Europe Approves World’s First Cryptocurrency Regulations
On May 16, EU ministers approved the Markets in Crypto-Assets (MiCA) legislation, making it the world’s first cryptocurrency regulations. The European Union has approved a set of rules—the first such regulation in the world—to regulate crypto assets like cryptocurrencies and tokens in a bid to curb money laundering activities and protect investors. The markets in […]
Britain Bans Russian Diamonds
The office of Prime Minister Rishi Sunak outlined the measures in a statement that Britain is banning Russian diamonds. The United Kingdom has announced a ban on importing of Russian diamonds and several types of metal, as well as additional sanctions on 86 people and companies allegedly linked to Moscow’s “military industrial complex.” The office of […]
China’s Loans Pushing World’s Poorest Countries To Brink Of Collapse
An Associated Press analysis of a dozen countries most indebted to China found that China’s loans are pushing the world’s poorest countries to the brink of collapse. A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the […]
World Elites Meet In Secret To Decide Future Of AI
Artificial intelligence will be at the top of the agenda at the annual Bilderberg Meeting, where world elites meet in secret to decide the future of AI. OpenAI CEO Sam Altman will join forces with key leadership from companies like Microsoft and Google this week as a secretive meeting of the business and political elite kick-starts in Lisbon, Portugal. […]
Is The U.S. Preparing To Punish OPEC?
The U.S. House of Representatives Committee on the Judiciary is reportedly preparing a bill to pressure the OPEC oil producers’ group to punish OPEC for the recent positive developments out of the Middle East. In early May, the U.S. House of Representatives Committee on the Judiciary was reportedly considering a bill to pressure the OPEC oil producers’ group to […]
The Putrid Underbelly Of Woke Capitalism
During the annual shareholder meeting of Berkshire Hathaway, Peter Flaherty, the chairman of the National Legal and Policy Center, exposed the putrid underbelly of woke capitalism. Corporate intrigue reached a fevered pitch on May 6, 2023, in Omaha, Nebraska, when a shareholder was arrested during the annual shareholder meeting of Berkshire Hathaway. The shareholder challenged the affiliation […]
Google, Meta, Amazon Hire Low-Paid Foreign Workers After US Layoffs
According to investigative journalist Lee Fang, Google, Meta, and Amazon have been hiring low-paid foreign workers following layoffs in the United States. Some of the biggest companies in tech including Google, Meta, Amazon, Microsoft, and Salesforce have hired foreign workers just weeks after reducing headcount by thousands of employees, according to a report. Google, which laid off […]
China Begins To Erode US Dollar Dominance In Global Trade Agreements
China has also increasingly promoted the global usage of the yuan and expanded foreign investors’ access to its commodity exchanges in order to erode the dominance of the US dollar in global trade agreements. The US dollar is nowhere close to being dethroned as the dominant reserve currency and standard for global trade. But a […]
Biggest Startup Bankruptcies Of All Time
According to data provided by PitchBook, here is a list of the biggest startup bankruptcies of all time. Vice Media has filed for bankruptcy, despite having raised over $1.6 billion from venture capitalists. The big picture: Vice now joins an ignominious club of well-funded flameouts. Intarcia FTX Douglas Boneparth, a 38-year-old financial adviser from New York, stated that the […]
Is India’s Semiconductor Dream Under Threat?
India’s semiconductor dream is under threat as none of the major chipmaking companies, including Intel, TSMC, Samsung, Global Foundries, and Micron, have applied for the incentives provided. In the 1970s, India made quite a visionary bet — on chips! We’re talking about semiconductors, of course. We realized that almost everything in the world would rely on electronic […]