ASIA: The Biden administration plans to expand restrictions on US shipments to China of semiconductors used in artificial intelligence and chip-making tools next month, Reuters reported. The Commerce Department intends to publish new regulations based on restrictions announced earlier this year in letters to three US companies – KLA Corp, Lam Research Corp and Applied […]

Well, the Goldbugs are out in force claiming that Putin is creating a Moscow World Standard for gold. These people will never learn that their dream of some fixed gold standard has always collapsed throughout history. They have never played in the big leagues and consequently, they do not even understand the rules of the […]

The Ukrainian army is at least one-third larger than it was last year and some claim it has doubled in size. They have been concentrating their effort, not on the Donbas, but on Ukraine’s Kharkov region. The Russian Defense Ministry has confirmed that Russia has withdrawn its troops from multiple locations across Ukraine’s Kharkov region […]

Yet another head of the financial system is coming out and warning that a recession is inevitable. Deutsche Bank CEO Christian Sewing echoed the words of BoE’s Governor Andrew Bailey and blamed the coming recession on the war in Ukraine. “We will no longer be able to avert a recession in Germany. Yet we believe […]

ASIA: Japan’s economy grew more than initially reported in the second quarter, as the lifting of local COVID-19 restrictions boosted consumer and business spending. Gross domestic product (GDP) in the world’s third-largest economy expanded an annualized 3.5% in the second quarter, stronger than the preliminary estimate of annualized 2.2% growth, government data showed Thursday. The […]

ASIA: US Trade Representative Katherine Tai suggested on Wednesday that punitive tariffs on Chinese imports will not drop until Beijing adopts more market-oriented trade and economic principles. Speaking at a discussion organized by the Carnegie Endowment for International Peace, Tai elaborated on US President Joe Biden’s economic strategy with regard to China, characterizing it as […]

ASIA: India’s dominant services industry grew faster than expected in August thanks to a solid expansion in demand and a continued easing in cost pressures, encouraging firms to hire at the quickest pace in more than 14 years, a private survey showed. Driven by strong growth in services and manufacturing activity, Asia’s third-largest economy expanded […]

The entire West will face higher energy prices due to climate initiatives and Russian sanctions. The British energy regulator Ofgem released a troubling report citing that the average household will pay $4,200 on energy over the next year, compared to the current $2,330 annual average. The UK raised its energy price cap in April by […]

The Congressional Budget Office (CBO) conducted a study that proves claims that the middle class will not face tax increases under the Inflation Reduction Act are unfounded. This comes after the CBO said that the act would have little if no impact on inflation. Treasury Secretary Janet Yellen urged the IRS not to target the […]

The video above has gone viral, depicting Taiwanese soldiers throwing rocks at drones believed to be sent by China. Reports are circulating that Taiwan also allowed store-bought civilian drones to enter its airspace, which leaves many to wonder how they can compete against China’s military surveillance. Backed by the US, Taiwan is beginning to push […]