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23d06/19

EU leaders ask Brussels to come up with new trade weapons to counter China shock

European Union national leaders have asked Brussels to come up with new trade instruments to deal with the economic threat posed by China, following a rare summit debate about Beijing late on Thursday night. After a two-hour discussion, the EU’s executive branch was told to engage with China to try to fix the persistent trade problems, according to a Brussels official. But it was also instructed “to develop and eventually complement the toolbox in the area of trade defence and industrial policy.

◇ unclassifiedchina · asia · europe
23d06/19

China’s ‘soy sauce’ intestinal detox scam swindles over 100 seniors out of US$1.5 million

A Chinese health centre scammed more than 100 elderly people out of a total of over 10 million yuan (US$1.5 million) by putting soy sauce in an intestinal cleaning liquid to dupe them into thinking they had toxins in their bodies. The Beijing police have arrested more than 30 people involved on suspicion of fraud. They cracked the case after the family of a woman in her 60s discovered she had spent 700,000 yuan (US$104,000) in the health centre. The victim, surnamed Li, bought numerous expensive

◇ unclassifiedchina · asia
23d06/19

Forget Critical Metals, Electricity is The Real Bottleneck for Artificial Intell

The U.S. dollar is cracking—and the market knows it. After years of monetary excess, swelling deficits, and policy uncertainty, the world’s reserve currency is losing its grip as a store of value. Capital is fleeing paper promises and piling into hard assets at a pace not seen in decades. Nowhere is this more visible than in precious metals: Gold has surged to above $4,100 per ounce, silver has ripped past $70, and palladium—once written off—has clawed its way back to $1,350. Add an unstable geo

◇ unclassifiedmiddle-east · russia · usa
23d06/18

Europe Has Entered The Nuclear Golden Age Amid AI Boom

Nuclear power is experiencing a massive revival across Europe, with the regulatory environment shifting decisively in its favor thanks to surging electricity demand from the AI and data center boom, climate goals, volatile global energy markets and the urgent need for structural energy independence. It’s a big wishlist, and nuclear may be the fastest way to realize it. Massive power demand by the tech giants and hyperscalers is exceeding traditional grid capacities in Europe and the United State

◇ unclassifiedmiddle-east · russia · usa
23d06/18

Those that moved to any European country from Canada how did you manage dealing with the difference in currency?

Those that have investments in CAD and are either retiring or moved to any European country how did you manage dealing with the currency difference between the Euro and the Canadian dollar? What type of preparation did you have? Did you need to save more than expected or less? Many have said to not look at the currency difference as costs are lower in European countries (less Switzerland and other specific countries) versus Canada even after currency conversion. Should I be converting my entire

Social◇ unclassifiedeurope · usa
23d06/18

World Cup puts Ebola outbreak and pandemic lessons to the test

Alex Doran, a 28-year-old corporate strategist, is cheering for the US national team and was pleasantly surprised by the size of its initial win against Paraguay last week, while acknowledging that his team is unlikely to go all the way. While he does not expect to attend a match in person involving tickets costing thousands of US dollars, he has been watching avidly online and hopes to see some matches at fan zones set up around Washington. “I’m a little uncomfortable with large crowds because.

◇ unclassifiedchina · asia · usa
23d06/18⚠ shipping-routes · 1/5

Europe's highest dividend payers, and the dynamic behind why they pay so much

Disclosure: I work at Obermatt, a Swiss equity research firm, sharing this because it's a useful angle for anyone building dividend income into a portfolio. Pulled the European stocks sitting at the very top of Obermatt's Dividend Yield rank, and what stood out wasn't the yields themselves, it was what these companies actually do. A carmaker, a fleet of oil-product tankers, a tobacco-distribution network covering most of Southern Europe, a water utility in the southwest of England. Mature, cash-

Social◇ unclassifiedeurope · usa
24d06/18⚠ war-conflict · 3/5

SpaceX bankers prepare for potential US$20 billion bond offering, sources say

⁠SpaceX’s bankers are preparing to meet investors as early as next week to discuss a bond offering of at least US$20 billion, two sources familiar with the matter said ‌on Thursday, as Elon Musk’s newly public company seeks funding for an ambitious and capital-intensive AI expansion. SpaceX’s AI ambitions come with a steep price tag, requiring tens of billions of dollars in investment for data centres, computing hardware and power infrastructure. The offering ⁠would mark the first time the...

◇ unclassifiedchina · asia · russia
24d06/18

OPEC’s Oil Demand Bet Is on India, Not Europe

Every year, OPEC releases a long-term outlook that says oil demand will keep growing. Every year, critics roll their eyes. This year, OPEC doubled down. In its World Oil Outlook 2026, the producer group said global oil demand will climb from 105.1 million barrels per day in 2025 to 113.3 million bpd by 2030 and top 124 million bpd by 2050. More importantly, OPEC says there is still no peak oil demand in sight. That's a bold claim in a world where EV sales dominate headlines, governments continue

◇ unclassifiedmiddle-east · russia · usa
24d06/18

Sweden Picks Rolls-Royce for First New Reactor Since the 1980s

Rolls-Royce SMR just added its third major European contract. Videberg Kraft, backed by Sweden’s utility Vattenfall, selected the UK design for three units on the west coast, making it Sweden’s first new nuclear plant in more than forty years. The multibillion-pound export win, actively supported by UK government trade efforts, lands on top of existing deals in the UK and Czechia and makes Rolls-Royce the only SMR developer with multiple binding commitments across the continent. We tracked when

◇ unclassifiedmiddle-east · russia · usa
24d06/18

The $4 trillion liquidity drain

In March Nasdaq changed how companies enter the Nasdaq 100. Before, you needed 3 to 12 months seasoning and a 10% public float. Now its 15 trading days if youre top 40 by market cap, with no float requirement and no seasoning. SpaceX listed with a 4% free float, meaning almost no supply, yet an estiamted 22 to 27 billion in forced passive buying hit immediately. The same mechanics apply to OpenAI and Anthropic. These three companies are targeting 200 billion plus in a six month window. The entir

Social◇ unclassifiedusa · europe
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