As Gerald Celente has noted, the 20th Century was the American century, but the 21st Century will be the Chinese century because the business of America is war and the business of China is business.
Tag: Global Economy
Post
SPOTLIGHT: DOT- COM BUST 2.0
More investors are selling their long-dated AI-related bonds “amid fatigue over Big Tech group’s huge borrowing spree and concerns over whether the multi-trillion dollars of infrastructure spending it is funding will ever pay off,” the Financial Times reported.
Post
SPOTLIGHT: BIGS GETTING BIGGER
During this year’s first six months, a record 47 mergers and acquisitions worth at least $10 billion each and $2.8 trillion in value have been agreed, the London Stock Exchange Group reported.
Post
AI DEMAND DRIVES CHINA’S EXPORT GAINS IN JUNE
The AI-building boom increased China’s exports more than expected last month, the country’s official purchasing managers index (PMI) showed.
Post
CHINA IS THE IRAN WAR’S BIG WINNER, STUDY SAYS
China’s combination of large fuel stockpiles and widespread renewable energy installations allowed it to weather the energy price shock of the Iran War better than other Asian nations, a new study found.
Post
AI FORCES CONSULTING FIRMS TO SCRAP TRADITIONAL BUSINESS MODEL
For decades, consulting firms have charged by the hour – often hundreds of dollars – for their expertise.
Post
OCEAN FREIGHT RATES JUMP AS NEW U.S. TARIFFS LOOM
Exporters are rushing their products to U.S. customers ahead of a variety of new U.S. tariffs expected to take effect this month.
Post
JAPAN “READY TO ACT” AS YEN PLUNGES TO 40-YEAR LOW
The Japanese yen fell below ¥162 to the dollar on 29 June, its weakest since December 1986, as the Iran War’s fuel price shock sharpened the country’s struggle to wrangle inflation.
Post
EUROZONE INFLATION SETTLES BACK BELOW 3 PERCENT
The Eurozone’s headline inflation rate in June was 2.8 percent, down from 3.2 percent in May and moving back closer to the European Central Bank’s (ECB’s) 2-percent target rate.
Post
EUROPE FACES WINTER WITH GAS STOCKS LOWEST IN 15 YEARS
Europe is scrambling to rebuild its natural gas reserves from their lowest levels since 2011 as winter approaches and crucial gas supplies are still constrained because of the Iran War.