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Norway’s Crypto Craze: 10% Are All In

Global News

Iceland declared safest country In the world to visit. US ranked 133rd

Global News

Norway’s Wealth Fund Conquers Markets with Record $213 Billion Profit

Global News

China Creates 27 Billion Dollar Fund for Chip Manufacturing

Global News

Norway’s Wealth Fund Make a Strategic Shift in Asia

Global News

The UAE stands tall as a beacon for digital currency pioneers

Global News

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Global News

What is CRHI?
Technology

Chinese Phone Company Transsion Number 1 Seller in Africa.

Below excerpt reported by Chen. H. (2024, January 24). Transsion climbs global smartphone leader board with its move out of Africa. Bamboo Works

‘The company became the world’s fourth-largest smartphone vendor during last year’s fourth quarter for the first time after shipping 28.2 million smartphones – up 68.6% year-on-year, according to IDC. That far outpaced all of its other rivals in the top five, and was also well ahead of the overall market’s 8.5% growth.’

Read on INFYNIT Social
Technology

iPhone China sales down 33% compare to last year

Below excerpt reported by Gordon. N. (2024, April 15). Apple loses its spot as the world’s top seller of smartphones after tough China competition from brands like Xiaomi and Huawei. Fortune / Yahoo Finance

‘Just one quarter after taking first place in the global smartphone market, Apple is back in second. The iPhone maker delivered 50.1 million units in the first quarter of 2024, a 9.6% year-on-year drop, according to a report from research firm IDC. The fall puts Apple behind Korea’s Samsung, which sold 60.1 million units.’

Read on INFYNIT Social
Economy

Investors pulls billions from BlackRock, BlackRock cuts 3% of global work force. (600 employees)

Below excerpt reported by Brush. S. (2024, January 9). BlackRock cuts 3% of global workforce, citing dramatic industry shifts. BNN Bloomberg

‘BlackRock Inc. will dismiss about 600 employees, or roughly 3 per cent of its global workforce, as it seeks to reallocate resources amid rapid changes in asset management.’

Read on INFYNIT Social
Technology

Xiaomi’s New Robot Dog Can Do Backflips Off a Skateboard

Below excerpt and title of this article reported by Chen. J. (2024, February 21). Xiaomi’s New Robot Dog Can Do Backflips Off a Skateboard. INVERSE

‘All the dog, none of the responsibilities. Xiaomi showed off its second-generation robot dog called the CyberDog 2 during its CEO’s annual keynote. We got to see a few of the CyberDog 2’s tricks in some Twitter videos where it even backflipped off a skateboard. So far, the Cyberdog 2 looks slightly less creepy than Xiaomi’s first attempt at a robo-companion that was announced back in August 2021.’

Read on INFYNIT Social
Technology

Central China to build assembly line for giant airships

Below excerpt and title of this article reported by Xinhua. (2019, March 3). Central China to build assembly line for giant airships. China Daily

‘The central Chinese city of Jingmen will build an assembly line for large cargo airships to be developed by a Sino-French joint venture.’
‘The joint venture set up by French company Flying Whales and China Aviation Industry General Aircraft Co Ltd (AVIC) aims to develop large-capacity airships targeting the global market, the AVIC Research Institute told Xinhua on Saturday.’

Read on INFYNIT Social
Political

A 500-million-dollar business! America’s state-sponsored anti-China propaganda

Below excerpt and title of this article reported by Helsinki Times. (2022, February 28). A 500-million-dollar business! America’s state-sponsored anti-China propaganda. Helsinki Times

‘500 million. That’s the sum of money the US congress planned to allocate to churn out negative news coverage on China. First reported by American Prospect on Feb. 9, the bill was stuffed into the China-centered America COMPETES Act’

Read on INFYNIT Social
Political

”US will not die for us” Former Philippines President

Below excerpt reported by Yuwei. H., Wei. F., and Zhidong. Z. (2024, April 12). [GT exclusive: Former Philippine president Duterte warns Manila to turn back from detrimental path, resolve disputes through dialogue. Global Times

‘GT: Based on current China-Philippines relations, what kind of message would you like to convey to the people of both the Philippines and China?’
‘Duterte: First of all, I would like to express my deep appreciation for China and the Global Times for coming here to interview us and talk about the relations between China and the Philippines. We should deal with the geopolitical mess that we are in. So China could get a clear view, at least around the former president of what we would like to happen between the Philippines and China.’

Read on INFYNIT Social
Political

Trump’s Truth Social valued at nearly $8bn as it goes public in New York. Trump Media’s has netted the former president a paper fortune of some $4.6bn…

Below excerpt reported by Jones. C. (2024, March 24). Trump’s Truth Social valued at nearly $8bn as it goes public in New York. The Guardian

‘The firm behind Donald Trump’s Truth Social went public on Tuesday at a price that values the minnow social network at close to $8bn.’
‘Shares in Digital World Acquisition, the shell company with which Trump’s social media business has merged, have been surging since the turn of the year.’

Read on INFYNIT Social
Technology

Nuclear Powered Airship that never lands and can carry 5,000 Passengers

Below excerpt reported by Darma. Z. S. (2022, June 28). Inside the ‘flying hotel’ that never lands. Condé Nast Traveller

Inside the ‘flying hotel’ that never lands’
‘An outlandish new flying hotel concept is offering travellers an incredibly unique travel experience that seems straight out of a retro-futurism movie.’

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Technology / Automobile

BYD plans to open its Hungarian EV factory within three years

Below excerpt and title of this article reported by Westerheide. C. (2024, February 16). BYD plans to open its Hungarian EV factory within three years. Electrive

‘BYD plans to open its first European electric car factory in Hungary within three years. The Chinese manufacturer announced the project at the signing of the preliminary purchase agreement for the property in Szeged, Hungary.’

Read on INFYNIT Social
Technology

Tesla To Fire 10% Workforce, 14,000 Employees Brace For Sacking: Report

Below excerpt and title of this article reported by Sharma. M. (2024, April 16). [Tesla To Fire 10% Workforce, 14,000 Employees Brace For Sacking: Report. NDTV World

‘The move comes ahead of the tech billionaire’s meeting with Prime Minister Narendra Modi on his visit on India some time this month.’
‘The announcement comes days after Tesla reported a drop in auto deliveries even though it implemented a series of price cuts on its EVs to boost demand.’

Read on INFYNIT Social
City

Scholz says China builds cities faster than Germany approves house

Below excerpt and title of this article reported by huaxia. (2024, March 24). Scholz says China builds cities faster than Germany approves house. Xinhua

‘German Chancellor Olaf Scholz said that China builds cities faster than Germany approves a house, local media Bild reported.’
‘Scholz made the remark at a discussion organized by the German think-tank Bertelsmann Stiftung this week when talking about reducing the country’s bureaucracy.’

Read on INFYNIT Social
Political

U.S. loses its spot to China as Southeast Asia’s most favored ally, survey shows

Below excerpt and title of this article reported by Chiang. S. (2024, April 3). U.S. loses its spot to China as Southeast Asia’s most favored ally, survey shows. CNBC

‘• China emerges as the preferred choice over the U.S. if the Southeast Asia region were forced to align itself in the ongoing U.S.-China conflict, new survey findings showed.’
‘• This is the first time Beijing edged past Washington since 2020. The U.S. as a preferred choice dropped to 49.5% from 61.1% last year.”

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Political

China’s President Xi Jinping says nobody can stop ‘family reunion’ with Taiwan

Below excerpt and title of this article reported by CNA. (2024, April 10). China’s President Xi Jinping says nobody can stop ‘family reunion’ with Taiwan. China News Asia

‘Chinese President Xi Jinping told former Taiwan president Ma Ying-jeou on Wednesday (Apr 10) that outside inference could not stop the “family reunion” between the two sides of the Taiwan Strait, and that there are no issues that cannot be discussed.’

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Technology / Automobile

One Car Every 76 Seconds: Inside Xiaomi’s Smart Super Factory

Below excerpt and title of this article reported by Luchian. E. (2024, April 5). One Car Every 76 Seconds: Inside Xiaomi’s Smart Super Factory. Auto Evolution

‘The SU7 is the first car that smartphone manufacturer Xiaomi has unveiled. It happened on March 28, and the model has already entered production. Xiaomi builds the sedan at the Xiaomi Super Factory in Beijing, China.’

Read on INFYNIT Social
Political

Costs of the 20-year war on terror: $8 trillion and 900,000 deaths

Below excerpt and title of this article reported by Kimball. J. (2021, September 1). Costs of the 20-year war on terror: $8 trillion and 900,000 deaths. Brown

‘A report from the Costs of War project at Brown University revealed that 20 years of post-9/11 wars have cost the U.S. an estimated $8 trillion and have killed more than 900,000 people.’

Read on INFYNIT Social
BRICS vs G7

An additional 10 trillion US dollars in military spending may be deemed necessary by the US and G7 nations over the next decade, as suggested by a recent report

Below excerpt reported by Stirling. C. (2024, April 9). A $10 Trillion Race to Rearm Will Test Budgets. Bloomberg

‘For the US and its Group of Seven allies, that would equate to more than $10 trillion (US Dollars) of additional commitments over the next decade, according to calculations by Bloomberg Economics.’

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Technology

How US company Nvidia Became Worth More Than Google And Amazon

Below excerpt reported by Unnanu. How US company Nvidia Become Worth More Than Google And Amazon. Unnanu

‘Nvidia’s ascension to surpass the market capitalization of tech titans like Google and Amazon can be attributed to its strategic diversification, which saw the company expand its horizons from gaming into the realms of artificial intelligence (AI), data centers, and beyond.’

Read on INFYNIT Social
Brics vs G7

Report: Russia sends military trainers and air-defence system to Niger, says Niger state TV, Niger gov plans infrastructure partnerships with China on railway network, China Invests in Niger New Industrial Park, Uranium and Oil Production, Niger Orders American Troops to Leave Its Territory, and Niger Expels France from Country, Reclaims Gold and Uranium Mines

Read on INFYNIT Social
Brics vs G7

Iraq invites China to bid for 17 billion US dollar Mega Rail project

Below excerpt reported by ZAWYA. (2024, January 19). [Iraq invites Chinese firms for mega rail project. ZAWYA

‘Iraq has asked Chinese companies to bid for projects within a $17-billion scheme to build a 1,200 km long rail line stretching from South Iraq towards the border with Turkey in the North, according to Iraqi media.’

Read on INFYNIT Social
Brics vs G7

Ahead of Joining BRICS, Iraq Issues Ban on U.S. Dollar Transactions

Below excerpt and title of this article reported by Watcher.Guru. (2023, May 17). Ahead of Joining BRICS, Iraq Issues Ban on U.S. Dollar Transactions. Crypto Rank

‘The Interior Ministry of Iraq issued a ban on U.S. dollar transactions across the country. Iraq is one among the 24 countries that have shown interest to join the BRICS alliance and accept the new currency for global trade’

Read on INFYNIT Social
Brics vs G7

Iraq 2 billion dollar new city breaks ground with 2 Chinese Construction companies

Below excerpt and title of this article reported by Al-Ansary. K. (2023, December 28). Iraq Breaks Ground on $2 Billion Project to Build New City. BNN Bloomberg

‘Iraq broke ground Wednesday on a $2 billion project to build a residential city outside of Baghdad, with two Chinese firms starting construction on 30,000 housing units.’

Read on INFYNIT Social
Education

US College graduate numbers decline for second year in a row

Below excerpt and title of this article reported by Greenfield. N. M. (2024, April 11). College graduate numbers decline for second year in a row. University World News

‘The 2.8% decrease in the number of college students who graduated in the United States at the end of the 2022-23 academic year was almost double the previous year’s decline (1.5%) when there were 3,541,343 graduates.’

Read on INFYNIT Social
Education

China to have 11.79M university graduates in 2024

Below excerpt and title of this article reported by Xinhua. (2023, December 6). China to have 11.79M university graduates in 2024. The State Council Information Office The People’s Republic Of China

‘The estimated number of university graduates across China in 2024 is expected to reach 11.79 million, an increase of 210,000 compared to the previous year, Chinese authorities said on Tuesday.’

Read on INFYNIT Social
Economy

Iraq, China Rebuilding 1000 Schools, 100’s of thousands of homes, new Universities after infrastructure destroyed by US Invasion. Trade between China and Iraq reached around $50 billion last year. China is the largest importer of Iraqi oil.

Below excerpt reported by News Desk. (2024, January 4). China ‘actively involved’ in Iraq’s reconstruction. The Cradle

‘In 2019, Iraq signed a 20-year contract, agreeing to supply Chinese firms with 100,000 barrels per day (bpd) of crude oil, with the revenue earmarked for funding various development projects in Iraq undertaken by Chinese firms.’

Read on INFYNIT Social
Economy

China invests Approx 643.75 billion USD on Education in 2024

According to Statista (Textor, 2024), Public expenditure on education in China from 2013 to 2023.

‘In 2023, public spending on education in China reached 4.12 trillion yuan. Education expenditure increased continuously over recent years, but growth rates are considerably lower than ten years ago.’

Read on INFYNIT Social
Economy

China 5 Million (STEM) Science, Technology, Engineering and Mathematics Graduates each year.

Below excerpt reported by Haifeng. Q. (2024, April 9). [China’s demographic dividend is turning into talent dividend. Alwihda Info

‘Approximately 50 percent of the world’s leading artificial intelligence (AI) researchers are trained in Chinese universities, making China the top provider of elite AI talents globally.

Read on INFYNIT Social
Technology

China Invests $51.51 billion in with a focus on basic research, applied basic research, and national strategic tasks in science and technology for 2024

Below excerpt article reported by Yeping. Y. (2024, March 5). China pledges to facilitate new quality productive forces with intensified technology innovation. Global Times

‘Deeper reform, opening-up on all fronts expected for greater self-reliance, strength in science and technology’

Read on INFYNIT Social
Political

Exclusive—Iraq Militia Warns US Troops Will Exit ‘in Coffins’ If Biden Won’t Withdraw.

Below excerpt and title of this article reported by Connor. T. (2024, March 27). Exclusive—Iraq Militia Warns US Troops Will Exit ‘in Coffins’ If Biden Won’t Withdraw. News Week

‘We respect the right of peoples to live in peace, and it is our right to have peace in our country without American military forces on the land of Iraq. The Iraqi people respect all peoples but reject the military presence on the land of Iraq,” Tamimi said. “If these forces do not withdraw, they will be sent with coffins, and we will destroy the American bases.”‘

Read on INFYNIT Social
Political

US Military being pushed out of Africa?

Below excerpt and title of this article reported by Tait. R. (2024, March 22). US fears Russia’s influence in Africa after Niger junta cancels security pact. The Guardian

‘US policymakers are scrambling after the ruling military junta in Niger cancelled a mutual security pact that could lead to American forces being expelled, stirring fears of a loss of vital influence to Russia in west Africa.’

Read on INFYNIT Social
Political

China’s Xi, former Taiwanese president push unification

Below excerpt and title of this article reported by Yang. W. (2024, April 10). China’s Xi, former Taiwanese president push unification. VOA

‘Chinese leader Xi Jinping met former Taiwanese President Ma Ying-jeou at the Great Hall of the People in Beijing on Wednesday, wrapping up an 11-day “journey of peace” aimed at promoting unification between Taiwan and China.’

Read on INFYNIT Social
Political

US won’t let China take Taiwan chip-makers ‘intact’

Below excerpt and title of this article reported by Salerno-Garthwaite. A. (2022, November 30). [US won’t let China take Taiwan chip-makers ‘intact’. Army Technology

Scorched-earth strategy
‘The US Army War College Press published a paper in November 2021 recommending that the US make credible threats to destroy Taiwan Semiconductor Manufacturing Company (TSMC) facilities, eliminating the most important supplier of micro-processing chips to China and the World.’

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Technology

Intel discloses $7 billion operating loss for chip-making unit

Below excerpt and title of this article reported by Nellis. S. and Cherney. M. A. (2024, April 3). Intel discloses $7 billion operating loss for chip-making unit. Reuters

‘Intel said the manufacturing unit had $7 billion in operating losses for 2023, a steeper loss than the $5.2 billion in operating losses the year before. The unit had revenue of $18.9 billion for 2023, down 31% from $27.49 billion the year before.’

Read on INFYNIT Social
Technology

Google settles $5 billion privacy lawsuit over tracking people using ‘incognito mode’

Below excerpt and title of this article reported by The Associated Press. (2023, December 30). Google settles $5 billion privacy lawsuit over tracking people using ‘incognito mode’. NRP

‘Google has agreed to settle a $5 billion privacy lawsuit alleging that it spied on people who used the “incognito” mode in its Chrome browser — along with similar “private” modes in other browsers — to track their internet use.’

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Technology

6G the next Billion Dollar Infrastructure and Massive R & D Investment to Drive Economic Growth. Here is a guide of the Promises of 6G.

Below excerpt reported by Huawei 6G Research Team. (2021, November). 6G will serve as a distributed neural network that provides communication links to fuse the physical and cyber worlds. Huawei

6G will serve as a distributed neural network that provides communication links to fuse the physical and cyber worlds.
‘6G is the next-generation advanced mobile communications system, but it will go far beyond communications. 6G will serve as a distributed neural network that provides communication links to fuse the physical, cyber, and biological worlds, truly ushering in an era in which everything will be sensed, connected, and intelligent. This in turn will lay a solid foundation for Intelligence of Everything in the future.’

Read on INFYNIT Social
Technology

China has launched the world’s first 6G satellite, which promises speeds 100 times faster than 5G. This revolutionary technology brings together synthetic (AI, robotic/machine automation, 3D & digital) and biological (human & physical) existence for co-evolution. China seems to be leading the world and is on track to commercialize this technology by 2030.

Below excerpt reported by TOI Tech Desk. (2024, February 21). China Mobile launches world’s first Test 6G Satellite: What makes this important. The Times of India

‘China Mobile, a Chinese government-owned telecom operator, recently announced the launch of the world’s first 6G satellites, marking China’s advancement in the field of emerging communication technologies. According to a report in IoT World, two experimental satellites have been deployed into low-Earth orbit (LEO). One of these satellites is equipped with 6G architecture, a joint development of China Mobile and the Innovation Academy for Microsatellites of the Chinese Academy of Sciences.The other satellite utilises China Mobile’s 5G technology.’

Read on INFYNIT Social
BRICS vs. G7

Russia and Iran finalize 20 years trade deal “that will change the middle east forever”

Below excerpt reported by Watkins. S. (2024, January 22). Russia And Iran Finalize 20-Year Deal That Will Change The Middle East Forever. Crude Oil Price Today

‘• Iran’s Supreme Leader Ayatollah Khamenei gave his official approval to a new 20-year comprehensive cooperation deal between the Islamic Republic of Iran and Russia.
• The agreement will replace the 10-year-deal signed in March 2001 and has been expanded not only in duration but also in scope and scale.
• The new deal includes far-going agreements on defense and energy.’

Read on INFYNIT Social
BRICS vs. G7

China 400 billion dollars, 25 years investment in Iran enters implementation stage.

Below excerpt reported by Motamedi. M. (2022, January 15). [Iran says 25-year China agreement enters implementation stage. Aljazeera

‘Tehran, Iran – A 25-year comprehensive cooperation agreement signed between Iran and China last year has now entered the implementation stage, according to Iran’s foreign minister.’
‘Hossein Amirabdollahian, in his first visit to China as foreign minister, announced the news late Friday after a meeting with his Chinese counterpart Wang Yi.’

Read on INFYNIT Social
BRICS vs. G7

The EU and the West lose approximately 548 billion USD in trade with Russia. Russia replaces trade with the EU and the West with an equal volume of 548 billion USD with China and friendly nations.

Below excerpt article reported by RT. (2024, April 3). [Russia less reliant on oil and gas exports – PM. RT

‘Russia’s trade volume with “friendly nations” surpassed $548 billion last year, which was roughly equal to the turnover Russia had with the whole world, including the Western nations, four years ago, according to the prime minister.’

Read on INFYNIT Social
Financial

Report: “Russia could pay off its entire external debt tomorrow, in cash.” (Debt reduced by 14.9%, 57 Billion USD, Largest Economy in Europe and Fifth Largest Globally)

Below excerpt reported by Aris. B. (2024, March 30). Russia could pay off its entire external debt tomorrow, in cash. bne IntelliNews

‘At the same time gross international reserves have been rising and are now hovering around $600bn at the end of the first quarter. Half of these reserves are frozen. About $150bn are in monetary gold (up from $135bn pre-war) and the rest in yuan.’

Read on INFYNIT Social
Health

‘Blood on Its Hands’: (US) FDA Will Remove Anti-ivermectin Social Media, Website Posts Under Lawsuit Settlement Agreement

Below excerpt and title of the article reported by Baletti. B., Ph.D. (2024, MARCH 22). ‘Blood on Its Hands’: FDA Will Remove Anti-ivermectin Social Media, Website Posts Under Lawsuit Settlement Agreement. The Defender — Children’s Health Defense’s News & Views

“The FDA demonized ivermectin, which is a highly effective drug for the early treatment of COVID. The consequences of this, and what has to be clear is that this led directly to the death of millions of people,” Marik said. “So the FDA has blood on its hands.”

Read on INFYNIT Social
Cryptocurrency / BRICS vs, G7

Hong Kong, the UAE, and Singapore are anticipated to benefit billions of dollars from the exodus of US crypto and blockchain companies as the US industry faces “Mammoth Losses”. The US government has taken six major enforcement actions that could end the US crypto industry, as listed below.

US Crypto Industry faces “mammoth loss”, Crypto Industry Continues to Leave US, US Judge Backs SEC: Trading of Certain Cryptocurrencies on Secondary Markets Are Securities Transactions.

Read on INFYNIT Social
Technology / BRICS vs. G7

US Company, INTEL and AMD expected to lose billions as China bans purchases and Home Grown Chips Perform.

Step 1. China bans purchase of Intel and AMD processors, Microsoft Windows for government computers
According to the article reported by Sharwood. S. (2024, March 25). Beijing issues list of approved CPUs – with no Intel or AMD. The Register
China wants “safe and reliable” processors and operating systems. (Will be replaced by Chinese made and approved products.)

Read on INFYNIT Social
Technology / BRICS vs. G7

China increases efforts to remove all US Tech with homegrown Alternatives by 2027?

Could the US lose China, its previous largest Tech consumer by 2027?
What will this mean for the US Economy?
Will BRICS nations follow?

Read on INFYNIT Social
Telecommunication

US firm AT&T says data of 73 million customers leaked on ‘dark web’.

Below excerpt and title of the article reported by Aljazeera. (2024, March 31). US firm AT&T says data of 73 million customers leaked on ‘dark web’. Aljazeera

‘In a statement on Saturday, the telecommunication network – the largest in the United States – said a recently discovered dataset on the “dark web” contained information for about 7.6 million current AT&T account holders and 65.4 million former users, totalling about 73 million affected accounts.’

Read on INFYNIT Social
Technology / BRICS vs. G7

Is 2024 the Start of the End of US Tech companies having any significant market share in China and BRICs nations?

Will the US implement more security policies to shield its tech companies from Chinese competition, both domestically and with G7 allies? What implications does this hold for the US and G7 countries? Will the US change its policy and compete against China on progress and allow new domestic and foreign competition will they continue the same direction..?
What does that mean for US and G7 countries? Will they fall behind China even further?

Read on INFYNIT Social
BRICS vs. G7

China is teaching the likes of Apple and Tesla a very painful business lesson (Apple sales down approx. 24% in China. January to February 2024, Tesla suffers huge slump in China Sales)

Below excerpt reported by Chowdhury. H. and Batarags. L. (2024, March 1). China is teaching the likes of Apple and Tesla a very painful business lesson. Business Insider

‘Apple’s been struggling to get new iPhones into the pockets of Chinese consumers, with data from Counterpoint Research showing that sales plummeted by 24% in the first six weeks of the year.’
‘Tesla, meanwhile, suffered a huge slump in shipments from its Shanghai gigafactory last month, with 60,365 vehicles shipped, Bloomberg reported. That’s 16% lower than its shipments in January and 19% lower than the same month last year, data from the China Passenger Car Association shows.’

Read on INFYNIT Social
Trading / BRICS vs. G7

Tesla Stock Is Plunging Down 29.25% in the first quarter, the worst performer on the S&P 500

Below excerpt reported by Carson. E. (2024, March 30). Tesla Stock Is Plunging, But At Least It’s Cheaper, Right? Nope. Investor’s Business Daily

‘Tesla stock plunged 29.25% in the first quarter, the worst performer on the S&P 500. Shares are 57.5% below their late 2021 all-time high.’

Read on INFYNIT Social
Automobile / BRICS vs. G7

Huawei M7 EV Car reported 500K Orders. (Huawei is not just an EV car company but a digital ecosystem. US companies Telsa and Apple sales in China continue to decline.)

Is this the start of the end for Tesla and Apple in China and then BRICs nations?

Below excerpt reported by Helou. E. A. (2023, October 12). Huawei’s Aito gets 500,000+ orders for M7 luxury EV since relaunch. Middle East Economy

Huawei’s Aito gets 500,000+ orders for M7 luxury EV since relaunch
‘Huawei’s consumer appeal drives success in China’s EV market’
‘Analysts laud the initial triumph of electric SUVs as more than 500,000 orders flooded in within the first 25 days of the Aito M7’s relaunch in September. This success is attributed, in part, to Huawei’s significant consumer appeal in China, leveraging its extensive network of retail stores.’

Read on INFYNIT Social
Automobile / BRICS vs. G7

Xiaomi Challenges Elon Musk’s Tesla, Rakes In 120K Orders For First EV In 36 Hours. (Tesla sold 60,365 China-made vehicles in February 2024)

Is this the start of the end for Tesla in China and then BRICS nations?

Xiaomi is not just an EV car company but a digital ecosystem. US companies Telsa and Apple sales in China continue to decline
Telsa Stock falls approx 29% last 12 months and continues sales decline in China. Approx 30 percent of Tesla sales are from China

Read on INFYNIT Social
Cryptocurrency

Reported: US Government Seeks 2 Billion in fines from Ripple Labs / Ripple leaves the U.S. market: Company hires in other countries

Below excerpt reported by Godoy. J. (2024, March 24). US SEC seeks $2 billion from Ripple Labs, chief legal officer says. Reuters

‘US SEC seeks $2 billion from Ripple Labs, chief legal officer says’
‘March 25 (Reuters) – The U.S. Securities and Exchange Commission is seeking fines and penalties totaling $2 billion in its case against Ripple Labs over sales of the cryptocurrency XRP, the company’s chief legal officer said in a social media post on Monday.’

Read on INFYNIT Social
Cryptocurrency

24 Firms Eyeing Crypto Exchange License in Hong Kong — Here’s The Full List

Below excerpt and title of the article reported by Oi. R. (2024, February 29). 24 Firms Eyeing Crypto Exchange License in Hong Kong — Here’s The Full List. Fintech Hong Kong

‘Hong Kong has emerged as a significant battleground for crypto exchange platforms seeking to secure a license from the Securities and Futures Commission.’

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Technology

Famous Analyst expects China Domestic Chip and Software Powered Huawei Mobile P70 Series to Break Shipment Records (approx 230% Increase/13-14 million units) 2024

Below excerpt reported by Ertuğ. V. O. (2023, November 28). Important claim from Apple analyst! Huawei P70 sales could break records. ShiftDelete.Net

‘According to the analyst, Huawei P70 shipments are likely to break records and increase by 230 percent compared to last year. In this sense, shipments are likely to reach 13-15 million units on an annual basis.’

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Technology

In 2024, Huawei mobile phones are expected to dominate sales with the release of three new phones powered by Chinese-made chips and software. Meanwhile, Apple continues to lose market share in China.

Below excerpt reported by Choi. J. (2024, March 25). Huawei to Launch Another 5G Phone. Business Korea

‘The Huawei P70 series is expected to be launched in three models: the base model, the P70 Pro, and the P70 Art. The main camera will feature a 1-inch sensor and is expected to include a 50-megapixel ultra-wide lens, among other features.’

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Technology

Report, 2024 China moves away from Western Tech including US CPU’s, Computer Desktops and Server Operations. US Tech does not pass Chinas Security Report. Will BRICS nations follow? Will 2024 be the Exodus of US Tech from BRICS?

With Chinese domestic tech production not reliant on the US, will China become the worlds largest Chip, Mobile Device, Software and PC exporter? Will BRICS nations source directly from China for all technology?
Beijing issues list of approved CPUs – with no (US) Intel or AMD (reports inside China, phasing out of Intel and Windows PC)

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Financial / Cryptocurrency

Qatar makes belated entry into crypto tokens market

Below excerpt and title of this article reported by Merani. M. (2023, October 12). Qatar makes belated entry into crypto tokens market. Arabian Gulf Business Insight

‘Qatar’s financial regulators have proposed a new digital assets framework which seeks to regulate investment tokens.’
‘Bardawil said introducing a virtual asset framework positions Qatar, with a population of about 2.5 million, for a trifecta of economic boons.’

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Health

(US) New Report Measures Scope of Damage From Medical Mistakes (Reported Approx 795,000 People Injured)

Below excerpt and title of this article reported by HealthDay. (2023, July 20). New Report Measures Scope of Damage From Medical Mistakes. US News

‘THURSDAY, July 20, 2023 (HealthDay News) — About 795,000 Americans die or are permanently disabled every year due to misdiagnosed medical conditions.’

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Financial / Cryptocurrency

Coinbase warns users could lose their crypto holdings if the company goes bankrupt.

Below excerpt and title of this article reported by Canales. K. (2022, May 11). Coinbase warns users could lose their crypto holdings if the company goes bankrupt. Business Insider

‘Coinbase said its users’ crypto assets could become company property if it went bankrupt.
The company added the disclosure for the first time in its earnings report Tuesday.’

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Financial

BlackRock clients pull $13 billion from long term investment funds

Below excerpt and title of the article reported by Reuters. (2023, October 13). BlackRock clients pull $13 billion from long term investment funds. Business Standard

‘BlackRock Inc. clients pulled a net $13 billion from long-term investment funds, the first outflows since the onset of the pandemic in 2020.’

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Financial

Texas pulls $8.5B from BlackRock in stunning blow to ESG movement

Below excerpt and title of the article reported by Catenacci. T. (2024, March 19). Texas pulls $8.5B from BlackRock in stunning blow to ESG movement. Fox Business

‘Texas ‘will not stand idle as our financial future is attacked by Wall Street,’ said State Board of Education Chairman Aaron Kinsey’

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Culture, Race, and Happiness Index

One in Four Young Adults Want to Leave America — Here’s Why

Below excerpt and title of the article reported by Relevant Staff.  (2023, November 15) One in Four Young Adults Want to Leave America — Here’s Why. Relevant

‘A new survey from Preply found that one in four Gen Z Americans have expressed a desire to live outside the U.S. As of 2020, nearly three million people born in the U.S. were living in countless different countries, and no other country has sent as many emigrants to as many places.’

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Culture, Race, and Happiness Index

US The Next Generation Will Know Debt Like No Other.

Below excerpt reported by Peter G. Peterson Foundation. US falls out of world’s top 20 happiest countries list for the first time ever. Peter G. Peterson Foundationn

‘They are burdened by record student debt. They are entering the workforce during a time of unprecedented economic uncertainty, in a nation with crumbling infrastructure, a climate in crisis, and rising inequality.’

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Culture, Race, and Happiness Index

Study, US Ranks 62nd in the world for “Happiness” for US Citizens Under 30

Below excerpt reported by Yang. M. (2024, Mar 24). US falls out of world’s top 20 happiest countries list for the first time ever. The Guardian

‘Among people below the age of 30 from 2021 to 2023, the US ranks 62nd in “happiness”.’
‘The US has fallen out of the top 20 happiest countries to live in for the first time ever, according to a new report.The US has fallen out of the top 20 happiest countries to live in for the first time ever, according to a new report.’

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Global Trade

UAE Attracts Record 23 Billion in FDI. Is UAE Number 1 in Global Startup Funding?

Below excerpt reported by Jooris. L. (2024, January 4). 2023 UAE Startup Ecosystem Overview. Dubai Chronicle

UAE’s achievement of attracting a record US$23 billion in Foreign Direct Investment (FDI) in 2023′
‘The UAE’s start-up ecosystem has flourished remarkably, particularly in acclaimed business centers such as the Dubai Multi-Commodities Center (DMCC). During the first half of the year, the DMCC experienced a surge in growth, welcoming 1,456 new companies and elevating its total membership to an impressive count of over 23,000.’

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Culture, Race, and Happiness Index

TikTok ban contributes to larger trend of xenophobia

Below excerpt and title of the article reported by Muthukrishnan. S. (2023, February 14). TikTok ban contributes to larger trend of xenophobia. The Daily Texan

A 2020 study by Stop AAPI Hate found that “one in 10 tweets by politicians about Asian Americans included racist or stigmatizing language.”
This trend of xenophobia was reinforced through Texas’ TikTok ban.
“This (rise in xenophobia against Chinese individuals) is nothing new, it’s part of a much longer history of the U.S. approaching China as a major global competitor,” said Laurel Mei-Singh, assistant professor of Asian American Studies and geography.

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Culture, Race, and Happiness Index

The Tesla CEO accuses the media of being racist towards Whites and Asians.

Below excerpt and title of the article reported by Olinga. L. (2023, February 27). Elon Musk Takes a Stand on Racism. The Street

‘Elon Musk, the billionaire CEO of Tesla (TSLA) , is not afraid to meddle in all subjects.’
‘Sometimes he even gives the impression of seeking to intervene in the most burning issues, those which divide society and often call for close attention to the facts presented and to be wary of possible misinformation.’

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Culture, Race, and Happiness Index

What Elon Musk Gets Right About Anti-Asian Bias In Elite College Admissions

Below excerpt and title of the article reported by Rim. C. (2023, February 27). What Elon Musk Gets Right About Anti-Asian Bias In Elite College Admissions. Forbes

‘Anti-Asian bias is an open secret at elite institutions—Elon Musk is ready to talk about it.’
‘When I applied to Yale University as a high school senior, I was told to expect rejection. There were plenty of reasons that I should not have held my breath—eighteen students in my graduating class were vying for the limited seats at Yale, my GPA was a less-than-stellar approximate 3.7 unweighted, and my test scores were lower than those of all of the other applicants from my high school. Rather than focusing all my effort on academics throughout high school, I had devoted my time to founding a nonprofit organization aimed at promoting bystander intervention and bringing emotional intelligence (EQ) into the classroom. Following my authentic passions allowed me to make meaningful change in my community, but it did not yield stand-out grades and test scores. In addition, no one from my school had been accepted to Yale within the past decade.’

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Culture, Race, and Happiness Index

(US) Rep. Cori Bush pushes for federal reparations…14 trillion for Black Americans to “close the racial wealth gap,” according to Rep. Bush.

Below excerpt reported by Peterson. B. (2023, May 20). Rep. Cori Bush says $14 trillion reparations bill will ‘eliminate the racial wealth gap’. ABC News

US) Rep. Cori Bush says $14 trillion reparations bill will ‘eliminate the racial wealth gap’
The bill notes the White House and Congress were built by enslaved Black people.
‘The United States has a moral and legal obligation to provide reparations for the enslavement of Africans and its lasting harm on the lives of millions of Black people in the United States,” H.R. 414 declares.’

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Technology

TikTok Finds a New Defender: Elon Musk

Below excerpt and title of the article reported by Zeff. M. (2024, March 12). TikTok Finds a New Defender: Elon Musk. Yahoo Tech

‘Elon Musk spoke out against the United States’ potential ban on TikTok, owned by China-based ByteDance, in a tweet on Tuesday, saying the law is all about “censorship and government control.” Musk has previously expressed discomfort with TikTok’s addictive algorithm, but this stance fits with his “free speech absolutism”—at least, when that’s what he wants you to think.’

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Technology

Former (US) Treasury Secretary Steve Mnuchin says he’s going to put together investor group to buy TikTok

Below excerpt and title of the article reported by Daily Herald. (2024, March 14). Former Treasury Secretary Steve Mnuchin says he’s going to put together investor group to buy TikTok. Daily Herald

Former Treasury Secretary Steven Mnuchin says he’s going to put together an investor group to buy TikTok, a day after the House of Representatives passed a bill that would ban the popular video app in the U.S. if its China-based owner doesn’t sell its stake.

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Technology

Trump says a TikTok ban would empower Meta, slams Facebook as ‘enemy of the people’

Below excerpt and title of the article reported by Browne. R. (2024, March 12). Trump says a TikTok ban would empower Meta, slams Facebook as ‘enemy of the people’. CNBC

Donald Trump, the presumptive Republican presidential nominee and former U.S. president, told CNBC he fears that banning Chinese-owned social app TikTok would only serve to empower Facebook, which he labelled an “enemy of the people.

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Political

Indian born American US Government Representative Raja Krishnamoorthi is one of the sponsors of the Bill to ban TikTok.

Here are some of the current and past initiatives of US rep Raja Krishnamoorthi,
Source: Gallagher, Bipartisan Coalition Introduce Legislation to Protect Americans From Foreign Adversary Controlled Applications, Including TikTok
“Rep Raja Krishnamoorthi has previously also called for the US and India to leverage their strength to provide viable alternative to Chinese authoritarian model.“

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Culture, Race, and Happiness Index

US Rep Jamaal Bowman reported to describe TikTok Ban as “Racist”

Below excerpt article reported by Nava. V. (2023, March 22). Rep. Jamaal Bowman blasts efforts to ban TikTok as ‘racist’. New York Post

During a press conference outside the Capitol Building, Bowman (D-NY), flanked by dozens of social media influencers, as well as Rep. Robert Garcia (D-Calif.) and Mark Pocan (D-Wisc.), urged lawmakers and the public to “not be racist towards China and express our xenophobia when it comes to TikTok.

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Technology / Biology

Will Humans replace computer storage systems?

DNA used as a storage system can replace all current storage systems in the world. Technically it could be possible that every person can allocate a portion of their DNA to store there own data and possibly the worlds data. Does this mean humans will eventually replace computers or can we synthetic and biological systems both co-evolve ?

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Financial

As the US Government Reaches $34 Trillion Dollars in Debt, Homelessness in America Reaches Record High (650K reported).

Below excerpt article reported by Ludden. J. (2023, December 15). Homelessness in the U.S. hit a record high last year as pandemic aid ran out. NPR

Homelessness in America spiked last year, reaching a record high, according to an annual count that provides a snapshot of one night in January. The report, released today by the department of Housing and Urban development, found more than 650,000 people were living in shelters or outside in tents or cars. That’s up a whopping 12% from the year before.

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Financial

Housing is now unaffordable for a record half of all U.S. renters, study finds

Below excerpt article reported by Ludden. J. (2024, January 25). Housing is now unaffordable for a record half of all U.S. renters, study finds. NPR

As the Harvard report notes, U.S. homelessness rates hit a record high last year. The Biden administration and housing experts link that squarely to a severe housing shortage that has helped drive up prices.

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Political

Biden and Trump Clinch Presidential Nominations

Below excerpt article reported by Rinaldi. O., & Navarro. A. (2024, March 13). Biden and Trump clinch 2024 presidential nominations, teeing up general election rematch. CBS News

CBS News estimates that Trump will be the presumptive 2024 Republican nominee after his win in Washington, amassing the 1,125 delegates needed to clinch the GOP nomination. He also won the day’s Georgia and Mississippi primaries, CBS News projected.

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Culture, Race, and Happiness Index

20K US Scientists of Chinese Descent Leave US (75% increase)

Below excerpt and title of the article reported by Trager. R. (2023, August 2). Scientists of Chinese descent leaving the US at an accelerating pace. Chemistry World

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 … coinciding with the launch of the China Initiative in 2018…

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Culture, Race, and Happiness Index

33% Indians in America say they’d like to return (to India), says Pew research

Below excerpt and title of the article reported by Phadnis. A. (2023, July 19). 33% Indians in America say they’d like to return, says Pew research. Business Standard

Seventy-six per cent of Indian American adults have a favourable opinion of India but when asked whether they would ever move to India, 65 per cent Indian adults say they would rather stay in the US, compared with 33 per cent who say they would like to move back.

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BRICS vs G7 / Technology

China Creates 27 Billion Dollar Fund for Chip Manufacturing

Below excerpt article reported by Tanna. S. (2024, March 8). China prepares $27 billion chip fund to counter growing US restrictions, Bloomberg reports. Reuters

China prepares $27 bln chip fund to counter growing US restrictions, Bloomberg reports
China is in the process of raising more than $27 billion for its largest chip fund to date to accelerate the development of cutting-edge technologies to counter a U.S. campaign to thwart its rise, Bloomberg News reported on Friday.

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BRICS vs US / Political

US Intelligence warns: China now leads world in Nuclear and Conventional hypersonic missiles…Russia has also deployed three types of ultra-high-speed maneuvering weapons that can also be equipped with nuclear or conventional warheads and fired the first hypersonic weapon in combat…

Below excerpt article reported by Adam. R. (2024, March 13). China now leads world in nuclear and conventional hypersonic missiles, US intelligence warns. News Net Daily

China now leads world in nuclear and conventional hypersonic missiles, US intelligence warns
Jeffrey McCormick, an intelligence analyst at the (US) Defense Intelligence Agency’s National Air and Space Intelligence Center, said China has “significantly” tested and built hypersonic missiles over the past two decades for nuclear and conventional strike systems against the United States and that it now had “first place in the world”. first hypersonic arsenal.

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BRICS vs G7 / Cryptocurrency

Tether’s Offshore Chinese Yuan Stablecoin: An Alternative to USDT for BRICS Nations?

Will Tether’s Chinese Yuan Stablecoin Replace USDT in Market Cap as BRICS Nations Reduce Reliance on US Dollars? Is This a Solution for BRICS Nations Who Do Not Want to Trade in US Dollars or Stablecoins Backed by US Dollars?
In 2024, BRICS nations can now use a Chinese Yuan Stablecoin instead of stablecoins backed by USD. Created by Tether, the creator of USDT, BRICS nations and allies have an alternative stablecoin to use that is backed by the Chinese Yuan.

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BRICS vs G7

Report BRICS (nations) to Completely Ditch the US Dollar in 3 Years

Below excerpt article reported by Dsouza. V. (2023, October 10). BRICS: Malaysia Announces To Eliminate the US Dollar For Global Trade. Dsouza

“Malaysia Follows BRICS Footsteps To Stop Using the US Dollar”
“Inspired by BRICS, Malaysia is following similar ideas to ensure the decline of the US dollar. The Ringgit could stabilize if the country pushes it forward in the international markets for trade deals worth billions.”

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Cryptocurrency

Malaysian Government approves new Crypto Exchange to operate and starts plan to eliminate dependency on US dollar.

Below excerpt article reported by Blockhead. (2024, February 29). Homegrown Startup Torum Wins Provisional License for Crypto Exchange in Malaysia. Blockhead

Homegrown Startup Torum Wins Provisional License for Crypto Exchange in Malaysia
This approval from the Securities Commission Malaysia not only solidifies Torum’s position in the digital asset exchange market but also underscores Malaysia’s growing significance as a hub for cryptocurrency adoption and fintech innovation.

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Culture, Race, Happiness Index

Iceland declared safest country In the world to visit. US ranked 133rd. Singapore ranked 6th and, Japan ranked 9th (The Global Peace Index)

Below excerpt article reported by Times of India. (2023, November 5). Iceland has been declared 2023’s safest country to visit!. Times of India

celand has been ranked as ‘The Safest Country in the World 2023’ at the Global Peace Index (GPI).”
“It is an yearly ranking conducted by the Institute of Economics and Peace to determine the safest nations in the world. The GPI measures the safety of countries on several criteria. It includes the degree of crime, violence, terrorism, and global conflicts.

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Cryptocurrency

420,000 Norwegians (10% of the adult population) own cryptocurrencies

Below excerpt and title of article reported by Lunde. V. (2022, Mar 30). 420,000 Norwegians (10% of the adult population) own cryptocurrencies. K33 Research

This survey conducted by Arcane Research and EY finds that 10% of all Norwegian adults own cryptocurrency, while female crypto adoption in Norway has seen sharp growth over the last year.

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Cryptocurrency

According to CoinMarketCap, March 11th 2024, BTC hits record 71k USD, Crypto Market Cap reaches 2.68 Trillion (approx. 300 billion added in 1 week)

Today’s Cryptocurrency Prices by Market Cap
The global crypto market cap is $2.68T, a 1.62% increase over the last day.
The total crypto market volume over the last 24 hours is $132.03B, which makes a 41.66% increase. The total volume in DeFi is currently $12.06B, 9.13% of the total crypto market 24-hour volume. The volume of all stable coins is now $118.5B, which is 89.75% of the total crypto market 24-hour volume.
Bitcoin’s dominance is currently 52.17%, an increase of 0.37% over the day.

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Wealth

(1.6 Trillion USD) Norwegian Wealth Fund Transitions Asia Hub to Singapore, Closes Shanghai Office

Below excerpt article reported by Hubbis. (2023, September 11). Norwegian Wealth Fund Transitions Asia Hub to Singapore, Closes Shanghai Office. Hubbits

Over time, the Singapore office has progressively emerged as the central hub overseeing the entire Asian region, equipped to manage all operational functions, inclusive of those for China.

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Wealth

According to SWFI Organization the top 14 out of 15 Sovereign Wealth Funds are dominated by Asia and the Middle East…however Scandinavian Country Norway ranks number 1 with approx 1.6 trillion USD. The highest US fund ranks 20th.

Source: Top 100 Largest Sovereign Wealth Fund Rankings by Total Assets – SWFI

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Wealth

Norways Sovereign Wealth Fund (largest in the world at 1.6 trillion USD), posts worlds largest return…

Below excerpt article reported by Meredith. S. (2024, January 30). World’s largest sovereign wealth fund posts record $213 billion profit, boosted by tech stocks. CNBC

Norway’s giant sovereign wealth fund on Tuesday reported record profit of 2.22 trillion kroner ($213 billion) in 2023, supported by robust returns on its investments in technology stocks.

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Investment

Reported March 10th: Did EFTA (Iceland, Norway, Switzerland, Liechtenstein) choose BRICS Nation India over Europe and the US for Strategic Investment of 100 billion USD over next 15 years?

Below excerpt article reported by Laskar. R. H. (2024, Mar 10). India, EFTA states sign trade deal to create resilient supply chains. Hindustand Times

(Iceland, Norway, Switzerland, Liechtenstein) states have committed to invest $100 billion in India over a period of 15 years.

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Financial

Japan and China sell approx. 50 billion worth of US stocks. According to US Treasury date “Biggest sale since 1977”

Below excerpt article reported by Kondo. M. (2024, Febuary 15). Japan, China Funds Sold Record Amount of US Stocks Last Yea. BNN Bloomberg

Japanese investors dumped a net $30.8 billion worth of US shares last year, while their Chinese counterparts sold $19.7 billion in the same period, according to data released by the US Department of the Treasury on Thursday. That was the biggest disposal in data going back to 1977.

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Political

Reports US Senator wants 1.5 Trillion Military Budget 2024…

Below excerpt article reported by Harris. B. (2024, Mar 7). A nearly $1 trillion defense budget faces headwinds at home and abroad. Defense News

“The U.S. should lead in the Indo-Pacific,” he said. “The U.S. should lead in Europe. The U.S. should lead in the Middle East. This is our official strategy. The U.S. should seek to win, not just manage, against China and Russia. The U.S. should deter Iran and North Korea and terrorist groups.”

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BRICS vs G7

Russia Delivers 200,000 Tonnes of Grain Free to Africa?

Russia, China expand agricultural trade
Approx Russian Gift Cost to Africa = The purchase was divided into five shipments of 40,000 tonnes from the supplier Grain Flower at a price of $339 per ton
Source and excerpt article reported by World Grain. (2023, November 27). Russia delivers 25,000 tons of free wheat to Somalia. RT

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BRICS vs G7

Russia & China expand Agricultural trade with 26 Billion dollar Contract for Russian Grain?

Below excerpt article reported by World Grain. (2023, August 11). Russia, China expand agricultural trade. World-Grain.com

Russia, China expand agricultural trade. Russian grain exporting firm, signed a $26 billion contract to supply China with 70 million tonnes of grain, legumes and oilseeds over the next 12 years.

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BRICS vs G7

Russia surpasses Canada to become world largest fertilizer exporter?

Below excerpt article reported by Hurst. D. (2023, September 30). Russia Becomes World’s Largest Fertilizer Supplier. Sputnic India

Russia has overtaken top suppliers like Canada, China, and the USA to become the world’s top exporter of fertilizers in the first half of the financial year 2022-23.
Russia has emerged as the world’s top global supplier of fertilizers with $20.65 billion in exports in the first half of the financial year 2022-23, according to the latest report of the International Fertilizer Association (IFA)

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BRICS vs G7 / Cryptocurrency

Have companies and government policy makers located in BRICS Nations UAE and China Forged a Groundbreaking Partnership for Blockchain and Crypto Innovation? Could this partnership potentially replace Traditional Service Providers Visa and AWS in the Region?

A Memorandum of Understanding (MOU) is reported to have been signed that could see the potential of Rak Dao’s Regulation Clarity with Tencent’s Power, Security, and Scaling.

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BRICS vs G7 / Technology

China leading US in technology race in all but a few fields, (US) thinktank finds

Below excerpt article reported by Hurst. D. (2023, Mar 2). China leading US in technology race in all but a few fields, thinktank finds. The Guardian

Year-long study finds China leads in 37 of 44 areas it tracked, with potential for a monopoly in areas such as nanoscale materials and synthetic biology. “The United States and other western countries are losing the race with China to develop advanced technologies and retain talent, with Beijing potentially establishing a monopoly in some areas, a new report has said.”

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BRICS vs G7 / Cryptocurrency

Saudi Arabia tops global crypto growth volume with $31BN in transactions in 1 year

Below excerpt article reported by Helou. E. A. (2023, September 27). Saudi tops global crypto growth volume with $31 bn in transactions in 1 year. Middle East Economy

A 12 percent surge in crypto volume between 2022 and 2023. “According to a recent report from blockchain analysis firm Chainalysis, Saudi Arabia has emerged as the country with the highest growth volume of cryptocurrency transactions worldwide over a 12-month period. The Middle East region, along with other countries, is witnessing increased adoption of decentralized finance (DeFi), enabling individuals to transact digital assets like cryptocurrencies without relying on traditional intermediaries.

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BRICS vs G7

BRICS Nation “UAE’s Fintech Market Rises 92% amidst Global Funding Slowdown

Below excerpt article reported by Chmiel. D. (2024, January 10). UAE’s Fintech Market Rises 92% amidst Global Funding Slowdown. Finance Magnates

Despite the global fintech funding slowdown, the United Arab Emirates was a standout performer. The UAE saw fintech investment skyrocket 92% in 2023 thanks to the growing adoption of digital banking and fintech tools in the region. This was the first time the UAE made the top 10 list of most well-funded fintech hubs.

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Cryptocurrency

Singapore Tops List of Crypto-Friendly Investment Migration Destinations

Below excerpt article reported by Pratap. J. (2023, September 6). Singapore Tops List of Crypto-Friendly Investment Migration Destinations. Crypto News

Singapore has emerged as the most preferred destination for crypto millionaires seeking secure and tax-friendly havens to protect their digital assets, according to the recently released Crypto Adoption Index by Henley & Partners.

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Cryptocurrency

Singapore Cryptocurrency Consumer Adoption and Perception

Below excerpt article reported by Devanesan. J. (2024, February 19). Over Half of Surveyed Singapore Users Own Cryptocurrency. Fintech Singapore

Singapore Cryptocurrency Consumer Adoption and Perception. “A recent research collaboration between Seedly and Coinbase, known as The Pulse of Crypto Singapore Report, provides a revealing look into how adults in Singapore perceive and engage with the cryptocurrency space. Based on a survey of 2,006 Singapore-based adults, a striking 57% reported owning cryptocurrency, signaling a robust consumer adoption rate.”

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Cryptocurrency

Clear regulations in Singapore enable Singaporean and Asian institutional investors to increase investments in Singapore-registered crypto companies for 2024.

Below excerpt article reported by Huang. C. (2023, December 14). Institutional investors in Singapore plan to increase crypto investments in 2024: Survey. The Straitstimes

Institutional investors in Singapore plan to increase crypto investments in 2024: Survey. “SINGAPORE – Institutional investors in Singapore view cryptocurrency as a long-term investment, and a majority of those polled have plans to increase their holdings in the new year, according to a survey by Swiss crypto bank Sygnum.

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Cryptocurrency

Clear regulations in Hong Kong contribute to the 2024 success of Hong Kong crypto companies, attracting investments from BRICS nations like China.

Hong Kong’s decision to allow retail crypto trading in August has spurred significant interest from traditional financial institutions and brokerages in obtaining digital asset licenses. Tiger Brokers, a Chinese stock brokerage, recently upgraded its Hong Kong Securities & Futures Commission (SFC) license to include crypto trading for professional investors and financial institutions in Hong Kong. With 865,500 funded accounts and $18.9 billion in managed assets, Tiger Brokers aims to offer virtual asset trading, including Bitcoin and Ethereum, alongside traditional offerings like stocks, options, futures, funds, and ETFs through its SFC-licensed platform.

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BRICS vs G7

UAE’s RAK DAO Creates Digital Asset Free Zone

Below excerpt article reported by Thuo. C. (2023, October 19). UAE’s Ras Al Khaimah launches free zone for digital assets and Web3. Coin Journal

UAE’s Ras Al Khaimah launches free zone for digital assets and Web3
• Ras Al Khaimah, UAE, has introduced RAK DAO, a free zone dedicated to digital assets and Web3.
• RAK DAO will offer entrepreneurs 100% ownership of their businesses and a unique regulatory framework.
• The UAE continues to attract global crypto and Web3 firms through progressive regulatory measures.

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BRICS vs G7

UAE Spearheads MENA Crypto with Regulation

Below excerpt article reported by Chainalysis Team. (2023, September 26). Middle East & North Africa: Crypto Takes Hold as UAE Leads the Way in Promoting Regulatory Clarity. Chainalysis

Middle East & North Africa: Crypto Takes Hold as UAE Leads the Way in Promoting Regulatory Clarity
An estimated $389.8 billion in on-chain value received between July 2022 and June 2023”

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BRICS vs G7

UAE Crypto companies celebrate the increase in the cryptocurrency market cap.

UAE provides clear rules and registration for crypto exchanges and dealers. Crypto adoption and economy thrives in UAE.
Introduction: The UAE, the country’s proactive stance on blockchain adoption and the establishment of designated free zones for blockchain and cryptocurrency activities have attracted investment and talent to the region. Companies operating within these free zones benefit from streamlined and clear regulatory processes and incentives, fostering a conducive environment for growth and innovation. Rak Dao in particular is a crypto and blockchain dedicated free trade zone that hosts some of the most successful and innovative blockchain and crypto companies.

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Technology

Apple hit with $2 billion EU antitrust fine in Spotify case

Below excerpt article reported by Chee. F. Y. (2024, March 5). Apple hit with $2 billion EU antitrust fine in Spotify case. Reuters

“The European Commission charged Apple last year with preventing Swedish streaming service Spotify (SPOT.N) and others from informing users of payment options outside its App Store, following a 2019 complaint by Spotify.”
“Brussels on Monday fined Apple (AAPL.O) tab 1.84 billion euros ($2 billion) for thwarting competition from music streaming rivals via restrictions on its App Store, the iPhone maker’s first ever penalty for breaching EU rules.”

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Culture, Race, and Happiness Index

(US) Army Sees (Approximate 43%) Sharp Decline in White (European American) Recruits.

Below excerpt article reported by Beynon. S. (2024, January 10). Army Sees Sharp Decline in White Recruits. Military.com

The Army’s recruiting of white soldiers has dropped significantly in the last half decade, according to internal data reviewed by Military.com, a decline that accounts for much of the service’s historic recruitment slump that has become the subject of increasing concern for Army leadership and Capitol Hill.

Political

Why falling confidence in America’s military is creating ‘a real crisis’

Below excerpt article reported by Mitchell. E. (2023, August 4). Why falling confidence in America’s military is creating ‘a real crisis’. The Hill

“The public’s confidence in the U.S. military is the lowest it’s been in decades, and it’s doing no favors to the armed forces’ current recruitment struggles.”
“Thanks to a combination of culture war issues, fresh reports of sexual assaults and suicides within the ranks, and a disastrous end to the Afghanistan War two years ago, Americans’ perception of the armed forces has taken a hit, according to experts and recent polls.”

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BRICS vs G7 / Cryptocurrency

Crypto refugees: UAE faces ‘historic opportunity’ as US crackdown on Binance, Coinbase fuels exodus

Below excerpt article reported by Issa. T. M. (2023, June 5). Crypto refugees: UAE faces ‘historic opportunity’ as US crackdown on Binance, Coinbase fuels exodus. Arabian Business

SEC crackdown on Binance and Coinbase prompts crypto firms to eye UAE as regulatory safe haven, say experts. “The US Securities and Exchange Commission (SEC)’s crackdown on Binance and Coinbase risks a global exodus of crypto “regulation refugees,” many of who are poised to move to the UAE, industry experts told Arabian Business.

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BRICS vs G7 / Cryptocurrency

Crypto Exchanges providing Billions of Dollars in Crypto Assets to US Customers reportedly told to cease trading and or leave the US… Singapore, UAE, and Hong Kong Expected to be the beneficiary

Crypto Exchanges providing Billions of Dollars in Crypto Assets to US Customers reportedly told to cease trading and or leave the US… Singapore, UAE, and Hong Kong Expected to be the beneficiary

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BRICS vs G7 / Cryptocurrency

Crypto investment leaves US, Citing US Regulatory Uncertainty

Below excerpt article reported by Morrow. A. (2023, June 6). US crypto investors are left with few options. CNN Business

Murky regulations. “The lack of (US) regulatory clarity is a common complaint among (US) crypto firms, which argue that the United States is pushing the industry overseas, and ultimately ceding authority to foreign regulators that have established clearer guidelines.

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BRICS vs G7 / Cryptocurrency

US Coinbase CEO: US SEC (government) asked for trading halt in everything except Bitcoin – FT

Below excerpt article reported by Investing.com. (2023, July 31). Coinbase CEO: SEC asked for trading halt in everything except Bitcoin – FT. Yahoo Finance

Coinbase CEO: SEC asked for trading halt in everything except Bitcoin – FT. “The U.S. Securities and Exchange Commission requested that Coinbase (NASDAQ:COIN) cease trading in all digital tokens except for Bitcoin prior to filing a lawsuit against the cryptocurrency exchange, according to the Financial Times.” “In an interview, Coinbase Chief Executive Brian Armstrong told the paper that the SEC “said…we believe every asset other than bitcoin is a security.” Armstrong added that the regulators then asked that Coinbase delist all of the more than 200 tokens it offers to customers, apart from Bitcoin.

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BRICS vs G7 / Cryptocurrency

‘Crypto is dead in America’ thanks to regulators, says (US Billionaire) investor Chamath Palihapitiya, who once thought Bitcoin could hit $200,000

Below excerpt article reported by Gordon. N. (2023, April 25). ‘Crypto is dead in America’ thanks to regulators, says investor Chamath Palihapitiya, who once thought Bitcoin could hit $200,000. Yahoo Finance

‘Crypto is dead in America’ thanks to regulators, says investor Chamath Palihapitiya, who once thought Bitcoin could hit $200,000. “The United States authorities have firmly pointed their guns at crypto,” Palihapitiya said on an episode of the All-In podcast, which he co-hosts, released on Saturday.

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BRICS vs G7 / Cryptocurrency

Former President of the US Stock Exchange chooses Hong Kong over US for new Crypto Exchange

“We will not engage in commercial activity in the US…the environment is not terribly friendly” Is this a warning sign the Crypto and Blockchain industry in the US is dead and BRICS Nations and allies will dominate the future of financial innovation? The former President of the US Stock Exchange, now the founder of a Crypto Exchange, has made a resolute decision: “We will not engage in commercial activity in the US… the environment in the US is not terribly friendly. It’s frustrating.” Instead, he will pivot towards seeking a license in Hong Kong. Does highlight failure of the US Government to create clear laws for crypto innovation and be a warning that the crypto industry in the US cannot exist with the current policies?

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Financial

US Treasury releases report of 175 trillion dollar deficit.

Medicare and Social Security are facing a substantial underfunding crisis, amounting to $175 trillion according to a recent report by the U.S. Treasury

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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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