The Biden adminstration is scrambling to assess and dealing with the fallout from a major leak of classified Pentagon douments. It is not the first to hear that there is classified information leak in the Biden adminstration. However, this time will be much more serious. The highly sensitive documents which include details about how the…
Tag: wars
Nancy Pelosi expected to visit Taiwan tonight
The US congressional delegation’s itinerary includes stops in South Korea and Japan, but no official mention has been made of a visit to Taiwan. However, the Taiwanese official said that Nancy Pelosi is expected to stay in Taiwan overnight. It is unclear when exactly Pelosi will land in Taipei. China warned against the “egregious political…
The inflation is making the West difficult to go further on Russian oil
European Union and the United States have barred the import of Russian oil to cut off the revenue source for Kremlin and force Vladimir Putin to reconsider the war in Ukraine. However, it seems like this measure hasn’t worked. When EU and the US looked at the data, they found that Russia is making just…
Decoupling, one of the biggest risk to the global economy
Global Markets may still underestimate the impact of China’s strict zero-Covid policy. Until now, nearly 400 million people across the mainland China are under full or partial lockdown. Investors probably do not aware of this zero-Covid policy as much more attention remains focused on the Russian-Ukraine war and the US Federal Reserve rate hikes. However,…