After researchers revealed a Chinese hacking gang had been snooping on such networks, the U.S. State Department issued a warning on Thursday that China was capable of launching cyber assaults against essential infrastructure, including oil and gas pipelines and rail… Read More ›
Geopolitics
Is The US Dollar Dominance Ending? Factors Influencing Dollarization
The dollar’s position as the main currency in the world has come under new scrutiny due to rivalry with China, the effects of Russia’s war in Ukraine, and ongoing disputes in Washington over the country’s debt ceiling. The idea that… Read More ›
China Denies Allegations That It Is Spying On Vital Infrastructure In The West
The United States and its partners jointly issued a warning, but the Chinese government has denied charges that its spies are infiltrating Western infrastructure and has labelled the threat a “collective disinformation campaign.” Washington was responsible for hacking, according to… Read More ›
Risk Warnings Issued As Chinese Capital Floods Funds With A Focus On Japan
As the Nikkei approaches 33-year highs, Chinese capital is flooding into Japan-focused stock funds, prompting frequent market risk warnings from fund managers. Due to the ferocious demand, the prices of two Shanghai-listed exchange-traded funds (ETFs) that track the Nikkei 225… Read More ›
A Fed Survey Shows Financial Security Of US Households Reduced By High Inflation
According to a Federal Reserve report released on Monday, the inflation wave that peaked at a 40-year high last year and is still high has reduced households’ sense of financial security in the United States. Many people said they had… Read More ›
China Bans Some Sales After Micron Products Fail Security Inspection
The Chinese internet government declared on Sunday that Micron Technology Inc.’s goods had failed an examination of their network security and that users of critical infrastructure would no longer be allowed to purchase their products. According to China’s expansive definition… Read More ›
Tesla Discusses Auto Incentives And Battery Production With India
According to a person with direct knowledge of the negotiations, Tesla Inc. has spoken with officials regarding incentives granted by India for the manufacture of cars and batteries as the automaker reconsiders its entry into the Indian market. According to… Read More ›
G7 Pledges To Diversify Supply Chains And Solve Regulatory Weaknesses In Banking – Draft
According to a final draft of its communiqué, finance leaders of the Group of Seven (G7) leading nations set a year-end goal for establishing a new programme to diversify global supply chains and committed to fix regulatory holes in the… Read More ›
If US Does Not Hike Its Debt Ceiling It Would Be ‘Absolutely Devastating’, Warns UK’s Hunt
If the United States fails to strike an agreement to extend its debt ceiling and its GDP is “knocked off track,” it would be “absolutely devastating”, British Finance Minister Jeremy Hunt warned on Saturday . Hunt told reporters that the… Read More ›
Big Banks In The US Will Pay Billions Of Dollars To Refill The Failure Fund.
The Federal Deposit Insurance Corporation (FDIC) announced that major U.S. banks will carry the majority of the expense of replacing a deposit insurance fund depleted of $16 billion by the failure of Silicon Valley Bank and two other lenders, though… Read More ›