economy•27 Dec ’22 at 13:35Author of the book: Remy Cook According to economist Edin Mujagic, if banks start borrowing during the Federal Reserve’s discount window, it’s a sign that something is happening. “When they get there to lend, the names of the banks are one of the Fed’s best kept secrets.” Edin Mujakic says Fed Chairman Jerome Powell has seen …
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Newspaper: FTX founder Bankman-Fried innocent
Photo: ANP Sam Bankman-Fried, the founder of bankrupt crypto exchange FTX, does not want to plead guilty if he has to appear in court for the first time next week. The American newspaper Wall Street Journal writes based on insiders. Bankman-Fried is suspected of fraud among others. He was arrested in the Bahamas after FTX went bankrupt and later surrendered …
Read More »Zimbabwe bans export of lithium, key raw material for Green Revolution
A welder at a lithium mine in Goromonzi, Zimbabwe.Good pictures The Zimbabwean government believes that with its lithium mines operating at full capacity, the country can meet 20 percent of the world’s lithium demand. At the moment, the country in South Africa is losing billions because it only exports raw lithium and not the final product. Lithium is used to …
Read More »500 richest people to lose 1.4 trillion dollars in 2022 – Wel.nl
The 500 richest people in the world became 1.4 trillion dollars less rich this year, which is equivalent to 1300 billion euros. It shows figures from the financial magazine and data firm Bloomberg, which maintains a list of the richest people. Frenchman Bernard Arnold, CEO of luxury group LVMH, has been at the top for weeks. Arnold replaced Elon Musk …
Read More »Bahamas – $3.5 billion crypto from FTX captured by BLOX
Bahamas seizes $3.5 billion in crypto after FTX’s bankruptcy Regulators say they are holding the crypto with the intention of returning it to defrauded investors if the court decides. FTX Digital Markets in the Bahamas It’s about cryptocurrency, a division of crypto exchange FTX, FTX Digital Markets (FTXDM) based in the Bahamas. Most of FTX’s top executives live (or used …
Read More »European electric cars could be subsidized in the US
Photo: ANP European automakers can still use US subsidies for electric cars. These subsidies are given by US politicians only to cars manufactured in the US. But if non-U.S. manufacturers import cars and lease them to customers, those customers can still receive a subsidy of up to $7,500. This was announced by the US Treasury Department on Thursday. Subsidies for …
Read More »UN: Afghanistan’s humanitarian aid at risk after ban on women’s work
In a joint statement, the UN and other aid agencies said women’s participation in aid programs was “non-negotiable”: “Preventing women from participating in development assistance has direct, life-threatening consequences for all Afghans.” Exclude half the population “We will do our best to continue the life-saving work, but consider that we may have to stop many operations without the use of …
Read More »Dollar steadies as China reopens cautiously
After China lifted its quarantine rule for incoming travelers from January 8, countries such as the US, Japan and India have said travelers from China will be required to undergo a COVID test. The pace at which the country has gradually lifted Covid rules has overwhelmed the country’s fragile health system and fueled concerns about the spread of the virus. …
Read More »PVV Targets ‘Mass Attack’
Geert Wilder’s Party for Freedom (PVV) was the target of a cyber attack on Tuesday evening. Internet users who visited the website received an error message. The site was back up and running around 4:30am this morning. says party leader Wilders Twitter. DDoS attacks from abroad disable the PVV website for hours Most details about the ‘massive’ cyber attack are …
Read More »George Santos, a future Republican congressman, often fudges the truth
Santos has now admitted that he lied about some of the controversial reports, including to an American newspaper New York Post. For example, he said during the campaign that he worked at top financial firms such as Goldman Sachs and Citigroup. Meanwhile, he admits that he did not actually work for those companies but did business with them in his …
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