Defiant Macron says he won’t resign, doubles down on Barnier’s survival. The French president also downplayed the possible financial consequences of a no-confidence vote, which should take place later on today
China is banning exports of rare minerals to the U.S. in a trade war tit-for-tat
South Korean situation last night, is/was significant in the sense, that it is another example that the norms of behaviour by politicians (in general), even in a democracy, have collapsed, politics getting more volatile
EU leaders have embraced Mario Draghi's economic diagnosis as a "wake-up call" but eluded his crucial advise to issue fresh joint debt, as usual coming short of what they should do!
The yield on China's 10-year bond is now trading below 2%. It has gotten there in a manner that should worry the Chinese government, and it has led some analysts to refer to the "Japanification" of China
Angela Merkel: mother of German decline, she was wrong about everything -except Russia
Outrageous Predictions 2025. Saxo's Outrageous Predictions: which one do you like ?
GS : Why the great gold rally could continue
#MSTR so in 2022, when rates where on the floor and BTC was below 20K, company grew its Bitcoin holdings by only 15%, and over the last couple of months they increased their holdings by over 50%, with rates up here and BTC at 90K...
Total US debt is now up ~$13 TRILLION since 2020 and at a record $36 TRILLION. The US is projected to spend $3.8 billion PER DAY on interest expense in 2025. Why is US government spending at crisis levels if we are on track for a "soft landing?"
It is "conceivable" that the European Central Bank will cut interest rates by 25 basis points at its next rate-setting meeting this month but not more, ECB policymaker Robert Holzmann
Outrageous Predictions 2025 | Saxo >>>too close to the market probability perhaps?
Tune in! #blondemoney Trump and al that jazz. Think of it as a business : ''A tech Bro coup'', the big question is whether the US folks will be able to handle the truths that will come out
The Prosecutor's Office in Trento #ITALY has issued an arrest warrant for Austrian entrepreneur and Signa founder René Benko. Several other individuals have also been detained in Italy, including Bozen-based financial advisor Heinz Peter Hager and Cristina Santi, the mayor of Riva del Garda. Both are currently under house arrest
“Merkel-Nostalgie” has swept a Germany grappling with war, a tanking economy and a collapsed government
WHAT ARE GALLIUM and GERMANIUM?
The two metals have a vast array of specialist uses across chipmaking, communications equipment and defense.
• Gallium is used in compound semiconductors, which combine multiple elements to improve transmission speed and efficiency, in TV and mobile phone screens, solar panels and radars.
• Germanium’s uses incl fiber-optic communication, night-vision goggles and space exploration - most satellites are powered with germanium-based solar cells.
Trade flows in these small and niche mkts are tricky to track, but China is overwhelmingly the top source of both metals — accounting for 94% of gallium supply and 83% of germanium, according to a EU Union study on critical raw materials this year.
Excl. China, other countries with gallium production capacity incl. Russia and Ukraine, where the metal has been produced as a byproduct of alumina, as well as South Korea and Japan — as a byproduct of zinc. In North America, germanium is recovered alongside zinc, lead and other metals at Teck Resources Ltd.’s Trail smelter in British Columbia.
Other producers incl specialty materials maker 5N Plus Inc., and Indium Corporation in the US. In Europe, Belgium’s Umicore is a producer of both metals.
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