In May, sales of battery-powered cars in Germany jumped 45 percent year on year, but new Tesla registrations were a third lower, according to data from the country’s Federal Motor Transport Authority.
ECONOMIC UPDATE—MARKET OVERVIEW
So here is the economic deal. The world equity markets are basically on hold. Why? Because The Street is waiting to know the details of the trade deal now being negotiated in London between the United States and China.
THE FINAL 7 STAGES… AND THE WORST IS YET TO COME.
Let’s start with this… The Systemic ROT is Worsening. OCEANS of easy money, QE, ZIRP, NIRP, vast credit/debt expansion has already poisoned the global economy for years. This is not an opinion, it’s a fact.
FED’S BEIGE BOOK TAKES ON A DARKER SHADE
The U.S. Federal Reserve’s latest Beige Book, a collection of anecdotes and snapshots of business conditions around the country, shows......
NOTHING YOU SAY TO AI IS PRIVATE
Assume that generative and agentic AI, whether standalone platforms, or integrated into productivity apps and web searches, provide zero privacy......
TRUMP’S GENOCIDE: U.S. VETOES UN SECURITY COUNCIL RESOLUTION DEMANDING GAZA CEASEFIRE
The U.S. vetoed a draft resolution in the UN Security Council last week that demanded a permanent ceasefire in Gaza that called the conditions inside the enclave “catastrophic,” requiring all humanitarian restrictions to be lifted.
HEIL MERZ: GERMANY WILL KEEP PUMPING ISRAEL WITH WEAPONS
Germany announced last week that it will continue to provide Israel with weapons, despite earlier criticism from its new conservative Chancellor Friedrich Merz, who said last month that Tel Aviv’s actions in Gaza “can no longer be justified as a fight against Hamas terrorism.”
Global Economy
SPOTLIGHT: BIGS GETTING BIGGER
Plans for several new mergers and acquisitions have been paused since Donald Trump’s 2 April “Liberation Day” tariff announcement, the Financial Times reported.
SPECIAL REPORT: TRUMP’S TARIFFS, THE UPS AND DOWNS, FOR BETTER AND FOR WORSE
The Organization for Economic Cooperation and Development (OECD) has cut its forecast for U.S. economic growth by 25 percent this year, dropping it from 2.2 percent to 1.6 percent, warning that the biggest loser in Donald Trump’s trade war will be the U.S. itself.
TOP TREND 2023, OFFICE BUILDING BUST: OFFICE REAL ESTATE MARKET REACHES TIPPING POINT
This year, the square footage of U.S. office building demolitions and conversions to other uses will exceed that of new office construction for the first time this century and probably longer, data service CBRE reported.
The Israel War
BIDEN PIER 2.0: MILITARIZED HUMANITARIAN AID DISTRIBUTION CENTERS IN GAZA BECOME MURDER MILLS
Over 100 Palestinians have been killed at Israeli- and U.S.-backed Gaza Humanitarian Foundation (GHF) sites in southern Gaza since 27 May, and hundreds have been injured, after warnings from the UN and NGOs that the project was doomed to fail from the start.
GAZA DEATH TOLL
The death toll in Gaza reached 54,927 on Tuesday and 126,615 have been wounded. There are another 11,000 missing.
IRAN’S SUPREME LEADER CALLS ON ISLAMIC COUNTRIES TO DEFEND PALESTINIANS FROM ISRAEL’S ‘SAVAGERY’
Ayatollah Seyyed Ali Khamenei, Iran’s supreme leader, called on Islamic countries in the Middle East to come together to defend the Palestinians in Gaza and restrain Israel’s Zionist regime from continuing “these barbaric actions” inside the enclave.
Trends in AI
CHINA PLANS NETWORK OF AI SUPERCOMPUTERS IN SPACE
Last month, China launched the first 12 satellites into Earth orbit that will become part of a cluster of 2,800, ultimately forming something called the Three-Body Computing Constellation.
AI SAVED TYPICAL U.K. GOVERNMENT WORKER TWO WEEKS A YEAR, STUDY SAYS
Government workers who use AI for routine administrative tasks boosted their productivity enough to gain more than two weeks’ worth of time in the course of a year, according to a government test designed to see if AI could boost productivity.
AI TAKES JOBS FROM THE PEOPLE WHO MADE AI POSSIBLE
Not every business has figured out how to make a profitable return on its AI investment, but some of those making out best are using AI to supplement—or, in some cases replace—high-salaried software engineers. Startups that offer AIs able to look over and improve humans’ coding, or write entire blocks of code on their own, are netting top dollar in......
Hi-Tech Science
DIABETES DRUG SHOWN TO CONFER “EXCEPTIONAL LONGEVITY”
Metformin has been a go-to treatment for type 2 diabetes since the late 1950s for patients unable to control blood sugar through diet and exercise alone.
AMAZON DEBUTS WAREHOUSE ROBOT WITH A SENSE OF TOUCH
Amazon's new robot, named “Vulcan,” has a sense of touch that lets it pick up and carry about three-quarters of the one million items in an Amazon warehouse without crushing or otherwise damaging the merchandise, the company says.
A NEW AND BETTER WAY TO CURE BACTERIAL INFECTIONS
When dangerous bacteria invade our bodies and make us sick, we use antibiotics to get rid of them.
