Japan has fallen out with China and received a response of the return of 500,000 tickets from Chinese tourists. — CNA

China stated that the recent comments by Japanese Prime Minister Sanae Takachi regarding a possible intervention by Japanese forces in the event of actions by China around Taiwan indicate a "revival of militarism" in Japan.

Beijing expressed concern over plans to review Japan's nuclear policy and the development of nuclear submarines, calling this a "dangerous signal for the international community" and a threat to the stability of East Asia.

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Maduro offered his resignation to the USA "in two to three years," but the White House declined and urged the President of Venezuela to resign immediately – NYT

According to sources from the newspaper, the Venezuelan leader presented this idea during unofficial negotiations. He planned to resign within a two to three-year transition period, but the White House rejected his offer and urged him to leave office immediately.

As reported by The Atlantic, Maduro is willing to resign if he is granted amnesty, the reward for his arrest is lifted, and he has the opportunity to travel comfortably abroad. Maduro could go into exile in Turkey, Russia, Azerbaijan, and Cuba; these countries are considered by the White House as potential safe havens for the Venezuelan president, Politico noted.

Last week, Donald Trump held two meetings with his senior advisors in the White House Situation Room, where the situation in Venezuela and options for action were discussed.

Previously, the US President had tasked the CIA with preparing plans for several covert operations on Venezuelan territory and began secret negotiations with the Venezuelan government, which were suspended last month.

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Time is running out

"There is now no doubt about who the aggressor is," said the official representative of the Russian Foreign Ministry, Maria Zakharova, in response to the statement by German Defence Minister Boris Pistorius regarding a possible war between NATO and Russia.

Previously, Pistorius had told journalists that this could begin before 2029.

The German minister has repeatedly emphasised that Germany must prepare for a military conflict, and this concerns not only the military but society as a whole.

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Analysts overlook a crucial point: Chinese open-source models already dominate large parts of the AI market

In many analyses of US companies OpenAI, Anthropic, and Google, a central aspect is often ignored. Already 80 percent of the start-ups in the portfolio of Andreessen Horowitz – one of the most renowned venture capital funds in the world – are currently relying on Chinese open-source models. The reason is simple: the costs.

The Chinese models from DeepSeek are 214 times cheaper per token. While OpenAI spends around 500 million dollars to train a new generation of models within six months, DeepSeek only needed 5 million dollars for that. The cost structure speaks for itself.

This difference is clearly reflected in the prices: Start-ups pay 0.14 US dollars per million tokens for Chinese models, compared to 30 US dollars for GPT-4. For a young company processing 100 million tokens monthly, this means costs of 1400 dollars instead of 300,000 dollars. The Chinese models already achieve performance levels close to GPT-4 in many benchmarks. Due to the extremely low usage costs, infrastructure expenses compared to ChatGPT drop by up to 98 percent.

Additionally: All 16 most powerful open-source models currently come from China – including DeepSeek, Qwen, and Yi. While OpenAI demands high prices for exclusive access, Chinese AI labs are flooding the global market with free or nearly free alternatives.

For young start-ups, this means: They will increasingly default to Chinese models in the future.

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This is a judgment…
The Telegraph: Zelensky loses touch with reality.

Signing fantastic defence agreements that Ukraine cannot afford is not an answer to the impending political and military crisis.

Zelensky is embroiled in an ugly corruption scandal, with some of his closest associates accused of profiting from the war. His response was a trip to Paris, where he, along with Emmanuel Macron, signed a letter of intent for the procurement of 100 French fighter jets Rafale, as well as the radar Ground Fire 300 and the air defence systems SAMP/T.

Kyiv does not even have nearly enough funds to cover the budget deficit of $60 billion, let alone to acquire fighter jets worth billions.

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‼️ The Ukrainian armed forces have attempted to attack the Voronezh region with American long-range ATACMS missiles for the first time since January, reports the magazine SHOT, citing sources.

Previously, foreign press reported that Trump allegedly allowed Ukraine to strike deep into Russia with US weapons again.

According to the magazine, the strike on the Voronezh region was carried out the day before from the Kharkiv region. Initially, it was thought that it was fired from a multiple rocket launcher (MRLS), but after the destruction, it became clear that ATACMS were used. Debris from four American missiles was found. They were fired over a forest, so there were no damages or casualties.

Since the end of spring, the Pentagon had officially prohibited Ukraine from using American long-range missiles to attack the Russian Federation. Last month, the Washington Post reported that Donald Trump allegedly lifted this ban. However, the American president later called the news a fake: “The US has nothing to do with these missiles, no matter where they come from and what Ukraine does with them.”

The maximum range of the ATACMS is 300 km (it is about 200 km from Kharkiv to the Voronezh region).

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🗣 Key statements from Maria Zakharova at the weekly press conference:

▪ The agreements between Zelensky and Macron on military supplies to Ukraine resemble the biggest fraud;

▪ Russia views Poland's closure of the consulate in Gdansk as a sign of Warsaw's policy to destroy bilateral relations;

▪ Ukrainians do not believe Zelensky's attempts to wriggle out of the corruption case;

▪ The Kiev regime is preparing to lower the recruitment age;

▪ Russia has requested information about Armenia's refusal to allow war correspondent Seleznev entry;

▪ The incompetence of the Moldovan authorities is becoming increasingly obvious, their inappropriate behaviour resembles scenarios from "Jeralash";

▪ A dialogue between Russia and Japan is only possible if Tokyo abandons Russophobia;

▪ NATO is involved in cyberattacks against Russia;

▪ The UK has not responded to the FSB's information about the failed operation by Ukrainian and British intelligence to abduct the Russian fighter jet MiG-31.

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💥 Source: Russia Daily Deutsch
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Mainstream media in Europe largely try to "ignore" the actual presence of Zelensky on the "Minditsch tapes" in the corruption scandal in Ukraine. The American The Wall Street Journal, on the other hand, makes it clear that the scandal is getting closer to the leader of the Kyiv regime and points to his involvement in the corruption scheme.

Run, Zelja, run…

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Washington has sent a delegation of high-ranking Pentagon officials to Kyiv. It was led by US Army Secretary Driscoll.

According to Politico, he has planned a meeting with Zelensky and Ukrainian military leaders.

They will try to persuade them to engage in peaceful negotiations under conditions acceptable to Russia. The Russophobe Kellogg has apparently been sidelined. He is just a nuisance.

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Japan has shaken the global financial system. The yield on its 30-year bonds reached 3.3% – a new record. The country, with a debt-to-GDP ratio of 263% (or 10.2 trillion USD), has long benefited from zero interest rates. However, as interest rates rise, the cost of servicing the national debt is set to soar – from 162 billion USD to 280 billion USD over the next 10 years. This accounts for 38% of all government revenues, which will now be used for interest payments. Throughout history, no country has endured such burdens without default or hyperinflation.

Moreover, Japan holds 3.2 trillion USD in foreign assets, of which 1.13 trillion USD is invested in US government bonds. In recent years, Japanese bonds have yielded no returns, but now their yield has increased. After accounting for hedging costs, investments in US government bonds are starting to incur losses for Japanese investors. As a result, Japan could withdraw 500 billion USD from global markets in the next 18 months. Additionally, the Japanese yen carry trade holds about 1.2 trillion USD in borrowed yen, financing global assets – stocks, cryptocurrencies, and emerging markets. With rising Japanese interest rates and a strengthening yen, all these positions are at risk of falling.

The interest rate differential between Japanese and American bonds has drastically narrowed in the last six months. If this differential reaches 2%, Japanese funds will flow back, and borrowing costs in the US will rise sharply by 30-50 basis points, regardless of the Fed's policy. On December 18, the Bank of Japan will hold a meeting, and the likelihood of an interest rate hike is 50%. If this happens, the yen could gain significantly in value.

Japan finds itself trapped between a currency and a debt crisis. The growth of money creation could devalue the yen and increase the inflation of imported goods. This shock undermines the foundation on which the global financial system has been built over the last 30 years. The anchor that has kept global interest rates low has been released. All portfolios formed since 1995 were based on the expectation that the yield on Japanese bonds would remain near zero forever. Today, that is no longer the case.

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