Backlink: VISIONTIMES Governments and central banks are burning through their cache of foreign reserves at an unprecedented speed as the world faces a new and highly tense landscape of geopolitical tensions. In Oct. 5 reporting by Bloomberg, the outlet found global reserve currency war chests have fallen by almost $1 trillion in Q2 and Q3 […]
Backlink: THE BL The chips are being stacked in the new post-pandemic international context. The Chinese regime is suffering a major economic crisis and is at the center of criticism for its outrages and dictatorial policies. Meanwhile, India intends to make a qualitative leap in its commercial role and is striving to replace the […]
Read More… from India’s plan to replace China as ‘the factory of the world’
Backlink: THE EPOCH TIMES The OPEC+ alliance of crude-producing countries has agreed to deep cuts in oil output, providing a likely floor to falling prices and delivering a blow to U.S. President Joe Biden’s pleas for the cartel to boost production to help quell soaring inflation. […]
Read More… from OPEC+ Agrees to Sharply Cut Oil Output in Blow to Biden
Backlink: VISIONTIMES Turkish annual inflation climbed to a new 24-year high of 83.45% in September, data showed on Monday, still lower than forecast, after the central bank surprised markets by cutting rates twice in the last two months. Despite soaring prices, the central bank was expected to cut its policy rate again this month, […]
Read More… from Turkey Inflation Hits New 24-year High of 83% After Rate Cuts
Backlink: THE EPOCH TIMES As of 8 p.m. ET Saturday, Meta, with a market cap of $364.64 billion, has moved to the 11th position among companies with top market cap, data from companiesmarketcap.com shows. Visa Inc. stock is at the 10th position, with a market valuation of $374.38 billion. […]
Read More… from Mark Zuckerberg’s Meta No Longer Among Top 10 Most-Valuable Companies
Backlink: THE BL In view of the deep fall of the yuan, the People’s Bank of China has reportedly told the country’s main state-owned banks to prepare to get rid of their dollar holdings and exchange them for offshore yuan. […]
Read More… from China’s currency crisis: regime urges banks to sell dollars, buy yuan
Backlink: NEWS WEEK Mining bitcoin is as costly to the environment as energy-intensive beef production, and more so than gold mining. According to a paper published in the journal Scientific Reports, bitcoin mining and the mining of other cryptocurrencies uses huge amounts of energy, in fact, more than that used by entire countries. For example, 75.4 terawatt hours […]
Read More… from Bitcoin Is As Bad for the Planet As Beef, and It’s Getting Worse
Backlink: VISIONTIMES A group of lawmakers led by Democratic U.S. Senator Elizabeth Warren is asking the Federal Trade Commission (FTC) to reject Amazon.com Inc’s $1.7 billion deal to buy Roomba vacuum maker iRobot Corp, Axios reported on Thursday, Sept. 29 citing a letter. The FTC last week had asked Amazon and iRobot for more […]
Read More… from Senator Warren and Other Lawmakers Ask FTC to Block Amazon’s iRobot Deal
Backlink: THE BL China has recently witnessed unprecedented capital outflow including foreign investment and people’s savings. The liquidity crisis is spreading across China, depositors’ protests have become a hot topic despite repression from authorities. At this point, the digital yuan (e-CNY) is probably the Chinese Communist Party’s perfect solution in preventing those customers from […]
Read More… from E-Chinese yuan: Just another digital currency or a surveillance and control tool?
Backlink: THE BL “Made in China 2025” was first revealed in May 2015. It aimed to use regime subsidies, mobilize state-owned enterprises, and pursue intellectual property acquisition to catch up and surpass the West’s technological prowess in advanced industries by 2049. […]
Backlink: VISIONTIMES The Philippines is taking another step towards purging the illicit influence of the notorious Chinese Communist Party after the country’s Justice Department announced it would expel 40,000 Chinese workers associated with illegal online casinos. Spokesman Jose Dominic Clavano stated that his department had canceled the license of 175 “Philippine offshore gaming operators,” also […]
Read More… from Philippines Set to Expel 40,000 Chinese Workers Associated With Online Casinos
Backlink: NIKKEI ASIA Bleak overall outlook for sector as sales tumble and losses mount. A select group of state-backed Chinese property developers are emerging as relative “winners” in the crisis engulfing the country’s real estate sector, as they take advantage of private rivals’ distress. […]
Read More… from State-backed companies emerge as ‘winners’ in China real estate crisis
Backlink: REUTERS Sterling skidded to an all-time low against the dollar before recovering on Monday, as investors waited to see if the Bank of England will intervene to calm concerns over government plans that could stretch the country’s finances to their limit. […]
Read More… from Sterling hits record low but rebounds as markets keep close eye on BoE
Backlink: THE BL The Philippine government has finally awarded a $11 billion airport project to a multinational consortium, which had previously been awarded to a Chinese state-owned company. On September 14, the provincial government of Cavite, south of the Philippine capital Manila, decided to award the Sangley Point International Airport (SPIA) construction project to […]
Read More… from Philippines cancels award of million-dollar project to Chinese regime
