China’s export economy expanded by 14.8 percent last month, overcoming a sluggish world economy by increasing sales of electric vehicles (EVs) and related items, and also by expanding its trade with Russia, the Financial Times reported.
Author: admin (Kendrick Williams)
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YEN’S VALUE SAGS AS CENTRAL BANK LEAVES POLICY UNCHANGED
On 9 April, the value of Japan’s yen slipped 1 percent against the dollar, falling as low as ¥133.4 after Kazuo Ueda, the Bank of Japan’s new governor, announced that the bank will maintain a -0.50-percent interest rate and continue to hold bond rates at rock bottom.
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BIG SPENDERS, ESPECIALLY IN CHINA, FLOCK BACK TO LUXURY BOUTIQUES
Luxury conglomerate LVMH Möet Hennessy Louis Vuitton reported a 17-percent spike in first-quarter sales, year over year, as well-heeled Chinese shoppers returned to its stores and consumers in Europe and Japan stocked up on the company’s clothing, handbags, and jewelry.
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VENTURE FUNDING PLUMMETS 53 PERCENT IN THIS YEAR’S FIRST QUARTER
Venture capital firms invested $76 billion in start-up companies in the first three months of this year, compared to $162 billion during the same period in 2022, the Financial Times reported.
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MAJOR ECONOMIES MUST REIN IN BORROWING, IMF SAYS
China, the U.S., U.K., Brazil, Japan, South Africa, and Turkey are likely to increase their national debts by five percentage points of GNP from now through 2028, Vitor Gaspar, policy director of the International Monetary Fund, said last week in comments quoted by the Financial Times.
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G7 NATIONS TO HELP DEVELOPING COUNTRIES CREATE DIGITAL CURRENCIES
Helping emerging nations create their own central bank digital currencies (CBDCs) will be among the topics on the agenda of the G7 group of leading wealthy countries when it meets this year to address the world’s rapidly expanding digital economy.
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MEDIA COVERS UP TRACKING OF UNVACCINATED PEOPLE
In mid-February 2023, I reported that the U.S. government has secretly been tracking those who didn’t get the COVID jab, or are only partially jabbed, through a previously unknown surveillance program
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PENTAGON PURSUING BLEEDING EDGE AI TO WAGE WAR
Advancing technology, advancing war. The two are inextricably, symbiotically aligned in development by major powers like China and the U.S., and humankind will do doubt reap the results.
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THE DIGITAL CONTENT YOU DON’T OWN CAN CHANGE EVERY DAY
There’s a line from a 1990’s movie, Timechasers, where a character laments concerning the “tangents” created by time travelers run amok: “The past changes now, every day.”
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CAN mRNA COVID VACCINES CHANGE HUMAN GENETICS? NEW STUDY POINTS TO YES
Medical experts defending radical mRNA technologies used to induce human cells to create a foreign “spike protein” at a genetic level, have claimed since 2020 that the technology does not itself alter human genes.