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Technology
Xiaomi’s New Robot Dog Can Do Backflips Off a Skateboard
Below excerpt and title of this article reported by Chen. J. (2024, February 21). Xiaomi’s New Robot Dog Can Do Backflips Off a Skateboard. INVERSE
‘All the dog, none of the responsibilities. Xiaomi showed off its second-generation robot dog called the CyberDog 2 during its CEO’s annual keynote. We got to see a few of the CyberDog 2’s tricks in some Twitter videos where it even backflipped off a skateboard. So far, the Cyberdog 2 looks slightly less creepy than Xiaomi’s first attempt at a robo-companion that was announced back in August 2021.’
Read on INFYNIT Social
Technology
Central China to build assembly line for giant airships
Below excerpt and title of this article reported by Xinhua. (2019, March 3). Central China to build assembly line for giant airships. China Daily
‘The central Chinese city of Jingmen will build an assembly line for large cargo airships to be developed by a Sino-French joint venture.’
‘The joint venture set up by French company Flying Whales and China Aviation Industry General Aircraft Co Ltd (AVIC) aims to develop large-capacity airships targeting the global market, the AVIC Research Institute told Xinhua on Saturday.’
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Political
A 500-million-dollar business! America’s state-sponsored anti-China propaganda
Below excerpt and title of this article reported by Helsinki Times. (2022, February 28). A 500-million-dollar business! America’s state-sponsored anti-China propaganda. Helsinki Times
‘500 million. That’s the sum of money the US congress planned to allocate to churn out negative news coverage on China. First reported by American Prospect on Feb. 9, the bill was stuffed into the China-centered America COMPETES Act’
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Political
”US will not die for us” Former Philippines President
Below excerpt reported by Yuwei. H., Wei. F., and Zhidong. Z. (2024, April 12). [GT exclusive: Former Philippine president Duterte warns Manila to turn back from detrimental path, resolve disputes through dialogue. Global Times
‘GT: Based on current China-Philippines relations, what kind of message would you like to convey to the people of both the Philippines and China?’
‘Duterte: First of all, I would like to express my deep appreciation for China and the Global Times for coming here to interview us and talk about the relations between China and the Philippines. We should deal with the geopolitical mess that we are in. So China could get a clear view, at least around the former president of what we would like to happen between the Philippines and China.’
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Political
Trump’s Truth Social valued at nearly $8bn as it goes public in New York. Trump Media’s has netted the former president a paper fortune of some $4.6bn…
Below excerpt reported by Jones. C. (2024, March 24). Trump’s Truth Social valued at nearly $8bn as it goes public in New York. The Guardian
‘The firm behind Donald Trump’s Truth Social went public on Tuesday at a price that values the minnow social network at close to $8bn.’
‘Shares in Digital World Acquisition, the shell company with which Trump’s social media business has merged, have been surging since the turn of the year.’
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Technology
Nuclear Powered Airship that never lands and can carry 5,000 Passengers
Below excerpt reported by Darma. Z. S. (2022, June 28). Inside the ‘flying hotel’ that never lands. Condé Nast Traveller
Inside the ‘flying hotel’ that never lands’
‘An outlandish new flying hotel concept is offering travellers an incredibly unique travel experience that seems straight out of a retro-futurism movie.’
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Technology / Automobile
BYD plans to open its Hungarian EV factory within three years
Below excerpt and title of this article reported by Westerheide. C. (2024, February 16). BYD plans to open its Hungarian EV factory within three years. Electrive
‘BYD plans to open its first European electric car factory in Hungary within three years. The Chinese manufacturer announced the project at the signing of the preliminary purchase agreement for the property in Szeged, Hungary.’
Read on INFYNIT Social
Technology
Tesla To Fire 10% Workforce, 14,000 Employees Brace For Sacking: Report
Below excerpt and title of this article reported by Sharma. M. (2024, April 16). [Tesla To Fire 10% Workforce, 14,000 Employees Brace For Sacking: Report. NDTV World
‘The move comes ahead of the tech billionaire’s meeting with Prime Minister Narendra Modi on his visit on India some time this month.’
‘The announcement comes days after Tesla reported a drop in auto deliveries even though it implemented a series of price cuts on its EVs to boost demand.’
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City
Scholz says China builds cities faster than Germany approves house
Below excerpt and title of this article reported by huaxia. (2024, March 24). Scholz says China builds cities faster than Germany approves house. Xinhua
‘German Chancellor Olaf Scholz said that China builds cities faster than Germany approves a house, local media Bild reported.’
‘Scholz made the remark at a discussion organized by the German think-tank Bertelsmann Stiftung this week when talking about reducing the country’s bureaucracy.’
Read on INFYNIT Social
Political
U.S. loses its spot to China as Southeast Asia’s most favored ally, survey shows
Below excerpt and title of this article reported by Chiang. S. (2024, April 3). U.S. loses its spot to China as Southeast Asia’s most favored ally, survey shows. CNBC
‘• China emerges as the preferred choice over the U.S. if the Southeast Asia region were forced to align itself in the ongoing U.S.-China conflict, new survey findings showed.’
‘• This is the first time Beijing edged past Washington since 2020. The U.S. as a preferred choice dropped to 49.5% from 61.1% last year.”
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Political
China’s President Xi Jinping says nobody can stop ‘family reunion’ with Taiwan
Below excerpt and title of this article reported by CNA. (2024, April 10). China’s President Xi Jinping says nobody can stop ‘family reunion’ with Taiwan. China News Asia
‘Chinese President Xi Jinping told former Taiwan president Ma Ying-jeou on Wednesday (Apr 10) that outside inference could not stop the “family reunion” between the two sides of the Taiwan Strait, and that there are no issues that cannot be discussed.’
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Technology / Automobile
One Car Every 76 Seconds: Inside Xiaomi’s Smart Super Factory
Below excerpt and title of this article reported by Luchian. E. (2024, April 5). One Car Every 76 Seconds: Inside Xiaomi’s Smart Super Factory. Auto Evolution
‘The SU7 is the first car that smartphone manufacturer Xiaomi has unveiled. It happened on March 28, and the model has already entered production. Xiaomi builds the sedan at the Xiaomi Super Factory in Beijing, China.’
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Political
Costs of the 20-year war on terror: $8 trillion and 900,000 deaths
Below excerpt and title of this article reported by Kimball. J. (2021, September 1). Costs of the 20-year war on terror: $8 trillion and 900,000 deaths. Brown
‘A report from the Costs of War project at Brown University revealed that 20 years of post-9/11 wars have cost the U.S. an estimated $8 trillion and have killed more than 900,000 people.’
Read on INFYNIT Social
BRICS vs G7
An additional 10 trillion US dollars in military spending may be deemed necessary by the US and G7 nations over the next decade, as suggested by a recent report
Below excerpt reported by Stirling. C. (2024, April 9). A $10 Trillion Race to Rearm Will Test Budgets. Bloomberg
‘For the US and its Group of Seven allies, that would equate to more than $10 trillion (US Dollars) of additional commitments over the next decade, according to calculations by Bloomberg Economics.’
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Technology
How US company Nvidia Became Worth More Than Google And Amazon
Below excerpt reported by Unnanu. How US company Nvidia Become Worth More Than Google And Amazon. Unnanu
‘Nvidia’s ascension to surpass the market capitalization of tech titans like Google and Amazon can be attributed to its strategic diversification, which saw the company expand its horizons from gaming into the realms of artificial intelligence (AI), data centers, and beyond.’
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Brics vs G7
Report: Russia sends military trainers and air-defence system to Niger, says Niger state TV, Niger gov plans infrastructure partnerships with China on railway network, China Invests in Niger New Industrial Park, Uranium and Oil Production, Niger Orders American Troops to Leave Its Territory, and Niger Expels France from Country, Reclaims Gold and Uranium Mines
Read on INFYNIT Social
Brics vs G7
Iraq invites China to bid for 17 billion US dollar Mega Rail project
Below excerpt reported by ZAWYA. (2024, January 19). [Iraq invites Chinese firms for mega rail project. ZAWYA
‘Iraq has asked Chinese companies to bid for projects within a $17-billion scheme to build a 1,200 km long rail line stretching from South Iraq towards the border with Turkey in the North, according to Iraqi media.’
Read on INFYNIT Social
Brics vs G7
Ahead of Joining BRICS, Iraq Issues Ban on U.S. Dollar Transactions
Below excerpt and title of this article reported by Watcher.Guru. (2023, May 17). Ahead of Joining BRICS, Iraq Issues Ban on U.S. Dollar Transactions. Crypto Rank
‘The Interior Ministry of Iraq issued a ban on U.S. dollar transactions across the country. Iraq is one among the 24 countries that have shown interest to join the BRICS alliance and accept the new currency for global trade’
Read on INFYNIT Social
Brics vs G7
Iraq 2 billion dollar new city breaks ground with 2 Chinese Construction companies
Below excerpt and title of this article reported by Al-Ansary. K. (2023, December 28). Iraq Breaks Ground on $2 Billion Project to Build New City. BNN Bloomberg
‘Iraq broke ground Wednesday on a $2 billion project to build a residential city outside of Baghdad, with two Chinese firms starting construction on 30,000 housing units.’
Read on INFYNIT Social
Education
US College graduate numbers decline for second year in a row
Below excerpt and title of this article reported by Greenfield. N. M. (2024, April 11). College graduate numbers decline for second year in a row. University World News
‘The 2.8% decrease in the number of college students who graduated in the United States at the end of the 2022-23 academic year was almost double the previous year’s decline (1.5%) when there were 3,541,343 graduates.’
Read on INFYNIT Social
Education
China to have 11.79M university graduates in 2024
Below excerpt and title of this article reported by Xinhua. (2023, December 6). China to have 11.79M university graduates in 2024. The State Council Information Office The People’s Republic Of China
‘The estimated number of university graduates across China in 2024 is expected to reach 11.79 million, an increase of 210,000 compared to the previous year, Chinese authorities said on Tuesday.’
Read on INFYNIT Social
Economy
Iraq, China Rebuilding 1000 Schools, 100’s of thousands of homes, new Universities after infrastructure destroyed by US Invasion. Trade between China and Iraq reached around $50 billion last year. China is the largest importer of Iraqi oil.
Below excerpt reported by News Desk. (2024, January 4). China ‘actively involved’ in Iraq’s reconstruction. The Cradle
‘In 2019, Iraq signed a 20-year contract, agreeing to supply Chinese firms with 100,000 barrels per day (bpd) of crude oil, with the revenue earmarked for funding various development projects in Iraq undertaken by Chinese firms.’
Read on INFYNIT Social
Economy
China invests Approx 643.75 billion USD on Education in 2024
According to Statista (Textor, 2024), Public expenditure on education in China from 2013 to 2023.
‘In 2023, public spending on education in China reached 4.12 trillion yuan. Education expenditure increased continuously over recent years, but growth rates are considerably lower than ten years ago.’
Read on INFYNIT Social
Economy
China 5 Million (STEM) Science, Technology, Engineering and Mathematics Graduates each year.
Below excerpt reported by Haifeng. Q. (2024, April 9). [China’s demographic dividend is turning into talent dividend. Alwihda Info
‘Approximately 50 percent of the world’s leading artificial intelligence (AI) researchers are trained in Chinese universities, making China the top provider of elite AI talents globally.
Read on INFYNIT Social
Technology
China Invests $51.51 billion in with a focus on basic research, applied basic research, and national strategic tasks in science and technology for 2024
Below excerpt article reported by Yeping. Y. (2024, March 5). China pledges to facilitate new quality productive forces with intensified technology innovation. Global Times
‘Deeper reform, opening-up on all fronts expected for greater self-reliance, strength in science and technology’
Read on INFYNIT Social
Political
Exclusive—Iraq Militia Warns US Troops Will Exit ‘in Coffins’ If Biden Won’t Withdraw.
Below excerpt and title of this article reported by Connor. T. (2024, March 27). Exclusive—Iraq Militia Warns US Troops Will Exit ‘in Coffins’ If Biden Won’t Withdraw. News Week
‘We respect the right of peoples to live in peace, and it is our right to have peace in our country without American military forces on the land of Iraq. The Iraqi people respect all peoples but reject the military presence on the land of Iraq,” Tamimi said. “If these forces do not withdraw, they will be sent with coffins, and we will destroy the American bases.”‘
Read on INFYNIT Social
Political
US Military being pushed out of Africa?
Below excerpt and title of this article reported by Tait. R. (2024, March 22). US fears Russia’s influence in Africa after Niger junta cancels security pact. The Guardian
‘US policymakers are scrambling after the ruling military junta in Niger cancelled a mutual security pact that could lead to American forces being expelled, stirring fears of a loss of vital influence to Russia in west Africa.’
Read on INFYNIT Social
Political
China’s Xi, former Taiwanese president push unification
Below excerpt and title of this article reported by Yang. W. (2024, April 10). China’s Xi, former Taiwanese president push unification. VOA
‘Chinese leader Xi Jinping met former Taiwanese President Ma Ying-jeou at the Great Hall of the People in Beijing on Wednesday, wrapping up an 11-day “journey of peace” aimed at promoting unification between Taiwan and China.’
Read on INFYNIT Social
Political
US won’t let China take Taiwan chip-makers ‘intact’
Below excerpt and title of this article reported by Salerno-Garthwaite. A. (2022, November 30). [US won’t let China take Taiwan chip-makers ‘intact’. Army Technology
Scorched-earth strategy
‘The US Army War College Press published a paper in November 2021 recommending that the US make credible threats to destroy Taiwan Semiconductor Manufacturing Company (TSMC) facilities, eliminating the most important supplier of micro-processing chips to China and the World.’
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Technology
Intel discloses $7 billion operating loss for chip-making unit
Below excerpt and title of this article reported by Nellis. S. and Cherney. M. A. (2024, April 3). Intel discloses $7 billion operating loss for chip-making unit. Reuters
‘Intel said the manufacturing unit had $7 billion in operating losses for 2023, a steeper loss than the $5.2 billion in operating losses the year before. The unit had revenue of $18.9 billion for 2023, down 31% from $27.49 billion the year before.’
Read on INFYNIT Social
Technology
Google settles $5 billion privacy lawsuit over tracking people using ‘incognito mode’
Below excerpt and title of this article reported by The Associated Press. (2023, December 30). Google settles $5 billion privacy lawsuit over tracking people using ‘incognito mode’. NRP
‘Google has agreed to settle a $5 billion privacy lawsuit alleging that it spied on people who used the “incognito” mode in its Chrome browser — along with similar “private” modes in other browsers — to track their internet use.’
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Technology
6G the next Billion Dollar Infrastructure and Massive R & D Investment to Drive Economic Growth. Here is a guide of the Promises of 6G.
Below excerpt reported by Huawei 6G Research Team. (2021, November). 6G will serve as a distributed neural network that provides communication links to fuse the physical and cyber worlds. Huawei
6G will serve as a distributed neural network that provides communication links to fuse the physical and cyber worlds.
‘6G is the next-generation advanced mobile communications system, but it will go far beyond communications. 6G will serve as a distributed neural network that provides communication links to fuse the physical, cyber, and biological worlds, truly ushering in an era in which everything will be sensed, connected, and intelligent. This in turn will lay a solid foundation for Intelligence of Everything in the future.’
Read on INFYNIT Social
Technology
China has launched the world’s first 6G satellite, which promises speeds 100 times faster than 5G. This revolutionary technology brings together synthetic (AI, robotic/machine automation, 3D & digital) and biological (human & physical) existence for co-evolution. China seems to be leading the world and is on track to commercialize this technology by 2030.
Below excerpt reported by TOI Tech Desk. (2024, February 21). China Mobile launches world’s first Test 6G Satellite: What makes this important. The Times of India
‘China Mobile, a Chinese government-owned telecom operator, recently announced the launch of the world’s first 6G satellites, marking China’s advancement in the field of emerging communication technologies. According to a report in IoT World, two experimental satellites have been deployed into low-Earth orbit (LEO). One of these satellites is equipped with 6G architecture, a joint development of China Mobile and the Innovation Academy for Microsatellites of the Chinese Academy of Sciences.The other satellite utilises China Mobile’s 5G technology.’
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BRICS vs. G7
Russia and Iran finalize 20 years trade deal “that will change the middle east forever”
Below excerpt reported by Watkins. S. (2024, January 22). Russia And Iran Finalize 20-Year Deal That Will Change The Middle East Forever. Crude Oil Price Today
‘• Iran’s Supreme Leader Ayatollah Khamenei gave his official approval to a new 20-year comprehensive cooperation deal between the Islamic Republic of Iran and Russia.
• The agreement will replace the 10-year-deal signed in March 2001 and has been expanded not only in duration but also in scope and scale.
• The new deal includes far-going agreements on defense and energy.’
Read on INFYNIT Social
BRICS vs. G7
China 400 billion dollars, 25 years investment in Iran enters implementation stage.
Below excerpt reported by Motamedi. M. (2022, January 15). [Iran says 25-year China agreement enters implementation stage. Aljazeera
‘Tehran, Iran – A 25-year comprehensive cooperation agreement signed between Iran and China last year has now entered the implementation stage, according to Iran’s foreign minister.’
‘Hossein Amirabdollahian, in his first visit to China as foreign minister, announced the news late Friday after a meeting with his Chinese counterpart Wang Yi.’
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BRICS vs. G7
The EU and the West lose approximately 548 billion USD in trade with Russia. Russia replaces trade with the EU and the West with an equal volume of 548 billion USD with China and friendly nations.
Below excerpt article reported by RT. (2024, April 3). [Russia less reliant on oil and gas exports – PM. RT
‘Russia’s trade volume with “friendly nations” surpassed $548 billion last year, which was roughly equal to the turnover Russia had with the whole world, including the Western nations, four years ago, according to the prime minister.’
Read on INFYNIT Social
Financial
Report: “Russia could pay off its entire external debt tomorrow, in cash.” (Debt reduced by 14.9%, 57 Billion USD, Largest Economy in Europe and Fifth Largest Globally)
Below excerpt reported by Aris. B. (2024, March 30). Russia could pay off its entire external debt tomorrow, in cash. bne IntelliNews
‘At the same time gross international reserves have been rising and are now hovering around $600bn at the end of the first quarter. Half of these reserves are frozen. About $150bn are in monetary gold (up from $135bn pre-war) and the rest in yuan.’
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Health
‘Blood on Its Hands’: (US) FDA Will Remove Anti-ivermectin Social Media, Website Posts Under Lawsuit Settlement Agreement
Below excerpt and title of the article reported by Baletti. B., Ph.D. (2024, MARCH 22). ‘Blood on Its Hands’: FDA Will Remove Anti-ivermectin Social Media, Website Posts Under Lawsuit Settlement Agreement. The Defender — Children’s Health Defense’s News & Views
“The FDA demonized ivermectin, which is a highly effective drug for the early treatment of COVID. The consequences of this, and what has to be clear is that this led directly to the death of millions of people,” Marik said. “So the FDA has blood on its hands.”
Read on INFYNIT Social
Cryptocurrency / BRICS vs, G7
Hong Kong, the UAE, and Singapore are anticipated to benefit billions of dollars from the exodus of US crypto and blockchain companies as the US industry faces “Mammoth Losses”. The US government has taken six major enforcement actions that could end the US crypto industry, as listed below.
US Crypto Industry faces “mammoth loss”, Crypto Industry Continues to Leave US, US Judge Backs SEC: Trading of Certain Cryptocurrencies on Secondary Markets Are Securities Transactions.
Read on INFYNIT Social
Technology / BRICS vs. G7
US Company, INTEL and AMD expected to lose billions as China bans purchases and Home Grown Chips Perform.
Step 1. China bans purchase of Intel and AMD processors, Microsoft Windows for government computers
According to the article reported by Sharwood. S. (2024, March 25). Beijing issues list of approved CPUs – with no Intel or AMD. The Register
China wants “safe and reliable” processors and operating systems. (Will be replaced by Chinese made and approved products.)
Read on INFYNIT Social
Technology / BRICS vs. G7
China increases efforts to remove all US Tech with homegrown Alternatives by 2027?
Could the US lose China, its previous largest Tech consumer by 2027?
What will this mean for the US Economy?
Will BRICS nations follow?
Read on INFYNIT Social
Telecommunication
US firm AT&T says data of 73 million customers leaked on ‘dark web’.
Below excerpt and title of the article reported by Aljazeera. (2024, March 31). US firm AT&T says data of 73 million customers leaked on ‘dark web’. Aljazeera
‘In a statement on Saturday, the telecommunication network – the largest in the United States – said a recently discovered dataset on the “dark web” contained information for about 7.6 million current AT&T account holders and 65.4 million former users, totalling about 73 million affected accounts.’
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Technology / BRICS vs. G7
Is 2024 the Start of the End of US Tech companies having any significant market share in China and BRICs nations?
Will the US implement more security policies to shield its tech companies from Chinese competition, both domestically and with G7 allies? What implications does this hold for the US and G7 countries? Will the US change its policy and compete against China on progress and allow new domestic and foreign competition will they continue the same direction..?
What does that mean for US and G7 countries? Will they fall behind China even further?
Read on INFYNIT Social
BRICS vs. G7
China is teaching the likes of Apple and Tesla a very painful business lesson (Apple sales down approx. 24% in China. January to February 2024, Tesla suffers huge slump in China Sales)
Below excerpt reported by Chowdhury. H. and Batarags. L. (2024, March 1). China is teaching the likes of Apple and Tesla a very painful business lesson. Business Insider
‘Apple’s been struggling to get new iPhones into the pockets of Chinese consumers, with data from Counterpoint Research showing that sales plummeted by 24% in the first six weeks of the year.’
‘Tesla, meanwhile, suffered a huge slump in shipments from its Shanghai gigafactory last month, with 60,365 vehicles shipped, Bloomberg reported. That’s 16% lower than its shipments in January and 19% lower than the same month last year, data from the China Passenger Car Association shows.’
Read on INFYNIT Social
Trading / BRICS vs. G7
Tesla Stock Is Plunging Down 29.25% in the first quarter, the worst performer on the S&P 500
Below excerpt reported by Carson. E. (2024, March 30). Tesla Stock Is Plunging, But At Least It’s Cheaper, Right? Nope. Investor’s Business Daily
‘Tesla stock plunged 29.25% in the first quarter, the worst performer on the S&P 500. Shares are 57.5% below their late 2021 all-time high.’
Read on INFYNIT Social
Automobile / BRICS vs. G7
Huawei M7 EV Car reported 500K Orders. (Huawei is not just an EV car company but a digital ecosystem. US companies Telsa and Apple sales in China continue to decline.)
Is this the start of the end for Tesla and Apple in China and then BRICs nations?
Below excerpt reported by Helou. E. A. (2023, October 12). Huawei’s Aito gets 500,000+ orders for M7 luxury EV since relaunch. Middle East Economy
Huawei’s Aito gets 500,000+ orders for M7 luxury EV since relaunch
‘Huawei’s consumer appeal drives success in China’s EV market’
‘Analysts laud the initial triumph of electric SUVs as more than 500,000 orders flooded in within the first 25 days of the Aito M7’s relaunch in September. This success is attributed, in part, to Huawei’s significant consumer appeal in China, leveraging its extensive network of retail stores.’
Read on INFYNIT Social
Automobile / BRICS vs. G7
Xiaomi Challenges Elon Musk’s Tesla, Rakes In 120K Orders For First EV In 36 Hours. (Tesla sold 60,365 China-made vehicles in February 2024)
Is this the start of the end for Tesla in China and then BRICS nations?
Xiaomi is not just an EV car company but a digital ecosystem. US companies Telsa and Apple sales in China continue to decline
Telsa Stock falls approx 29% last 12 months and continues sales decline in China. Approx 30 percent of Tesla sales are from China
Read on INFYNIT Social
Cryptocurrency
Reported: US Government Seeks 2 Billion in fines from Ripple Labs / Ripple leaves the U.S. market: Company hires in other countries
Below excerpt reported by Godoy. J. (2024, March 24). US SEC seeks $2 billion from Ripple Labs, chief legal officer says. Reuters
‘US SEC seeks $2 billion from Ripple Labs, chief legal officer says’
‘March 25 (Reuters) – The U.S. Securities and Exchange Commission is seeking fines and penalties totaling $2 billion in its case against Ripple Labs over sales of the cryptocurrency XRP, the company’s chief legal officer said in a social media post on Monday.’
Read on INFYNIT Social
Cryptocurrency
24 Firms Eyeing Crypto Exchange License in Hong Kong — Here’s The Full List
Below excerpt and title of the article reported by Oi. R. (2024, February 29). 24 Firms Eyeing Crypto Exchange License in Hong Kong — Here’s The Full List. Fintech Hong Kong
‘Hong Kong has emerged as a significant battleground for crypto exchange platforms seeking to secure a license from the Securities and Futures Commission.’
Read on INFYNIT Social
Technology
Famous Analyst expects China Domestic Chip and Software Powered Huawei Mobile P70 Series to Break Shipment Records (approx 230% Increase/13-14 million units) 2024
Below excerpt reported by Ertuğ. V. O. (2023, November 28). Important claim from Apple analyst! Huawei P70 sales could break records. ShiftDelete.Net
‘According to the analyst, Huawei P70 shipments are likely to break records and increase by 230 percent compared to last year. In this sense, shipments are likely to reach 13-15 million units on an annual basis.’
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Technology
In 2024, Huawei mobile phones are expected to dominate sales with the release of three new phones powered by Chinese-made chips and software. Meanwhile, Apple continues to lose market share in China.
Below excerpt reported by Choi. J. (2024, March 25). Huawei to Launch Another 5G Phone. Business Korea
‘The Huawei P70 series is expected to be launched in three models: the base model, the P70 Pro, and the P70 Art. The main camera will feature a 1-inch sensor and is expected to include a 50-megapixel ultra-wide lens, among other features.’
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Technology
Report, 2024 China moves away from Western Tech including US CPU’s, Computer Desktops and Server Operations. US Tech does not pass Chinas Security Report. Will BRICS nations follow? Will 2024 be the Exodus of US Tech from BRICS?
With Chinese domestic tech production not reliant on the US, will China become the worlds largest Chip, Mobile Device, Software and PC exporter? Will BRICS nations source directly from China for all technology?
Beijing issues list of approved CPUs – with no (US) Intel or AMD (reports inside China, phasing out of Intel and Windows PC)
Read on INFYNIT Social
Financial / Cryptocurrency
Qatar makes belated entry into crypto tokens market
Below excerpt and title of this article reported by Merani. M. (2023, October 12). Qatar makes belated entry into crypto tokens market. Arabian Gulf Business Insight
‘Qatar’s financial regulators have proposed a new digital assets framework which seeks to regulate investment tokens.’
‘Bardawil said introducing a virtual asset framework positions Qatar, with a population of about 2.5 million, for a trifecta of economic boons.’
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Health
(US) New Report Measures Scope of Damage From Medical Mistakes (Reported Approx 795,000 People Injured)
Below excerpt and title of this article reported by HealthDay. (2023, July 20). New Report Measures Scope of Damage From Medical Mistakes. US News
‘THURSDAY, July 20, 2023 (HealthDay News) — About 795,000 Americans die or are permanently disabled every year due to misdiagnosed medical conditions.’
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Financial / Cryptocurrency
Coinbase warns users could lose their crypto holdings if the company goes bankrupt.
Below excerpt and title of this article reported by Canales. K. (2022, May 11). Coinbase warns users could lose their crypto holdings if the company goes bankrupt. Business Insider
‘Coinbase said its users’ crypto assets could become company property if it went bankrupt.
The company added the disclosure for the first time in its earnings report Tuesday.’
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Financial
BlackRock clients pull $13 billion from long term investment funds
Below excerpt and title of the article reported by Reuters. (2023, October 13). BlackRock clients pull $13 billion from long term investment funds. Business Standard
‘BlackRock Inc. clients pulled a net $13 billion from long-term investment funds, the first outflows since the onset of the pandemic in 2020.’
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Financial
Texas pulls $8.5B from BlackRock in stunning blow to ESG movement
Below excerpt and title of the article reported by Catenacci. T. (2024, March 19). Texas pulls $8.5B from BlackRock in stunning blow to ESG movement. Fox Business
‘Texas ‘will not stand idle as our financial future is attacked by Wall Street,’ said State Board of Education Chairman Aaron Kinsey’
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Culture, Race, and Happiness Index
One in Four Young Adults Want to Leave America — Here’s Why
Below excerpt and title of the article reported by Relevant Staff. (2023, November 15) One in Four Young Adults Want to Leave America — Here’s Why. Relevant
‘A new survey from Preply found that one in four Gen Z Americans have expressed a desire to live outside the U.S. As of 2020, nearly three million people born in the U.S. were living in countless different countries, and no other country has sent as many emigrants to as many places.’
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Culture, Race, and Happiness Index
US The Next Generation Will Know Debt Like No Other.
Below excerpt reported by Peter G. Peterson Foundation. US falls out of world’s top 20 happiest countries list for the first time ever. Peter G. Peterson Foundationn
‘They are burdened by record student debt. They are entering the workforce during a time of unprecedented economic uncertainty, in a nation with crumbling infrastructure, a climate in crisis, and rising inequality.’
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Culture, Race, and Happiness Index
Study, US Ranks 62nd in the world for “Happiness” for US Citizens Under 30
Below excerpt reported by Yang. M. (2024, Mar 24). US falls out of world’s top 20 happiest countries list for the first time ever. The Guardian
‘Among people below the age of 30 from 2021 to 2023, the US ranks 62nd in “happiness”.’
‘The US has fallen out of the top 20 happiest countries to live in for the first time ever, according to a new report.The US has fallen out of the top 20 happiest countries to live in for the first time ever, according to a new report.’
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Global Trade
UAE Attracts Record 23 Billion in FDI. Is UAE Number 1 in Global Startup Funding?
Below excerpt reported by Jooris. L. (2024, January 4). 2023 UAE Startup Ecosystem Overview. Dubai Chronicle
UAE’s achievement of attracting a record US$23 billion in Foreign Direct Investment (FDI) in 2023′
‘The UAE’s start-up ecosystem has flourished remarkably, particularly in acclaimed business centers such as the Dubai Multi-Commodities Center (DMCC). During the first half of the year, the DMCC experienced a surge in growth, welcoming 1,456 new companies and elevating its total membership to an impressive count of over 23,000.’
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Culture, Race, and Happiness Index
TikTok ban contributes to larger trend of xenophobia
Below excerpt and title of the article reported by Muthukrishnan. S. (2023, February 14). TikTok ban contributes to larger trend of xenophobia. The Daily Texan
A 2020 study by Stop AAPI Hate found that “one in 10 tweets by politicians about Asian Americans included racist or stigmatizing language.”
This trend of xenophobia was reinforced through Texas’ TikTok ban.
“This (rise in xenophobia against Chinese individuals) is nothing new, it’s part of a much longer history of the U.S. approaching China as a major global competitor,” said Laurel Mei-Singh, assistant professor of Asian American Studies and geography.
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Culture, Race, and Happiness Index
The Tesla CEO accuses the media of being racist towards Whites and Asians.
Below excerpt and title of the article reported by Olinga. L. (2023, February 27). Elon Musk Takes a Stand on Racism. The Street
‘Elon Musk, the billionaire CEO of Tesla (TSLA) , is not afraid to meddle in all subjects.’
‘Sometimes he even gives the impression of seeking to intervene in the most burning issues, those which divide society and often call for close attention to the facts presented and to be wary of possible misinformation.’
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Culture, Race, and Happiness Index
What Elon Musk Gets Right About Anti-Asian Bias In Elite College Admissions
Below excerpt and title of the article reported by Rim. C. (2023, February 27). What Elon Musk Gets Right About Anti-Asian Bias In Elite College Admissions. Forbes
‘Anti-Asian bias is an open secret at elite institutions—Elon Musk is ready to talk about it.’
‘When I applied to Yale University as a high school senior, I was told to expect rejection. There were plenty of reasons that I should not have held my breath—eighteen students in my graduating class were vying for the limited seats at Yale, my GPA was a less-than-stellar approximate 3.7 unweighted, and my test scores were lower than those of all of the other applicants from my high school. Rather than focusing all my effort on academics throughout high school, I had devoted my time to founding a nonprofit organization aimed at promoting bystander intervention and bringing emotional intelligence (EQ) into the classroom. Following my authentic passions allowed me to make meaningful change in my community, but it did not yield stand-out grades and test scores. In addition, no one from my school had been accepted to Yale within the past decade.’
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Culture, Race, and Happiness Index
(US) Rep. Cori Bush pushes for federal reparations…14 trillion for Black Americans to “close the racial wealth gap,” according to Rep. Bush.
Below excerpt reported by Peterson. B. (2023, May 20). Rep. Cori Bush says $14 trillion reparations bill will ‘eliminate the racial wealth gap’. ABC News
US) Rep. Cori Bush says $14 trillion reparations bill will ‘eliminate the racial wealth gap’
The bill notes the White House and Congress were built by enslaved Black people.
‘The United States has a moral and legal obligation to provide reparations for the enslavement of Africans and its lasting harm on the lives of millions of Black people in the United States,” H.R. 414 declares.’
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Technology
TikTok Finds a New Defender: Elon Musk
Below excerpt and title of the article reported by Zeff. M. (2024, March 12). TikTok Finds a New Defender: Elon Musk. Yahoo Tech
‘Elon Musk spoke out against the United States’ potential ban on TikTok, owned by China-based ByteDance, in a tweet on Tuesday, saying the law is all about “censorship and government control.” Musk has previously expressed discomfort with TikTok’s addictive algorithm, but this stance fits with his “free speech absolutism”—at least, when that’s what he wants you to think.’
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Technology
Former (US) Treasury Secretary Steve Mnuchin says he’s going to put together investor group to buy TikTok
Below excerpt and title of the article reported by Daily Herald. (2024, March 14). Former Treasury Secretary Steve Mnuchin says he’s going to put together investor group to buy TikTok. Daily Herald
Former Treasury Secretary Steven Mnuchin says he’s going to put together an investor group to buy TikTok, a day after the House of Representatives passed a bill that would ban the popular video app in the U.S. if its China-based owner doesn’t sell its stake.
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Technology
Trump says a TikTok ban would empower Meta, slams Facebook as ‘enemy of the people’
Below excerpt and title of the article reported by Browne. R. (2024, March 12). Trump says a TikTok ban would empower Meta, slams Facebook as ‘enemy of the people’. CNBC
Donald Trump, the presumptive Republican presidential nominee and former U.S. president, told CNBC he fears that banning Chinese-owned social app TikTok would only serve to empower Facebook, which he labelled an “enemy of the people.
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Political
Indian born American US Government Representative Raja Krishnamoorthi is one of the sponsors of the Bill to ban TikTok.
Here are some of the current and past initiatives of US rep Raja Krishnamoorthi,
Source: Gallagher, Bipartisan Coalition Introduce Legislation to Protect Americans From Foreign Adversary Controlled Applications, Including TikTok
“Rep Raja Krishnamoorthi has previously also called for the US and India to leverage their strength to provide viable alternative to Chinese authoritarian model.“
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Culture, Race, and Happiness Index
US Rep Jamaal Bowman reported to describe TikTok Ban as “Racist”
Below excerpt article reported by Nava. V. (2023, March 22). Rep. Jamaal Bowman blasts efforts to ban TikTok as ‘racist’. New York Post
During a press conference outside the Capitol Building, Bowman (D-NY), flanked by dozens of social media influencers, as well as Rep. Robert Garcia (D-Calif.) and Mark Pocan (D-Wisc.), urged lawmakers and the public to “not be racist towards China and express our xenophobia when it comes to TikTok.
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Technology / Biology
Will Humans replace computer storage systems?
DNA used as a storage system can replace all current storage systems in the world. Technically it could be possible that every person can allocate a portion of their DNA to store there own data and possibly the worlds data. Does this mean humans will eventually replace computers or can we synthetic and biological systems both co-evolve ?
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Financial
As the US Government Reaches $34 Trillion Dollars in Debt, Homelessness in America Reaches Record High (650K reported).
Below excerpt article reported by Ludden. J. (2023, December 15). Homelessness in the U.S. hit a record high last year as pandemic aid ran out. NPR
Homelessness in America spiked last year, reaching a record high, according to an annual count that provides a snapshot of one night in January. The report, released today by the department of Housing and Urban development, found more than 650,000 people were living in shelters or outside in tents or cars. That’s up a whopping 12% from the year before.
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Financial
Housing is now unaffordable for a record half of all U.S. renters, study finds
Below excerpt article reported by Ludden. J. (2024, January 25). Housing is now unaffordable for a record half of all U.S. renters, study finds. NPR
As the Harvard report notes, U.S. homelessness rates hit a record high last year. The Biden administration and housing experts link that squarely to a severe housing shortage that has helped drive up prices.
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Political
Biden and Trump Clinch Presidential Nominations
Below excerpt article reported by Rinaldi. O., & Navarro. A. (2024, March 13). Biden and Trump clinch 2024 presidential nominations, teeing up general election rematch. CBS News
CBS News estimates that Trump will be the presumptive 2024 Republican nominee after his win in Washington, amassing the 1,125 delegates needed to clinch the GOP nomination. He also won the day’s Georgia and Mississippi primaries, CBS News projected.
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Culture, Race, and Happiness Index
20K US Scientists of Chinese Descent Leave US (75% increase)
Below excerpt and title of the article reported by Trager. R. (2023, August 2). Scientists of Chinese descent leaving the US at an accelerating pace. Chemistry World
20,000 scientists of Chinese descent who began their careers in the US have left for other countries, including China, between 2010 and 2021, a team at Princeton, Harvard and the Massachusetts Institute of Technology has found. ‘The migration has increased during those 12 years, from 900 scientists in 2010 to 2621 in 2021, with an accelerated departure rate (75% higher) in the last three years … coinciding with the launch of the China Initiative in 2018…
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Culture, Race, and Happiness Index
33% Indians in America say they’d like to return (to India), says Pew research
Below excerpt and title of the article reported by Phadnis. A. (2023, July 19). 33% Indians in America say they’d like to return, says Pew research. Business Standard
Seventy-six per cent of Indian American adults have a favourable opinion of India but when asked whether they would ever move to India, 65 per cent Indian adults say they would rather stay in the US, compared with 33 per cent who say they would like to move back.
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BRICS vs G7 / Technology
China Creates 27 Billion Dollar Fund for Chip Manufacturing
Below excerpt article reported by Tanna. S. (2024, March 8). China prepares $27 billion chip fund to counter growing US restrictions, Bloomberg reports. Reuters
China prepares $27 bln chip fund to counter growing US restrictions, Bloomberg reports
China is in the process of raising more than $27 billion for its largest chip fund to date to accelerate the development of cutting-edge technologies to counter a U.S. campaign to thwart its rise, Bloomberg News reported on Friday.
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BRICS vs US / Political
US Intelligence warns: China now leads world in Nuclear and Conventional hypersonic missiles…Russia has also deployed three types of ultra-high-speed maneuvering weapons that can also be equipped with nuclear or conventional warheads and fired the first hypersonic weapon in combat…
Below excerpt article reported by Adam. R. (2024, March 13). China now leads world in nuclear and conventional hypersonic missiles, US intelligence warns. News Net Daily
China now leads world in nuclear and conventional hypersonic missiles, US intelligence warns
Jeffrey McCormick, an intelligence analyst at the (US) Defense Intelligence Agency’s National Air and Space Intelligence Center, said China has “significantly” tested and built hypersonic missiles over the past two decades for nuclear and conventional strike systems against the United States and that it now had “first place in the world”. first hypersonic arsenal.
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BRICS vs G7 / Cryptocurrency
Tether’s Offshore Chinese Yuan Stablecoin: An Alternative to USDT for BRICS Nations?
Will Tether’s Chinese Yuan Stablecoin Replace USDT in Market Cap as BRICS Nations Reduce Reliance on US Dollars? Is This a Solution for BRICS Nations Who Do Not Want to Trade in US Dollars or Stablecoins Backed by US Dollars?
In 2024, BRICS nations can now use a Chinese Yuan Stablecoin instead of stablecoins backed by USD. Created by Tether, the creator of USDT, BRICS nations and allies have an alternative stablecoin to use that is backed by the Chinese Yuan.
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BRICS vs G7
Report BRICS (nations) to Completely Ditch the US Dollar in 3 Years
Below excerpt article reported by Dsouza. V. (2023, October 10). BRICS: Malaysia Announces To Eliminate the US Dollar For Global Trade. Dsouza
“Malaysia Follows BRICS Footsteps To Stop Using the US Dollar”
“Inspired by BRICS, Malaysia is following similar ideas to ensure the decline of the US dollar. The Ringgit could stabilize if the country pushes it forward in the international markets for trade deals worth billions.”
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Cryptocurrency
Malaysian Government approves new Crypto Exchange to operate and starts plan to eliminate dependency on US dollar.
Below excerpt article reported by Blockhead. (2024, February 29). Homegrown Startup Torum Wins Provisional License for Crypto Exchange in Malaysia. Blockhead
Homegrown Startup Torum Wins Provisional License for Crypto Exchange in Malaysia
This approval from the Securities Commission Malaysia not only solidifies Torum’s position in the digital asset exchange market but also underscores Malaysia’s growing significance as a hub for cryptocurrency adoption and fintech innovation.
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Culture, Race, Happiness Index
Iceland declared safest country In the world to visit. US ranked 133rd. Singapore ranked 6th and, Japan ranked 9th (The Global Peace Index)
Below excerpt article reported by Times of India. (2023, November 5). Iceland has been declared 2023’s safest country to visit!. Times of India
celand has been ranked as ‘The Safest Country in the World 2023’ at the Global Peace Index (GPI).”
“It is an yearly ranking conducted by the Institute of Economics and Peace to determine the safest nations in the world. The GPI measures the safety of countries on several criteria. It includes the degree of crime, violence, terrorism, and global conflicts.
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Cryptocurrency
420,000 Norwegians (10% of the adult population) own cryptocurrencies
Below excerpt and title of article reported by Lunde. V. (2022, Mar 30). 420,000 Norwegians (10% of the adult population) own cryptocurrencies. K33 Research
This survey conducted by Arcane Research and EY finds that 10% of all Norwegian adults own cryptocurrency, while female crypto adoption in Norway has seen sharp growth over the last year.
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Cryptocurrency
According to CoinMarketCap, March 11th 2024, BTC hits record 71k USD, Crypto Market Cap reaches 2.68 Trillion (approx. 300 billion added in 1 week)
Today’s Cryptocurrency Prices by Market Cap
The global crypto market cap is $2.68T, a 1.62% increase over the last day.
The total crypto market volume over the last 24 hours is $132.03B, which makes a 41.66% increase. The total volume in DeFi is currently $12.06B, 9.13% of the total crypto market 24-hour volume. The volume of all stable coins is now $118.5B, which is 89.75% of the total crypto market 24-hour volume.
Bitcoin’s dominance is currently 52.17%, an increase of 0.37% over the day.
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Wealth
(1.6 Trillion USD) Norwegian Wealth Fund Transitions Asia Hub to Singapore, Closes Shanghai Office
Below excerpt article reported by Hubbis. (2023, September 11). Norwegian Wealth Fund Transitions Asia Hub to Singapore, Closes Shanghai Office. Hubbits
Over time, the Singapore office has progressively emerged as the central hub overseeing the entire Asian region, equipped to manage all operational functions, inclusive of those for China.
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Wealth
According to SWFI Organization the top 14 out of 15 Sovereign Wealth Funds are dominated by Asia and the Middle East…however Scandinavian Country Norway ranks number 1 with approx 1.6 trillion USD. The highest US fund ranks 20th.
Source: Top 100 Largest Sovereign Wealth Fund Rankings by Total Assets – SWFI
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Wealth
Norways Sovereign Wealth Fund (largest in the world at 1.6 trillion USD), posts worlds largest return…
Below excerpt article reported by Meredith. S. (2024, January 30). World’s largest sovereign wealth fund posts record $213 billion profit, boosted by tech stocks. CNBC
Norway’s giant sovereign wealth fund on Tuesday reported record profit of 2.22 trillion kroner ($213 billion) in 2023, supported by robust returns on its investments in technology stocks.
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Investment
Reported March 10th: Did EFTA (Iceland, Norway, Switzerland, Liechtenstein) choose BRICS Nation India over Europe and the US for Strategic Investment of 100 billion USD over next 15 years?
Below excerpt article reported by Laskar. R. H. (2024, Mar 10). India, EFTA states sign trade deal to create resilient supply chains. Hindustand Times
(Iceland, Norway, Switzerland, Liechtenstein) states have committed to invest $100 billion in India over a period of 15 years.
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Financial
Japan and China sell approx. 50 billion worth of US stocks. According to US Treasury date “Biggest sale since 1977”
Below excerpt article reported by Kondo. M. (2024, Febuary 15). Japan, China Funds Sold Record Amount of US Stocks Last Yea. BNN Bloomberg
Japanese investors dumped a net $30.8 billion worth of US shares last year, while their Chinese counterparts sold $19.7 billion in the same period, according to data released by the US Department of the Treasury on Thursday. That was the biggest disposal in data going back to 1977.
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Political
Reports US Senator wants 1.5 Trillion Military Budget 2024…
Below excerpt article reported by Harris. B. (2024, Mar 7). A nearly $1 trillion defense budget faces headwinds at home and abroad. Defense News
“The U.S. should lead in the Indo-Pacific,” he said. “The U.S. should lead in Europe. The U.S. should lead in the Middle East. This is our official strategy. The U.S. should seek to win, not just manage, against China and Russia. The U.S. should deter Iran and North Korea and terrorist groups.”
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BRICS vs G7
Russia Delivers 200,000 Tonnes of Grain Free to Africa?
Russia, China expand agricultural trade
Approx Russian Gift Cost to Africa = The purchase was divided into five shipments of 40,000 tonnes from the supplier Grain Flower at a price of $339 per ton
Source and excerpt article reported by World Grain. (2023, November 27). Russia delivers 25,000 tons of free wheat to Somalia. RT
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BRICS vs G7
Russia & China expand Agricultural trade with 26 Billion dollar Contract for Russian Grain?
Below excerpt article reported by World Grain. (2023, August 11). Russia, China expand agricultural trade. World-Grain.com
Russia, China expand agricultural trade. Russian grain exporting firm, signed a $26 billion contract to supply China with 70 million tonnes of grain, legumes and oilseeds over the next 12 years.
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BRICS vs G7
Russia surpasses Canada to become world largest fertilizer exporter?
Below excerpt article reported by Hurst. D. (2023, September 30). Russia Becomes World’s Largest Fertilizer Supplier. Sputnic India
Russia has overtaken top suppliers like Canada, China, and the USA to become the world’s top exporter of fertilizers in the first half of the financial year 2022-23.
Russia has emerged as the world’s top global supplier of fertilizers with $20.65 billion in exports in the first half of the financial year 2022-23, according to the latest report of the International Fertilizer Association (IFA)
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BRICS vs G7 / Cryptocurrency
Have companies and government policy makers located in BRICS Nations UAE and China Forged a Groundbreaking Partnership for Blockchain and Crypto Innovation? Could this partnership potentially replace Traditional Service Providers Visa and AWS in the Region?
A Memorandum of Understanding (MOU) is reported to have been signed that could see the potential of Rak Dao’s Regulation Clarity with Tencent’s Power, Security, and Scaling.
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BRICS vs G7 / Technology
China leading US in technology race in all but a few fields, (US) thinktank finds
Below excerpt article reported by Hurst. D. (2023, Mar 2). China leading US in technology race in all but a few fields, thinktank finds. The Guardian
Year-long study finds China leads in 37 of 44 areas it tracked, with potential for a monopoly in areas such as nanoscale materials and synthetic biology. “The United States and other western countries are losing the race with China to develop advanced technologies and retain talent, with Beijing potentially establishing a monopoly in some areas, a new report has said.”
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BRICS vs G7 / Cryptocurrency
Saudi Arabia tops global crypto growth volume with $31BN in transactions in 1 year
Below excerpt article reported by Helou. E. A. (2023, September 27). Saudi tops global crypto growth volume with $31 bn in transactions in 1 year. Middle East Economy
A 12 percent surge in crypto volume between 2022 and 2023. “According to a recent report from blockchain analysis firm Chainalysis, Saudi Arabia has emerged as the country with the highest growth volume of cryptocurrency transactions worldwide over a 12-month period. The Middle East region, along with other countries, is witnessing increased adoption of decentralized finance (DeFi), enabling individuals to transact digital assets like cryptocurrencies without relying on traditional intermediaries.
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BRICS vs G7
BRICS Nation “UAE’s Fintech Market Rises 92% amidst Global Funding Slowdown
Below excerpt article reported by Chmiel. D. (2024, January 10). UAE’s Fintech Market Rises 92% amidst Global Funding Slowdown. Finance Magnates
Despite the global fintech funding slowdown, the United Arab Emirates was a standout performer. The UAE saw fintech investment skyrocket 92% in 2023 thanks to the growing adoption of digital banking and fintech tools in the region. This was the first time the UAE made the top 10 list of most well-funded fintech hubs.
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Cryptocurrency
Singapore Tops List of Crypto-Friendly Investment Migration Destinations
Below excerpt article reported by Pratap. J. (2023, September 6). Singapore Tops List of Crypto-Friendly Investment Migration Destinations. Crypto News
Singapore has emerged as the most preferred destination for crypto millionaires seeking secure and tax-friendly havens to protect their digital assets, according to the recently released Crypto Adoption Index by Henley & Partners.
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Cryptocurrency
Singapore Cryptocurrency Consumer Adoption and Perception
Below excerpt article reported by Devanesan. J. (2024, February 19). Over Half of Surveyed Singapore Users Own Cryptocurrency. Fintech Singapore
Singapore Cryptocurrency Consumer Adoption and Perception. “A recent research collaboration between Seedly and Coinbase, known as The Pulse of Crypto Singapore Report, provides a revealing look into how adults in Singapore perceive and engage with the cryptocurrency space. Based on a survey of 2,006 Singapore-based adults, a striking 57% reported owning cryptocurrency, signaling a robust consumer adoption rate.”
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Cryptocurrency
Clear regulations in Singapore enable Singaporean and Asian institutional investors to increase investments in Singapore-registered crypto companies for 2024.
Below excerpt article reported by Huang. C. (2023, December 14). Institutional investors in Singapore plan to increase crypto investments in 2024: Survey. The Straitstimes
Institutional investors in Singapore plan to increase crypto investments in 2024: Survey. “SINGAPORE – Institutional investors in Singapore view cryptocurrency as a long-term investment, and a majority of those polled have plans to increase their holdings in the new year, according to a survey by Swiss crypto bank Sygnum.
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Cryptocurrency
Clear regulations in Hong Kong contribute to the 2024 success of Hong Kong crypto companies, attracting investments from BRICS nations like China.
Hong Kong’s decision to allow retail crypto trading in August has spurred significant interest from traditional financial institutions and brokerages in obtaining digital asset licenses. Tiger Brokers, a Chinese stock brokerage, recently upgraded its Hong Kong Securities & Futures Commission (SFC) license to include crypto trading for professional investors and financial institutions in Hong Kong. With 865,500 funded accounts and $18.9 billion in managed assets, Tiger Brokers aims to offer virtual asset trading, including Bitcoin and Ethereum, alongside traditional offerings like stocks, options, futures, funds, and ETFs through its SFC-licensed platform.
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BRICS vs G7
UAE’s RAK DAO Creates Digital Asset Free Zone
Below excerpt article reported by Thuo. C. (2023, October 19). UAE’s Ras Al Khaimah launches free zone for digital assets and Web3. Coin Journal
UAE’s Ras Al Khaimah launches free zone for digital assets and Web3
• Ras Al Khaimah, UAE, has introduced RAK DAO, a free zone dedicated to digital assets and Web3.
• RAK DAO will offer entrepreneurs 100% ownership of their businesses and a unique regulatory framework.
• The UAE continues to attract global crypto and Web3 firms through progressive regulatory measures.
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BRICS vs G7
UAE Spearheads MENA Crypto with Regulation
Below excerpt article reported by Chainalysis Team. (2023, September 26). Middle East & North Africa: Crypto Takes Hold as UAE Leads the Way in Promoting Regulatory Clarity. Chainalysis
Middle East & North Africa: Crypto Takes Hold as UAE Leads the Way in Promoting Regulatory Clarity
An estimated $389.8 billion in on-chain value received between July 2022 and June 2023”
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BRICS vs G7
UAE Crypto companies celebrate the increase in the cryptocurrency market cap.
UAE provides clear rules and registration for crypto exchanges and dealers. Crypto adoption and economy thrives in UAE.
Introduction: The UAE, the country’s proactive stance on blockchain adoption and the establishment of designated free zones for blockchain and cryptocurrency activities have attracted investment and talent to the region. Companies operating within these free zones benefit from streamlined and clear regulatory processes and incentives, fostering a conducive environment for growth and innovation. Rak Dao in particular is a crypto and blockchain dedicated free trade zone that hosts some of the most successful and innovative blockchain and crypto companies.
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Technology
Apple hit with $2 billion EU antitrust fine in Spotify case
Below excerpt article reported by Chee. F. Y. (2024, March 5). Apple hit with $2 billion EU antitrust fine in Spotify case. Reuters
“The European Commission charged Apple last year with preventing Swedish streaming service Spotify (SPOT.N) and others from informing users of payment options outside its App Store, following a 2019 complaint by Spotify.”
“Brussels on Monday fined Apple (AAPL.O) tab 1.84 billion euros ($2 billion) for thwarting competition from music streaming rivals via restrictions on its App Store, the iPhone maker’s first ever penalty for breaching EU rules.”
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Culture, Race, and Happiness Index
(US) Army Sees (Approximate 43%) Sharp Decline in White (European American) Recruits.
Below excerpt article reported by Beynon. S. (2024, January 10). Army Sees Sharp Decline in White Recruits. Military.com
The Army’s recruiting of white soldiers has dropped significantly in the last half decade, according to internal data reviewed by Military.com, a decline that accounts for much of the service’s historic recruitment slump that has become the subject of increasing concern for Army leadership and Capitol Hill.
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Political
Why falling confidence in America’s military is creating ‘a real crisis’
Below excerpt article reported by Mitchell. E. (2023, August 4). Why falling confidence in America’s military is creating ‘a real crisis’. The Hill
“The public’s confidence in the U.S. military is the lowest it’s been in decades, and it’s doing no favors to the armed forces’ current recruitment struggles.”
“Thanks to a combination of culture war issues, fresh reports of sexual assaults and suicides within the ranks, and a disastrous end to the Afghanistan War two years ago, Americans’ perception of the armed forces has taken a hit, according to experts and recent polls.”
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BRICS vs G7 / Cryptocurrency
Crypto refugees: UAE faces ‘historic opportunity’ as US crackdown on Binance, Coinbase fuels exodus
Below excerpt article reported by Issa. T. M. (2023, June 5). Crypto refugees: UAE faces ‘historic opportunity’ as US crackdown on Binance, Coinbase fuels exodus. Arabian Business
SEC crackdown on Binance and Coinbase prompts crypto firms to eye UAE as regulatory safe haven, say experts. “The US Securities and Exchange Commission (SEC)’s crackdown on Binance and Coinbase risks a global exodus of crypto “regulation refugees,” many of who are poised to move to the UAE, industry experts told Arabian Business.
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BRICS vs G7 / Cryptocurrency
Crypto Exchanges providing Billions of Dollars in Crypto Assets to US Customers reportedly told to cease trading and or leave the US… Singapore, UAE, and Hong Kong Expected to be the beneficiary
Crypto Exchanges providing Billions of Dollars in Crypto Assets to US Customers reportedly told to cease trading and or leave the US… Singapore, UAE, and Hong Kong Expected to be the beneficiary
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BRICS vs G7 / Cryptocurrency
Crypto investment leaves US, Citing US Regulatory Uncertainty
Below excerpt article reported by Morrow. A. (2023, June 6). US crypto investors are left with few options. CNN Business
Murky regulations. “The lack of (US) regulatory clarity is a common complaint among (US) crypto firms, which argue that the United States is pushing the industry overseas, and ultimately ceding authority to foreign regulators that have established clearer guidelines.
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BRICS vs G7 / Cryptocurrency
US Coinbase CEO: US SEC (government) asked for trading halt in everything except Bitcoin – FT
Below excerpt article reported by Investing.com. (2023, July 31). Coinbase CEO: SEC asked for trading halt in everything except Bitcoin – FT. Yahoo Finance
Coinbase CEO: SEC asked for trading halt in everything except Bitcoin – FT. “The U.S. Securities and Exchange Commission requested that Coinbase (NASDAQ:COIN) cease trading in all digital tokens except for Bitcoin prior to filing a lawsuit against the cryptocurrency exchange, according to the Financial Times.” “In an interview, Coinbase Chief Executive Brian Armstrong told the paper that the SEC “said…we believe every asset other than bitcoin is a security.” Armstrong added that the regulators then asked that Coinbase delist all of the more than 200 tokens it offers to customers, apart from Bitcoin.
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BRICS vs G7 / Cryptocurrency
‘Crypto is dead in America’ thanks to regulators, says (US Billionaire) investor Chamath Palihapitiya, who once thought Bitcoin could hit $200,000
Below excerpt article reported by Gordon. N. (2023, April 25). ‘Crypto is dead in America’ thanks to regulators, says investor Chamath Palihapitiya, who once thought Bitcoin could hit $200,000. Yahoo Finance
‘Crypto is dead in America’ thanks to regulators, says investor Chamath Palihapitiya, who once thought Bitcoin could hit $200,000. “The United States authorities have firmly pointed their guns at crypto,” Palihapitiya said on an episode of the All-In podcast, which he co-hosts, released on Saturday.
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BRICS vs G7 / Cryptocurrency
Former President of the US Stock Exchange chooses Hong Kong over US for new Crypto Exchange
“We will not engage in commercial activity in the US…the environment is not terribly friendly” Is this a warning sign the Crypto and Blockchain industry in the US is dead and BRICS Nations and allies will dominate the future of financial innovation? The former President of the US Stock Exchange, now the founder of a Crypto Exchange, has made a resolute decision: “We will not engage in commercial activity in the US… the environment in the US is not terribly friendly. It’s frustrating.” Instead, he will pivot towards seeking a license in Hong Kong. Does highlight failure of the US Government to create clear laws for crypto innovation and be a warning that the crypto industry in the US cannot exist with the current policies?
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Financial
US Treasury releases report of 175 trillion dollar deficit.
Medicare and Social Security are facing a substantial underfunding crisis, amounting to $175 trillion according to a recent report by the U.S. Treasury
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BRICS vs G7
Is Singapore Leading the World as a Destination for Ultra-Rich Individuals Capitalizing on BRICS Opportunities?
Singapore Reaches $4.9 Trillion Assets Under Management (Source: Monetary Authority of Singapore) According to the Economic Development Board of Singapore, there are now 1,100 family offices in Singapore. Additionally, 59% of family offices in Asia are located in Singapore. As a city, Singapore ranks as the 5th wealthiest in the world and is home to 41 billionaires. The country also boasts nearly 270,000 millionaires, and projections suggest that Singapore could have 437,000 millionaires by 2025. Furthermore, over 13% (~700,000) of Singapore’s 5.5 million population are expected to be millionaires by 2030, solidifying Singapore’s position as Asia’s millionaire capital by that time
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BRICS vs G7
Singapore and UAE Financial center collaborate on Fintech and Digitalization. UAE is Singapores Largest Middle East Trading Partner
Are UAE, Singapore, and Hong Kong truly well-positioned to benefit from BRICS members as financial and business collaboration centers? Considering their strategic geographic locations, robust financial infrastructure, and commitment to innovation and collaboration, have these countries already come together and are they working to drive sustainable growth, promote financial inclusion, and shape the future of finance. It’s a question worth serious attention. Here are some resources we have put together for you to consider and make the judgment if this has already taken place…
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Cryptocurrency
BRICS Member, UAE, “Becomes #1 in The World for Crypto Adoption”. Is UAE now the world leader in Crypto Innovation and Blockchain Regulation? Does this mean BRICS will have the most innovative and secured financial system in the world?
Source article reported by Gupta, S. (2023, June 13). The UAE Takes On Yet Another Crown By Ranking #1 In Crypto Owners. Lovin Dubai.
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Technology
Huawei Nearlink Replaces Bluetooth
Below excerpt article reported by Castro. (2023, August 5). Huawei Nearlink launched, new wireless technology far ahead of Bluetooth. Huewei Community
Huawei Nearlink has the advantages of 60% lower power consumption, 6 times higher speed, 1/30 delay, and 10 times higher number of network connections.
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BRICs vs G7
Total Wealth of Brics Block Estimated to now Eclipse 45 Trillion – Top 10 Richest Brics cities- MENA Nations Joins Brics
Below excerpt article reported by. Henley & Partners (2024), The BRICS Wealth Report: Challenging the Global Economic Order.
The total investable wealth currently held in the BRICS bloc amounts to USD 45 trillion and its millionaire population is expected to rise by 85% over the next 10 years, according to the inaugural BRICS Wealth Report, published today by international investment migration advisory firm Henley & Partners in partnership with global wealth intelligence firm New World Wealth.
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Political
Senate passes $95 billion package with aid for Ukraine and Israel
Do you think these funds will be approved? Did you know senators have dropped their US border protection funding bills in support of funding more to Ukraine & Israel??? (Excerpt from article reported by Foran et al. – CNN Political (2024), Senate passes $95 billion package with aid for Ukraine and Israel, setting up showdown with the House.)
“Trump has also indicated he would encourage Russian aggression against any NATO member country that doesn’t pay enough.”
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BRICs vs G7
Reports suggesting “No US Dollar Mechanism being built for participants of BRICS 27 Trillion dollar Market.”
Read the article from sources on INFYNIT Social and comment your thoughts
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Quality of Life
Tucker Carlson Shocked- “Moscow so much nicer than any city in my country (US)”
Below excerpt article by Mastrangelo, The Hill (2024), Tucker Carlson: Moscow ‘so much nicer than any city in my country’
Pundit Tucker Carlson called Moscow “nicer” than any city in the United States and praised Russian President Vladimir Putin’s governing of the massive world superpower.
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Political
US Government Website reports US ranked 13th in the world for quality of infrastructure (Cities).
Below excerpt article by [The Whitehouse (2021).
How neglected is America’s infrastructure Public investment in U.S. infrastructure as a share of GDP has fallen by more than 40 percent since the 1960s. The World Economic Forum now ranks the United States 13th when it comes to the overall quality of infrastructure.
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Financial
British EV maker, (Backed by Black Rock) once valued at $13 billion, has gone into bankruptcy protection without making any sales.
Below excerpt article reported by Prakash, P. (2024, February 6). British EV maker, once valued at $13 billion, has gone into bankruptcy protection without making any sales—after getting kicked out of Nasdaq. Yahoo Finance
The latest EV company to fold is Arrival, a U.K.-headquartered startup that’s close to a decade old. The company announced that its British arm was entering administration (similar to bankruptcy protection in the U.S.) on Monday, just a week after it received notice from Nasdaq, the U.S.’s tech-heavy index, that its trading would be suspended.
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Cryptocurrency
Historic Inflows: Spot Bitcoin ETFs Attract Over $1 Billion in a Single Week
Below excerpt article reported by Hakki, T (2024, February 13). Historic Inflows: Spot Bitcoin ETFs Attract Over $1 Billion in a Single Week, Cryptonews.
Bitcoin’s recent inflows have contributed towards pulling the entire market back up to a capitalization of nearly $2 trillion. Bitcoin accounts for around half of that as it closes in on its former all-time high market cap of $1.28 trillion
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Cryptocurrency
Wall Street ETFs Are Buying 12.5x More Bitcoin Per Day Than The Network Can Produce
Below excerpt article from CNBC Squawk Box (2024, February 12). Bitcoin has become Wall Street’s favorite asset, says Anthony Pompliano
“Anthony Pompliano, Pomp Investments founder, joins ‘Squawk Box’ to discuss the spot bitcoin ETF market one month after launch, state of bitcoin at large, and more.”
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Technology
China EV Company HiPhi wins $5.6 Billion Deal contract with Saudi Arabia…And it has a Super Car, 0-100 KMH in 2 seconds
Below excerpt article reported by Reuters (2023, June 12). Saudi Arabia signs $5.6 billion deal with Chinese parent of high-end EV brand HiPhi, CNBC
Saudi Arabia signs $5.6 billion deal with Chinese parent of high-end EV brand HiPhi.
Saudi Arabia will develop domestic EV Cars together.
Part of the Saudi plan is to develop a domestic electric vehicle manufacturing industry. Human Horizons manufactures electric vehicles under the HiPhi brand in China.
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Military
China catching US as Global Defense Contractor with forth year of growth, now approx 108 billion in Sales
China’s top defence contractors saw income grow for fourth year in a row, SIPRI global top 100 list shows
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Global Trade
5 US VC firms investing billions in Chinese AI, military and tech firms: CCP select committee
The 5 American VC firms in the report invested over $1.9B in Chinese AI companies linked to the CCP. Source: FOX Business
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Global Trade
China’s Total Middle East and Africa Trade Up To US$1.63 Trillion.
China-Middle East trade volume nearly doubled over the 2017 to 2022 period, from USD262.5 billion to USD507.2 billion, according to Chinese Customs data. China’s 2022 trade with the Gulf Cooperation Council (GCC) nations reached just shy of US$1 trillion…
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Tourism
US losing Billions in Tourism, Saudi Arabia biggest gainer
US Losing Billions in Tourism: Ranks 17th out of 18 Major Global Destinations. Saudi Arabia biggest gainer ranking now 13th.
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Brics vs G7
Russia Becomes #1 in Global Agriculture and Fertilizer Exports
While Western Famers Protest Government Policies, Russia becomes #1 Global supplier of Agriculture and Fertilizer 2023
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Political
US Representative Ilhan Omar states that El Salvador President Nayib Bukele is a threat to democracy
‘Squad’ member Ilhan Omar in spat with president of former ‘murder capital’ ahead of his re-election
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Technology
Elon Musk’s Neuralink Has Implanted Its First Chip in a Human Brain. What’s Next?
Billionaire technologist Elon Musk announced this week that his company Neuralink has implanted its brain-computer interface into a human for the first time. The recipient was “recovering well,” Musk wrote on his social media platform X (formerly Twitter) on Monday evening, adding that initial results showed “promising neuron spike detection”—a reference to brain cells’ electrical activity.
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Social Media
Zuckerberg says sorry for Meta harming kids—but rejects payments to families
During a Senate Judiciary Committee hearing weighing child safety solutions on social media, Meta CEO Mark Zuckerberg stopped to apologize to families of children who committed suicide or experienced mental health issues after using Facebook and Instagram.
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Political
Trump proposes building 10 ‘freedom cities’ and flying cars
Former President Donald Trump on Friday proposed building up to 10 futuristic “freedom cities” on federal land, part of a plan that the 2024 presidential contender said would “create a new American future” in a country that has “lost its boldness.”
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Political
Trump’s team reached out to RFK Jr. ‘early on’ about serving as VP: ‘Wouldn’t write it off’
People close to former President Trump made preliminary overtures to Robert F. Kennedy about the possibility of serving as his running mate, The Post has learned.
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Financial
Tesla Declines 200 Billion Dollars in One Month
Short sellers targeting Tesla have reaped considerable profits, making it the most lucrative U.S. short trade this year, according to data and analytics firm Ortex.
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Political
Russia listed first in military power by U.S. News. The Strongest Military Beating US. Is this true? Please comment.
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Global Trade
Amazon is taking half of each sale from its merchants
Grappling with slowing sales growth and rising costs, Amazon.com Inc. is squeezing more money from the nearly 2 million small businesses that sell products on its sprawling online marketplace.
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Megacity
Egypt Mega City New Capital
Egypt is preparing to spend billions doubling the size of a lavish new capital it is building in the desert 45 km (28 miles) east of Cairo, where the first residents are trickling in, the head of the company overseeing the project said.
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Global Trade
75 Percent of New Amazon Sellers Based in China. 45 Percent of the Top Sellers On Amazon Were Based In China
China-based sellers represented 75 percent of new sellers on Amazon in January, according to a report by Marketplace Pulse. This marks a significant increase from 47 percent in the previous year.
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Megacity
Amazing Engineering, How China Built Egyptian New Capital in Desert, Megacity Grows in the Desert
Amazing Engineering, How China Built Egyptian New Capital in Desert, Megacity Grows in the Desert The Chinese construction company that’s building Egypt’s New Administrative Capital in a desert outside of Cairo, regularly posts photos of the progress that’s being accomplished.
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Tourism
70 percent drop in Chinese tourism to US from four years ago, translating to more than $20 billion in lost revenue.
This year, fewer than 850,000 Chinese tourists are expected to visit the US, a drop of nearly 70 percent from four years ago, translating to more than $20 billion in lost revenue.
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Security
A Pentagon official said he resigned because US cybersecurity is no match for China, calling it ‘kindergarten level’
A senior cybersecurity official at the Pentagon said he quit because he thought it was impossible for the US to compete with China on AI.
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Global
US Hollywood movie revenues fall approx 800 percent in China
To date, around 83 percent of the 2023 Chinese box office revenue is contributed by domestic films, according to the film data platform Beacon. This year’s top 10 box office earners are all domestic films, and the American film “Fast X” ranks 12th with a box office revenue of 980 million yuan, the highest-ranking foreign film.
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Global Trade
Russia, World’s Biggest Supplier of Organic Food?
10 years ago, Russia imported almost half its food and depended on imports, but now it is an exporter – almost $20 billion dollars last year. That’s 25% more than Russia’s revenue from selling military equipment and a third of gas exports, reports RT.
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Global Trade
Russia: Full Ban on Food with GMOs
On June 29, 2016, the Federation Council of the Russian Federation Federal Assembly (the upper chamber of the legislature) adopted the Federal Law on Amending Legislative Acts of the Russian Federation in Regard to Improvement of State Control in the Field of Genetic Engineering
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Health
Almost half of the tap water in the US is contaminated with chemicals known as “forever chemicals”
There are more than 12,000 types of PFAS, according to the National Institutes of Health, but this study looked at only 32 of the compounds.
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Financial
Is Dubai the new New York?
Dubai wants to become a global hedge fund hub as star portfolio managers continue to flock to the emirate.
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Global News
Exclusive Global News Update with Mr. and Mrs. Beckmann
Flying Cars Are Here
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Technology
Chinese Scientists Are 3D Printing Ears and Livers – With Living Tissue
Researchers in China have been able to successfully print human organs using specialized 3D printers that use living cells instead of plastic.
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Technology
China quantum computers achieves a speed that is 10 quadrillion times faster in solving Gaussian boson sampling (GBS) problems compared with the world’s fastest supercomputers.
“according to the publicly disclosed optimal algorithm, the speed of Jiuzhang 3.0 in processing Gaussian boson sampling is one million times faster than its predecessor, the 133-photon-based Jiuzhang 2.0. Jiuzhang 2.0 could calculate the most complex sample in 1 microsecond, while the current fastest supercomputer Frontier would take more than 20 billion years to do the same calculation, according to the press release.”
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Technology
China has now become the top country to offer the fastest internet speed ever. This speed is over 10 times the current fastest internet connection in the US
As per a report by South China Morning Post, this network offers 1.2 Tbps, which is equal to 1200Gbps. It surpasses fastest internet in the US as it offers 400 Gbps 5G internet speed. It was revealed that this internet network was developed jointly by the Tsinghua University, China Mobile, HUAWEI and CERNET.com Corporation.
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Global News
Exclusive Global News Update with Mr. and Mrs. Beckmann
Have scientists discovered how to reverse aging?
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Global News
Free Preview of Exclusive Global News Update with Mr. and Mrs. Beckmann
USD$ Change Is Coming: News Update New Year 2024
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Technology
With help from Warren Buffett backing Chinese EV Car Company BYD, BYD Surges past Tesla, becomes worlds largest EV car company.
BYD’s goal is to boost the proportion of vehicles equipped with smart driving systems, currently at 57%, and plans to unveil more than 10 LiDAR-equipped models in 2024. Why It Matters: BYD last year outpaced Tesla in global EV sales. Tesla supporters assert that BYD’s sales are limited to low-priced battery EVs in China and that the company has yet to prove itself in Europe or North America.
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Global Trade
China Becomes World’s Number One Car Exporter
For the first time ever, China has become the world’s number one auto exporter. This is because China increased sales in Russia where carmakers of Western countries, including South Korea, have left the market and enjoyed a sharp increase in electric vehicle sales, which led to a spike in China’s car exports.
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Political
New Website tracks Congress Representatives Investments. They are making higher then expected returns. You can follow here….
Members of Congress are required to disclose their personal finances through financial disclosure procedures. Financial disclosure forms are filed annually and every time they or their families make a trade. These forms are made available to the public through the Office of the Clerk of the House of Representatives and the Office of the Secretary of the Senate. These forms are a key tool for promoting ethical conduct in Congress and are an important part of efforts to promote integrity and transparency in the legislative process.
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Wealth
The top 1% own 45% of all global personal wealth; 10% own 82%; the bottom 50% own less than 1%
Every year the CS global wealth report analyses the household wealth of 5.1 billion people across the globe. Household wealth is made up of the financial assets (stocks, bonds, cash, pension funds) and property (houses etc) owned. And the report measures this net of debt. The report’s authors are James Davies, Rodrigo Lluberas and Anthony Shorrocks. Professor Anthony Shorrocks was my university flatmate, where we both graduated in economics (although he has the much better mathematical skills!).
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Global Trade
Boeing losing China and Middle East plane market to China C919. Approx 10 billion globally in commercial plane orders…
China Eastern Airlines said on Thursday it will buy another 100 C919 airplanes in a deal worth $10 billion at list prices, in what would be the largest ever order for the jet made by the Commercial Aircraft Corporation of China (COMAC).
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Technology
China develops radioactive battery to keep your phone charged for 50 years
A Chinese startup claims to have developed a new battery that could power smartphones for 50 years without the need for charging.
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Technology
World’s Largest Port Uses 5G to Automate Shipping
Shanghai Port: How automated is it to handle 143,000 TEUs per day? The Shanghai port is the first in the world to utilize the fifth generation of fixed network technology in dock cooperation. The technology is a great improvement in bandwidth, speed, reliability and the number of connections, creating a safe and reliable channel for remote control of the port machinery. Currently, the automated container port has five remotely-controlled cranes, and an even larger plan for the future.
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Cryptocurrency
Cryptocurrency has the potential to revolutionize the world of international trade
While there are certainly challenges that need to be addressed, the benefits of using cryptocurrency as a payment method are undeniable. From reduced transaction costs and increased security to the potential for reduced currency risk, there is a strong case to be made for the use of cryptocurrency in international trade.
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Technology
TJ-FlyingFish drone flies through the air and ‘swims’ underwater
Chinese scientists have created a prototype drone that can move both in the air and underwater. The TJ-FlyingFish is fully autonomous and will be able to operate without human intervention.
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Global Trade
BRICS: UAE Ditches U.S. Dollar for Oil Trade
“The United Arab Emirates (UAE) is asking BRICS countries to settle oil trade in local currencies and not the U.S. dollar. The Middle Eastern nation is aiming to diversify its economic partnerships by renewing payment methods for oil trade deals. The UAE is approaching China, Russia, India, and Egypt, among other nations to pay local currencies for oil settlement and sideline the U.S. dollar. Read here to know how many sectors in the U.S. will be affected if BRICS stops using the dollar.
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Technology
ChatGPT creator OpenAI is working with the US military
ChatGPT creator OpenAI is working with the US military on several artificial intelligence projects after dropping a prohibition on the use of its technologies for “military and warfare” purposes, a company executive told Bloomberg on Tuesday at the World Economic Forum in Davos.
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Financial
40 More Countries Want to Join BRICS, Says South Africa
BRICS is seen as “a powerful force,” said Sooklal, who added that measured by purchasing power parity it now accounts for 31.7% of global GDP, having overtaken the G-7 — a forum of advanced democracies that includes the U.S.
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Financial
The share of global GDP using purchase-power parity from 1992 to 2028
“Further, Figure 1 depicts the share of global GDP using purchase-power parity from 1992 to 2028. The data show a continuous decline in the share of G7 nations, consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. The BRICS nations have shown a consistent rise in their share of the global GDP since 1992 and have outpaced the G7 nations since 2020.
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Political
20,000 American Scientists of Chinese descent leave the US (increase of 75%)
“The work reveals that nearly 20,000 scientists of Chinese descent who began their careers in the US have left for other countries, including China, between 2010 and 2021, a team at Princeton, Harvard and the Massachusetts Institute of Technology has found. ‘The migration has increased during those 12 years, from 900 scientists in 2010 to 2621 in 2021, with an accelerated departure rate (75% higher) in the last three years
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Financial
Africa’s Largest Economy Intends To Join BRICS in Next Two Years
“The African continent’s leading economic power has previously voiced its intention to join the BRICS bloc. However, for whatever reason, it did not submit an official application for membership before the group’s summit in South Africa last August, at the end of which, six new countries—Argentina, Egypt, Iran, Ethiopia, Saudi Arabia, and the United Arab Emirates—were invited to join.)
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Political
Trump wins historic landslide in Iowa caucuses as DeSantis edges Haley for second
“Trump set sky-high expectations for his performance ahead of caucus night, urging volunteers Sunday in Des Moines to “see if we can get to 50%” support — a bar no GOP candidate has ever cleared. With more than 90% of precincts reporting, Trump appeared poised to make history with 51% of the vote.”
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Technology
XPeng AeroHT unveiled its ‘Land Aircraft Carrier’ modular ground/air concept and debuted its eVTOL supercar for an international audience.
“At this week’s Consumer Electronics Show (CES) 2024 in Las Vegas, it was a Chinese company that stole the show with a pair of outlandish concepts that it terms “flying cars,” though the use of the term stretches the definition for one of them.
Manufacturer XPeng AeroHT, a subsidiary of Chinese automaker XPeng Motors, unveiled its “Land Aircraft Carrier,” a lunar rover-looking vehicle that actually consists of two vehicles”
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Financial
FY2023 Spending on Debt Interest Explodes to Exceed Defense
“With these new figures, total US debt stands at $33.6 trillion. The cost of servicing US debt rose to record heights—$879 billion, a $162 billion (23 percent) increase from FY2022 because of higher interest rates on the rising national debt. The cost of servicing the US debt is now larger than annual spending on appropriations for national defense.”
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Synthetic Biology
Young again
“It’s like rebooting a malfunctioning computer,” said Sinclair.
The therapy delivered a trio of genes — Oct4, Sox2, and Klf4, together named OSK — that are active in stem cells and can help rewind mature cells to an earlier state. (Sinclair’s lab used this cocktail to restore sight in blind mice in 2020.)
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City Planning
Saudi Arabia Unveils Design for the Mukaab, a Large-Scale Cube-Shaped Skyscraper in Riyadh
“The Saudi Arabian government has revealed the design for the Mukaab, a cube-shaped supertall skyscraper that will become the center of the New Murabba district in downtown Riyadh. The Mukaab aims to become the largest built structure in the world, measuring 400 meters in height, width, and length. The building will be situated in the North West of Riyadh, in a 19 square kilometers area that will become one of the largest downtown developments in the world. The Mukaab skyscraper and the Murabba district were announced by His Royal Highness Crown Prince Mohammad bin Salman bin Abdulaziz, Prime Minister and Chairman of the New Murabba Development Company (NMDC).”
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Financial
PayPal’s 80% Stock Plunge Hasn’t Soured Wall Street
“About two thirds of the more than 50 Wall Street firms covering the digital-payments company has a buy or equivalent rating on the shares, according to data compiled by Bloomberg. And not one has a sell, the data show, something that can’t be said of Apple Inc., Microsoft Corp., or even the latest market darling Nvidia Corp.
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Culture, Race, and Happiness Index (CRHI)
What is CRHI Index?
Culture, Race, and Happiness Index (CRHI) measures various factors related to culture, race, and happiness to assess the well-being and satisfaction of different demographic groups within a society. While specific metrics may vary, some common metrics used in the CRHI may include:
1. Subjective Well-being: This includes measures of life satisfaction, happiness, and overall well-being reported by individuals within different cultural and racial groups.
2. Economic Indicators: Metrics such as income levels, employment rates, poverty rates, and access to economic opportunities can provide insights into the economic well-being of different demographic groups.
3. Health Outcomes: Indicators related to physical and mental health, including life expectancy, disease prevalence, access to healthcare, and quality of healthcare services.
4. Educational Attainment: Measures of educational attainment, literacy rates, school enrollment rates, and access to quality education among different cultural and racial groups.
5. Social Inclusion: Indicators related to social cohesion, social capital, community engagement, and inclusivity within society.
6. Discrimination and Inequality: Metrics assessing the prevalence of discrimination, racism, prejudice, and systemic inequalities experienced by different cultural and racial groups.
7. Cultural Identity: Measures of cultural preservation, cultural participation, and the strength of cultural identity within different communities.
8. Environmental Factors: Indicators related to environmental quality, access to natural resources, and the impact of environmental factors on the well-being of different demographic groups.
These metrics are used to provide a comprehensive understanding of the cultural, racial, and happiness dimensions of well-being within a society and to identify areas for improvement and policy intervention.
The Culture, Race, and Happiness Index guidelines were originally created by the Sustainable Development Solutions Network (SDSN), which is a global initiative launched by the United Nations in 2012 to promote sustainable development.
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