Category: Editors’ Picks

New York Fed And 12 Banking Giants Launch Programmable Digital Dollar Test
14. 11. 2022 No Responses

New York Fed And 12 Banking Giants Launch Programmable Digital Dollar Test

Never let a crisis go to waste. With equity and bond markets stuck in brutal bear markets and providing a sufficient distraction to what is happening behind the scenes, the Fed and a group of banks have been quietly preparing...
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China Issues Sweeping Property Rescue Package To Kickstart Economy
13. 11. 2022 No Responses

China Issues Sweeping Property Rescue Package To Kickstart Economy

Bloomberg reported late on Saturday that Beijing has issued “sweeping relaxation measures on property and Covid controls”, in what the media outlet called the strongest signal yet that President Xi Jinping is now turning his attention on rescuing...
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WSJ: Caroline Ellison said on the call that FTX used customer money to help Alameda meet its liabilities
12. 11. 2022 No Responses

WSJ: Caroline Ellison said on the call that FTX used customer money to help Alameda meet its liabilities

Citing ‘people familiar with the video’, the WSJ reports that Alameda employees held a video conference late Wednesday Hong Kong time, in which 27-year-old Alameda CEO Caroline Ellison (also known as @carolinecapital) said that she, Bankman-Fri...
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UK freezes $20.5bn worth of Russian assets
11. 11. 2022 No Responses

UK freezes $20.5bn worth of Russian assets

The United Kingdom says it has frozen assets worth 18 billion pounds ($20.5bn) purportedly owned by Russian oligarchs, and other individuals and entities subjected to sanctions by London over the Russian offensive against Ukraine. “We have imposed the ...
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Iran develops hypersonic ballistic missile capable of penetrating advanced air defense shields
10. 11. 2022 No Responses

Iran develops hypersonic ballistic missile capable of penetrating advanced air defense shields

A high-ranking commander of IRGC says the country has developed a homegrown hypersonic ballistic missile which is capable of penetrating sophisticated aerial defense shields and striking designated targets. “The missile has a high velocity and can maneuver b...
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Sam Bankman-Fried described the crypto sold on FTX as a Ponzi scheme
10. 11. 2022 No Responses

Sam Bankman-Fried described the crypto sold on FTX as a Ponzi scheme

Inside DeFi ecosystem the source of double-digit yields has long been questioned. Here is transcription of podcast with FTX Chief Executive Officer and crypto billionaire Sam Bankman-Fried and Bloomberg Opinion columnist Matt Levine, to talk about how people ...
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Meta to Cut 11,000 Jobs
9. 11. 2022 No Responses

Meta to Cut 11,000 Jobs

Meta Platforms Inc. (ex-Facebook) Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs, calling himself responsible for the first major round of layoffs in the social media monster’s history. The reductions, equal to about ...
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Algeria applies to join BRICS
8. 11. 2022 No Responses

Algeria applies to join BRICS

Algeria has reportedly filed an official application to join the BRICS group of major emerging economies. News website Al-Shouruk said the announcement came from Leila Zerrouki, the Foreign Ministry’s special envoy for international partnerships, speaking on...
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Facebook parent Meta planning massive layoffs this week
7. 11. 2022 No Responses

Facebook parent Meta planning massive layoffs this week

Mark Zuckerberg has said he expects the metaverse investments to take about a decade to bear fruit. In the meantime, he has had to freeze hiring, shutter projects and reorganize teams to trim costs. Meta Platforms Inc is planning to...
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Some European industries are shutting down as a result of the ongoing energy crisis
6. 11. 2022 No Responses

Some European industries are shutting down as a result of the ongoing energy crisis

European industries including ferroalloys, fertilizer plants and specialty chemicals are shutting down as a result of the ongoing energy crisis. Certain industries may not come back, even if the energy crisis eases. An increasingly tight regulatory environment...
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Beijing Urges Countries Around South China Sea To ‘Jointly Resist’ The US
5. 11. 2022 No Responses

Beijing Urges Countries Around South China Sea To ‘Jointly Resist’ The US

Chinese Foreign Minister Wang Yi has called on other claimants to the South China Sea to “jointly resist” US pressure in the region, The South China Morning Post reported on Thursday. Nevertheless, there is cardinal problem: China, Taiwan, the Philippin...
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US Debt-Servicing Projection Costs Skyrocket: $1.4 Trillion In Interest Payments On Deck
4. 11. 2022 No Responses

US Debt-Servicing Projection Costs Skyrocket: $1.4 Trillion In Interest Payments On Deck

If the current 4.5% average yield curve rate propagates to all $31 trillion worth of debt, we are looking at $1.4 trillion per year just in interest payments. This would be 29% of the 2022 FY total Federal tax receipt....
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Why Does FBI Want Seth Rich Records Sealed For 66 Years?
1. 11. 2022 No Responses

Why Does FBI Want Seth Rich Records Sealed For 66 Years?

The FBI has asked a federal court to seal the evidence the Bureau has from murdered DNC staffer Seth Rich’s laptop for 66 years, despite previously claiming that the information doesn’t exist. As media widely reported, the FBI has failed...
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Lula won the Brazilian election
31. 10. 2022 No Responses

Lula won the Brazilian election

Former president Luiz Inacio Lula da Silva clinched victory over his right-wing rival Jair Bolsonaro in a tightly contested second round of the Brazilian election on Sunday. The country’s election authority announced Lula’s narrow win with 50.9% of the v...
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Guantanamo’s Oldest Detainee Freed After 20 Years With No Charges
29. 10. 2022 No Responses

Guantanamo’s Oldest Detainee Freed After 20 Years With No Charges

The United States on Saturday released the oldest prisoner who was held for two decades at Guantanamo Bay, Cuba – after his arrest in Thailand in 2003 soon after the so-called “Global War on Terror” was launched. 75-year old Saifullah...
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