Commercial real estate values in the euro zone look stretched, but there are no signs of bubbles in broader European markets, according to the president of the European Central Bank. Speaking at a press conference at IMF Annual Meetings in Washington, Mario Draghi said he does not see evidence that stocks or bonds are overpriced […]
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You wake up and you have a notification from a workout app asking you to log your breakfast. Then another one lets you know a Fantasy Football player — who isn’t even on your team — is out this week. And yet another from some app you never use alerting you of something you don’t […]
Read moreNowRx wants to make standing in line at the pharmacy a thing of the past. This month, its users will have the option to order prescription medications via a virtual home assistant, such as the Amazon Echo or Google Home. A robot then registers to the request and dispenses the medication within minutes, and a […]
Read moreCurrency, United States Finance
Euro zone wages are rising more slowly than the ECB had hoped, Draghi says
Wages and inflation in the 19-country euro zone will eventually rise but more slowly than earlier thought, requiring continued patience from policymakers, European Central Bank President Mario Draghi said Saturday. Wage growth has failed to respond to stimulus for a list of reasons but the ECB remains convinced that labor markets and not a structural […]
Read moreChina’s ruling Communist Party has agreed to amend the party constitution, expected to embed President Xi Jinping’s political thought, ahead of next week’s five-yearly party congress in which Xi will further tighten his grip on power. The party’s Central Committee, the largest of its elite ruling bodies, on Saturday passed a previously announced proposal to […]
Read moreAn unmanned Russian cargo ship has been launched to take supplies to the six astronauts aboard the International Space Station. The Saturday launch from Russia’s main space facility in Baikonur, Kazakhstan, came after a two-day postponement and docking plan change. Initially, the Progress cargo ship was to test a new regime for docking with the […]
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