Francois Hollande, the former French president, said during a prank call in February that Europe and France are direct participants in the Ukraine War but aim not to make it official because they hope to avoid a clash with Russia.
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SUPPORT IN U.S. FOR UKRAINE WAR DIPS AS MORE AMERICANS GO BROKE
Americans are losing interest in supporting Ukraine’s effort to fight off Russia as the war continues to drag on with no signs that Moscow can be stopped.
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RUSSIA SAYS DOCUMENT DUMP CONFIRMED WHAT IT ALREADY KNEW
Russia indicated that the secret document dump from the Pentagon that ended up on social media sites and showed just how involved the U.S. is in conducting war against Moscow was unsurprising.
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UPDATE: THE BIG BANKSTER BUST
In this section we provide trends analysis and trend forecast of the continuing Bankster Bust which Jami Dimon, the CEO of JPMorgan Chase warned today that “The current crisis is not yet over, and even when it is behind us, there will be repercussions from it for years to come.”
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SPOTLIGHT: CHINA POWER
In this section we provide an overview, trends analysis and trend forecast of key sectors of China’s economy:
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M&As TANK IN FIRST QUARTER
Higher interest rates, an uncertain global economy, and the banking crisis conspired to whack the number of mergers and acquisitions by 45 percent in this year’s first quarter, compared to the same period in 2022, giving the M&A market its weakest start to a year since 2013, the Financial Times reported.
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27 PERCENT OF POOR NATIONS ARE UNABLE TO SELL BONDS
About 27 percent of low-income countries have been shut out of the bond market as the banking industry’s chaos has left investors shunning risk, especially in the form of high-yield debt, the Financial Times reported.
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EUROZONE’S CORE INFLATION RATE SETS RECORD
In March, the Eurozone’s consumer price index fell to 6.9 percent from February’s pace of 8.5 percent. It was the lowest reading in more than a year and beat The Wall Street Journal’s estimate of 7.1 percent.
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OPEC+ SLASHES DAILY OIL OUTPUT LIMIT BY 1.16 MILLION BARRELS
The world oil market was stunned on 2 April by OPEC+’s announcement that it will cut its daily output allowance by about 1.16 million barrels, bringing the total of recently announced cuts to roughly 3.66 million barrels or about 3.7 percent of global production, Reuters calculated.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
This is week 34 of our reporting the long trend-line of layoffs that signal recession in a country near you.