The interesting issue concerning radiation detection in Ukraine is that after stating that radiation was detected, the West claims there is none. Russia claims to have bombed an ammunition depot containing depleted Uranium shells, which will contaminate the landscape. Britain supplied these shells to Ukraine – that much we know.  Russia claims that a […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 28.07 points or -0.09% to 32,391.26 Shanghai increased 1.22 points or 0.04% to 3,237.70 Hang Seng increased 63.16 points or 0.33% to 19,413.78 ASX 200 increased 56.20 points or 0.78% to 7,303.10 Kospi increased 37.07 points or 1.43% to 2,628.30 […]

  ASIA:   China’s exports have experienced a significant decline, marking the fastest drop since the beginning of the COVID-19 pandemic three years ago. The weakened global economy has intensified the pressure on Chinese policymakers to implement new stimulus measures. In June, outbound shipments from China, the world’s second-largest economy, plummeted by a higher-than-anticipated 12.4% […]

ASIA:   The International Monetary Fund (IMF) has approved a $3 billion bailout program for Pakistan, which will last for nine months. This decision follows a staff level agreement reached between Pakistan and the IMF in the previous month. The financial support is crucial for Pakistan, which is facing economic challenges. Additionally, the United Arab […]

ASIA:   Walt Disney is considering various strategic options for its Star India business, such as a joint venture or a sale, according to sources familiar with the matter. The company has engaged in discussions with at least one bank to explore opportunities for growth and cost-sharing for the India business. However, the talks are […]

ASIA:   In June, China experienced a significant decline in producer prices, reaching their lowest level in over seven years, while consumer prices approached deflation. This reinforces the need for policymakers to implement additional stimulus measures to stimulate weak demand. The producer price index (PPI) has been decreasing for nine consecutive months, falling by 5.4% […]

Mike Pence is chomping at the bit to invade Russia. He became the first GOP presidential candidate to travel to Ukraine to meet with Volodymyr Zelensky. Trump, DeSantis, and Kennedy have all stated that they want to end the war immediately. No one is as EAGER to involve themselves as Mike Pence, who all but […]

  ASIA:   Singapore’s central bank, the Monetary Authority of Singapore (MAS), has provided a somber assessment of the country’s economy. The MAS predicts ongoing challenges, including sluggish growth, inflation, and the possibility of a technical recession. Although the MAS has lowered its inflation forecast for 2023, it acknowledges that the battle against rising consumer […]

ASIA:   Goldman Sachs has stated that Western countries may need over $25 billion in investments to match China’s supply of rare earths. The concern arises from Beijing’s export restrictions on minor metals, leading to fears that rare earths could be the next target. Currently, China accounts for 90% of global refined output of rare […]

ASIA:   A working group of the Reserve Bank of India has stated that the increased use of the Indian rupee in international trade and capital account transactions will lead to the currency gaining international acceptance. The group suggests promoting the rupee for import and export without any limits, allowing non-residents to open rupee accounts […]