analysis

The crypto firm Ripple is the latest major player to enter the $150 billion stablecoin market with the launch of a digital currency tied to the dollar. The stablecoin is always backed in 1 to 1 by an equivalent sum of assets the company has in reserve — U.S. dollar deposits, U.S. government bonds and cash equivalents — that it does not say which company will audit. Ripple is first launching its stablecoin in the United States, but did not rule out offering additional

Yen drops to lowest level in 34 years despite BOJ rate rise

At the same time, China claims the largest area of the South China Sea. China issued an official map with an 11-point line enlarging the area of its territories in 1947 but reduced it to a 9-point - line last year - near Taiwan. Infrastructure includes barracks, surveillance radars, naval ports, and air bases. Vietnam (100 million people ) and the Philippines (114 million people ), are also building military bases, entering into separate alliances and trying to reserve territories

While there is no parole in the federal system, FTX co-founder Sam Bankman-Fried could be released a few years early for stealing billions of dollars from customers.

south Korean, European electric vehicles secure tax credits via lease loophole via lease loophole..... Read here

** U.N. Security Council adopts resolution for the first time for an immediate ceasefire in Gaza**.

Nissan to launch 16 electrified vehicles by 2026

From airports to green farms, Vietnamese and Dutch companies sign 18 deals

China and Russia hail 'profound'ties, vow to fight terrorism

At this point, the former President and CEO of the Federal Reserve Bank of St. Louis James Bullard said he’s expecting three interest-rate cuts this year as inflation moves toward the Central Bank’s target while the economy remains resilient — their best guess is still three cuts this year, he said on the sidelines of HSBC’s Global Investment Summit in Hong Kong. Economic data already justifies a rate cut, he added.