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With Both Small and Large Banks in Trouble, Will China’s Debt Crisis Blow Up?
A banking crisis in China’s Henan Province has seen hundreds of thousands of people unable to access their bank accounts since mid-April.  The four banks in question, located in Henan and neighboring Anhui Province, attracted...
A US railway strike may launch on July 18 unless Joe Biden intervenes, which would put him at odds with the unions ahead of the October primaries.
A US Railway Strike Is Two Days Away, Unless Biden Intervenes
The United States may face an immediate and severe crisis if a looming strike by railway worker unions that could come into effect as early as 12:01 a.m. on Monday, July 18, if not intervened...
Bitcoin miners and Tesla drivers were asked to power down during the current Texas heatwave and its accompanying electricity crisis.
Crypto Miners, Tesla Drivers, Asked to Power Down Amid Texas Electricity Crisis, Heat Wave
The Texas power authority has asked businesses, which includes some of the largest crypto mining operations in the industry, to power down amid a heatwave that’s spawned an energy crisis. Tesla owners were also asked...
Residents in China’s Henan Province Lose Access to Bank Accounts, Face Off With Police
Droves of angry protesters took to the streets in China’s Henan Province on July 10 after their bank accounts were frozen overnight without explanation.  The incident has fueled a public outcry as desperate customers demand...
China Technology Companies Fined
Alibaba and Tencent Stocks Plunge After Latest Fines
HONG KONG (AP) — Shares of Chinese technology firms Alibaba and Tencent fell sharply on Monday, July 11, a day after Chinese regulators fined their subsidiaries for not disclosing transactions and failing to comply with...
Financial Markets Wall Street
US Stocks Waver as Earnings Reports for Companies Begin
NEW YORK (AP) — Stocks wavered in morning trading on Wall Street Tuesday, July 12 as traders brace for a big week of news on inflation and company earnings reports. The S&P 500 fell 0.3%...
China Experiencing Worst Capital Flight in 7 Years, Manufacturers Also Hit Hard
Reeling from unrelenting COVID lockdowns, travel restrictions and movement curbs, China’s national economy and over 20 other emerging national markets are seeing the worst capital exodus in seven years, according to several expert analyses. One...
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Cut Off From Russian Gas, Bulgaria Opens New Pipeline Via Greece
ATHENS, Greece (AP) — The leaders of Greece and Bulgaria on Friday, July 8 inaugurated a new pipeline that will supply natural gas from Azerbaijan to Bulgaria, whose vital supply of Russian gas was cut...
The Biden Admin sold some of the US SPR to the CCP amid the energy crisis and inflation.
Biden Admin Selling US Oil Reserves to China, Europe Amid Energy Crisis
The Joe Biden Administration has drained the U.S. Strategic Petroleum Reserve (SPR) to its lowest levels in 35 years amid a gasoline and diesel price crisis that serves as a crucial driver of record inflation,...