China is walking a tightrope between economic growth and inflation as industries cope with climate change promises and commodity costs climb. April readings of factory gate prices may have served as a warning of higher costs to come. The producer price index (PPI) jumped 6.8 percent from a year earlier …
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How China Seized The Initiative On Blockchain And Digital Currency – Analysis
Global information networks are undergoing unprecedented innovation, driven in large part by the emergence of disruptive technologies such as artificial intelligence, the internet of things, and 5G. Unfortunately for the United States, two other critical, but underappreciated, components of tomorrow’s internet—blockchain and digital currency—are at risk of being controlled largely …
Read More »Turkey’s Currency Hits Record Low As World Inflation Looms
Turkey’s lira tumbled to a record low of 8.6 versus the dollar on Friday as it took a hit from global inflation concerns, expectations that the central bank will soon cut interest rates and worries over possible early elections. The lira — by far the weakest performer in emerging markets …
Read More »The Federal Reserve’s Ballooning (And Risky) Balance Sheet – Analysis
The Fed has embarked on a massive expansionary quest in recent years. In 2020, total Reserve Bank assets rose from $4.2 trillion to $7.4 trillion amidst the pandemic and related government lockdown and fiscal “stimulus” policies. That was roughly three times the extraordinary growth in the consolidated balance sheet for …
Read More »Pompeo Rekindles Debate About US Response to Iran’s Hosting of Al-Qaida
Former U.S. Secretary of State Mike Pompeo has made more detailed allegations about Iran’s secretive relationship with al-Qaida, rekindling a debate about how the United States should respond to the decades-old cooperation between its Mideast rival and the anti-American terrorist network. In an interview that aired Friday on VOA Persian’s …
Read More »Germany: New Strategy to Combat ‘Political Islamism’
The policy paper, “Preserving Free Society, Promoting Social Cohesion, Fighting Political Islamism,” which whole-heartedly commends law-abiding Muslims who respect Germany’s democratic order, argues that the debate about Islamism in Germany is often reduced to violence and terror, but that it is necessary to focus more on ideology. The proposals include …
Read More »Top Iraqi militia commander arrested amid stand-off with government
Iraqi security forces arrested a senior paramilitary leader on Wednesday in a move that will raise tension with powerful Iran-backed militias accused of attacks on international troops and killing hundreds of protesters and activists. The arrest puts Prime Minister Mustafa Al Kadhimi’s loyalist security forces in the army and counter-terrorism …
Read More »Ashkenazi reprimands French ambassador over FM’s Israel apartheid comment
Ashkenazi told Danon that Le Drian’s comments are “unacceptable, baseless, far from reality and Israel wholly rejects them.” Foreign Minister Gabi Ashkenazi summoned French Ambassador to Israel Eric Danon on Thursday to deliver an official reprimand following French Foreign Minister Yves Le Drian’s comment that Israel was on its way …
Read More »Egypt invites Israel and Hamas for direct talks in Cairo, Israel accepts
Egypt invited Israel and Gaza to Cairo to discuss the return of captives and the rebuilding of the Gaza Strip. Egypt’s President Abdel Fattah al-Sisi told US Secretary of State Antony Blinken on Wednesday that the latest developments between Israelis and Palestinians reaffirmed the need for direct talks between the …
Read More »Egypt, Sudan begin joint military exercise
The armed forces of Egypt and Sudan launched a joint military exercise in southern Sudan on Wednesday, according to a military source. Armed forces of the two countries are taking part in the Guardians of the Nile exercise in southern Kardavan province, a Sudanese military official told Anadolu Agency on …
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