Russian President Vladimir Putin said that the main gas pipeline to Europe “Nord Stream”, which has been suspended, “will resume supply tomorrow if there is a turbine. However, Western countries are blocking everything.” He blamed the West for it. Speaking at the Eastern Economic Forum in Vladivostok, Putin said Nord Stream was “virtually” closed. British … Read more
The U.S. Treasury Department maintained a cautious stance on foreign exchange intervention to stop the yen from plummeting. The yen continues to hit its lowest level since 1998 against the dollar. U.S. Treasury Department spokeswoman Gwynne was asked on Thursday whether the Treasury Department’s stance had changed since Yellen’s July visit to Japan to discuss … Read more
The Institute for Supply Management (ISM) released the non-manufacturing headline index in August, rising from the previous month to a four-month high. While business conditions and new orders improved, pricing pressure continued to decline. Key Point Non-manufacturing headline index for August was 56.9 Up from 56.7 in the previous month Economists’ median forecast fell to … Read more
In the foreign exchange market on the 6th, the yen expanded its decline. Against the US dollar, it was at the 143 yen level at one point, marking the first time in 24 years that the yen has depreciated. It is the biggest drop among major currencies. The dollar gained broadly on the back of … Read more
Chinese officials have accused U.S. intelligence agencies of hacking the Northwest Institute of Technology in Xi’an, Shaanxi Province, which runs an aerospace research program. of the National Computing Disease Control CenterstatementAccording to the US National Security Agency (NSA)hacking department“Tailored Access Operations (TAO)” carried out a cyberattack on the Northwest Institute of Technology. In June, an … Read more
The state of California is on the verge of implementing rolling blackouts due to increased strain on the power grid due to the heat wave. The Independent Grid Operator (CAISO), which manages the state’s power grid, issued an “Energy Emergency Alert (EEA) 2” on the night of the 6th, one step before the forced blackouts … Read more
Russia could face a longer and deeper recession amid the growing impact of U.S. and European sanctions, an internal memo prepared for the Kremlin has revealed. The document, which officials and experts spent months putting together in an attempt to accurately determine the impact of the isolation of Russia’s economy from the invasion of Ukraine, … Read more
Peanuts harvested by Chinese farmers are empty. Extreme weather has wreaked havoc on the country’s crop harvest. Barren, shelled peanuts are the result of alternating droughts and excessive rainfall during the critical planting and growing season. Farmers are already reducing their acreage, a blow to China, the world’s largest peanut producer. Analysts say the poor … Read more