Babatunde Adepoju

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What the Surging Yuan Means for China's Economy

The yuan’s surge this year is proving a double-edged sword, risking hurting the nation’s exports even while boosting the chances of currency and …

Italy's dual currency schemes may be long road to euro exit | Reuters

ROME (Reuters) - Italy’s main opposition parties are replacing their calls to leave the euro with apparently less radical proposals to flank it with a new currency they say can boost growth and jobs.<p>FILE PHOTO - Italy's former Prime Minister Silvio Berlusconi gestures during the television talk …

Chastised by E.U., a Resentful Greece Embraces China’s Cash and Interests

ATHENS — After years of struggling under austerity imposed by European partners and a chilly shoulder from the United States, Greece has embraced the advances of China, its most ardent and geopolitically ambitious suitor.<p>While Europe was busy squeezing Greece, the Chinese swooped in with …

Saudi Arabia's financial constraints are starting to limit its ability to project power

Saudi Arabia's strategy in the Middle East has for years focused on throwing money at majority Sunni states and groups in the region to counter Iranian influence. But its fiscal constraints started to limit its ability to project power even in the Arabian Peninsula.<p>Funding Sunni jihadist groups has …

In Russia’s Far East, a Fledgling Las Vegas for Asia’s Gamblers

ARTEM, Russia — On Russia’s eastern rim, where endemic corruption and bureaucratic sloth conspire to hold back the economic dynamism enriching the rest of Asia, a shimmering palace rises from a dark forest in an improbable effort to tap into the wealth of nearby China, Japan and South Korea.<p>At a …

The threat of Grexit returns to haunt EU

Crisis-plagued Greece has come quite close to being kicked out of the eurozone several times, before last-minute deals averting such an outcome. But …

Europe

With or Without Wall, Trump Wreaks Havoc on Mexico’s Economy

Donald Trump hasn’t even been sworn in as U.S. president yet and he’s already wreaking havoc in Mexico’s economy.<p>Ford Motor Co. said Tuesday it’s …

Honor and Effort: What President Obama Achieved in Eight Years

<i>Excerpted from TIME’s</i> “Barack Obama: Eight Years,” <i>a definitive, one-of-kind 96-page, fully illustrated commemorative edition.</i> <i>Available at retailers</i> …

Foreign Policy

Opinion: The Congressional Budget Office just destroyed Trump’s budget promises

Hey, Trump voters! Do you want the good news or the bad news?<p>The good news is that the green eye-shades and number-crunchers at the Congressional …

Federal Budget

WIDER IMAGE - Railway to nowhere shows Brazil's infrastructure woes | Reuters

SALGUEIRO, Brazil (Reuters) - The rusting tracks of Brazil’s Transnordestina railway peter out and give way to a dirt trail in a remote corner of the country’s arid northeast, far from the ports or farms it was meant to serve.<p>Plants grow on the Ferrovia do Nordeste section of the Transnordestina …

Brazil

The spectre of stagflation looms over the economy. This time it’s scarier than ever

Forecasts of rising inflation and slowing wage rises in 2017 are only some of the reasons economists such as Adam Posen are gloomy about Britain’s future<p>As we near Halloween night, there is a growing sense of foreboding about the economy’s prospects next year, even among Brexiters. The one word …

The generation that grew up with Nike Dri-FIT is making dress shirts you could run a marathon in

In an era where jeans are stretchy and yoga pants are office attire, one might spare some pity for the men still confined to dress shirts.<p>With buttons down the front and a stiff, folded collar to accommodate a necktie, there’s a ceremonial primness to this garment. What’s important is how it looks, …

Clothing

Exxon and Saudi Arabia Disagree to Agree

Big dogs don't come much bigger than this.<p>Saudi Arabia’s Minister of Energy and Industry Khalid Al-Falih warned at a conference in London on …

Scientists Accidentally Discover Method to Turn Carbon Dioxide Into Ethanol

A team of scientists in Tennessee accidentally discovered a new method to convert carbon dioxide to ethanol, a finding that could aid the development …

Carbon Dioxide

Biggest map of giant voids and clusters in the universe solves major cosmological puzzle

Since its discovery in 2008, astronomers have been puzzled by a cosmic mystery so vexing that it has even led some to question whether the general …

Dark Matter

These Shape-Shifting Solar Panels Can Be Disguised As Tile Or Shingles

The technology would let historic or protected buildings install “invisible” solar panels.<p>Solar panels can drastically bring down the energy footprint of any building on which they are installed. But existing solar panels can’t be used just anywhere. These flat, fragile, and transparent panels are …

Clean Energy

The U.S. may be the 'Great Satan' in Iran, but some still want to win the U.S. visa lottery

In Tehran, the ritual is becoming as familiar as the "Death to America" chants at Friday prayers.<p>It's the yearly rush to enter a lottery for the chance to immigrate to the United States.<p>"I want to experience a new life in the U.S. Why not?" said Milad Nazari, a spiky-haired 29-year-old working at a …

Questor: an oil firm whose fortunes don’t rely on the crude price (and Warren Buffett is buying)

When we asked Questor readers for their feedback following our recent relaunch, one of the most popular suggestions was that we cover more overseas shares. So today we look at a giant American firm that may nevertheless be unfamiliar to many.<p>This is because the business, Phillips 66, was demerged …

IMF says record global debt a huge problem

The International Monetary Fund (IMF) has warned against a mounting global debt level affecting both the corporate world and private households. It …

Economics

Ask Ethan: How Do We Know The Universe Is 13.8 Billion Years Old?

You’ve heard the story before: the Universe began with the Big Bang 13.8 billion years ago, and formed atoms, stars, galaxies, and eventually planets with the right ingredients for life. Looking at distant locations in the Universe is also looking back in time, and somehow, through the power of …

When Juno Meets Jupiter: NASA’s Fastest Spacecraft to Enter Planet’s Orbit

Almost exactly a year after NASA's New Horizons spacecraft made history with the first-ever flyby of Pluto, the agency's Juno spacecraft is scheduled …

Factbox - What Brexit could mean for the UK economy | Reuters

LONDON (Reuters) - Britons have voted to leave the European Union, a decision which leaves the world’s fifth-biggest economy facing deep uncertainty about its growth prospects and its attractiveness to investors, and which could hurt other economies in Europe and beyond.<p>The Houses of Parliament …

Computer models predict how the first clumps of matter formed – and what our universe's future holds

Our universe came to life nearly 14 billion years ago in the Big Bang—a tremendously energetic fireball from which the cosmos has been expanding ever …

Dark Matter

In a first, Mideast hub Dubai eases liquor rules for Ramadan

DUBAI, United Arab Emirates (AP) — Dubai, the Mideast's desert party town, has just gotten even wetter.<p>The city-state is breaking new ground with its decision to loosen rules prohibiting day-time alcohol sales during the Muslim holy month of Ramadan, a move that reflects how much Dubai's rulers …

United Arab Emirates

The Ocean Inside Enceladus May Be Tantalizingly Within Our Reach

In our search for life in the Solar System, there are a few places that look rather promising. Mars, which once had oceans on its surface, may have …

Astronomy

World Largest Luxury Apartment In New York On 1680 Square Meters

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Scientists just got one of the best measures yet of a fundamental of physics

<i>This post has been updated.</i><p>Beneath three glass bell jars, in a locked vault in the basement of a highly secure facility outside Paris, sits the world's most important kilogram.<p>Ever since 1889, when the General Conference on Weights and Measures (CGPM) made the imperious pronouncement, "this …

Asymmetric molecule detected in space, points to cosmic origins of life on Earth

Researchers have produced evidence of a complex organic molecule in space for the first time. This complex organic molecule’s asymmetric structure is …

Chemistry

Now is the time to invest in Nigeria, say entrepreneurs

<b>(CNN) —</b> A fuel crisis, corruption claims and even a shortage of tomatoes: Nigeria has made headlines for all the wrong reasons lately, and the streak of disappointing news seems to continue, as United Airlines cancelled its daily flight from Houston to Lagos due to weakness in the energy sector and …

How OPEC lost its iron grip on oil prices

When his final press conference as secretary-general of the Organization of the Petroleum Exporting Countries came to an end last week, Abdallah Salem el-Badri finally addressed the whispers that have been circulating throughout the oil markets.<p>Energy industry observers are howling that “OPEC is …