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Global News

BRICS vs G7

Is Singapore Leading the World as a Destination for Ultra-Rich Individuals Capitalizing on BRICS Opportunities?

Singapore Reaches $4.9 Trillion Assets Under Management (Source: Monetary Authority of Singapore) According to the Economic Development Board of Singapore, there are now 1,100 family offices in Singapore. Additionally, 59% of family offices in Asia are located in Singapore. As a city, Singapore ranks as the 5th wealthiest in the world and is home to 41 billionaires. The country also boasts nearly 270,000 millionaires, and projections suggest that Singapore could have 437,000 millionaires by 2025. Furthermore, over 13% (~700,000) of Singapore’s 5.5 million population are expected to be millionaires by 2030, solidifying Singapore’s position as Asia’s millionaire capital by that time

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BRICS vs G7

Singapore and UAE Financial center collaborate on Fintech and Digitalization. UAE is Singapores Largest Middle East Trading Partner

Are UAE, Singapore, and Hong Kong truly well-positioned to benefit from BRICS members as financial and business collaboration centers? Considering their strategic geographic locations, robust financial infrastructure, and commitment to innovation and collaboration, have these countries already come together and are they working to drive sustainable growth, promote financial inclusion, and shape the future of finance. It’s a question worth serious attention. Here are some resources we have put together for you to consider and make the judgment if this has already taken place…

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Cryptocurrency

BRICS Member, UAE, “Becomes #1 in The World for Crypto Adoption”. Is UAE now the world leader in Crypto Innovation and Blockchain Regulation? Does this mean BRICS will have the most innovative and secured financial system in the world?

Source article reported by Gupta, S. (2023, June 13). The UAE Takes On Yet Another Crown By Ranking #1 In Crypto Owners. Lovin Dubai.

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Technology

Huawei Nearlink Replaces Bluetooth

Below excerpt article reported by Castro. (2023, August 5). Huawei Nearlink launched, new wireless technology far ahead of Bluetooth. Huewei Community

Huawei Nearlink has the advantages of 60% lower power consumption, 6 times higher speed, 1/30 delay, and 10 times higher number of network connections.

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BRICs vs G7

Total Wealth of Brics Block Estimated to now Eclipse 45 Trillion – Top 10 Richest Brics cities- MENA Nations Joins Brics

Below excerpt article reported by. Henley & Partners (2024), The BRICS Wealth Report: Challenging the Global Economic Order.

The total investable wealth currently held in the BRICS bloc amounts to USD 45 trillion and its millionaire population is expected to rise by 85% over the next 10 years, according to the inaugural BRICS Wealth Report, published today by international investment migration advisory firm Henley & Partners in partnership with global wealth intelligence firm New World Wealth.

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Political

Senate passes $95 billion package with aid for Ukraine and Israel

Do you think these funds will be approved? Did you know senators have dropped their US border protection funding bills in support of funding more to Ukraine & Israel??? (Excerpt from article reported by Foran et al. – CNN Political (2024), Senate passes $95 billion package with aid for Ukraine and Israel, setting up showdown with the House.)
“Trump has also indicated he would encourage Russian aggression against any NATO member country that doesn’t pay enough.”

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BRICs vs G7

Reports suggesting “No US Dollar Mechanism being built for participants of BRICS 27 Trillion dollar Market.”

Read the article from sources on INFYNIT Social and comment your thoughts

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Quality of Life

Tucker Carlson Shocked- “Moscow so much nicer than any city in my country (US)”

Below excerpt article by Mastrangelo, The Hill (2024), Tucker Carlson: Moscow ‘so much nicer than any city in my country’

Pundit Tucker Carlson called Moscow “nicer” than any city in the United States and praised Russian President Vladimir Putin’s governing of the massive world superpower.

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Political

US Government Website reports US ranked 13th in the world for quality of infrastructure (Cities).

Below excerpt article by [The Whitehouse (2021).

How neglected is America’s infrastructure Public investment in U.S. infrastructure as a share of GDP has fallen by more than 40 percent since the 1960s. The World Economic Forum now ranks the United States 13th when it comes to the overall quality of infrastructure.

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Financial

British EV maker, (Backed by Black Rock) once valued at $13 billion, has gone into bankruptcy protection without making any sales.

Below excerpt article reported by Prakash, P. (2024, February 6). British EV maker, once valued at $13 billion, has gone into bankruptcy protection without making any sales—after getting kicked out of Nasdaq. Yahoo Finance

The latest EV company to fold is Arrival, a U.K.-headquartered startup that’s close to a decade old. The company announced that its British arm was entering administration (similar to bankruptcy protection in the U.S.) on Monday, just a week after it received notice from Nasdaq, the U.S.’s tech-heavy index, that its trading would be suspended.

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Cryptocurrency

Historic Inflows: Spot Bitcoin ETFs Attract Over $1 Billion in a Single Week

Below excerpt article reported by Hakki, T (2024, February 13). Historic Inflows: Spot Bitcoin ETFs Attract Over $1 Billion in a Single Week, Cryptonews.

Bitcoin’s recent inflows have contributed towards pulling the entire market back up to a capitalization of nearly $2 trillion. Bitcoin accounts for around half of that as it closes in on its former all-time high market cap of $1.28 trillion

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Cryptocurrency

Wall Street ETFs Are Buying 12.5x More Bitcoin Per Day Than The Network Can Produce

Below excerpt article from CNBC Squawk Box (2024, February 12). Bitcoin has become Wall Street’s favorite asset, says Anthony Pompliano

“Anthony Pompliano, Pomp Investments founder, joins ‘Squawk Box’ to discuss the spot bitcoin ETF market one month after launch, state of bitcoin at large, and more.”

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Technology

China EV Company HiPhi wins $5.6 Billion Deal contract with Saudi Arabia…And it has a Super Car, 0-100 KMH in 2 seconds

Below excerpt article reported by Reuters (2023, June 12). Saudi Arabia signs $5.6 billion deal with Chinese parent of high-end EV brand HiPhi, CNBC

Saudi Arabia signs $5.6 billion deal with Chinese parent of high-end EV brand HiPhi. 
Saudi Arabia will develop domestic EV Cars together. 
Part of the Saudi plan is to develop a domestic electric vehicle manufacturing industry. Human Horizons manufactures electric vehicles under the HiPhi brand in China.

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Military

China catching US as Global Defense Contractor with forth year of growth, now approx 108 billion in Sales

China’s top defence contractors saw income grow for fourth year in a row, SIPRI global top 100 list shows

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Global Trade

5 US VC firms investing billions in Chinese AI, military and tech firms: CCP select committee

The 5 American VC firms in the report invested over $1.9B in Chinese AI companies linked to the CCP. Source: FOX Business

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Global Trade

China’s Total Middle East and Africa Trade Up To US$1.63 Trillion. 

China-Middle East trade volume nearly doubled over the 2017 to 2022 period, from USD262.5 billion to USD507.2 billion, according to Chinese Customs data. China’s 2022 trade with the Gulf Cooperation Council (GCC) nations reached just shy of US$1 trillion…

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Tourism

US losing Billions in Tourism, Saudi Arabia biggest gainer

US Losing Billions in Tourism: Ranks 17th out of 18 Major Global Destinations. Saudi Arabia biggest gainer ranking now 13th. 

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Brics vs G7

Russia Becomes #1 in Global Agriculture and Fertilizer Exports

While Western Famers Protest Government Policies, Russia becomes #1 Global supplier of Agriculture and Fertilizer 2023

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Political

US Representative Ilhan Omar states that El Salvador President Nayib Bukele is a threat to democracy

‘Squad’ member Ilhan Omar in spat with president of former ‘murder capital’ ahead of his re-election

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Technology

Elon Musk’s Neuralink Has Implanted Its First Chip in a Human Brain. What’s Next?

Billionaire technologist Elon Musk announced this week that his company Neuralink has implanted its brain-computer interface into a human for the first time. The recipient was “recovering well,” Musk wrote on his social media platform X (formerly Twitter) on Monday evening, adding that initial results showed “promising neuron spike detection”—a reference to brain cells’ electrical activity.

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Social Media

Zuckerberg says sorry for Meta harming kids—but rejects payments to families

During a Senate Judiciary Committee hearing weighing child safety solutions on social media, Meta CEO Mark Zuckerberg stopped to apologize to families of children who committed suicide or experienced mental health issues after using Facebook and Instagram.

Read on INFYNIT Social
Political

Trump proposes building 10 ‘freedom cities’ and flying cars

Former President Donald Trump on Friday proposed building up to 10 futuristic “freedom cities” on federal land, part of a plan that the 2024 presidential contender said would “create a new American future” in a country that has “lost its boldness.”

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Political

Trump’s team reached out to RFK Jr. ‘early on’ about serving as VP: ‘Wouldn’t write it off’

People close to former President Trump made preliminary overtures to Robert F. Kennedy about the possibility of serving as his running mate, The Post has learned.

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Financial

Tesla Declines 200 Billion Dollars in One Month

Short sellers targeting Tesla have reaped considerable profits, making it the most lucrative U.S. short trade this year, according to data and analytics firm Ortex.

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Political

Russia listed first in military power by U.S. News. The Strongest Military Beating US. Is this true? Please comment.

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Global Trade

Amazon is taking half of each sale from its merchants

Grappling with slowing sales growth and rising costs, Amazon.com Inc. is squeezing more money from the nearly 2 million small businesses that sell products on its sprawling online marketplace.

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Megacity

Egypt Mega City New Capital

Egypt is preparing to spend billions doubling the size of a lavish new capital it is building in the desert 45 km (28 miles) east of Cairo, where the first residents are trickling in, the head of the company overseeing the project said.

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Global Trade

75 Percent of New Amazon Sellers Based in China. 45 Percent of the Top Sellers On Amazon Were Based In China

China-based sellers represented 75 percent of new sellers on Amazon in January, according to a report by Marketplace Pulse. This marks a significant increase from 47 percent in the previous year.

Read on INFYNIT Social
Megacity

Amazing Engineering, How China Built Egyptian New Capital in Desert, Megacity Grows in the Desert

Amazing Engineering, How China Built Egyptian New Capital in Desert, Megacity Grows in the Desert The Chinese construction company that’s building Egypt’s New Administrative Capital in a desert outside of Cairo, regularly posts photos of the progress that’s being accomplished.

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Tourism

70 percent drop in Chinese tourism to US from four years ago, translating to more than $20 billion in lost revenue.

This year, fewer than 850,000 Chinese tourists are expected to visit the US, a drop of nearly 70 percent from four years ago, translating to more than $20 billion in lost revenue.

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Security

A Pentagon official said he resigned because US cybersecurity is no match for China, calling it ‘kindergarten level’

A senior cybersecurity official at the Pentagon said he quit because he thought it was impossible for the US to compete with China on AI.

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Global

US Hollywood movie revenues fall approx 800 percent in China

To date, around 83 percent of the 2023 Chinese box office revenue is contributed by domestic films, according to the film data platform Beacon. This year’s top 10 box office earners are all domestic films, and the American film “Fast X” ranks 12th with a box office revenue of 980 million yuan, the highest-ranking foreign film.

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Global Trade

Russia, World’s Biggest Supplier of Organic Food?

10 years ago, Russia imported almost half its food and depended on imports, but now it is an exporter – almost $20 billion dollars last year. That’s 25% more than Russia’s revenue from selling military equipment and a third of gas exports, reports RT.

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Global Trade

Russia: Full Ban on Food with GMOs

On June 29, 2016, the Federation Council of the Russian Federation Federal Assembly (the upper chamber of the legislature) adopted the Federal Law on Amending Legislative Acts of the Russian Federation in Regard to Improvement of State Control in the Field of Genetic Engineering

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Health

Almost half of the tap water in the US is contaminated with chemicals known as “forever chemicals”

There are more than 12,000 types of PFAS, according to the National Institutes of Health, but this study looked at only 32 of the compounds.

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Financial

Is Dubai the new New York?

Dubai wants to become a global hedge fund hub as star portfolio managers continue to flock to the emirate.

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Global News

Exclusive Global News Update with Mr. and Mrs. Beckmann

Flying Cars Are Here

Watch now on INFYNIT.TV
Technology

Chinese Scientists Are 3D Printing Ears and Livers – With Living Tissue

Researchers in China have been able to successfully print human organs using specialized 3D printers that use living cells instead of plastic.

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Technology

China quantum computers achieves a speed that is 10 quadrillion times faster in solving Gaussian boson sampling (GBS) problems compared with the world’s fastest supercomputers.

“according to the publicly disclosed optimal algorithm, the speed of Jiuzhang 3.0 in processing Gaussian boson sampling is one million times faster than its predecessor, the 133-photon-based Jiuzhang 2.0. Jiuzhang 2.0 could calculate the most complex sample in 1 microsecond, while the current fastest supercomputer Frontier would take more than 20 billion years to do the same calculation, according to the press release.”

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Technology

China has now become the top country to offer the fastest internet speed ever. This speed is over 10 times the current fastest internet connection in the US

As per a report by South China Morning Post, this network offers 1.2 Tbps, which is equal to 1200Gbps. It surpasses fastest internet in the US as it offers 400 Gbps 5G internet speed. It was revealed that this internet network was developed jointly by the Tsinghua University, China Mobile, HUAWEI and CERNET.com Corporation.

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Global News

Exclusive Global News Update with Mr. and Mrs. Beckmann

Have scientists discovered how to reverse aging?

Watch now on INFYNIT.TV
Global News

Free Preview of Exclusive Global News Update with Mr. and Mrs. Beckmann

USD$ Change Is Coming: News Update New Year 2024 

Watch now on INFYNIT TV
Technology

With help from Warren Buffett backing Chinese EV Car Company BYD, BYD Surges past Tesla, becomes worlds largest EV car company.

BYD’s goal is to boost the proportion of vehicles equipped with smart driving systems, currently at 57%, and plans to unveil more than 10 LiDAR-equipped models in 2024. Why It Matters: BYD last year outpaced Tesla in global EV sales. Tesla supporters assert that BYD’s sales are limited to low-priced battery EVs in China and that the company has yet to prove itself in Europe or North America.

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Global Trade

China Becomes World’s Number One Car Exporter

For the first time ever, China has become the world’s number one auto exporter. This is because China increased sales in Russia where carmakers of Western countries, including South Korea, have left the market and enjoyed a sharp increase in electric vehicle sales, which led to a spike in China’s car exports.

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Political

New Website tracks Congress Representatives Investments. They are making higher then expected returns. You can follow here….

Members of Congress are required to disclose their personal finances through financial disclosure procedures. Financial disclosure forms are filed annually and every time they or their families make a trade. These forms are made available to the public through the Office of the Clerk of the House of Representatives and the Office of the Secretary of the Senate. These forms are a key tool for promoting ethical conduct in Congress and are an important part of efforts to promote integrity and transparency in the legislative process.

Watch now on INFYNIT.TV
Wealth

The top 1% own 45% of all global personal wealth; 10% own 82%; the bottom 50% own less than 1%

Every year the CS global wealth report analyses the household wealth of 5.1 billion people across the globe. Household wealth is made up of the financial assets (stocks, bonds, cash, pension funds) and property (houses etc) owned. And the report measures this net of debt. The report’s authors are James Davies, Rodrigo Lluberas and Anthony Shorrocks. Professor Anthony Shorrocks was my university flatmate, where we both graduated in economics (although he has the much better mathematical skills!).

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Global Trade

Boeing losing China and Middle East plane market to China C919. Approx 10 billion globally in commercial plane orders…

China Eastern Airlines said on Thursday it will buy another 100 C919 airplanes in a deal worth $10 billion at list prices, in what would be the largest ever order for the jet made by the Commercial Aircraft Corporation of China (COMAC).

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Technology

China develops radioactive battery to keep your phone charged for 50 years

A Chinese startup claims to have developed a new battery that could power smartphones for 50 years without the need for charging.

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Technology

World’s Largest Port Uses 5G to Automate Shipping

Shanghai Port: How automated is it to handle 143,000 TEUs per day? The Shanghai port is the first in the world to utilize the fifth generation of fixed network technology in dock cooperation. The technology is a great improvement in bandwidth, speed, reliability and the number of connections, creating a safe and reliable channel for remote control of the port machinery. Currently, the automated container port has five remotely-controlled cranes, and an even larger plan for the future.

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Cryptocurrency

Cryptocurrency has the potential to revolutionize the world of international trade

While there are certainly challenges that need to be addressed, the benefits of using cryptocurrency as a payment method are undeniable. From reduced transaction costs and increased security to the potential for reduced currency risk, there is a strong case to be made for the use of cryptocurrency in international trade.

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Technology

TJ-FlyingFish drone flies through the air and ‘swims’ underwater

Chinese scientists have created a prototype drone that can move both in the air and underwater. The TJ-FlyingFish is fully autonomous and will be able to operate without human intervention.

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Global Trade

BRICS: UAE Ditches U.S. Dollar for Oil Trade

“The United Arab Emirates (UAE) is asking BRICS countries to settle oil trade in local currencies and not the U.S. dollar. The Middle Eastern nation is aiming to diversify its economic partnerships by renewing payment methods for oil trade deals. The UAE is approaching China, Russia, India, and Egypt, among other nations to pay local currencies for oil settlement and sideline the U.S. dollar. Read here to know how many sectors in the U.S. will be affected if BRICS stops using the dollar.

Read on INFYNIT Social
Technology

ChatGPT creator OpenAI is working with the US military

ChatGPT creator OpenAI is working with the US military on several artificial intelligence projects after dropping a prohibition on the use of its technologies for “military and warfare” purposes, a company executive told Bloomberg on Tuesday at the World Economic Forum in Davos.

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Financial

40 More Countries Want to Join BRICS, Says South Africa

BRICS is seen as “a powerful force,” said Sooklal, who added that measured by purchasing power parity it now accounts for 31.7% of global GDP, having overtaken the G-7 — a forum of advanced democracies that includes the U.S. 

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Financial

The share of global GDP using purchase-power parity from 1992 to 2028

“Further, Figure 1 depicts the share of global GDP using purchase-power parity from 1992 to 2028. The data show a continuous decline in the share of G7 nations, consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. The BRICS nations have shown a consistent rise in their share of the global GDP since 1992 and have outpaced the G7 nations since 2020.

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Political

20,000 American Scientists of Chinese descent leave the US (increase of 75%)

“The work reveals that nearly 20,000 scientists of Chinese descent who began their careers in the US have left for other countries, including China, between 2010 and 2021, a team at Princeton, Harvard and the Massachusetts Institute of Technology has found. ‘The migration has increased during those 12 years, from 900 scientists in 2010 to 2621 in 2021, with an accelerated departure rate (75% higher) in the last three years

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Financial

Africa’s Largest Economy Intends To Join BRICS in Next Two Years

“The African continent’s leading economic power has previously voiced its intention to join the BRICS bloc. However, for whatever reason, it did not submit an official application for membership before the group’s summit in South Africa last August, at the end of which, six new countries—Argentina, Egypt, Iran, Ethiopia, Saudi Arabia, and the United Arab Emirates—were invited to join.)

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Political

Trump wins historic landslide in Iowa caucuses as DeSantis edges Haley for second

“Trump set sky-high expectations for his performance ahead of caucus night, urging volunteers Sunday in Des Moines to “see if we can get to 50%” support — a bar no GOP candidate has ever cleared. With more than 90% of precincts reporting, Trump appeared poised to make history with 51% of the vote.”

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Technology

XPeng AeroHT unveiled its ‘Land Aircraft Carrier’ modular ground/air concept and debuted its eVTOL supercar for an international audience.

“At this week’s Consumer Electronics Show (CES) 2024 in Las Vegas, it was a Chinese company that stole the show with a pair of outlandish concepts that it terms “flying cars,” though the use of the term stretches the definition for one of them.
Manufacturer XPeng AeroHT, a subsidiary of Chinese automaker XPeng Motors, unveiled its “Land Aircraft Carrier,” a lunar rover-looking vehicle that actually consists of two vehicles”

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Financial

FY2023 Spending on Debt Interest Explodes to Exceed Defense

“With these new figures, total US debt stands at $33.6 trillion. The cost of servicing US debt rose to record heights—$879 billion, a $162 billion (23 percent) increase from FY2022 because of higher interest rates on the rising national debt. The cost of servicing the US debt is now larger than annual spending on appropriations for national defense.”

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Synthetic Biology

Young again

“It’s like rebooting a malfunctioning computer,” said Sinclair.
The therapy delivered a trio of genes — Oct4, Sox2, and Klf4, together named OSK — that are active in stem cells and can help rewind mature cells to an earlier state. (Sinclair’s lab used this cocktail to restore sight in blind mice in 2020.)

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City Planning

Saudi Arabia Unveils Design for the Mukaab, a Large-Scale Cube-Shaped Skyscraper in Riyadh

“The Saudi Arabian government has revealed the design for the Mukaab, a cube-shaped supertall skyscraper that will become the center of the New Murabba district in downtown Riyadh. The Mukaab aims to become the largest built structure in the world, measuring 400 meters in height, width, and length. The building will be situated in the North West of Riyadh, in a 19 square kilometers area that will become one of the largest downtown developments in the world. The Mukaab skyscraper and the Murabba district were announced by His Royal Highness Crown Prince Mohammad bin Salman bin Abdulaziz, Prime Minister and Chairman of the New Murabba Development Company (NMDC).”

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Financial

PayPal’s 80% Stock Plunge Hasn’t Soured Wall Street

“About two thirds of the more than 50 Wall Street firms covering the digital-payments company has a buy or equivalent rating on the shares, according to data compiled by Bloomberg. And not one has a sell, the data show, something that can’t be said of Apple Inc., Microsoft Corp., or even the latest market darling Nvidia Corp.

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