• 02/24/2025

4 takeaways for your wallet following the Fed rate pause

Washington Post With the Federal Reserve signaling more rate increases to come, you might want to go ahead and make that major purchase. https://www.washingtonpost.com/business/2023/06/16/fed-rate-pause-takeaways-wallet/

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Northern China feels the heat as El Nino summer looms

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Areas from Inner Mongolia to western Liaoning swelter under the influence of high-pressure ridges. https://www.scmp.com/news/china/science/article/3224356/northern-china-feels-heat-el-nino-summer-looms?utm_source=rss_feed

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A Bank China Built to Challenge the Dollar Now Needs the Dollar

Wall Street Journal How Russia’s war in Ukraine paralyzed the Brics’s New Development Bank. https://www.wsj.com/articles/a-bank-china-backed-to-challenge-the-dollar-now-needs-the-dollar-d9dc27ee

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Putin open to all contacts, ideas for resolving Ukrainian problem, says Kremlin

Disclaimer: TASS is Russian government propaganda, and not a reliable news source. Dmitry Peskov said that there are no plans to adopt any documents based on the results of Putin’s meeting with African leaders https://tass.com/politics/1633419

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Energy & Utilities Roundup: Market Talk

Wall Street Journal Find insight on NexTier Oilfield Solutions and Patterson-UTI Energy, and more in the latest Market Talks covering the Energy and Utilities sector. https://www.wsj.com/articles/energy-utilities-roundup-market-talk-3e53739d

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Crime in Hong Kong: 5 alleged triad members among 6 arrested over vandalism of carmaker BYD showrooms, service centre

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Police say no evidence to suggest attackers deliberately targeted carmaker, instead point to exclusive distributor JC Motor as possible intended victim. https://www.scmp.com/news/hong-kong/law-and-crime/article/3224371/crime-hong-kong-5-alleged-triad-members-among-6-arrested-over-vandalism-carmaker-byd-showrooms?utm_source=rss_feed

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‘East Side’: Netflix spotlights Jerusalem’s dark real estate underbelly

Jerusalem Post East Side has settlers, vengeful Palestinians, collaborators at the mercy of the Shin Bet, and Greek Orthodox Church leaders – some greedy, some trying to maintain independence. https://www.jpost.com/israel-news/culture/article-746427

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Kiev evacuates over 3,700 people from Dnieper’s right bank following dam collapse

Disclaimer: TASS is Russian government propaganda, and not a reliable news source. Denis Shmygal said that a registry of affected communities was created where Ukraine included almost 200 population centers https://tass.com/society/1633417

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Water from Kakhovka reservoir is back within Dnieper regular waterway — governor

Disclaimer: TASS is Russian government propaganda, and not a reliable news source. Vladimir Saldo declined to estimate the costs of rebuilding, saying much of the damage was done to the environment and it’s now impossible to assess it https://tass.com/economy/1633415

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Labor minister rules out enshrining six-day work week in Russian labor law

Disclaimer: TASS is Russian government propaganda, and not a reliable news source. “However, if we are talking about working beyond the standard 40 hours [a week], then paying [overtime compensation] for extra hours is a must,” Anton Kotyakov said https://tass.com/economy/1633413

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