Escalating Tensions: Russian Attacks in Ukraine Following Xi Jinping’s Visit
Putin’s Message to China and the Global Implications of Ongoing Conflict Russia initiated a series of lethal assaults throughout Ukraine in March, resulting in numerous casualties, just hours after Chinese President Xi Jinping departed from Moscow following discussions with Russian President Vladimir Putin. These attacks, targeting major cities such as Kyiv, Zaporizhzhia, and Kharkiv, […]
Sweden’s Housing Market Downturn Continues Amid Rising Interest Rates
Downturn driven by high household debt and variable mortgage rates The Swedish housing market has faced a substantial setback primarily driven by the surge in interest rates. Home prices have witnessed a sharp decline of approximately 15 percent from their peak last March through the end of the previous year. This decline is a consequence […]
US Government Takes Two-Pronged Approach to Digital Assets: Regulate Crypto, Develop CBDC
Report blasts crypto, but US government also developing CBDC The recent President’s Economic Report criticizes cryptocurrency for lacking fundamental value and causing negative impacts on consumers, the financial system, and the physical environment. This report follows the Federal Reserve’s announcement that digital money transport could be an alternative to Swift in the future, in the […]
US Missile Ship Sails Through South China Sea Amid Tensions with China
China claims US warship illegally entered its waters, but the US Navy disputes the claim The Chinese military says that a US warship, the USS Milius, entered its waters illegally near the Paracel Islands. The US Navy says this is not true, and that the destroyer was just doing its normal job and was […]
UK Parliament Group Calls for More Support for Taiwan in Defense Against China
UK-China relations deteriorate as Taiwan takes center stage The visit by the British-Taiwanese All-Party Parliamentary Group to Taiwan included a meeting with President Tsai Ing-wen, and discussions of British defense exports which supply Taiwan’s submarine program. A British parliamentary delegation visiting Taiwan has urged the UK government to provide Taiwan with “as much help as […]
The FedNow Service and Bitcoin: A Glimpse into the Future
The US Federal Reserve is launching a new instant payment service called FedNow. This is a big deal for the future of Bitcoin and other digital currencies. FedNow will allow people to send and receive money instantly, 24/7/365. This could make Bitcoin and other digital currencies obsolete for many everyday transactions. However, FedNow is also […]