Fed losses hit $125 billion due to interest costs
Losses at the US Federal Reserve have surpassed the $125 billion mark, and are likely to be much higher before things get better. The US central bank continues to pay…
China’s GDHG shares fell nearly 90% in one day due to fraud accusations
China’s GDHG shares fell nearly 90% in one day due to fraud accusations Analysts at Hindenburg Research accused China’s Golden Heaven Group of fraud, as they allegedly overestimate the number…
Yen surged amid BOJ hinting a policy shift
The yen staged its biggest one-day rally in almost a year on Thursday after Japanese monetary authorities offered a surprisingly clear hint at a shift in policy, while the euro…
NEW WAR? Venezuela announced mobilization and West Guyana annexation
The Venezuelan authorities have announced mobilization of troops in connection with the decision to annex West Guyana, El Pais reported. A statement to this effect was made by the country’s…
Visualizing $97 trillion of global debt in 2023
Global debt is projected to reach $97.1 trillion this year, a 40% increase from 2019. During the COVID-19 pandemic, governments introduced massive financial measures to support the labor market and…
Swiss city accepts Bitcoin and Tether for municipal taxes
The Swiss city of Lugano is expanding its local Bitcoin adoption by allowing citizens and businesses to pay for municipal services and taxes with cryptocurrency. The city of Lugano announced…