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In the history of modern finance, no indicator has better predicted when the next global recession will begin than the moment the Bank of Japan starts raising rates.

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🇾🇪🆗🇷🇺🇨🇳🚢 — 🇺🇸 Bloomberg | Yemen’s Houthis Tell China, Russia Their Ships Won’t Be Targeted | March 21, 2024:

"The Yemen-based Houthis have told China and Russia their ships can sail through the Red Sea and Gulf of Aden without being attacked, according to several people with knowledge of the militant group’s discussions.

China and Russia reached an understanding following talks between their diplomats in Oman and Mohammed Abdel Salam, one of the Houthis’ top political figures, said the people, who asked not to be named discussing private matters.

In exchange, the two countries may provide political support to the Houthis in bodies such as the United Nations Security Council, according to the people. It’s not entirely clear how that support would be manifested, but it could include blocking more resolutions against the group."

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🇵🇱📞🌐 — Instead condemning the Terrorist attacks in Russia, which was likely made by Salafist Extremist elements, the Prime-Minister of Poland, Donald Tusk, ordered the Polish Secret Service to be prepared for the "upcoming consequences in the region"!

The heads of the Ministry of National Defence, the Ministry of Interior and Administration and the coordinator of the secret services keep me updated on the circumstances of the attack in Moscow and the possible consequences for the situation in the region and the security of the country.

🔗 Donald Tusk (@donaldtusk)

🇷🇸 Serbia's President Vucic following the terrorist attack in Moscow: "There is no doubt that there will be a further escalation of the conflict in Ukraine, (with it) approaching a general war" - Informer

🔗 https://informer.rs/vesti/politika/888209/vucic-o-teroristickom-napadu-u-moskvi-nadam-se-da-se-ovo-nikada-vise-nece-ponoviti

📎 Faytuks

📱❌🇪🇸High Court orders temporary suspension of Telegram's services in Spain

Spain's High Court has ordered the suspension of messaging app Telegram's services in the country after media companies complained it was allowing users to upload their content without permission, according to a court source.

https://neuters.de/world/europe/high-court-orders-temporary-suspension-telegrams-services-spain-2024-03-23/

🇨🇳💴📉 — 🏴 ZeroHedge | Is China Prepping For Yuan Devaluation: Renminbi Tumbles After PBOC Pushes It Below Key Support Level | March 22, 2024:

"While everyone continues to watch the slow-motion trainwreck that is the Japanese yen, where the BOJ epically fucked up its latest monetary policy intervention, sending the yen plunging to a 34 year low despite its first rate hike in 17 years, the real action overnight was in the Chinese yuan, which abruptly tumbled below the key support level of 7.22 despite lower US yields and dovish comments by Powell at this week's FOMC, hinting at a possible imminent change in PBoC FX policy, read currency devaluation driven by the relentless crash in the yen and ascent in the US dollar.

On Friday, China’s tentative loosening of its vise-like grip on the yuan unleashed a slide in the currency and pulled down its Asian and EM currency peers lower. The onshore yuan dropped the most in more than two months after the authorities set a weaker-than-expected daily fixing, sparking speculation they would tolerate further losses, i.e. proceed with a soft or not so soft yuan devaluation.

The onshore yuan slid as much as 0.4% to 7.2299 per dollar Friday, breaching the 7.2 level that Beijing had been defending for months. The tumble came after the PBOC lowered its daily fixing by the most since early February; the decline took the currency to within 0.2% of the end of its allowed daily trading band of plus or minus 2% from the fixing."

#Geoeconomics

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🇸🇻⚛️ — Bukele initiates efforts regarding the use of atomic energy: "El Salvador is going nuclear"

➡️ The Government of El Salvador requests authorization from the International Atomic Energy Agency (IAEA) to use nuclear energy.

➡️ The legal instruments were delivered by Daniel Álvarez, head of the General Directorate of Energy, Hydrocarbons, and Mines (DGEHM), and Adriana Mira, Vice Chancellor of El Salvador, to Rafael Grossi, the Director-General of the IAEA.

"El Salvador is committed to decarbonization, diversifying its energy mix, and benefiting from peaceful nuclear applications. It is important to receive legal instruments from Deputy FM 🇸🇻 @AdrianaMiraSV and @DGEHMSV’s @daalvarezc, enabling nuclear’s safe and secure use."

📝 In March 2023, El Salvador signed a cooperation agreement with the American organization Thorium Energy Alliance to study nuclear energy generation using thorium.

‼️ Thorium is an element that can be used as nuclear fuel for electric power in nuclear reactors. According to the Government, 68.4% of the national energy demand is supplied by renewable generation.

Nayib Bukele (@nayibbukele) on 𝕏 🔗

China 🇨🇳 introduced new guidelines that will mean US chips from Intel $INTC and $AMD are phased out of government PCs and servers

The guidance also seeks to sideline Microsoft’s $MSFT Windows OS and foreign-made database software in favour of domestic options - Financial Times
@Insider_leak_of_the_day
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