15 Breaking News found.
  • May 13, 2023

    There was much mirth in the West this week when Vladimir Putin’s Victory Day parade through Red Square included just one tank, itself a relic from a museum. The inference was that Russia has lost so much military kit in Ukraine that it is a shadow of the military superpower the Soviet Union used to ...

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  • May 04, 2023

    Microsoft Corporation's Chief Economist, Michael Schwarz, stated his primary concern about the swift integration of artificial intelligence in the economy is not the impending wave of job losses but instead bad actors acquiring AI systems for nefarious purposes, according to Bloomberg.  "I am confid...

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  • May 03, 2023

    Malaysia has been ranked third behind Russia and the Czech Republic in the latest instalment of The Economist magazine’s crony-capitalism index, which first estimated how much plutocrats profit from rent-seeking industries almost a decade ago. In the latest edition published on Tuesday (May 2), The ...

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  • May 01, 2023

    MOSCOW (Sputnik) - Indian billionaire banker and CEO of major private bank Kotak Mahindra Bank, Uday Kotak, panned the US dollar as "the biggest financial terrorist in the world," but soon toned down his remarks. "I genuinely feel that the biggest financial terrorist in the world is the US dollar. A...

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  • Apr 19, 2023

    The Environmental Protection Agency’s (EPA) “strongest-ever” vehicle emissions standards designed to drive mass adoption of electric cars within a decade will increase the United States’ dependence on China, experts warn. “It benefits the Chinese Communist Party because they control the critical min...

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  • Mar 31, 2023

    BO'AO, China — China's small banks have problems — but they don't carry the same risks as those exposed by the collapse of Silicon Valley Bank, said Zhu Min, vice president of the China Center for International Economic Exchanges, a state-backed think tank. Issues at a handful of smaller Chinese ban...

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  • Mar 21, 2023

     Federal Reserve is expected to increase current interest rates by one-quarter of a percentage point. The Fed's forthcoming decision is raising questions as the banking crisis appears to be far from over, despite stabilization measures being taken by the US and Swiss governments. The US federal take...

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  • Mar 14, 2023

    The Morlocks periodically rise above ground in hunting parties to kidnap and eat unsuspecting Eloi in this symbiotically vicious circle of life. In the Time Machine, society one million years in the future has evolved into two separate species called Morlocks and Eloi. The Morlocks represent the ugl...

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  • Dec 28, 2022

    The UK is in the midst of a year-long recession that could prove to be worse than that experienced in the early 90s. High inflation and a tight labour market will force the Bank of England to raise interest rates from 3 percent currently to around 4.5 percent early next year. Households’ disposable...

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  • Dec 28, 2022

    On the evening of 26 December, China released new guidelines to significantly relax its Covid control policy for domestic infections and inbound travelers, effective 8 January 2023. As reported previously, key measures include i) removing quarantine requirements for Covid cases, ii) abandoning the r...

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  • Dec 26, 2022

    We’ve all been there. You work in finance, so inevitably someone will approach you at a holiday gathering and ask you about the economy. But we’ve got your back. In this report, we list 10 questions you might get asked. For each question, we suggest both a short response – in case dessert is served ...

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  • Dec 22, 2022

    We guess the "robust demand" story at Tesla is finally over... The EV company, which has seen its stock shellacked over the last month and its CEO pre-occupied with his latest tryst in Twitter, is reportedly implementing a hiring freeze and a new round of layoffs, according to a report by electrek. ...

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