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Donald Trump delivered a scathing rebuke of Vladimir Putin after Russia launched a massive drone and missile assault on Ukraine, despite Trump’s recent call for a ceasefire. The former U.S. President stated that the Russian leader has “completely lost his mind.”
Speaking from the White House via Truth Social, Trump said that although he once had a “strong and very good relationship” with Putin, he now believes the Russian president has gone mad. He also blamed Ukrainian President Volodymyr Zelensky and President Joe Biden for fueling the conflict.
“This is a war that would have never started if I were in office. This is Putin’s, Zelensky’s, and Biden’s war — not mine,” Trump emphasized.

Ceasefire Broken: 250 Drones and 14 Missiles
Just days after Trump’s proposal for a 30-day ceasefire, Russia launched a coordinated attack on Kyiv and other Ukrainian cities. According to reports, 250 drones and 14 ballistic missiles were deployed. Ukrainian defenses reportedly intercepted nearly 100 of them.
Zelensky responded with a strong statement, asserting that Moscow is intentionally prolonging the war. He also called on global leaders to intensify economic sanctions against Russia.

💰 One-Third of Russia’s Budget Now Classified
Russia is increasingly hiding its federal expenditures behind a veil of secrecy. Analysts estimate that roughly 29% of Russia’s current budget—amounting to about $152 billion—is now classified. These funds are likely being funneled into military operations and infrastructure in occupied territories.
Experts warn that revealing these figures could prompt further sanctions, which is why the Kremlin is keeping the expenditures hidden from public view.

🌍 Diplomatic Efforts Struggle as Talks Falter
Trump’s administration, led by his Secretary of State Marco Rubio, continues to push for a diplomatic resolution. Speaking in the Senate, Rubio stated that the U.S. is still providing military support to Ukraine while attempting to maintain a dialogue with Russia.
However, efforts at negotiation appear to be collapsing. Putin did not attend the recent Istanbul talks in person, instead sending a low-level delegation to meet with Rubio.
In Washington, Senators Lindsey Graham and Richard Blumenthal introduced a new bill backed by 81 senators. It warns that if Russia refuses to negotiate in good faith, the U.S. will respond with severe sanctions, including a 500% tariff on any country—including China—that continues to buy Russian oil, gas, or uranium.

Lavrov Pushes Back: Ukraine Needs a “Legitimate Government”
Russian Foreign Minister Sergey Lavrov responded by stating that peace will only be possible once Ukraine has a “legitimate” government. He reiterated Moscow’s position that Ukraine is a historical part of Russia and accused Zelensky’s administration of being run by “extremist elements and corruption.”

#TRUMP , #putin , #Geopolitics , #worldnews , #USPolitics

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The U.S. dollar continues to weaken, heading for its fifth consecutive monthly loss, while Asian stock markets are falling. The main reason is market uncertainty following Donald Trump's surprising decision to postpone tariffs on EU goods until July 9.
In contrast, U.S. stock futures reacted positively — investors see the delay as an opportunity for further negotiations and easing of global trade tensions.

📉 Asian Markets in the Red, U.S. Futures Climb
Mixed sentiment in Asia led to modest declines in major indexes:

🔹 MSCI Asia ex-Japan Index fell 0.17%

🔹 Japan's Nikkei dropped 0.15%

🔹 Indexes in China and Hong Kong remained nearly flat

Meanwhile, U.S. futures moved higher:

🔹 Nasdaq rose 1.26%

🔹 S&P 500 gained 1.11%

🔹 UK’s FTSE increased 0.94%, despite London markets being closed on Monday

🗣 Trump Shakes Markets, Nvidia Draws Attention
According to analyst Tony Sycamore, the tariff delay was positive for risk assets, but the real drivers of the week are Nvidia’s upcoming earnings and month-end portfolio rebalancing.
Nvidia is set to release its quarterly earnings on Wednesday, with analysts expecting a nearly 66% revenue increase driven by soaring demand for AI chips.

💵 Dollar Under Pressure: Investors Seek Alternatives
The U.S. dollar continues to slide, on track for its longest monthly losing streak since 2017.

🔹 The euro remains near a one-month high at $1.14

🔹 The Japanese yen strengthened to 142.18 per dollar

Economist David Meier from Julius Baer warns that a weaker dollar may become the new normal, blaming:

🔹 Unclear U.S. policy

🔹 Rising national debt

🔹 Twin deficits (budget and trade)

🏦 Central Banks Meet, Gold Holds, Oil Slips
Markets are awaiting signals from central bankers. In Japan, the Bank of Japan has kicked off a two-day conference attended by global central bank officials to discuss inflation and economic growth.

Meanwhile, investors are shifting focus to other assets:

🔹 Gold trades slightly lower at $3,332.91/oz

🔹 Oil declines on fears that OPEC+ may boost production

– Brent: $64.67/barrel

– WTI: $61.43/barrel

#Tariffs , #TRUMP , #dollar , #MarketVolatility , #worldnews

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Honestly, this is wild. Just days after Donald Trump proposed a 30-day ceasefire in the Russia-Ukraine war, Putin launched a brutal drone and missile attack on Ukrainian cities. Trump didn’t hold back — he called Putin “completely insane” and made it clear he’s had enough.
Speaking on Truth Social, Trump said he once had a strong relationship with Putin, but now he believes the Russian president has gone off the rails. He also pointed fingers at Ukrainian President Volodymyr Zelensky and U.S. President Joe Biden.
> “This is a war that would have never started if I were in office,” Trump said. “This is Putin’s, Zelensky’s, and Biden’s war — not mine.”
250 Drones and 14 Missiles: Ceasefire Collapsed
The ceasefire didn’t even last a full week. Russia launched a coordinated assault using 250 drones and 14 ballistic missiles, hitting Kyiv and several other Ukrainian cities. Ukrainian forces reportedly intercepted nearly 100, but the damage was still severe.
Zelensky responded quickly, accusing Russia of deliberately dragging out the war. He also called on world leaders to impose stronger economic sanctions.
Russia Hiding Its Spending – Nearly a Third of Budget Now Classified
In another twist, analysts estimate that about 29% of Russia’s federal budget — around $152 billion — is now classified. That’s a massive chunk of money that’s likely going toward military operations and infrastructure in occupied areas. The Kremlin is clearly keeping these numbers hidden to avoid triggering more sanctions.
Diplomacy Falling Apart
Trump’s team, led by Secretary of State Marco Rubio, is still pushing for diplomacy. Rubio confirmed that the U.S. is supplying Ukraine with weapons but is also trying to maintain a line of communication with Moscow.
That said, peace talks are looking bleak. Putin didn’t even attend the latest Istanbul meeting in person — he sent a low-level delegation instead, which says a lot.
Meanwhile, U.S. Senators Lindsey Graham and Richard Blumenthal introduced a new bill backed by 81 senators. The bill threatens a 500% tariff on any country — including China — that keeps buying Russian oil, gas, or uranium if Russia refuses to come to the table in good faith.
Lavrov Hits Back: Ukraine Needs a "Legitimate Government"
Russian Foreign Minister Sergey Lavrov responded with a harsh statement, claiming that peace can only happen once Ukraine has a “legitimate government.” He repeated Moscow’s narrative that Ukraine is historically Russian and that Zelensky’s administration is full of extremists and corruption.
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#Trump #Putin #Geopolitics #WorldNews #USPolitics
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$TRUMP

Europe could be on the brink of an economic boom driven by digital money – instead, it’s tying itself in regulatory knots. Mario Draghi is clear: the European Union is making its own journey toward a modern digital economy unnecessarily difficult. One of the biggest obstacles? Excessively strict rules on stablecoins.

🔹Digital Money That Could Supercharge GDP
Stablecoins – cryptocurrencies pegged to real currencies like the euro or the dollar – are not just a technological gimmick. They represent a revolutionary way to send money, trade, and lend instantly, securely, and cheaply – without intermediaries. They're "programmable cash" that could dramatically increase the efficiency of financial systems across Europe.
With stablecoins, migrant workers could send money home in seconds for a few cents. Startups could raise capital instantly via digital channels. Everything would run on blockchain – transparent and free from bureaucratic delays.

🔹Europe Has the Tools – But Blocks Its Own Path
The EU has had a legal framework for digital money – called electronic money – for over 20 years. Instead of expanding this well-established system to embrace blockchain, it buried it under new red tape. The new MiCA regulation (Markets in Crypto-Assets) officially treats stablecoins as electronic money but simultaneously adds burdens that hamper their growth.

🔹MiCA Favors Banks Over Innovation
The biggest problem? Under MiCA, stablecoin issuers must hold at least 30% of customer funds with banks – and share their revenue with them. In other words: banks profit even when they play no real role in the system.
This makes stablecoins unnecessarily expensive, slows innovation, and shifts risk back into the banking sector. Worse, it directly contradicts the original electronic money directive, which was designed to support competition and a level playing field. MiCA does the opposite: it favors traditional banks over tech firms.

🔹What Europe Should Do
While the U.S. is preparing a stablecoin law to support the digital dollar, the EU is hampering its own fintech ecosystem – even though it already has the knowledge and legal infrastructure to lead. What can Europe do?
🔹 Remove unnecessary blockchain-specific bureaucracy in MiCA.

🔹 Give fintech firms the same access to payment systems as banks.

🔹 Allow euro stablecoin issuers to connect directly to the European Central Bank.

This would level the playing field and unlock the huge innovation potential of Europe’s on-chain economy. As Draghi rightly said: it's time for a radical change in mindset.

#Stablecoins , #DigitalFinance , #Regulation , #worldnews , #Eu

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The situation in Ukraine is escalating rapidly – Russian attacks have continued for a second consecutive night, and the world is searching for an appropriate response. Former U.S. President Donald Trump has now stepped in with sharply critical comments about Vladimir Putin, suggesting that new sanctions against Moscow are on the table.

🔹 Trump Upset: "Putin Is Killing People – This Isn’t the Man I Used to Know"
Speaking to reporters in New Jersey, just before boarding Air Force One, Trump openly expressed frustration with Russia’s ongoing aggression. "I don’t know what the hell happened to Putin. We always got along, but now he’s sending missiles into cities and killing innocent people – I don’t like it at all," he said.
His remarks came after a fresh wave of Russian missile and drone strikes hit Ukrainian cities overnight, killing at least 12 people, according to Ukrainian officials. In response, President Volodymyr Zelenskyy renewed his urgent call for stricter sanctions against Moscow.

🔹 Sanctions on the Table: U.S. Rethinking Its Strategy as UK and EU Take the Lead
Until recently, U.S. pressure had focused more on urging Ukraine to seek a path to peace. But after the deadly escalation, Trump admitted he is seriously considering new sanctions, potentially targeting Russia’s oil trade or the state energy giant Rosneft.
Meanwhile, Europe isn’t waiting – the UK and EU have imposed sanctions on 100 new targets, including military suppliers, financial networks, and pro-Kremlin disinformation operations.

🔹 London Strikes Hard: Disinformation, Finance, and the “Shadow Fleet” Under Fire
Among the newly sanctioned entities is the notorious Social Design Agency, accused by London of spreading chaos and lies across Europe. Also blacklisted are 46 Russian financial institutions, allegedly helping the Kremlin evade global sanctions – including the Saint Petersburg Currency Exchange and the Russian Deposit Insurance Agency.
Furthermore, 18 vessels were sanctioned from Russia’s so-called "shadow fleet", which is used to bypass Western oil export restrictions.
UK Foreign Secretary David Lammy once again urged Moscow to agree to a full and unconditional ceasefire. He warned that any delay in peace talks would only strengthen the West’s resolve to support Ukraine and tighten sanctions.

🔹 Washington Under Pressure: Europe Urges U.S. to Join Sanctions Effort
British Prime Minister Keir Starmer, along with top EU leaders, has called on Washington to step up and join in imposing stricter sanctions. Their goal is a unified front against Putin’s regime, which Western powers say has lost all moral restraint.
Europe is also working with international partners to lower the $60-per-barrel price cap for Russian oil, aiming to cut off more of Moscow’s revenue streams.

🌍 What’s Next?
Trump’s statement that he “doesn’t know what the hell happened to Putin” signals a shift in tone from the U.S. camp. The question now is whether America will follow through with tougher measures, or remain focused on diplomatic pressure.

#TRUMP , #putin , #TradeWars , #worldnews , #Geopolitics

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While electric vehicle (EV) sales in Europe continue to rise, American carmaker Tesla is facing a dramatic decline. In April, Tesla’s registrations across Europe dropped by 49% year-over-year, putting a damper on the overall EV market growth — despite total battery electric vehicle sales jumping nearly 28%.

📉 EU Car Sales Fall for the Fourth Consecutive Month

The European car market is struggling — in April, new car registrations in the EU fell by 1.2%, marking the fourth month of decline in a row. The silver lining remains electrified vehicles, which now make up more than half of all newly registered cars.

🔹 BEVs (Battery Electric Vehicles): +26.4%

🔹 PHEVs (Plug-in Hybrids): +7.8%

🔹 HEVs (Hybrids): +20.8%

In total, electrified models accounted for 59.2% of new car registrations in April, up from 47.7% the year before.

📉 Tesla in Trouble: Model Y Facelift Fails to Impress

Despite updating its key Model Y, Tesla is failing to win over European consumers. The numbers are clear — the company’s deliveries in Europe dropped by 49% year-over-year, and its market share shrank from 1.3% to just 0.7%.

This decline marks the fourth consecutive monthly drop in Tesla’s European sales. Continued price cuts across the region signal mounting pressure from aggressive Chinese competitors. Moreover, some buyers are turning away from Tesla due to Elon Musk’s political statements.

📊 While Tesla Falls, Other Brands Surge

ACEA data shows that overall car sales in Europe (including the EU, UK, and EFTA) fell to 1.07 million units in April after a modest rise in March. Some brands, however, saw notable growth:

🔹 SAIC Motor (China): +24.5%

🔹 Mitsubishi: +22.1%

🔹 Mazda: –24.5%

📦 European Carmakers Under Growing Pressure

European automakers are facing multiple challenges — sluggish demand, trade uncertainty, and looming U.S. import tariffs. Despite a recent easing of tensions between Washington and Beijing, the sector remains clouded by uncertainty. According to Reuters, carmakers are under pressure to cut local costs and may need to scale back production, putting jobs at risk.

🌍 Diverging Trends Across EU Member States

The situation varies significantly across the EU’s major markets:

🔹 Spain: +7.1%

🔹 Italy: +2.7%

🔹 Germany: –0.2%

🔹 France: –5.6%
Europeans are buying more EVs due to stricter emissions rules and lower prices, but overall market weakness, trade tensions, and the threat of factory closures continue to cast a shadow over the industry.

#Tesla , #stockmarket , #ElonMusk , #worldnews

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The economic storm of 2025 is driving both institutional investors and everyday savers to seek safety—and many are turning to gold. Fears of inflation, growing debt, and geopolitical uncertainty are pushing demand for physical gold and bullion to new heights.

🔹 Gold Shines Again—Literally

Gold prices have soared by roughly 25% this year, easily outperforming the S&P 500, which is down about 1% since January. Investors see gold as an insurance policy in uncertain times. According to the World Gold Council, global demand for gold bars rose 13% year-over-year in Q1 2025, reaching 257 metric tons.

🔹 From Investors to Preppers: Gold Attracts Everyone

Renowned investor Marc Faber, nicknamed “Dr. Doom,” has publicly stated that 25% of his portfolio is in gold. His clients are following suit, allocating a significant portion of their wealth to the precious metal. Some are even preparing for worst-case scenarios, opting to store physical gold at home.
Gold dealer Genesis Gold Group has reported a surge in demand, especially from so-called “preppers.” The company even introduced a special “prepper bar”—a gold bar designed to break into smaller pieces, making it easier to trade in a crisis.
📦 70% of customers now demand to take physical gold home—compared to just 20% in previous years

🔹 Google Searches and Market Panic

Searches for the term “gold bars” on Google have spiked during major events—such as the announcement of tariffs on Canada and Mexico or when Moody’s downgraded the U.S. credit rating. Fears of a recession, geopolitical conflict, and national debt are fueling the trend.

🔹 Trump’s Tax Law and Tariff Plans as Catalysts

Gold received another boost when President Trump introduced his new tax plan and announced 50% tariffs on EU goods—though those tariffs have now been delayed until July 9. Market reaction was mixed: gold jumped 1.9% on Friday but slipped 0.3% on Monday, settling at $3,346.89 per ounce.
Michael Brown of Pepperstone noted that Trump’s new tax proposal has rekindled worries about U.S. debt, though the market may calm down if lawmakers revise the law. Meanwhile, Goldman Sachs lowered its recession probability for 2025 from 45% to 35%, and Barclays completely withdrew its mild-recession forecast.

🔹 Gold Remains the “Panic Favorite”

Michael Boutros of StoneX described the market mood as "deeply anxious." He believes gold demand will remain strong as long as economic concerns persist. Once the full impact of tariffs becomes clear, the market may adjust—but for now, the gold rush continues.

📈 What Lies Ahead?

Joe Cavatoni from the World Gold Council expects gold prices to remain on an upward trajectory through the rest of 2025. Strong demand and a nervous macroeconomic environment continue to support gold’s leading role—and investors are taking notice.

#GoldRush , #MarketVolatility , #worldnews , #Tariffs , #TRUMP

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Tensions between the United States and the European Union over trade tariffs remain high. However, in a surprising move, President Donald Trump has announced a postponement of the planned 50% tariffs on EU goods until July 9. The delay came after a phone call with European Commission President Ursula von der Leyen, who asked for more time to reach a trade deal.
“We had a very nice call, and I agreed to delay,” Trump told reporters while flying back to Washington.

🔹 Brussels Gets a Breather – But Not for Long
Von der Leyen posted on X that Europe is ready to move swiftly and decisively, but a “good deal” will require more time – specifically until July 9, which marks the end of a 90-day negotiation window. That window had originally shielded the EU from a 20% tariff Trump first announced in April.
Still, Trump made it clear the 50% tariff threat remains on the table. If no progress is made, tariffs will go into effect. As he bluntly put it: “We already have a deal – it’s at 50%.”

🔹 Major Impact on Trade and the U.S. Economy
The proposed tariffs would affect $321 billion worth of trade between the U.S. and the EU. Economists estimate that this move could reduce the U.S. GDP by nearly 0.6% and raise consumer prices by more than 0.3% – a hit both sides would feel.

🔹 EU Signals Willingness to Negotiate
In response to Trump’s tough talk, Brussels submitted a new trade proposal last week. EU Trade Commissioner Maroš Šefčovič spoke by phone with U.S. trade representative Jamieson Greer, aiming to demonstrate the bloc’s willingness to strike a compromise.
Meanwhile, U.S. Treasury Secretary Scott Bessent told Fox News on Friday, “I hope this lights a fire under the EU,” referring to the threat of higher tariffs.
Yet frustration is growing in Washington. An anonymous White House official criticized the EU’s approach, saying the bloc hasn’t shown the same level of engagement as other trading partners. “We just haven’t seen anything meaningful from the EU,” the official noted.

🔹 EU Prepares Its Own Countermeasures
The EU already has a €21 billion retaliation package ready, targeting U.S. corn, wheat, motorcycles, and apparel. Additionally, a second list worth €95 billion is under consideration, focusing on Boeing aircraft, automobiles, and bourbon whiskey.

🧨 Countdown Begins – Will There Be a Deal or a Trade War?
While Trump has granted Europe a few more weeks, the threat of 50% tariffs has not disappeared. If negotiations don’t move fast enough by July, it could trigger one of the biggest trade clashes between the U.S. and the EU in recent history.

#TRUMP , #TradeWars , #TradingCommunity , #Tariffs , #worldnews

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Tensions between the United States and Japan over steep tariffs on car and steel imports are reaching a boiling point. Japan’s Prime Minister has called the situation a "national crisis" that could severely impact the backbone of the Japanese economy – the automotive industry. In response, Japan’s top trade negotiator Rjosei Akazawa is heading back to the U.S. for a fourth round of trade talks starting on May 30, just a week after the third round in Washington.

🔹 Trade Dispute Heats Up
Akazawa plans to meet with U.S. Treasury Secretary Scott Bessent, with the central topic being the removal of the 25% U.S. tariff on Japanese cars — a barrier Tokyo sees as unacceptable for fair trade. “Our stance remains unchanged,” Akazawa said. “We firmly demand the removal of these tariffs. But we also seek an agreement that benefits both sides.”
The U.S. imposed the tariffs to protect its domestic industries, but Japanese officials argue they now disrupt global trade balance.

🔹 Small Suppliers Fear for Survival
While major automakers like Toyota and Nissan have room to maneuver, smaller suppliers are feeling the pressure. At Kyowa Industrial in Takasaki, where 120 workers produce parts for race cars, anxiety is running high. “What the hell are we supposed to do?” said company president Suzuki.
Kyowa doesn’t export directly to the U.S., but Suzuki fears automakers will push suppliers to slash prices to offset the cost of the tariffs — a move that could drive small firms to the brink.
Ashikaga Bank, which supports hundreds of manufacturing firms, warns that higher prices in the U.S. could reduce demand and cut back on orders.

🔹 Carmakers Call for Solidarity, but Help Is Limited
Internal letters seen by Reuters reveal that large automakers are quietly urging their U.S. branches to support Japanese suppliers. Nissan told its partners to honor current price agreements and pledged to cover tariffs for up to four weeks. Toyota promised to act in “good faith” and asked suppliers for ideas on how to ease the burden. Ford is evaluating its supply chain risks and may shift sourcing or processes accordingly.
Subaru, which sells about 70% of its cars in the U.S., has already announced price increases for some models. CFO Shinsuke Toda said the company is willing to discuss cost-sharing with suppliers, but admitted that the path forward remains uncertain.

🔹 Analysts Warn of a Chain Reaction
Economists caution that the issue goes beyond the auto industry. A long-term 25% tariff could cripple entire regions of Japan already suffering from population decline and economic stagnation.
Under current rules, the 25% car tariff remains in place, while other goods enjoy a temporary reduction to 10% — a grace period set to expire in July.
The U.S. administration says it aims for “fairness and balance” in trade and seeks to protect national economic security.

🔹 What’s Next?
As a possible compromise, Japan is offering to expand shipbuilding cooperation, streamline vehicle import certifications, and increase imports of corn and soybeans from the U.S. Whether this will be enough to soften Washington’s position remains to be seen.

#TradeWars , #Tariffs , #Japan , #TradingCommunity , #worldnews

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The U.S. bond market remains under pressure as long-term yields hover near their yearly highs, driven by concerns over Donald Trump’s newly proposed tax plan. With a potential to add $4 trillion to the national deficit, the proposal is sending shockwaves through financial markets — and well beyond Washington.

Bond Market: Higher Yields, Higher Uncertainty
Although the tax legislation still awaits Senate approval, investors reacted swiftly. To compensate for increased fiscal risk, bondholders are now demanding higher yields. Ten- and thirty-year U.S. Treasury yields remain above 4.5% — a level that raises borrowing costs across the board, from mortgages to corporate loans.

Moody’s Downgrade Highlights Mounting Deficit Concerns
Credit rating agency Moody’s downgraded the U.S. credit outlook last week, a clear sign that confidence in America’s fiscal management is eroding. Analysts warn that a surge in debt issuance could spark inflationary pressure or drive investors to safer havens.
“The market understands: a growing deficit means more debt issuance, and that equals risk,” said Thierry Wizman of Macquarie.

Fed Remains Independent – For Now
Amid political and economic uncertainty, one reassuring development emerged — the U.S. Supreme Court ruled that members of the Federal Reserve’s Board of Governors cannot be arbitrarily removed, effectively shielding Fed Chair Jerome Powell from political interference. Investors see this as a stabilizing factor for monetary policy.

Households and Businesses: Who Will Feel the Pain?
Rising bond yields aren’t just a Wall Street concern — they directly impact everyday Americans. Mortgages, student loans, business financing — all become more expensive if the government keeps increasing its debt without a sustainable fiscal plan.

Stock Market Treads Carefully
Equity indexes responded cautiously on Friday:

🔸 Dow Jones fell by 0.04%

🔸 Nasdaq dropped 0.09%

🔸 S&P 500 was flat

This stagnation follows a week of declines, with investors worried that elevated yields could stall economic growth.

Summary
🔹 U.S. bond yields remain high amid Trump’s tax proposal

🔹 Moody’s downgraded the U.S. over rising deficit concerns

🔹 The Fed gains judicial protection from political interference

🔹 Higher yields mean costlier debt for households and businesses

🔹 Wall Street is cautious as fiscal anxiety spreads

#TRUMP , #USPolitics , #tax , #WallStreet , #worldnews

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📉 The recently signed trade agreement between the UK and the US has sparked controversy, as experts warn it could breach key rules of the World Trade Organization (WTO) regarding non-discrimination among trading partners. The preferential terms granted to American exporters have raised eyebrows both within the EU and in the UK Parliament.

🔍 What's the issue?

London has agreed to allow 13,000 tons of US beef into the UK tariff-free and slashed a 19% duty on 1.4 billion liters of US ethanol. However, without a full-fledged Free Trade Agreement (FTA), such preferential treatment cannot be extended to a single country under WTO rules—unless a formal exemption is granted. Otherwise, the same conditions must be made available to all WTO members.

💥 Could this lead to legal challenges?

Experts say yes. The European Union is already considering demanding the same concessions, warning that the UK may be undermining the WTO’s foundational principle of non-discrimination.
UK Parliament experts have flagged a “serious error” in the deal's tariff and quota clauses that may contradict WTO commitments.
Professor Michael Gasiorek of the University of Sussex stated:
"The reported changes in tariffs and quotas are likely inconsistent with WTO rules. If validated, the UK could face legal action."

UK Under Pressure: Aligning with WTO Rules Is Crucial
📘 One potential solution may be joining the WTO’s interim arbitration system, the MPIA (Multi-Party Interim Appeal Arbitration Arrangement). This alternative dispute resolution mechanism was created after the US blocked appointments to the WTO’s main appellate body. Joining would strengthen the UK's standing in global trade law and offer a framework for defending itself in future disputes.
Trade Secretary Jonathan Reynolds and UK WTO representative Simon Manley both indicated that joining MPIA is "actively being considered."
🤝 The move coincides with the UK’s efforts to "reset" relations with the EU, highlighted by a new trade declaration reaffirming commitments to fair, open, and sustainable commerce.

What’s Next?
📌 The UK faces a critical decision: either revise the terms of the US trade deal to meet WTO standards or risk legal confrontations with the EU and other global partners. Without a valid WTO exemption, the preferential treatment for US exports could damage Britain’s reputation and market certainty.
At a time of heightened geopolitical and trade tensions, the world is watching every move. London cannot afford a misstep.

#TradeWars , #Geopolitics , #worldnews , #Cryptolaw , #Regulation

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This week, the U.S. Supreme Court significantly limited Donald Trump’s authority—while it granted him the power to remove certain federal officials, it firmly stated that the Federal Reserve is off-limits. In a landmark ruling, the court erected a legal barrier that shields America’s central bank from presidential interference.

🔹 President Can Fire Some, But Not All
In a 6–3 decision, the Court ruled that Trump had the authority to dismiss Gwynne Wilcox, a former member of the National Labor Relations Board (NLRB), and Cathy Harris of the Merit Systems Protection Board (MSPB). Both women were appointed to their positions but were removed by Trump during his presidency. They sued, arguing that the president had exceeded his legal authority.
While lower courts initially sided with them, the Supreme Court overturned those rulings. The justices argued that the U.S. Constitution grants the president executive power, which includes the right to remove officials who exercise that power on his behalf—unless a specific exception applies.

🔹 The Fed Is a Protected Zone
However, the justices were crystal clear: this ruling does not apply to the Federal Reserve. The Court stated that the Fed is a "uniquely structured, historically distinct entity" and cannot be compared to other federal agencies.
This means that no president—not even Trump—can freely fire leaders of the central bank without violating the law. That’s a key point given Trump’s history of tension with Federal Reserve Chair Jerome Powell, whom he appointed but later sharply criticized.

🔹 Court: The Fed Is Not Part of Routine Executive Power
The ruling makes it clear that the Federal Reserve is viewed as an independent institution. It is not a direct part of the president’s executive branch and therefore cannot be governed in the same manner as typical federal offices.
The Court reasoned that the government might suffer more harm if a removed official remained in power than if someone were unlawfully dismissed. But this reasoning doesn’t apply to the Fed, which operates under a special legal status.

🔹 Liberal Justices Disagree
Three liberal justices—Sonia Sotomayor, Elena Kagan, and Ketanji Brown Jackson—dissented. They believed that removing Wilcox and Harris before the legal process was complete was unfair and premature. However, the majority stood firm, allowing Trump to remove the officials—for now.

🔹 Powell Defends His Position
Federal Reserve Chair Jerome Powell has previously made his stance clear. During Trump’s public criticism of the Fed, Powell said at a press conference in November: "The law does not require me to resign—and I will not."
Now, with the Supreme Court's decision, Powell has the backing of the nation’s highest court. Donald Trump—and any future president—will have to accept that they cannot interfere with the operations of the Federal Reserve.

#TRUMP , #USPolitics , #USGovernment , #worldnews , #JeromePowell

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While Donald Trump publicly portrays Vladimir Putin as a leader seeking peace, his private comments paint a different picture. In a recent call with European leaders, the former U.S. president admitted that Putin believes he’s winning the war in Ukraine and has no plans to stop the fighting.
📞 According to The Wall Street Journal, the call included Volodymyr Zelenskyy, Emmanuel Macron, Friedrich Merz, Giorgia Meloni, and Ursula von der Leyen. It marked a sharp contrast from Trump’s usual rhetoric – and the first time he privately acknowledged Putin’s unwillingness to end the war.

🔹 Sanctions? Maybe. But Trump Prefers Vatican Peace Talks
Just a day earlier, Trump discussed with European leaders the possibility of sanctions if Putin refused a ceasefire. But instead, he pushed for low-level peace talks between Ukraine and Russia in the Vatican.
Despite repeated calls from Zelenskyy and EU leaders for Trump to use his influence to pressure Moscow, the former president shrugged off responsibility, telling reporters:
“This is not my war. We shouldn’t have gotten involved.”

🔹 Trump Rejects “Unconditional” Ceasefire – Even After Using the Word Himself
EU leaders wanted to propose a 30-day unconditional ceasefire, but Trump rejected the term. He claimed he never used the word “unconditional” – even though a post on his Truth Social account from May 8 clearly contained it.
Eventually, European leaders dropped the term to keep Trump engaged in the talks.

🔹 Europe Pushes Harder Under New German Chancellor
Europe’s tone shifted after Friedrich Merz became Germany’s new chancellor. Unlike his predecessor Olaf Scholz, Merz took a tougher stance against Russia, even changing the German constitution to allow for higher military spending.
On May 10, Merz, Macron, Starmer, and Tusk made a surprise visit to Kyiv to meet with Zelenskyy. During the trip, they called Trump from Macron’s phone to tell him Ukraine agreed to a 30-day ceasefire. They also warned Putin that Europe was ready to impose new sanctions if he refused.
Putin responded by offering direct talks with Ukraine – the first such offer in three years. Trump welcomed the move and even expressed willingness to participate in negotiations in Turkey.

🔹 Istanbul Talks Disappoint – Putin Sends Mid-Level Negotiators
The Istanbul meeting, however, didn’t deliver. Putin didn’t show up himself, instead sending mid-level negotiators who repeated Russia’s long-standing demands, which Ukraine has already rejected.
After the failed talks, European leaders once again called on Trump to act decisively. While a few minor sanctions were approved, more serious measures are still in progress.
Trump, for his part, said he plans another direct call with Putin, believing a peace deal can only be reached through leader-to-leader dialogue.

🔹 Trump Hints at Sanctions – Graham Moves Ahead
During the earlier Sunday call (before speaking with Putin), Trump hinted that the U.S. might join Europe in targeting Russian oil and banks.

Senator Lindsey Graham, one of Trump’s allies, later confirmed he had secured 81 co-sponsors for a bill that would impose sweeping energy and financial sanctions on Russia.

🔹 The Usual Trump: Charm, Insults, and Mixed Messages
The Sunday call included classic Trump moments: he praised Merz’s English, saying he loved it even more with his “German accent.” But he also attacked Europe’s migration policies, claiming the continent was “on the verge of collapse.”

Macron, who knows Trump well, called him out:
“You can’t insult our nations, Donald.”

🕊️ What’s Next?
While some European officials briefly hoped Trump might support tougher measures, those hopes quickly faded. The Vatican talks are now scheduled for mid-June – but whether they will lead to real progress or just more delays remains uncertain.

#TRUMP , #putin , #Geopolitics , #worldnews , #TradingCommunity

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Donald Trump is pushing hard to pass his expansive legislative proposal — one he proudly calls a “big and beautiful” plan. But inside the Republican Party, tensions are boiling over. Lawmakers are clashing over Medicaid cuts, green energy tax breaks, and local tax deductions, leaving House Speaker Mike Johnson scrambling to hold the party together ahead of a critical vote.

🔥 A Mega-Bill That Rekindles Old Divides
Trump’s package combines tax reform, immigration, defense, energy policy, and debt ceiling measures. It was meant to be a unifying moment for Republicans. Instead, it has exposed deep ideological divides — both new and old.
The conservative House Freedom Caucus is leading the charge for major cuts to Medicaid and the introduction of work requirements for able-bodied adults receiving healthcare assistance, with a deadline before 2029.
While most Republicans agree in principle, moderates warn that harsh cuts could cost them votes in competitive districts.

🌱 Green Energy Tax Credits: Allies Become Opponents
Another battleground: tax breaks for green energy, introduced by President Biden through the Inflation Reduction Act.
🔹 Hardliners want them gone — entirely.

🔹 Republicans from states like Arizona and Pennsylvania argue their removal would hurt businesses that have already based major investments on these incentives.

💰 The SALT Cap: One Deduction, Many Opinions
The SALT cap, which limits federal deductions for state and local taxes to $10,000, remains controversial.
🔹 Republicans from low-tax states (like Tennessee and Missouri) say raising the cap unfairly benefits blue states with high tax burdens.

🔹 Moderates from New York, New Jersey, and California argue that restoring full SALT deductions is crucial for their voters and could decide control of the House in 2026.

✍️ Letters, Lobbying, and Internal Chaos
Twenty-one Republican House members wrote to leadership urging them to preserve green energy tax credits, citing their importance to U.S. energy manufacturing and infrastructure.
In response, fiscal hawks fired back, saying the green sector is propped up by subsidies, not real demand:
“Keeping IRA subsidies intact undermines our energy independence, sidelines coal and natural gas, and threatens grid reliability,” they warned.

⚖️ A Critical Test for Trump and the GOP
Trump’s bill is ambitious, but it’s moving through a political minefield. For many, this is a showdown between ideological purists and pragmatists fighting to survive their next elections.
Whether this “big and beautiful” plan succeeds will come down to every single vote.

#TRUMP , #TaxReform , #USPolitics , #GreenEnergy , #worldnews

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Artificial intelligence is accelerating at breakneck speed — but with that growth comes a serious threat: it might literally switch off the lights. Elon Musk warns that by the end of 2026, the exploding demand from AI data centers could push power supply beyond its limits.
In an interview with CNBC, Musk said we’re approaching a critical tipping point: shortages of chips, transformers, and — above all — electricity could become the biggest obstacles to the future of AI.
“Once we solve the hardware bottlenecks, the main challenge will be delivering enough power,” Musk said.

⚡ Project Colossus: xAI Builds Its Own Power Supply
Musk’s company xAI is building a massive data center in Tennessee, which will require one gigawatt of electricity — roughly the output of a typical U.S. nuclear power plant. The facility will rely on natural gas turbines to fuel the intense computational needs of next-gen AI.
But that reliance has triggered concern from environmental groups. They claim the project may violate clean air laws by running gas turbines without adequate emissions controls or proper permits. They warn that Project Colossus could be a preview of what’s to come if AI growth continues unchecked and climate concerns are ignored.

🌍 Soaring Demand, Lagging Capacity?
Musk isn’t alone in his concerns. Leading tech and energy companies, including Google, are warning that the U.S. electrical grid can’t keep up. According to Caroline Golin, Google’s head of energy strategy, the company has hit a "harsh reality" — they don’t have enough electricity to power current and future data centers.
As a result, Google has started exploring nuclear power, as renewable sources — often dependent on unpredictable weather — are too inconsistent to support the 24/7 energy demands of AI servers.
Musk pointed to China as an example of rapid progress, describing its energy expansion as “a rocket heading to orbit”, while the U.S. lags far behind. Despite surging demand, infrastructure growth in the U.S. remains stagnant.

📊 Even Energy Providers Are Unsure
Virginia-based Dominion Energy told investors that electricity demand is rising steadily with no signs of slowing down. But others are more cautious. Constellation Energy CEO Joe Dominguez said many power load forecasts may be exaggerated, as developers submit the same AI projects across multiple states, skewing projections.
The result? Deep uncertainty. No one knows for sure whether the U.S. will have enough power for the AI revolution, or if progress will stall because of a basic — yet critical — issue: there’s nothing left to plug in.

💬 Can the world sustain the AI boom without triggering an energy collapse? And are we ready to sacrifice the environment for more computing power?

#ElonMusk , #AI , #ArtificialInteligence , #warning! , #worldnews

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The European Central Bank suggests that Italy’s national postal service – Poste Italiane – could play a key role in the rollout of the digital euro. With millions of customers and a vast infrastructure, the postal giant may help bring the new currency directly to everyday citizens.
According to Pier Cipollone, a member of the ECB’s executive board, the digital euro is quickly becoming a reality. And when the time comes to launch it, the biggest challenge will be the so-called "last mile" – getting digital money into people’s hands.
Speaking at an online event organized by ASviS, Cipollone said Poste Italiane is in a prime position for the job. The company already provides banking services and reaches millions of Italians across the country.
“Poste Italiane has millions of clients and can easily provide access to the digital euro,” Cipollone said.

📬 Postal Service as a Bridge to Digital Currency?
While most people still think of post offices as places for delivering letters and packages, Poste Italiane has evolved. It offers bank accounts, payment services, and insurance. So its involvement in the digital euro rollout isn’t far-fetched — in fact, it makes sense.
The ECB emphasizes that the digital euro isn’t science fiction — it’s a response to changing consumer behavior. Cash usage is steadily declining, while digital payments through cards and apps continue to rise.

🪙 Not the End of Cash – Just Its Digital Upgrade
Cipollone stressed that the digital euro won’t replace cash, but complement it — especially in a world where digital payments are increasingly controlled by private companies. The ECB wants to offer a state-backed alternative, giving people a secure and sovereign digital payment option.
“In the digital age, cash alone is not enough,” Cipollone noted.

🗓️ First Digital Euro Transactions by 2028?
If everything goes smoothly — including the political side — the first digital euro transactions could take place by mid-2028, according to Cipollone.
The digital euro aims to preserve Europe’s monetary sovereignty, offer a fast, secure, and universal payment solution, and reduce reliance on foreign platforms and private fintechs.

💬 Will the postal service be the one to bring the digital euro to everyday citizens? And can Europe maintain control over its digital money future?

#digitaleuro , #ECB , #CBDC , #digitalpayments , #worldnews

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Wall Street is growing increasingly tense as budget negotiations in Congress stall over a familiar sticking point: SALT tax deductions. A group of Republican lawmakers from high-tax states is holding up the passage of President Donald Trump’s much-promoted federal budget plan, demanding more generous deductions for state and local taxes.
The delay comes despite Trump’s active behind-the-scenes involvement. What was once billed as a “big, beautiful budget bill” has now become mired in internal GOP conflict, casting doubt on the initial goal to pass it ahead of the Memorial Day weekend.

📉 Rising Deficit Fears Rattle Bond Market
Investors aren’t just watching — they’re reacting. The standoff has led to renewed concerns about U.S. fiscal policy, with fears mounting that if a deal does emerge, it may bring a heavy cost: another major increase in the already staggering $36 trillion national deficit.
Financial analysts warn that such a bill could flood the bond market with more government debt, raising yields and pushing borrowing costs higher. UBS strategist Solita Marcelli noted that the final version is likely to include multiple amendments but could still swell the deficit by trillions over the next decade. That would strain demand for Treasuries at a time when confidence is already shaky.
Economist Stephen Juneau of Bank of America warned of a “buyer’s strike” in the bond market, noting that more supply combined with fading demand could trigger a sharp rise in interest rates. That, in turn, could pressure the U.S. dollar and send equities lower — a cascade of effects that might outweigh any growth the bill is designed to stimulate.

📊 Markets React as Uncertainty Builds
Markets have already started to slip. On Tuesday, the S&P 500 ended a six-day winning streak, the Nasdaq posted its first loss in three sessions, and the Dow Jones dropped more than 100 points. Futures fell in early Wednesday trading, indicating continued volatility as traders brace for more uncertainty out of Washington.
The broader context doesn’t help: 30-year Treasury yields are hovering just below 5%, their highest level in years, and last week’s credit rating downgrade by Moody’s only adds to the pressure. Investors are becoming more cautious, and portfolios are being adjusted in real time as they await clarity.
Trump’s proposal may still pass in some revised form — but it’s clear that the path forward is increasingly fraught. Until Congress finds common ground on tax deductions, debt, and spending, Wall Street has little choice but to wait nervously. With no major economic reports due midweek, the spotlight remains fixed on Capitol Hill, where the stakes are rising with each passing hour.

#WallStreetNews , #stockmarket , #MarketVolatility , #worldnews

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Elon Musk stirred the waters once again – this time on the international stage. At the Qatar Economic Forum in Doha, he announced that he will continue his legal fight against OpenAI, the creator of ChatGPT. At the same time, he reassured investors: he’s not stepping down from Tesla, even as the company moves into the development of humanoid robots.

📢 “The Lawsuit Against OpenAI? I’m Moving Forward.”
During a virtual interview moderated by Bloomberg’s Mishal Husain, Musk confirmed that his lawsuit against OpenAI is still on the table. He didn’t go into details, but made it clear: he’s not backing down.
As a co-founder of OpenAI, Musk has long criticized the company’s shift from its original nonprofit mission toward a commercial model. His concerns revolve around the ethical direction of artificial intelligence and the growing corporate influence over it.

🚀 Starlink IPO? Eventually
The conversation also turned to Musk’s space-focused project – Starlink, the satellite internet service. Musk confirmed that a public offering is planned for the future, but added that he’s in no rush to bring the company to the stock market.

🔋 Tesla? “I’m Staying Until I Die.”
For those speculating about Musk stepping away from Tesla – think again. He made it crystal clear: he’s staying as CEO, despite legal battles and debates around his compensation.
“It’s not about money,” Musk said. “It’s about having sensible control over the future of the company, especially as we’re building millions – maybe even billions – of humanoid robots.”
He was referring to both recent protests involving Tesla and his ongoing legal dispute in Delaware over a massive pay package. But Musk made it clear: he’s not giving up his seat anytime soon.

🧠 Musk, AI & Crypto: Still Shaking Markets
Musk remains a major force – not just in the auto and space industries, but also in crypto. Just recently, he shook the market once again when he updated his profile on platform X – causing the memecoin Kekius Maximus (KEKIUS) to skyrocket.

🔎 Summary
Elon Musk continues to fight on all fronts – whether it’s AI, Tesla, or crypto. His stance on OpenAI is firm, his grip on Tesla steady, and his impact on markets undeniable.
As he prepares for a legal battle over the future of artificial intelligence, he’s also building robots, launching satellites – and showing no signs of slowing down.

#ElonMusk , #OpenAI , #AI , #Tesla , #worldnews

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South Korean actress Hwang Jung-eum is facing legal scrutiny and public backlash after admitting in court to using over $3 million from her own agency’s funds to make personal cryptocurrency investments. The confession has led to swift consequences, including her removal from TV programs and the termination of brand partnerships.

🎬 Edited Out of Show, Dropped by Advertisers
The production team behind "Because I’m Single" on SBS Plus confirmed that Hwang was cut from the show’s final episode, which aired this week.
“Segments featuring Hwang Jung-eum will not appear, and her commentary will be minimized,” producers stated.

Meanwhile, Daesang Wellife Nucare, a health drink brand, withdrew its freshly launched campaign featuring the actress. Posters, videos, and related promotions were removed from the company’s official channels, citing “internal scheduling changes.”

⚖️ Court Admission and Steps Toward Repayment
Last week, Hwang appeared before the Jeju District Court, where she admitted to using ₩4.34 billion (approximately $3.1 million) from her self-managed agency to purchase cryptocurrencies. The agency represented only her and was fully under her control.
She now faces charges under South Korea’s Economic Crimes Enhancement Act.
“I sincerely apologize for the concern I’ve caused. I made the investment with the hope of growing the company, but it was a hasty and immature decision,” Hwang said in a statement released by her new agency, Y.One Entertainment.

💼 Legal Defense: “Funds Originated From Her Own Earnings”
Hwang’s legal team argued that the funds did not technically belong to the agency but were her personal entertainment earnings, temporarily held under the company’s name. This was necessary, they claim, because Korean law prohibits corporations from directly holding cryptocurrency assets.
“Since the agency’s revenue stemmed entirely from her work, the funds can reasonably be considered her own,” her lawyer stated in court.

She has reportedly sold off some crypto holdings to repay a portion of the funds, and plans to liquidate real estate to cover the rest. A second court hearing is scheduled for August.

🧩 Personal Turmoil Adds to Scandal
The scandal coincides with a turbulent chapter in Hwang’s private life, including an ongoing divorce. Her role in “Because I’m Single” had marked a television comeback in October last year — now abruptly overshadowed by legal troubles.

#CryptoScamAlert , #CryptoSecurity , #CryptoNewsCommunity , #worldnews , #BTC

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