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Information Technology

US indicts Chinese, Taiwanese firms for trade espionage

The US Justice Department indicted two companies based in China and Taiwan and three individuals saying they conspired to steal trade secrets from US semiconductor company Micron relating to its research and development of memory storage devices. Source: Al Jazeera

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November 2, 2018 by The Board

Japan Digital Currency Exchange Hacked, Losing $60 Million

A Japanese digital currency exchange has been hacked, and 6.7 billion yen ($60 million) worth of cryptocurrencies are gone. Source: The New York Times

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September 20, 2018 by The Board

Google Disables Dozens Of YouTube Channels Allegedly Spreading Iranian Propaganda

Google says it has disabled dozens of YouTube channels and other accounts linked to an Iranian state broadcaster that it said was running a political influence campaign. Source: Radio Free Europe

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August 24, 2018 by The Board

Google to Be Fined Record $5 Billion by EU Over Android

Google was fined 4.3 billion euros ($5 billion) by the European Union and ordered to change the way it puts search and web browser apps on Android mobile devices, setting a global record for antitrust penalties. Source: Bloomberg

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July 18, 2018 by The Board

Apple launches $100bn buyback and lifts dividend

Apple launched a new $100bn share buyback scheme and lifted its dividend by 16 per cent, as it reported a 30 per cent jump in earnings and issued a confident outlook for iPhone sales in spite of concerns of a slowdown. Source: Financial Times

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May 2, 2018 by Board

EU clears landmark trade agreement with Japan

Cheaper Japanese cars and European cheese are on the way as the EU’s trade agreement after the European Commission announced on April 18 that it had cleared the way for an Economic Partnership Agreement with Tokyo. Source: New Europe

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April 20, 2018 by Board

Russia blocks Google, Amazon IP addresses in bid to ban Telegram

Russia’s state communications regulator on Tuesday said it had blocked IP addresses owned by Google and Amazon, saying they were being used by the Telegram messaging service which Moscow moved to ban this week. Source: CNBC

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April 18, 2018 by Board

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GEOPOLITICAL

Pakistan parliament to consider French envoy’s expulsion after anti-France protests

Pakistan’s Parliament is expected to consider a resolution on Tuesday about whether the French envoy should be expelled over the publication of controversial cartoons depicting Islam’s Prophet, testing whether the government gives in to threats from radical Islamists. Source France24

April 20, 2021 by The Board

Greece recognises Sputnik V as ‘equivalent’ to European vaccines

Greece recognises Sputnik V as ‘equivalent’ to European vaccines. Greece will recognise Russia’s Sputnik V vaccine in its vaccination certificate, making it easier for Russian tourists to travel and spend their summer holidays in Greece. Source Euractiv

 

April 20, 2021 by The Board

Taiwan To Begin 24/7 Simulation of Chinese Invasion

Taiwan’s largest annual military exercise will begin in earnest this week, with the country using sophisticated software to simulate a full-scale enemy invasion and gauge its reaction to a worst-case scenario lasting eight days. Source Newsweek

April 20, 2021 by The Board

Saudi and Iran held talks aimed at easing tensions, say sources

Saudi and Iranian officials held direct talks this month in a bid to ease tensions between the two foes, a senior Iranian official and two regional sources said, as Washington works to revive a 2015 nuclear pact with Tehran and end the Yemen war. Source Reuters

April 19, 2021 by The Board

Taiwan ‘in the process’ of seeking long-range cruise missiles from US

  • Defence official says the self-ruled island is looking to acquire Lockheed Martin’s AGM-158
  • Beijing has ramped up pressure as it tries to force Taipei to accept its claims of sovereignty
April 19, 2021 by The Board

Ukrainian railways is out of fuel; diesel’s amount enough for four days

Ukrzaliznytsia (Ukrainian railways) stated about the deficit of fuel. The rest amount of diesel is enough for four days as Ukrzaliznytsia reported.

“Ukrzaliznytsia has two contracts on the supply of 10,000 tons of diesel fuel. Meanwhile, due to the refusal of the suppliers to load out fuel on the contracts, the company owns a stockpile for four days,” the message said.

However, the company noted that currently, the work is held on ‘provision of stable work of the railroad transport’, the company controls the situation and has a firm plan for the provision of necessary volume of fuel soon. Source 112 UA

April 19, 2021 by The Board

First-time drone attack in Erbil seen as Iranian test of US, Kurdish response

The strike on US military base at Erbil airport with the use of a drone is a cunning test by Iran and its allied militias in Iraq of the willingness of the US to step up its response after such assaults, analysts say.

The drone attack which late Wednesday hit a previously safe area far from the reach of the pro-Iranian militias’ missiles, is also seen as a test of the Kurds, and specifically whether they themselves will respond to the strike. Source The Arab Weekly

April 16, 2021 by The Board

France: Épinay-sur-Seine: Police and firefighters ambushed

The police and firefighters fell into an ambush this Tuesday evening in Épinay-sur-Seine (Seine-Saint-Denis). Many individuals attacked them. The officials responded with tear gas in particular. Source Actu17

April 14, 2021 by The Board

Denmark strips Syrian refugees of residency permits and says it is safe to go home

Denmark has become the first European nation to revoke the residency permits of Syrian refugees, insisting that some parts of the war-torn country are safe to return to.

At least 189 Syrians have had applications for renewal of temporary residency status denied since last summer, a move the Danish authorities said was justified because of a report that found the security situation in some parts of Syria had “improved significantly”. Source The Guardian

April 14, 2021 by The Board

Denmark halts AstraZeneca vaccination indefinitely

Denmark will stop using the AstraZeneca COVID-19 vaccine altogether because of suspected rare but serious side effects. Meanwhile, South Korea reported its highest case count in three months. Follow DW for the latest. Source DW

April 14, 2021 by The Board

NATO allies agree to leave Afghanistan following US move

NATO allies on Wednesday agreed to wind down their operations in Afghanistan, after President Joe Biden’s administration announced all US troops would leave the country by September 11. The US invaded Afghanistan in 2001 following the 9/11 attacks by jihadist organization al-Qaida, with other NATO countries also deploying military forces to the South Asian country. Source DW

April 14, 2021 by The Board

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FINANCIAL

China’s growth surges to 18.3% but rebound leveling off

China’s economy grew by double digits in the latest quarter but an explosive rebound from the coronavirus pandemic is slowing abruptly as manufacturing and consumer spending return to normal. Source AP

April 19, 2021 by The Board

US National Debt Passes $28 Trillion, +$4.7 Trillion in 13 Months. General Treasury Account Down by $480 Billion in 2 Months, $620 Billion to Go

It finally happened, that glorious moment, when, after teetering on the verge for weeks – for reasons we’ll get into shortly – the incredibly spiking US gross national debt, after kissing the line a couple of times for a moment, finally, and suddenly by a big leap, jumped over the $28-trillion mark, with a $143-billion leap in one day on Wednesday, March 31, following some big Treasury sales. Source Wolfstreet

April 8, 2021 by The Board

Russia’s Akademik Cherskiy pipelaying vessel arrives at Nord Stream 2 construction site

The Russian Akademik Cherskiy vessel has arrived at the construction site to lay pipes for the Nord Stream 2 gas pipeline project, Nord Stream 2 AG, project operator company, told reporters. Source Tass

March 31, 2021 by The Board

Investors in UK government bonds suffer worst quarter for two decades

Holders of UK government bonds are suffering the worst quarter in at least two decades as Britain’s economic prospects brighten, setting a contrast with the eurozone where a more sputtering recovery from the coronavirus crisis is helping haven assets hold their value. Source FT

March 25, 2021 by The Board

Cold weather chills new U.S. home sales; current account deficit soars in 2020

 Sales of new U.S. single-family homes fell to a nine-month low in February amid bitterly cold weather, and expensive lumber and rising mortgage rates could cool the housing market this year.  Separately on Tuesday, the Commerce Department said the current account deficit, which measures the flow of goods, services and investments into and out of the country, surged 34.8% to a 12-year high of $647.2 billion in 2020 as the pandemic severely disrupted exports. Source Reuters

March 24, 2021 by The Board

Turkish lira falls 15% after bank governor sacked

Turkey’s currency tumbled as much as 15% after President Recep Tayyip Erdogan sacked the country’s central bank governor over the weekend. Naci Agbal had been credited as a key force in pulling the lira back from historic lows. Source BBC

March 24, 2021 by The Board

10-year Treasury yield climbs above 1.7% for 14-month high, 30-year rate briefly tops 2.5%

  • The Fed expects core inflation to hit 2.2% this year, but has a long-run expectation of it sticking around 2%.
  • The U.S. central bank also indicated that it didn’t plan to hike interest rates through 2023 and that it would continue its program of buying at least $120 billion of bonds a month.
  • Guy LeBas, chief fixed income strategist at Janney Montgomery Scott, described the move in yields as a “belated overreaction” to the Fed’s projections and Jerome Powell’s statements on Wednesday.  Source CNBC
March 18, 2021 by The Board

Nord Stream 2: US warns companies to ‘immediately abandon work’

The US State Department called for companies to cease activity on the controversial pipeline or face sanctions. The US has slammed the project as a Russian plan to “divide Europe and weaken European energy security.” Source Deutsche Welle

March 18, 2021 by The Board

EU Nokia to cut up to 10,000 jobs over next two years

Nokia on Tuesday (16 March) announced plans to cut up to 10,000 jobs within two years to trim costs and invest more in research capabilities, as the Finnish telecoms group seeks to step up its challenge to Sweden’s Ericsson and China’s Huawei, write Supantha Mukherjee and Essi Lehto. Source EU Reporter

March 18, 2021 by The Board

China’s economic activity data soars a year after lockdown

  • Industrial production jumped 35.1% in the January-February period from a year earlier, compared with a median estimate of 32.2% in a Bloomberg survey of economists.
  • Retail sales climbed 33.8% in the period, versus a forecast of 32%.
  • Fixed-asset investment rose 35%, well below a projection of 40.9%.
  • The jobless rate was 5.5% at the end of February, up from 5.2% in December.
  • The CSI 300 Index pared an earlier loss of as much as 1.5% after the data dump to trade 0.8% lower as of 10:25 a.m. in Shanghai.
  • The yuan was little changed in both onshore and offshore markets. Source Japan Times
March 15, 2021 by The Board

Italy’s national debt over 155 pct of GDP in 2020: ISTAT

Pushed by drastically increased public spending and a record-setting economic slowdown due to the Covid-19 pandemic, Italy’s national debt ratio surged last year, reaching 155.6 per cent of the country’s GDP, authorities said. Data issued on Tuesday by the country’s National Statistics Institute (ISTAT) revealed that the national debt in 2020 totalled 2.57 trillion euros ($3 trillion), Xinhua news agency reported. Source Menafn

March 11, 2021 by The Board

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Gefira tracks the global players in Europe, the USA, Russia and China and anticipates the consequences of their policies

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Europe's geopolitical situation resembles that of 1913.

The enlargement of the European Union to the east, Germany's Ostpolitik, economic power and its reluctance to align its policy with France's and Italy's make the break-up of the Union unavoidable. While Germany is gaining a status of a financial superstar, German society is starting to disintegrate.

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