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NEW - John Podesta: "We have to cut the carbon pollution that's driving the climate crisis and that's what the 'Inflation Reduction Act' is all about."

@disclosetv

🇸🇻💥💰🤑 — El Salvador President Nayib Bukele scared off many on Wall Street by embracing Bitcoin. Two years later, the bond rally he’s overseeing is proving too lucrative to resist.

Eye-popping 70% returns — the best among dollar bonds from emerging markets this year — are attracting investors who were once cautious or avoiding the securities altogether. JPMorgan Chase & Co, Eaton Vance and PGIM Fixed Income are among those who have recommended or bought the debt, betting it will continue climbing.

“Although we missed a significant share of the rally, we still think there’s value across El Salvador’s curve,” JPMorgan research strategists Ben Ramsey, Nishant Poojary and Gorka Lalaguna wrote in a July note, moving overweight on the debt. “There’s room for this credit to keep outperforming.”

The optimism demonstrates how Bukele has gained acceptance from both money managers and his peers in Latin America after many had dismissed him as an anti-establishment maverick. His hard-line stance on gangs, which has dramatically cut crime in the country, is influencing politics throughout the region. And his commitment to paying bondholders is making him a favorite among emerging-market investors.

Source 🔗

🇨🇳 China’s housing slump is much worse than official data shows.

- Government figures = prices for existing homes dropped 6% since August 2021
- Property agents and private data providers = at least 15% drop in prime neighborhoods of cities like Shanghai and Shenzhen

@FinancialWorldUpdates

🚨 👀 X is seemingly working on adding government ID verification with Israeli digital ID company AU10TIX. To verify by ID, users will have to upload a selfie and a photo of their government ID.

https://cdn.nostr.build/i/e2735f794b125248f6daa7d2543b64eedc6614093a21857473ec8116d0154972.jpg

🇯🇵 Japan to release Fukushima water into ocean starting August 24

Japan said it will start releasing more than 1 million metric tonnes of treated radioactive water from the wrecked Fukushima nuclear power plant on August 24.

The plan, approved two years ago by the Japanese government as crucial to decommissioning the plant operated by Tokyo Electric Power Company (Tepco), has also faced criticism from local fishing groups.

The announcement comes a day after the government said it had won "a degree of understanding" from the fishing industry over the release of the water, even as a fishing group said it still feared the reputational damage would ruin livelihoods.

#Japan

@asianomics

NEW - Facebook, Instagram will allow EU users to see content ranked in chronological order due to new DSA laws.

https://www.disclose.tv/id/lq7ocbsvot/

@disclosetv

NEW - Russia may annex Georgian breakaway regions South Ossetia and Abkhazia, says deputy chair of the Russian security council, Dmitry Medvedev.

https://www.disclose.tv/id/e60s39699e/

@disclosetv