.
Trump says he'll close the border with Mexico or 'tariff their cars'
U.S. President Donald Trump continued his threat to close the border with Mexico, but added that if Mexico doesn't stop what he says is an influx of drugs into the U.S., he'll "tariff their cars." He also said finding a way to stop illegal immigration and ending the trafficking of drugs through the U.S.-Mexico border is "more important" to him than the USMCA.
Eurozone WARNING: Economy 'NOT resilient enough' for financial crisis - Lagarde panic
THE eurozone economy is "not resilient enough" to withstand another
financial crisis, the head of the International Monetary Fund (IMF)
IMF Managing Director Christine Lagarde said the euro area is stronger
now than it was during the last financial crash in 2008, but
acknowledged more work needed to be done to protect the eurozone from
"unexpected economic storms". Speaking at a conference at the Bank of
France in Paris, she said: "It is not resilient enough. "Its banking
system is safer, but not safe enough. "Its economic well-being is
greater overall, but the benefits of growth are not shared enough." Click the video news report.
JICA - Metro Manila subway to form north-south backbone of PH capital
The Japan International Cooperation Agency (JICA) has committed to give
200 billion yen to the Philippines in 2018 in support of the
government's Build, Build, Build program. Click the video news report.
Turkey local elections: Setback for Erdogan in big cities - BBC
The party of Turkey's President Recep Tayyip Erdogan has lost control of
the capital, Ankara, in local elections in a setback after 16 years in
The opposition is also ahead in the contest for mayor of the largest
city, Istanbul, the election commission says.
Nationally, the president's AKP-led alliance has won more than 51% of
the vote in the municipal elections.
But the AKP is challenging the results in the capital and Istanbul -
seen as the greatest electoral prize.
The vote, considered a verdict on Mr Erdogan's rule, has been taking
place during an economic downturn. Click the video news report.
Saudi Aramco now the most profitable company in the world
Jared Blikre of Yahoo Finance reports on Saudi Aramco's net income of
$111 billion dollars in 2018 and where they are looking to invest in the
future. Click the video news report.
Political shakeup in oil-rich Guyana
RT America's Michele Greenstein joins Scottie Nell Hughes to explain how
oil discoveries have reignited a long-standing border disputes between
Guyana and Venezuela and have led to unexpected changes in Guyanese
parliament through a "no confidence" vote that has appealed at the
Caribbean Court of Justice. Click the video news report.
Scientists campaign to ban lethal robots production | Al Jazeera
Scientists and activists are calling for a ban on making robots that could kill humans, which some tech companies are racing to develop. But that call hasn't been met with a blanket "yes", especially from some players in the Artificial Intelligence industry. So far, the United States and Russia have resisted signing up to the ban.
EU divisions over Venezuela crisis
Parliament Socialist group abstains for first time in vote on EU position... Click the video news report.
How to deal with China? EU divided over Belt and Road initiative
France's President welcomed Xi Jinping for a state visit where the host decided to call for backup. After the easy part - the state banquet, the signing of mega-deals - Emmanuel Macron invited German chancellor Angela Merkel flanked by European Commission President Jean-Claude Juncker. Better than an EU-China summit, four around the table meant getting down to it, on the Belt and Road initiative. Are critics right to call it a debt trap? Is it any different than being beholden by US giants?
MPs reject all 8 different Brexit options
MPs have voted against all eight options under the indicative votes process. Notably this means that the UK will not the European Union without a deal on April 12. As well as rejecting the notion of a confirmatory public vote, therefore meaning no motion would be put to the public to vote on in regards to a Brexit deal. A notion put forward by Ken Clarke to negotiate a 'permanent and comprehensive UK-wide customs union with the EU' was narrowly voted against by just 8 votes.
Deals and diplomacy: European leaders meet China's Xi | DW News
Following a string of meetings in some of Europe's major capitals, Chinese president Xi Jinping is in Paris for talks with the European Union. His host, France's Emmanuel Macron, along with the EU's Jean-Claude Juncker and Germany's Angela Merkel, are trying to find a common approach to China's rapid economic expansion, which has led to agressive investment in Europe and the takeover of numerous companies by Chinese competitors.
Big infrastructure push in the Philippines
In 2017, Philippine President Rodrigo Duterte launched the "Build.
Build. Build" strategy. As part of the massive infrastructure project,
leaders from China and the Philippines are set to sign a deal on a
600-kilometer railway project, which will run from Manila to Matnog in
Sorsogon. The Philippines plans to spend around 180 billion U.S. dollars
on over 75 flagship projects until 2022. That includes six new
airports, nine railway lines, three bus rapid transits, 32 roads and
bridges, and four seaports. Click the video news report.
China, Philippines lift ties to strategic cooperative partnership
Chinese President Xi Jinping and his Philippine counterpart Rodrigo
Duterte attended a joint news conference on Tuesday, agreeing to upgrade
their relations to a strategic cooperative partnership. Click the video news report.
How to prepare for the next global recession | The Economist
A decade after the global recession, the world's economy is vulnerable
again. Ryan Avent, our economics columnist, considers how the next
recession might happen-and what governments can do about it Click the video news report.
Is this the quote that sums up Brexit? Raw Politics
Lithuania's Dalia Grybauskaitė spoke for many with her incomprehension over the UK's policy goals.... Click the video news report.
What Will Happen to Humans Before 2050?
If you ever dream of being able to see the future, this video is
something just for you. Nowadays you don't need to be a psychic to
predict the future, sometimes it's enough to just analyze the present.
Here're the events that are planned to happen or will probably happen by
the year 2050. Click the video presented to you by Bright Side.