Four boats that had been stabilizing the floating pier that was constructed by the U.S. to increase the flow of humanitarian aid into the enclave broke off on Saturday due to choppy seas, becoming the latest setback for the project.
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TOP UN COURT DEMANDS THAT ISRAEL STOPS ITS RAFAH OFFENSIVE
Citing the worsening conditions on the ground in Rafah, the UN’s International Court of Justice issued an emergency order last week to demand that Israel stops its military offensive in Rafah, which “may inflict on the Palestinian group in Gaza conditions of life that could bring about its physical destruction in whole or in part.”
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BLACKROCK BECOMING WORLD’S LARGEST CRYPTO ETF OPERATOR
A Bitcoin fund operated by private equity firm BlackRock is about to become the world’s largest, the Financial Times reported.
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IEA PARES 2024 OIL DEMAND FORECAST, WIDENS GAP WITH OPEC OUTLOOK
The world’s demand for oil will grow by 1.1 million barrels a day this year, the International Energy Agency (IEA) said in its new monthly report, shaving 140,000 barrels from its previous forecast.
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PRIVATE FUNDS MOVE INTO REAL ESTATE LENDING AS BANKS STEP BACK
Some of the world’s largest investment funds are jumping into the real estate lending business as banks tighten loan criteria and hoard cash against an expected rise in failing commercial real estate loans.
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CANADA’S STANDARD OF LIVING HAS CRASHED, STUDY SAYS
As a gross number, the rate of Canada’s economic growth was the second-best among G7 nations from 2000 through 2023.
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JAPAN’S ECONOMY FALLS INTO DRAGFLATION
In this year’s first quarter, Japan’s economic output shrank 0.5 percent compared to the same period in 2023.
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CANADA PLAYING THE NEW TARIFFS GAME ON CHINA AFTER U.S. ANNOUNCEMENT
Canada’s government may follow the U.S. is hitting Chinese imports with new tariffs after President Joe Biden announced sweeping tariffs of as much as 102.5 percent on Chinese goods earlier this month.
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EUROPE EXPECTS FLOOD OF CHINESE GOODS AFTER U.S. IMPOSES NEW TARIFFS
European countries are bracing for a flood of cheap Chinese goods after the U.S. smacked imports of Chinese electric vehicles (EVs), metals, semiconductors, and solar panels with new tariffs last week. “The U.S. has sent a very clear message that it wants minimal Chinese participation in its green transition,” geopolitics analyst Yanmei Xie at Gavekal Research,......
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EUROZONE COMMISSION FORECASTS 2.5 PERCENT INFLATION THIS YEAR
Inflation across the 20 countries that share the euro currency will fall to 2.5 percent, averaged throughout the year, the European Commission (EC) has projected.