War Financial News

Now it’s the turn of the Chinese yuan. An important economic development of late has been the depreciation of Asian currencies relative to the dollar. China’s currency is in the spotlight again amid new speculation over whether Beijing is implementing a competitive devaluation of some sort, or will do so—and whether this will become the excuse for a trade war.

French astronomer Nostradamus prove to be wrong? This question looms large after his prophecy about the World War 3 has not come true so far. According to the 'Wion', Nostradamus predicted something which may be interpreted as the beginning of World War 3. He expected a “combat and naval battle” between China and the US, though he did not take their names. The 16th-century philosopher and physicist predicted that the “Red adversary will become pale with fear. Putting the great Ocean in dread”. These lines are interpreted as the blockade of China by the US Navy and a confrontation between the two rival forces. This prediction is especially significant because Beijing and Washington have indulged in blaming each other for rising tension on the issue of Taiwan. Some of the US lawmakers have openly threatened China with attacks and war if Beijing threatens Taipei.

the USS Dwight D. Eisenhower after an eight-month deployment in which the aircraft carrier led the American response to the Houthi assaults. Those attacks have reduced shipping drastically through the route crucial to Asian, Middle East and European markets in a campaign the Houthis say will continue as long as the Israel-Hamas war rages in the Gaza Strip.

An Iranian-backed umbrella group known as the Islamic Resistance in Iraq has claimed an attack targeting the southern Israeli port city of Eilat

A U.S. aid official says thousands of tons of food, medicines and other aid piled up on a Gaza beach isn’t reaching those in need because of a dire security situation on the groun

Authorities say a suspected attack by Yemen’s Houthi rebels has targeted a ship in the Gulf of Aden

Mayor of Kingstown Season 3 episode 5 release date is nearing as fans are curious to episode count and premier dates details. The fifth episode will release on Sunday, June 30. Mayor of Kingstown Season 3 features Jeremy Renner in the pivotal role of Mike McLusky. the crime thriller TV series Mayor of Kingstown Season 3 delves into the pressure is on Mike as new enemies set up shop in Kingstown and a drug war rages inside and outside prison walls.

Malian city of Timbuktu. Al Hassan Ag Abdoul Aziz Ag Mohamed Ag Mahmoud, 46, was found guilty of war crimes and crimes against humanity, including torture and outrages upon personal dignity.

Ben Cohen and Jerry Greenfield are about as well known for their progressive politics as they are for quirky ice cream flavors like Chunky Monkey and Phish Food. Their experiment in melding business with social justice for years seemed like a model that many in the corporate world were warming up to. And then attitudes cooled.

America’s insatiable demand for weight-loss medications is minting vast fortunes—and not just for the makers of GLP-1 drugs such as Ozempic. Shares of Hims & Hers Health, the telehealth provider better known for its trendy commercials for erectile-dysfunction medications, are up more than 150% this year. The company said last month it would start offering compounded forms of the injections that use the same active ingredients as the popular drugs Ozempic and Wegovy.

young people are reluctant to join up. And it is not just Europe that is struggling with recruitment. In and around the world’s conflict hotspots the question of how to get more people into uniform is vital.

Yemen's Houthi rebels early Wednesday targeted a ship in the Gulf of Aden and the southern Israeli port city of Eilat, authorities said. The attacks follow the departure of the USS Dwight D. Eisenhower after an eight-month deployment in which the aircraft carrier led the American response to the Houthi assaults. Those attacks have reduced shipping drastically through the route crucial to Asian, Middle East and European markets in a campaign the Houthis say will continue as long as the Israel-Hamas war in the Gaza Strip rages. The ship attack happened off the coast of Aden, the British military's United Kingdom Maritime Trade Operations center said.

arrest warrants for Russia's chief of the General Staff Valery Gerasimov, and former defence minister Sergei Shoigu. Warrants were issued for the alleged war crimes of directing attacks at civilian objects and causing excessive incidental harm to civilians, as well as the crime against humanity of «inhumane acts» in Ukraine, the ICC said in a statement. ICC judges said there were «reasonable grounds to believe that the two suspects bear responsibility for missile strikes carried out by the Russian armed forces against the Ukrainian electric infrastructure from at least 10 October 2022 until at least 9 March 2023.»

TEL AVIV—Israel’s military must begin drafting ultra-Orthodox Jewish students, the country’s Supreme Court ruled Tuesday, in a decision likely to put pressure on Prime Minister Benjamin Netanyahu’s right-wing coalition as Israel fights its war in Gaza. A unanimous panel of judges ruled that there is no legal basis for exempting ultra-Orthodox religious scholars after a series of laws and government decisions carving out service exemptions were either struck down by the court or expired.

The Norwegian government has signed a deal to start stockpiling grain, saying the COVID-19 pandemic, a war in Europe and climate change have made it necessary

Ukraine is set to officially launch membership talks with the European Union later on Tuesday

Six candidates have been approved by Iran’s theocracy to run in Friday’s presidential election to replace the late President Ebrahim Raisi, who died in a helicopter crash with several other officials in May

Elon Musk criticized Kathleen Kennedy, the head of Lucasfilm, a division of Disney, for the "Star Wars" franchise's direction. He accused Kennedy of endangering the series by promoting «woke» philosophy in the most recent spinoff, "The Acolyte." A group of all-female Jedi are introduced in this Leslye Headland-directed program, with Amandla Stenberg playing the lead roles, as per the reports of the New York Post. According to a post on X that portrayed Kennedy as a «franchise killer» with other Empire ships, Elon Musk stated that Kathleen Kennedy is scarier than the Death Star. Musk’s critique

According to its original prospectus, the company intends to raise capital to develop a series of tourist attractions in the Kingsway Exchange Tunnels, which were used during the Second World War. The listing and start of trading are expected to take place on 27 June, it said, with a market capitalisation of around £130m.  The London Tunnels aims to raise up to £30m via the issue of new ordinary shares to institutional investors in various jurisdictions for up to 90 days. The London Tunnels set to become UK's first IPO of 2024 So far, it said it has received «irrevocable commitm...

gold reserves parked overseas dropped to the lowest in six years at the end of March--47% of the total—since it started accumulating the precious metal in December 2017. Data show that the RBI started bringing the gold to India in March 2022, coinciding with the start of the Russia-Ukraine war. This is in line with the trend of central banks globally that have turned cautious after the US government froze Russian foreign currency assets as the conflict began in February 2022. News that the RBI had brought back 100 tonnes of gold from the UK to India emerged at the end of last month. Governor Shaktikanta Das said this was because there is enough domestic storage capacity and nothing more should be read into it. At the end of March, the RBI’s total gold holdings amounted to 822.1 tons. A December 2023 survey by global investment manager Invesco of 57 central banks and other asset managers showed that they had increased exposure to gold 8-10 years ago, keeping it London and using it for swaps and to enhance yields, but that they were now moving the reserves back to their own countries, underscoring its role as a safe-haven asset. From 50% in 2020, the share of gold reserves held in their own countries is estimated to have gone up to 68% by December 2023 and will likely rise to 74% within the next five years, according to the survey.

Mint’s Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India. This month we track the upcoming monetary policies, the G7 summit held in Italy, and how rising temperatures are ringing alarm bells.