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14.12.25 - 06:12
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Birthing Pains For A Multipolar World (ZeroHedge)
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Birthing Pains For A Multipolar World
Authored by Adam Sharp via DailyReckoning.com,
After World War 2, the U.S. emerged as the only major power with its industrial base intact.
Europe, the USSR, and Japan were all devastated.
The Soviet Union alone had 26 million deaths due to the war. The rest of Europe had approximately another 20 million. Japan lost around 3 million.
All the major powers' infrastructure had been annihilated. Except for America.
Even before the war, the U.S. was the eminent economic power of the world. But this advantage increased significantly following WW2. After all, it was American ships, tanks, guns, and bombs that turned the tide.
B-24 bomber production line at Ford's Willow Run plant
In 1945, America produced 50% of global industrial output. With just 6% of world population.
By 1947 the bulk of military production lines had switched to civilian goods. Lines that were producing tanks switched to cars and appliances. Factories that were churning out bombers switched ...
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09.09.25 - 14:03
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Kandi Technologies Establishes New Subsidiary, Secures First Order with Indonesia′s Largest Digital Ecosystem, GoTo (GlobeNewswire EN)
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Jinhua, China, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (NASDAQ GS: KNDI), a long renowned leader in all-electric personal transportation and utility vehicles, today announced that its newly established subsidiary, Hangzhou Liaowangta Technology Co., Ltd. (“Hangzhou Liaowangta Technology”), will supply three robots to GoTo Group (“GoTo”), an Indonesian company that operates the country's largest digital ecosystem, for testing and innovation purposes. By securing its first order, it marks a pivotal milestone in Kandi's strategic expansion into the Southeast Asian market, underscoring Kandi's commitment to advancing its embodied intelligence business and delivering innovative, high-value solutions to clients worldwide....
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18.06.25 - 10:54
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UBS Invests in UK Fintech Icon Solutions to Shape the Future of Payments Technology (Business Wire)
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Swiss bank leads new funding round; joined by existing investors Citi and NatWestLONDON--(BUSINESS WIRE)--Icon Solutions, the UK fintech enabling banks globally to design and implement state-of-the-art payment systems, has today announced a new equity investment from UBS. Icon has also secured additional funding from existing investors Citi and NatWest.
Pieter Brouwer, Head of Group Operations and Technology Office (GOTO) for Personal & Corporate Banking and GWM Switzerland & International, at UBS comments: “Icon, an important partner of UBS, plays a crucial role in modernizing payment platforms with innovative infrastructure solutions.” Brouwer adds: “This investment reinforces our partnership with Icon and confirms our commitment to deliver faster to market, future-ready payment solutions for our clients. The collaboration helps us drive innovation at scale and enhances our capabilities for seamless instant payments and advanced transaction processing.”
UBS will join existing investors Citi and ...
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