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THE cognoscenti of international economics are once again agape, and not in a flattering way, at the budget surpluses Germany’s government keeps running, when instead it should be stimulating the economy with tax cuts and higher spending. The surplus revealed this week for 2019, at 13.5 billion euros (US$15bil), is the fifth in a row, and the biggest ever.
HONG KONG: The first of Hong Kong’s new generation of digital banks has announced its arrival with a 6% introductory rate for deposits. ZA Bank Ltd., one of eight firms preparing to start digital-only banks in Hong Kong, has begun a trial run that pays a select group of depositors over 3 percentage points.
The dollar appreciated 0.63% to 97.45 largely driven by resilient economic data which includes December’s The Institute of Supply Management (ISM) non-manufacturing purchasing managers’ index (PMI) coming in better than expected, accelerating to a four-month high of 55.0 from 53.9 in November (cons: 54.5) supported by higher production and inventories, and rising optimism over a potential trade resolution.
PUTRAJAYA: Describing the content of nine audio recordings incriminating former top officials, including Datuk Seri Najib Razak, as a subversion of justice and institutions, the Malaysian Anti-Corruption Commission (MACC) says these were made public so that there would not be any more attempts to undermine independent bodies.
DUBAI (Reuters) - The cost of insuring against a potential debt default by Saudi Arabia has soared by a sixth since Friday's killing by a U.S. drone of Iranian commander Qassem Soleimani, bearing the brunt of a broader reaction in Middle Eastern markets.
Walking down music memory lane can take an even more nostalgic turn when you think about how you listened to all those songs you loved so well.
Digital downloads may involve less plastic than the CDs and vinyl of previous generations, but they require a lot of energy to produce, store and play.
Streaming rose from 7% of the US music market in 2010 to a whopping 80% in 2019, according to an eye-popping number from the RIAA.
Global Forex Market
The 1997 video game counterpart to era-defining cyberpunk movie Blade Runner has been given a surprise re-release.