China launched world’s fastest internet
China has launched the world’s fastest internet with a data transfer rate of 1.2 terabits (1,200 gigabits) per second, the SCMP reported. This speed is a new record, equal to…
Hedge funds short US financial stocks at near record levels
Global hedge funds built bearish positions this week to the highest level in nearly five years, Reuters reported. “Financials was the most net sold sector on the US prime book…
US states’ falling revenues could force tax increases, expert warns
US states’ tax revenues are declining, leaving them facing tough budget decisions in the coming years. Total state tax revenues in September fell 5.6% year-on-year for the 14th consecutive month…
Disastrous: US almost couldn’t borrow money
Yesterday, the US government attempted to borrow $24 billion by selling some fresh 30-year debt. It was a huge disaster. In order to attract enough buyers, the rate had to…
US is running out of time to avoid ‘shutdown’ again
A newcomer to major negotiations in Washington, Speaker Mike Johnson had planned to unveil his proposal for temporary government funding as early as Thursday, but a bitter fight among Republicans…
India saved almost $3 bln by importing oil from Russia
India saved nearly $2.7 billion in the first nine months of 2023 by importing discounted Russian crude oil under Western sanctions, Reuters calculated, using data from India’s commerce ministry. Access…