
Citi Executive Backs Pause Clauses for Emerging-Market Debt
A senior banker at Citigroup Inc. said lenders need to accept so-called pause clauses to let struggling sovereign
1970-01-01 08:00

Scientists discover centuries old 'echo' from supermassive black hole
The universe appears to be speaking to us, after a centuries old “echo” from a supermassive black hole was detected by scientists. The black hole located inside the Milky Way became active around 200 years ago and produced a sound that is now being studied. The research was published in Nature and focuses on the black hole named Sagittarius A* (Sgr A*) found 26,000 light-years away from Earth. The noise was triggered when the object consumed gas and dust, with particles moving into the event horizon. The findings could teach us more about the activity of supermassive black holes, which continue to intrigue and confound scientists. Sign up to our free Indy100 weekly newsletter Author of the research Dr Frederic Marin of Strasbourg University said: “It reveals the past awakening of this gigantic object – which is four million times more massive than the Sun. “Our work presents the missing piece of evidence that X-rays from the giant molecular clouds are due to reflection of an intense, yet short-lived flare produced at or nearby Sagittarius A*. These results can further constrain the past activity of the galactic centre.” By their very nature, black holes are difficult to study as they absorb light around them, and these new findings offer insight into a fascinating part of space. Dr Marin said: “To get an idea of the increase in intensity of the X-ray emission when the black hole emerged from its quiescent state, it is as if a single glow-worm hidden in a forest suddenly became as bright as the Sun. “These findings explain why galactic molecular clouds near Sgr A* are shining more brightly than usual. It is because they are reflecting the X-rays emitted by Sgr A* 200 years ago.” Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
1970-01-01 08:00

Dollars Are So Scarce in Argentina That Yuan Use Is at a Record
It’s gotten so hard to find US dollars in Argentina that Whirlpool Corp., the American appliance giant, is
1970-01-01 08:00

Padel Club Opens in Midtown Manhattan to Stoke Booming US Growth
Still have yet to pick up pickleball? Padel, another racket sport, is coming to Midtown Manhattan and making
1970-01-01 08:00

Germany’s €11 Billion Defense Orders to Get Lawmaker Approval
German lawmakers will sign off early next month on government plans to buy 60 Boeing Co. Chinook helicopters
1970-01-01 08:00

Marketmind: Business brakes in June swoon, dollar jumps
A look at the day ahead in U.S. and global markets from Mike Dolan Just as world stock prices raced
1970-01-01 08:00

Why Wall Street’s Climate Efforts Are Failing
Over the last few years, an ecosystem of climate pledges, groups and models has expanded on Wall Street
1970-01-01 08:00

Swamp Thing will be a 'Gothic horror movie' influenced by Frankenstein, says director James Mangold
Director James Mangold has revealed that he is treating the 'Swamp Thing' project as a standalone "Gothic horror movie".
1970-01-01 08:00

France’s Macron Champions Global Taxation for Poverty, Climate
French President Emmanuel Macron called for another overhaul of the global taxation system to finance the fight against
1970-01-01 08:00

Saudi Arabia Is Investing $38 Billion to Become a Video-Game Hub
The Saudi Arabian government is betting $38 billion on the country’s potential to become the next hub for
1970-01-01 08:00

JPMorgan Starts Euro Blockchain Payments for Corporate Clients
JPMorgan Chase & Co. expanded one of the most high-profile projects to bring blockchain technology to traditional banking,
1970-01-01 08:00

India, UK Regulators Close to Resolving Clearing House Issue
The United Kingdom government has said that Indian clearing houses overseen by the nation’s central bank meet its
1970-01-01 08:00