[–] 3 points 1 week ago*

Tbh nothing weird going on imo It's the Pig cycle economics, but 100 years later. Though probably the first one was the infamous Tulip Mania crisis in the 1630s.

" Just like all other Chinese manufacturers, (chipmakers and AI suppliers) will eventually end up in a price war," said fund manager Wang ​Zhuo, partner at Shanghai Zhuozhu Investment Management. "There's no exception," he said. "All bubbles inevitably burst."

It just happens intenser in China due to their unified approach and Gvment pushes.I.e what the Party wishes.

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    SAO PAULO, Oct 25 (Reuters) - Brazilian President Luiz Inacio Lula da Silva won an unprecedented fourth term on Sunday, the country's electoral court said, in a shock result that defied polls, precedent and global ​anti-incumbent sentiment to put the brakes on a wave of right-wing election victories across Latin America.

    Earlier per Guardian

    With nearly 75% of votes counted, It’s now 51% Lula and 48.9% Bolsonaro

    Lula seems to be closing in on victory and the mood in his camp is increasingly excited.

    This would be an absolutely sensational comeback from one of the biggest figures in the modern history of Latin American politics.

    Edit: title was" Brazil's Lula overtakes Bolsonaro in runoff, with half of votes counted"

     

    Ukraine's Special Operations Forces (SSO) carried out Kyiv's deepest strike into Russia so far in the full-scale war, attacking a natural gas facility 3,200 kilometers (1,988 miles) from the Ukrainian border on Sept. 9, the military said.

    Ukraine's General Staff announced a successful strike on the Novy Urengoy Gas Condensate Treatment Plant (GCTP) in the Yamalo-Nenets Autonomous Okrug.

     

    Russia is losing about 6,000 more troops in Ukraine each month than it can recruit, western officials have said.

    While Russia is still acquiring new battlefield recruits at speed, with an estimated rate of 1,000 a day, in the last two months even this has not been sufficient to replace those killed or injured.

    [–] 35 points 2 months ago* (last edited 2 months ago) (3 children)

    Not looking good at all. According to yesterday's Guardian, negotiations are futile:

    "The calamitous collapse of trade negotiations between Canada and the United States is a warning to nations worldwide that pursuing any kind of dialogue with the current US administration is doomed at the outset, according to observers who say this recent episode indicates seeking a fair deal is futile."

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  • [–] [S] 1 point 2 months ago (2 children)

    The difference between the two rates does kind of illustrate why there are German objections to Eurobonds.

    How so, could you elaborate how you see euro bonds working?
    Imo, the inverse is equally true. Ergo, an avarage lower interest rate could benefit more countries and people But it's only true when there is a solid EU fiscal/monetary policy in place. If not, then your rationale holds, I'd think.

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    Government borrowing costs in several advanced economies hit their highest level since the 2008 financial crisis, or even earlier, on Monday as investors feared the Middle East crisis would keep inflation persistently high.

    Concerns over rising prices and government spending pushed up the cost of debt issued by Paris, Berlin, Washington DC, Tokyo and London as investors fretted that rising prices would push up interest rates.

    The yield, or interest rate, on 30-year French bonds rose to its highest level since September 2008 at 4.8558%, up one basis point (0.01 percentage point), LSEG data showed.

     

    WASHINGTON (AP) — President Donald Trump is going ahead with new double-digit tariffs on dozens of U.S. trading partners just as the clock runs out Friday on stopgap levies he imposed after a stinging defeat at the Supreme Court.

    The United States will slap taxes of 10% to 12.5% on imports from 60 trading partners accounting for 99% of U.S. imports, charging that they have inadequately enforced bans on goods produced by forced labor.

     

    [ India] Tens of thousands of protesters have defied police orders and descended on Delhi to demand the resignation of India’s education minister in one of the largest anti-government demonstrations in years.

    A huge crowd, largely made up of students and gen Z-ers, filled the streets in the heart of India’s capital from early Monday morning shouting anti-government slogans. Hundreds had already camped out overnight.

    Delhi police, which are under the control of the central government, had denied permission for the march to take place. A ban was imposed on all public gatherings, roads across the city were barricaded and the internet was shut down in the centre. Attempts by protesters to move towards the parliament building were met with police brutality including the use of batons and teargas.

     

    NEW DELHI, July 15 (Reuters) - India and Britain's trade pact took effect on Wednesday, cutting tariffs on thousands ‌of goods and expanding market access for services firms and professionals in both countries. The India-UK Comprehensive Economic and Trade Agreement gives Indian exporters duty-free access to most British tariff lines, benefiting sectors such as textiles, leather, footwear, marine products, gems and jewellery, and processed foods.

    • India-UK trade pact takes effect on Wednesday
    • Deal cuts tariffs, expands services and mobility access
    • Indian textiles, marine goods, leather and jewellery to gain
    • UK sees openings in autos, services and procurement
     

    Hungarian public media outlets close to Viktor Orbán have suspended broadcasting, the country’s prime minister said as he hailed efforts to dismantle the longtime nationalist leader’s control over information.

    The Kossuth radio station and M1, Hungary’s main public television channel, had halted transmission by Tuesday afternoon, with the latter showing the message:

    “Public media should not lie. We are sorry for doing it for so long.

    "Public media now will be reformed so it will be independent and trustworthy. Our news programme is currently suspended. Stay tuned!” it added against a black screen.

    Note: For details check this Hungarian link. It's quite a story.

     

    Ukraine hopes to sign major defence deals with at least seven Nato countries by the end of the year, according to a top official, highlighting a new aspect of Kyiv’s foreign policy intended to show it can be a provider as well as a recipient of military hardware and expertise.(..)

    The initiative is called the drone deal, but it actually covers way more than just drones … what’s even more important is the experience and knowledge, the access to all the components that form the system here in Ukraine,” said Davyd Aloian, the deputy secretary of Ukraine’s security council and one of those in charge of the deals.

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