Countering the counter-offensive

Countering the counter-offensive

Newest news about Leopards in Zoo: “The Ukrainian Armed Forces’ total losses in south Donetsk direction were over 1,500 servicemen, 28 tanks, including eight German-made Leopard tanks and three French-manufactured AMX-10 wheeled tanks, as well as 109 other armored fighting...
read more
BIS To Use AI To Monitor Global Bank Transactions For “Money Laundering”

BIS To Use AI To Monitor Global Bank Transactions For “Money Laundering”

As the IMF is currently gearing up to introduce its new global CBDC system called the UMU (also known as the Unicoin), The Bank for International Settlements (BIS) has been busy with multiple projects designed to centralize all international banks...
read more
Tesla net income and earnings drop more than 20%

Tesla net income and earnings drop more than 20%

Tesla profit miss estimates, gross margin dips to 19.3% on price cuts. Shares in electric vehicle maker Tesla dropped more than 4% after the company reported first-quarter earnings after the bell. Net income came in at $2.51 billion, down 24%...
read more
Apple now gets roughly 7% of its iPhones from India

Apple now gets roughly 7% of its iPhones from India

Apple Inc. assembled more than $7 billion of iPhones in India last fiscal year, tripling production in the world’s fastest-growing smartphone arena after accelerating a move beyond China. The US company now makes almost 7% of its iPhones in India...
read more
Macron Says Europe Should Reduce Dependence On US Dollar

Macron Says Europe Should Reduce Dependence On US Dollar

After spending around six hours with Chinese President Xi Jinping as part of a three-day state visit to China, Macron made extremely clear that France wants nothing to do with WWIII, emphasizing that Europe must employ “strategic autonomy,” presum...
read more
Major global powers ditching the U.S. dollar

Major global powers ditching the U.S. dollar

The global trend of substituting the US dollar with local currencies in the trade of goods and transactions has been on the rise, with countries hoping to reduce their dependence on Washington and prevent it from further exploiting its power...
read more
‘Dr. Doom’: Most US banks are “technically near insolvency,” with hundreds already “fully insolvent.”

‘Dr. Doom’: Most US banks are “technically near insolvency,” with hundreds already “fully insolvent.”

Renowned economist Nouriel Roubini, who predicted the global financial crisis of 2008 caused by fraudulent MBS, has issued a grim assessment of US banking sector’s status. In an opinion piece for Project Syndicate, Roubini, nicknamed ‘Dr. Doom’ by Wa...
read more
SEC Chair Gary Gensler To Face Congress Grilling Over Crypto Policy

SEC Chair Gary Gensler To Face Congress Grilling Over Crypto Policy

The United States Securities and Exchange Commission (SEC) chief Gary Gensler is set to testify before the House Financial Services Committee for the first time. In an interview, Representative Patrick McHenry, chairman of the Financial Services Committee, co...
read more
Rumour: Hypersonic Missile Kinzhal Destroyed NATO’s Deep Underground Command Bunker in Kiev

Rumour: Hypersonic Missile Kinzhal Destroyed NATO’s Deep Underground Command Bunker in Kiev

Note: This is a rumour, unconfirmed by thousands of other media outlets. The Greek portal of political and military information Pronews, citing American sources: A Russian hypersonic missile “Kinzhal” struck at a joint Ukrainian-NATO command and communicat...
read more
USDC Depegs From $1

USDC Depegs From $1

U.S.-based casual stablecoin USDC issuer Circle held a part of its USDC stablecoin’s cash reserves at Silicon Valley Bank as of Jan. 17, according to the firm’s latest attestation. USDC is the second-largest stablecoin on the market, with a $43 bill...
read more
Iran and Saudi Arabia agree to resume relations

Iran and Saudi Arabia agree to resume relations

Iran and Saudi Arabia have reached an agreement in the Chinese capital of Beijing to restore their diplomatic relations and re-open embassies and missions, seven years after their ties were broken off over several issues. The agreement was struck on Friday...
read more
$28.8 Billion Worth Adidas Projects Major Losses in Revenue

$28.8 Billion Worth Adidas Projects Major Losses in Revenue

Adidas is suffering after bidding goodbye to Kanye West. The brand and the celebrity majorly uplifted each other with their Yeezy collaboration, which began in 2015. The partnership became super successful, making billions of dollars in revenue, which came to...
read more
The SEC Charges Kraken Over Staking

The SEC Charges Kraken Over Staking

The Securities and Exchange Commission announced its enforcement action against Kraken, forcing the crypto exchange to shut down its staking service in the U.S. and pay a $30 million fine. Kraken’s staking service offered its customers an opportunity to ear...
read more
The EU Needs More Diesel Fuel, But The Middle East Can’t Supply It All

The EU Needs More Diesel Fuel, But The Middle East Can’t Supply It All

The EU is banning—effective February 5—seaborne imports of Russian refined oil products, and it has to replace around 1 million barrels per day (bpd) of Russian fuel imports, including 600,000 bpd-650,000 bpd of diesel. In December, for example, Russia’s...
read more
Lebanon to devalue currency by 90% on Feb. 1

Lebanon to devalue currency by 90% on Feb. 1

Lebanon will adopt a new official exchange rate of 15,000 Lebanese pounds per US dollar on Feb. 1, central bank governor Riad Salameh said, marking a 90% devaluation from its current official rate that has remained unchanged for 25 years....
read more