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11.12.24 - 05:03
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Myanmar′s economy to shrink as floods compound crisis, says World Bank (Reuters EN)
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Myanmar's economy to shrink as floods compound crisis, says World Bank By Shoon Naing Dec 11 (Reuters) - Myanmar's economy is expected to shrink by 1% in the current fiscal year, the World Bank said on Wednesday, sharply downgrading its economic forecast as severe floods compounded the challenges facing the conflict-torn country. In June, the bank had projected Myanmar's economy would grow 1% during the current fiscal year, which ends in March 2025, but warned of increasing poverty and escalatin...
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11.12.24 - 03:45
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US Cattle Crisis Worsens As Nation′s Herd Size Continues Alarming Side Into Abyss (ZeroHedge)
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US Cattle Crisis Worsens As Nation's Herd Size Continues Alarming Side Into Abyss
America's beef cow inventory has steadily declined over the last half-decade, reaching 64-year lows and signaling a deepening crisis across the cattle industry. As the cattle crisis worsens, consumers should brace for higher ground beef prices.
The shrinking beef supply has pushed the nation's herd size to its smallest level since 1961. With severe droughts, high interest rates, costly feed prices, sliding farm income, surging farm debt, and a shifting consumer preference toward cheaper chicken, struggling ranchers have been culling heifers, preventing any meaningful recovery in the number of calves necessary to expand the nation's herds.
As Bloomberg reports, the nation's cattle crisis is set to worsen with new pressures: first, President-elect Trump's anticipated tariff war 2.0, which is expected to tighten domestic beef supplies, and second, immigration reform.
"All of the things he is talking about have...
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10.12.24 - 23:01
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North Korea reports South Korea′s martial law crisis for first time (Reuters EN)
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UPDATE 1-North Korea reports South Korea's martial law crisis for first time Adds details, quotes, background in paragraphs 2-6 SEOUL, Dec 11 (Reuters) - North Korean state media KCNA on Wednesday reported for the first time on South Korea's ongoing political turmoil since President Yoon Suk Yeol's martial law attempt. Last week's shocking martial law order triggered concerns about a power vacuum and plunged Asia's fourth-largest economy and a key U.S....
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10.12.24 - 20:54
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Dalio Predicts Global Debt Crisis, Backs Bitcoin & Gold (ZeroHedge)
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Dalio Predicts Global Debt Crisis, Backs Bitcoin & Gold
Authored by Helen Partz via CoinTelegraph.com,
Billionaire investor Ray Dalio expressed concerns about a potential “pending debt money problem” in global finance and urged a shift toward hard assets like Bitcoin and gold.
Dalio, the founder of one the world's largest hedge funds, Bridgewater Associates, said he would invest in “hard money” like gold and Bitcoin while avoiding debt assets, the South China Morning Post reported on Dec. 10.
The veteran investor referred to “unprecedented levels” of indebtedness seen in all major countries, including the United States and China, stressing that its current levels will not be sustainable.
“It is impossible for these countries to be able to not have a debt crisis in the years ahead that will lead to a great decline of money value,” Dalio said in a speech at a financial conference in Abu Dhabi.
“Steer away from debt assets like bonds and debt”
“I believe that there would ...
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10.12.24 - 16:46
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Frankreich: „Kopflos“ durch die Krise (HCOB)
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Frankreich steckt mitten in einer politischen Krise: Ein Misstrauensantrag hat die Minderheitsregierung von Michel Barnier gestürzt. Die wirtschaftliche Lage verschlechtert sich, und die politische Unsicherheit könnte das Land weiter destabilisieren.
Der Beitrag Frankreich: „Kopflos“ durch die Krise erschien zuerst auf HCOB....
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10.12.24 - 12:25
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In aid-starved Afghanistan, relief workers fight a forgotten hunger crisis (Reuters EN)
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SPECIAL REPORT-In aid-starved Afghanistan, relief workers fight a forgotten hunger crisis By Mari Saito, Charlotte Greenfield and Mohammad Yunus Yawar HERAT, Afghanistan, Dec 10 (Reuters) - When Khalid Riaz turns off a dusty, single-lane road into a village in Guzara district, half an hour south of the bustling heart of Herat city in western Afghanistan, he is immediately greeted by a group of children....
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