Taiwan lost tons of weapons?
Taiwan’s armed forces have lost about $2.8 billion worth of military property, Taipei Shibao reported, citing a defense establishment audit. In the course of reconciling the reports of the General…
US state banks required to have Fed approval before conducting stablecoin transactions
State banks that are members of the US Federal Reserve System must obtain a written supervisory nonobjection from the Fed before issuing, holding or transacting in stablecoins. For banks to…
US credit card debt surpasses $1 trillion for first time ever
US consumers’ credit card debt has surpassed $1 trillion for the first time in history as high inflation continues to drive up costs, the New York Federal Reserve said in…
Moody’s is on fire: downgrades several banks at once
As part of a comprehensive evaluation of growing industry challenges, Moody’s Investors Service has downgraded credit ratings for 10 small and midsize US banks. Additionally, there is a possibility of…
France tops EU power exporter as Germany shifts to importing
France has overtaken Sweden to become EU’s top net power exporter. According to a report by EnAppSys Ltd., France recorded a total net export of 17.6 terawatt-hours, with the majority…
China’s top real estate developer facing default risk
China’s biggest developer by sales Country Garden has delayed two international bond payments, Financial Times reported. Real estate sector in China is still very weak. Country Garden is unable to…