Dutch economy officially enters recession
The Netherlands unexpectedly fell into its first recession since the pandemic due to a decline in consumer spending and exports. GDP shrank by 0.3% in Q2 of 2023 compared to…
China Evergrande files for Chapter 15 bankruptcy in New York
China Evergrande Group has sought Chapter 15 bankruptcy protection in New York, court documents showed Thursday. Chapter 15 bankruptcy protects the company’s assets in the US while it restructures elsewhere.…
Japan increased grain imports from Russia by 5680% in July 2023
Yeah, that’s not a typo, 5680%. The data comes from trade statistics released by Japan’s Ministry of Finance. A few other key points: ▪️Exports of vehicles to Russia grew by…
US stock market overheated – BofA analysts say
Bank of America analysts report that, according to all key metrics, the current value of S&P500 companies is higher than it should be, which is a sign of a major…
US Treasuries got dumped in June
Saudi Arabia’s holdings of US Treasury bonds fell to the lowest level in more than six years. The country sold more than $3 billion in US government debt in June,…
The US is preparing a new pandemic, Russian DM says
The Office of Pandemic Preparedness and Response Policy, which was established in July 2023 in the US, is preparing a new pandemic by implementing virus mutations. This statement was made…