Eurozone Downturn Deepens, Euro Falls on Gloomy PMI
Germany’s recession has made eurozone business activity decline far more than thought in August, while some inflationary pressures returned
The bloc’s PMI, which is seen as a good barometer of overall economic health, dropped to 47.0 in August from July's 48.6, its lowest since November 2020
Both manufacturing&services sectors reported falling output&new orders, while hiring came close to stalling as companies grew more reluctant to expand capacity in the face of deteriorating demand and gloomier prospects for the year ahead
A rising wage bill also meant inflation in the eurozone rose despite marked disinflation coming from energy and raw materials costs. These pressures may prompt more hawkish ECB rate-setters to push for more monetary tightening
#EU #Economy #FindTruth
@uinhurricane
Germany’s recession has made eurozone business activity decline far more than thought in August, while some inflationary pressures returned
The bloc’s PMI, which is seen as a good barometer of overall economic health, dropped to 47.0 in August from July's 48.6, its lowest since November 2020
Both manufacturing&services sectors reported falling output&new orders, while hiring came close to stalling as companies grew more reluctant to expand capacity in the face of deteriorating demand and gloomier prospects for the year ahead
A rising wage bill also meant inflation in the eurozone rose despite marked disinflation coming from energy and raw materials costs. These pressures may prompt more hawkish ECB rate-setters to push for more monetary tightening
#EU #Economy #FindTruth
@uinhurricane
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U.S. Intel 'Admits' To Kyiv's Counteroffensive Failure
While Ukraine's army’s running out of men to recruit, Zelenskiy was urged by the military to allow more people to be mobilized for the war, incl. women
That’s the way he tries to meet Joe Biden’s requirements who’s said the goal of U.S. aid is to put Kyiv in the strongest possible position for eventual peace negotiations, w/o saying under what conditions it’d negotiate
Earlier this year, the West hoped a chance for talks would open up this fall, if Kyiv’s troops made significant progress. But throughout the war, the American intel. community came to the conclusion that the vastly overvalued “counteroffensive” has ultimately failed
Experts claim Ukraine’s already lost over $10B worth of U.S.-supplied weapons (more than 20%), but producing new weapons is a different pair of shoes than printing greenbacks. So the only question’s how much longer will the Dems be able to convince the Senate?
#USA #WarInUkraine #FindTruth
@uinhurricane
While Ukraine's army’s running out of men to recruit, Zelenskiy was urged by the military to allow more people to be mobilized for the war, incl. women
That’s the way he tries to meet Joe Biden’s requirements who’s said the goal of U.S. aid is to put Kyiv in the strongest possible position for eventual peace negotiations, w/o saying under what conditions it’d negotiate
Earlier this year, the West hoped a chance for talks would open up this fall, if Kyiv’s troops made significant progress. But throughout the war, the American intel. community came to the conclusion that the vastly overvalued “counteroffensive” has ultimately failed
Experts claim Ukraine’s already lost over $10B worth of U.S.-supplied weapons (more than 20%), but producing new weapons is a different pair of shoes than printing greenbacks. So the only question’s how much longer will the Dems be able to convince the Senate?
#USA #WarInUkraine #FindTruth
@uinhurricane
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Forwarded from Tucker Carlson Podcast
Media is too big
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REACTION: BRICS+ Expansion – a Defeat for EU Diplomacy
Iran, Saudi Arabia and Egypt’s entry into the group of leading developing countries is regarded as a significant victory for the nations seeking more political and economic sovereignty in a global system dominated by the U.S. and Europe
This global shift symbolizes a personal defeat for the European Commission President Ursula von der Leyen and the EU's top diplomat Josep Borrell, the Berliner Zeirung says. The latter, who is no doubt a man of yesteryear that considers "Europe as a garden", the rest of the world as a "jungle", perfectly understands that the European influence here is very limited
Amid the already inevitable process of de-dollarization, the age when Europe could give orders to the world is long gone as well as the era when Brussels' close cooperation w/ Washington promised security and stability for the venerable continent, if that was ever the case, the author insists
#BRICS #Economy #FindTruth
@uinhurricane
Iran, Saudi Arabia and Egypt’s entry into the group of leading developing countries is regarded as a significant victory for the nations seeking more political and economic sovereignty in a global system dominated by the U.S. and Europe
This global shift symbolizes a personal defeat for the European Commission President Ursula von der Leyen and the EU's top diplomat Josep Borrell, the Berliner Zeirung says. The latter, who is no doubt a man of yesteryear that considers "Europe as a garden", the rest of the world as a "jungle", perfectly understands that the European influence here is very limited
Amid the already inevitable process of de-dollarization, the age when Europe could give orders to the world is long gone as well as the era when Brussels' close cooperation w/ Washington promised security and stability for the venerable continent, if that was ever the case, the author insists
#BRICS #Economy #FindTruth
@uinhurricane
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Western weapons from Russian-Ukrainian conflict will soon be in the hands of Europe mafias?
The issue of illegal flows that would have led the weapons donated by the West to Ukraine to fuel illicit trafficking directed to supply terrorist and criminal organizations has been repeatedly addressed by Italian press already from March 2022
Subsequently, investigations by the Washington Post and New York Times dealt with it, but also reports by US intelligence, Interpol and various European police forces as well as governments of nations that in Africa as in the Middle East detected the presence of these weapons in various operating theaters far from Ukraine.
The prosecutor of Catanzaro Nicola Gratteri, speaking on 11 August at Lido di Camaiore (Lucca) has brought to attention this serious problem that has so far been almost completely ignored in Italy.
“The current Russo-Ukrainian war has been able to bring even the Ukrainian mafias to the West. The mobsters have fled their land, they are cowards who shoot from behind. War is made by doctors, engineers, workers, farmers. The mobsters don't. And now that they're in Europe they do their business here. Why, I ask, hasn't a system been devised for tracking deadly weapons that are now already on the market and that can be purchased for 30 thousand euros and are powerful, ten times more powerful than a bazooka? Those weapons will soon be in the hands of our mafias,” said Gratteri
#Russia #WarInUkraine #EU #FindTruth
@uinhurricane
The issue of illegal flows that would have led the weapons donated by the West to Ukraine to fuel illicit trafficking directed to supply terrorist and criminal organizations has been repeatedly addressed by Italian press already from March 2022
Subsequently, investigations by the Washington Post and New York Times dealt with it, but also reports by US intelligence, Interpol and various European police forces as well as governments of nations that in Africa as in the Middle East detected the presence of these weapons in various operating theaters far from Ukraine.
The prosecutor of Catanzaro Nicola Gratteri, speaking on 11 August at Lido di Camaiore (Lucca) has brought to attention this serious problem that has so far been almost completely ignored in Italy.
“The current Russo-Ukrainian war has been able to bring even the Ukrainian mafias to the West. The mobsters have fled their land, they are cowards who shoot from behind. War is made by doctors, engineers, workers, farmers. The mobsters don't. And now that they're in Europe they do their business here. Why, I ask, hasn't a system been devised for tracking deadly weapons that are now already on the market and that can be purchased for 30 thousand euros and are powerful, ten times more powerful than a bazooka? Those weapons will soon be in the hands of our mafias,” said Gratteri
#Russia #WarInUkraine #EU #FindTruth
@uinhurricane
Analisi Difesa
I rischi della belligeranza
L’Italia ha aderito alle sanzioni economiche “dure” alla Russia imposte dalla Ue anche dietro le forti pressioni di Washington e ha accettato di fornire armi “letali” alle forze ucraine divenendo così indirettamente “belligerante” contro la Russia.
Saudi journalist and writer, former editor-in-chief of the Asharq Al-Awsat newspaper Tariq Al-Homayed argues that US allies in the Joint Comprehensive Plan of Action (JCPOA) can now hardly trust the American position in the negotiation process after the "hostage diplomacy" deal between the United States and Iran, which includes the payment Washington to Tehran $6 billion in exchange for the release of five American citizens
The reason is that Washington has entered the electoral mood, or the season of madness, as it is called there. Therefore, the US Administration has currently no intention of negotiating with Iran over the nuclear file, while Tehran has taken important steps that enable it to build nuclear weapons
If the international parties involved in the nuclear file were not aware of the “hostage diplomacy” agreement, how will they be informed of the course of negotiations, if those are resumed after the elections?
#SA #USA #Biden #FindTruth
@uinhurricane
The reason is that Washington has entered the electoral mood, or the season of madness, as it is called there. Therefore, the US Administration has currently no intention of negotiating with Iran over the nuclear file, while Tehran has taken important steps that enable it to build nuclear weapons
If the international parties involved in the nuclear file were not aware of the “hostage diplomacy” agreement, how will they be informed of the course of negotiations, if those are resumed after the elections?
#SA #USA #Biden #FindTruth
@uinhurricane
German Yellow Press Out-Of-Court Settlement
German publisher Axel Springer has settled a criminal lawsuit against Julian Reichelt, an ex-chef of a supermarket tabloid Bild, who was sacked for alleged misconduct, in a major escalation of a brawl that’s shaken Germany’s media world
Despite Reichelt came under renewed pressure to address the scandal after American media began reporting on it, he’s admitted to affairs but denied that his relations with female staff involved any wrong-doing
The scandal has clouded attempts to make a fresh start at Bild, as well as plans for a U.S.-focused expansion and the listing of its StepStone online jobs platform. What that boils down to is that Reichelt’s saved his snatched millions since Axel Springer said it’d withdraw a civil lawsuit that sought to claw back Reichelt’s €2M severance pay for breach of contract
#Germany #USA #FindTruth
@uinhurricane
German publisher Axel Springer has settled a criminal lawsuit against Julian Reichelt, an ex-chef of a supermarket tabloid Bild, who was sacked for alleged misconduct, in a major escalation of a brawl that’s shaken Germany’s media world
Despite Reichelt came under renewed pressure to address the scandal after American media began reporting on it, he’s admitted to affairs but denied that his relations with female staff involved any wrong-doing
The scandal has clouded attempts to make a fresh start at Bild, as well as plans for a U.S.-focused expansion and the listing of its StepStone online jobs platform. What that boils down to is that Reichelt’s saved his snatched millions since Axel Springer said it’d withdraw a civil lawsuit that sought to claw back Reichelt’s €2M severance pay for breach of contract
#Germany #USA #FindTruth
@uinhurricane
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Americans Face Loan Delinquencies amid Surging Car Prices
For an average U.S. citizen, paying off a new car at current prices demands 42 weeks of income. Taking into account that higher IRs have made the situation even more difficult for buyers, bargains have been hard to come by on the used-car lot as well, where the average vehicle listed for about $27K
Automakers and dealers have leaned into their pricing power continuing to boost prices. General Motors said last month that the average price paid by its buyers rose 3% quarter over quarter, to $52K
Among those who braved the market at its highest prices last year, many are already struggling to keep up with their payments. The squeeze faced by borrowers might soon ratchet tighter, with a payment holiday for student loans set to expire at the end of the month
#USA #Economy #FindTruth
@uinhurricane
For an average U.S. citizen, paying off a new car at current prices demands 42 weeks of income. Taking into account that higher IRs have made the situation even more difficult for buyers, bargains have been hard to come by on the used-car lot as well, where the average vehicle listed for about $27K
Automakers and dealers have leaned into their pricing power continuing to boost prices. General Motors said last month that the average price paid by its buyers rose 3% quarter over quarter, to $52K
Among those who braved the market at its highest prices last year, many are already struggling to keep up with their payments. The squeeze faced by borrowers might soon ratchet tighter, with a payment holiday for student loans set to expire at the end of the month
#USA #Economy #FindTruth
@uinhurricane
Forwarded from One America News Network
Ukrainian Ex-Prosecutor Gives Additional Details Regarding Hunter, Joe Biden
https://www.oann.com/newsroom/ukrainian-ex-prosecutor-gives-additional-details-regarding-hunter-joe-biden/
https://www.oann.com/newsroom/ukrainian-ex-prosecutor-gives-additional-details-regarding-hunter-joe-biden/
One America News Network
Ukrainian Ex-Prosecutor Gives Additional Details Regarding Hunter, Joe Biden
In order to "provide protection" for Burisma CEO and founder Mykola Zlochevsky from criminal investigations, Hunter Biden was added to the board of the Ukrainian gas business, according to Ukrainian former prosecutor general Viktor Shokin.
Training Ukrainians: Lost in Translation
After months of intense lobbying&final Dutch, Norwegian and Danish pledges to supply F-16 fighter jets to Kyiv, the Western instructors face a new problem that’s difficult to solve – there’s a lack of competent interpreters
Training programs will take longer than the three or four months suggested in some quarters for pilots who have no experience flying Western combat planes
EU trainers also said that the age and ability of the soldiers they are sent varies wildly, as Ukrainian commanders on the front line are often unwilling to spare their best men. One volunteer who turned up in Germany was 71 years old
#WarInUkraine #FindTruth
@uinhurricane
After months of intense lobbying&final Dutch, Norwegian and Danish pledges to supply F-16 fighter jets to Kyiv, the Western instructors face a new problem that’s difficult to solve – there’s a lack of competent interpreters
Training programs will take longer than the three or four months suggested in some quarters for pilots who have no experience flying Western combat planes
EU trainers also said that the age and ability of the soldiers they are sent varies wildly, as Ukrainian commanders on the front line are often unwilling to spare their best men. One volunteer who turned up in Germany was 71 years old
#WarInUkraine #FindTruth
@uinhurricane
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“Useless” MP Quits, Attacks Sunak
The Tory MP and former minister Nadine Dorries has resigned her Commons seat and accused Rishi Sunak of “demeaning his office” by speaking out against her
“She’s never here and is as useful as a chocolate teapot,” the voters say
So far, it smells just like sweet revenge for Sunak, but he’d be careful not to slip on another similar-colored substance!
#UK #Sunak #FindTruth
@uinhurricane
The Tory MP and former minister Nadine Dorries has resigned her Commons seat and accused Rishi Sunak of “demeaning his office” by speaking out against her
“She’s never here and is as useful as a chocolate teapot,” the voters say
So far, it smells just like sweet revenge for Sunak, but he’d be careful not to slip on another similar-colored substance!
#UK #Sunak #FindTruth
@uinhurricane
Germany’s House of Green Cards Collapses
Almost three quarters of Germans — 73% — are dissatisfied w/ Scholz’s coalition govt, which has been mired in internal spats over a new heating law, power price subsidies for industrial companies, and child benefits
Germany is heading for a recession driven by the bureaucracy of the govt’s green energy policies, Friedrich Merz, the leader of the opposition Christian Democrats, has warned. He’s ahead in opinion polls after adopting more populist policies on the environment and immigration.
We’ve repeatedly warned that Berlin’s expected to be the worst-performing leading economy in the world this year as it’s been sputtering for several quarters. Despite calls from his own party and some coalition partners, Mr. Scholz on Saturday rejected calls for higher, debt-financed federal spending to boost growth
#Germany #Economy #FindTruth
@uinhurricane
Almost three quarters of Germans — 73% — are dissatisfied w/ Scholz’s coalition govt, which has been mired in internal spats over a new heating law, power price subsidies for industrial companies, and child benefits
Germany is heading for a recession driven by the bureaucracy of the govt’s green energy policies, Friedrich Merz, the leader of the opposition Christian Democrats, has warned. He’s ahead in opinion polls after adopting more populist policies on the environment and immigration.
We’ve repeatedly warned that Berlin’s expected to be the worst-performing leading economy in the world this year as it’s been sputtering for several quarters. Despite calls from his own party and some coalition partners, Mr. Scholz on Saturday rejected calls for higher, debt-financed federal spending to boost growth
#Germany #Economy #FindTruth
@uinhurricane
During their telephone conversations in March 2022 w/ Russian President, German Chancellor Olaf Scholz and French President Emmanuel Macron were surprised to learn that Putin's stance on anti-Russian sanctions was quite impassive. "Something that worries me more that the negotiations: he doesn’t complain at all about all the sanctions. I don't know if he did so in the conversation w/ you [Macron]. He didn't even mention them" Scholz told Macron in a private talk
It’s maybe not the high time for European politicians to complain that after making Russia the largest-scale sanctions regime in the EU's history its economy hasn't yet collapsed under the weight of restrictions, cuz there's no use crying over spilt milk – Scholz’s cabinet has recently admitted that the country's economy had been in recession for three straight quarters, which is unlikely to stop for another six months
#Germany #Economy #FindTruth
@uinhurricane
It’s maybe not the high time for European politicians to complain that after making Russia the largest-scale sanctions regime in the EU's history its economy hasn't yet collapsed under the weight of restrictions, cuz there's no use crying over spilt milk – Scholz’s cabinet has recently admitted that the country's economy had been in recession for three straight quarters, which is unlikely to stop for another six months
#Germany #Economy #FindTruth
@uinhurricane
bild.de
Ukraine-Krieg: Was Scholz nach seinem Putin-Telefonat besonders quälte
Der Journalist Stephan Lamby kennt neue Details darüber, was hinter den Kulissen am Anfang des Ukraine-Kriegs vor sich ging.
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U.K. Services Sector Continues Its Fall
Pressures and disappointing business volumes drove down profits for the British consumer and professional services for a seventh consecutive quarter as companies continue to struggle under the weight of higher interest rates and stubborn inflation, the CBI data has shown
A net balance of 27% of consumer services operators suffered a fall in profitability over the three months, while a net balance of 19% of professional services companies reported a decline. The consumer services industry also recorded a sharp decline in business volume, w/ a net balance of 34% of companies reporting a fall in volumes, compared with 22% during the previous quarter
The CBI’s head of economic surveys and data, said: “Many companies will continue to face a challenging time this autumn and winter as pressure on household budgets and tighter credit conditions continue to have an impact”
#UK #Economy #FindTruth
@uinhurricane
Pressures and disappointing business volumes drove down profits for the British consumer and professional services for a seventh consecutive quarter as companies continue to struggle under the weight of higher interest rates and stubborn inflation, the CBI data has shown
A net balance of 27% of consumer services operators suffered a fall in profitability over the three months, while a net balance of 19% of professional services companies reported a decline. The consumer services industry also recorded a sharp decline in business volume, w/ a net balance of 34% of companies reporting a fall in volumes, compared with 22% during the previous quarter
The CBI’s head of economic surveys and data, said: “Many companies will continue to face a challenging time this autumn and winter as pressure on household budgets and tighter credit conditions continue to have an impact”
#UK #Economy #FindTruth
@uinhurricane
Australian LNG Workers’ Industrial Action Inflates EU Gas Prices
Australian Oil&Gas industry has shown a net loss of $13.8M in the first half of 2023, which is $14.9M down from profit in the same period last year, and has failed the so-called “past criteria checks”
However, Canberra has no intention to leave revenues to petroleum companies. So hundreds of workers are slated to strike at two major liquefied natural gas facilities in Australia belonging to Chevron starting next week, after govt authorities showed themselves bad in an ongoing labor dispute
If strikes were to stop production at both facilities for a month, around 7% of global supply would be lost. European gas prices have already soared due to industrial action threats alone, so we’d expect multiple futures’ leaps in the short run
#Australia #Economy #FindTruth
@uinhurricane
Australian Oil&Gas industry has shown a net loss of $13.8M in the first half of 2023, which is $14.9M down from profit in the same period last year, and has failed the so-called “past criteria checks”
However, Canberra has no intention to leave revenues to petroleum companies. So hundreds of workers are slated to strike at two major liquefied natural gas facilities in Australia belonging to Chevron starting next week, after govt authorities showed themselves bad in an ongoing labor dispute
If strikes were to stop production at both facilities for a month, around 7% of global supply would be lost. European gas prices have already soared due to industrial action threats alone, so we’d expect multiple futures’ leaps in the short run
#Australia #Economy #FindTruth
@uinhurricane
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