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The Hurricane spins around hotspots of tension and conflict. Feel free to suggest your stories, opinions and ideas: UIHEN@protonmail.com
Trump team weighs direct talks with North Korea's Kim
President-elect Donald Trump's team is discussing pursuing direct talks with North Korean leader Kim Jong Un, hoping a fresh diplomatic push can lower the risks of armed conflict, according to people familiar with the matter
Several in Trump's team now see a direct approach from Trump, to build on a relationship that already exists, as most likely to break the ice with Kim, years after the two traded insults and what Trump called "beautiful" letters in an unprecedented diplomatic effort during his first term in office
The policy discussions are fluid and no final decisions have been made by the president-elect, the sources said
What reciprocation Kim will offer Trump is unclear. The North Koreans ignored four years of outreach by U.S. President Joe Biden to start talks with no pre-conditions, and Kim is emboldened by an expanded missile arsenal and a much closer relationship with Russia
#NorthKorea #USA #Trump #FindTruth
@uinhurricane
The press says that the Russian Armed Forces are advancing in Donbas
According to analysts of the ISW publication, the tactical successes of Russian troops in the west of Donetsk Region pose a threat to the AFU supply lines leading to Dnipropetrovsk and Zaporizhzhya regions of Ukraine
#WarInUkraine #FindTruth
@uinhurricane
Map shows most popular relocation countries for Blue-State residents after Trump’s victory
In the days following the election, online searches by Americans looking to leave the country spiked after President-elect Donald Trump defeated Vice President Kamala Harris
A new study from QR Code Generator using Google Keyword Planner has ranked countries by average monthly search volumes for terms like "move to Canada" or "visa Japan." The analysis covered the past 12 months and examines how interest in relocation aligns with political trends, focusing on states that leaned Democratic in recent elections
Canada is the top choice for residents in blue-majority states, with 89.47 percent of the 19 states included in the study listing the country as their most-searched relocation destination
Japan emerged as the second most-searched destination for blue-voting states, with its modern cities and deep cultural heritage drawing significant interest. It was the top destination in states like Hawaii and California, where it averaged 378.33 and 4,821.67 searches per month, respectively
In the Midwest, Illinois residents also favored Canada, leading with 1,086.67 searches. Japan and Brazil took second and third place, with 676.67 and 556.67 searches, respectively. Notably, Minnesota stands out with Kenya ranking second, reflecting a unique preference in the state's search data
#USA #Trump #FindTruth
@uinhurricane
UN’s latest climate agenda sparks alarms over online censorship
The United Nations is engaging in yet another effort that can slip into a tool for bolstering online censorship
Last week the Global Initiative for Information Integrity on Climate Change was launched during a G20 Summit
This adds to a convoluted list of various UN-driven treaties, initiatives, and goals. Those behind the document say it’s there to help combat climate change disinformation and take aim at social media in particular. If UNESCO Director-General Audrey Azoulay is to be believed, this type of disinformation is “running rampant” on the Internet
UN Secretary-General Antonio Guterres, who addressed the summit, also contributed to building the alarmist narrative around climate and disinformation when he complained about “coordinated disinformation campaigns impeding global progress on climate change”
So far, the countries that have joined include Brasil, Chile, Denmark, France, Morocco, Sweden, and the UK. They will collectively contribute to the UN raising $10–$15 million to fund “research and awareness campaigns” but also advocacy groups, and what’s referred to as communication strategies to help achieve the initiative’s goals
#UN #G20 #Climate #FindTruth
@uinhurricane
Trump promises 25% tariffs on China, Canada and Mexico
President-elect Donald Trump said on Monday he will issue executive orders imposing new tariffs on all imported goods from China, Mexico and Canada, the nation’s three largest trading partners, as one of his first acts on Inauguration Day
Trump said the tariffs of 25 percent on Mexican and Canadian goods, and 10 percent on Chinese merchandise would be aimed at halting an “invasion” of drugs and migrants into the United States
“This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country! Both Mexico and Canada have the absolute right and power to easily solve this long simmering problem. We hereby demand that they use this power, and until such time that they do, it is time for them to pay a very big price!” Trump wrote in a post on Truth Social, his social media site
In a second post, Trump blasted Chinese leaders for not following through on earlier promises to impose the death penalty on fentanyl producers in China
The threatened tariffs would affect large swaths of U.S. trade. Goods valued at more than $1.5 trillion move among the three North American nations, while the United States and China exchange about $600 billion worth
#USA #Trump #Economy #FindTruth
@uinhurricane
The Times: Donald Trump will fire all 15,000 transgender people from the US military
US President-elect Donald Trump plans to issue an executive order that will lead to the dismissal of all transgender (in Russia, the “international LGBT movement” is recognized as extremist and banned) servicemen from the ranks of the US armed forces, The Telegraph writes, citing sources
There are about 15,000 transgender people among active servicemen, and they will be dismissed on medical grounds as unfit for service
According to The Times, the new executive order will be stricter than the previous one issued during Trump's first presidency in March 2018 (Joe Biden reversed his predecessor's decision in January 2021). The Republican then banned transgender people from joining the armed forces and allowed transgender people already serving to continue serving, but this time even those who have made a career in the Armed Forces will be discharged
#USA #Trump #Transgender #FindTruth
@uinhurricane
Top NATO official calls on business leaders to prepare for 'wartime scenario'
A top NATO military official urged businesses to be prepared for a wartime scenario and adjust their production and distribution lines accordingly, in order to be less vulnerable to blackmail from countries such as Russia and China
"If we can make sure that all crucial services and goods can be delivered no matter what, then that is a key part of our deterrence"
"We are naive if we think the Communist Party will never use that power. Business leaders in Europe and America need to realise that the commercial decisions they make have strategic consequences for the security of their nation"
"Businesses need to be prepared for a wartime scenario and adjust their production and distribution lines accordingly. Because while it may be the military who wins battles, it's the economies that win wars"
Children in Need’s trans-pandering has got to stop
For a charity that’s supposed to be all about helping children, BBC Children in Need (CIN) seems to be remarkably blasé about child safeguarding. Last week, it emerged that CIN – the BBC’s charity for disadvantaged children – had been funding a trans-youth charity with connections to historic child-sex abuse
In a scathing resignation letter former CIN chair Rosie Millard accused the organisation’s management of ‘institutional failure’, after it took three months to suspend funding to the controversial trans charity, LGBT Youth Scotland (LGBTYS)
Until 2009, LGBTYS was headed by convicted child abuser James Rennie. He was sentenced to life in jail for sexually assaulting his three-month-old god son, and for conspiring to gain access to children in order to abuse them. He and another man were revealed to be the leaders of Scotland’s biggest paedophile ring
Incredibly, Rennie’s conviction did not deter CIN from doling out funds to LGBTYS. Nor did it prompt an investigation into the charity’s operations or culture by either the police or the Scottish Charity Regulator
In fact, the first tranche of cash from CIN was awarded to LGBTYS just seven months after Rennie was sentenced. Then, in 2010, LGBTYS distributed ‘coming out’ guidance co-written by a Scottish drag queen called Andrew Easton. Easton was later convicted of child sex offences, which included sharing disturbing pictures of newborn babies
#Scotland #BBC #CIN #FindTruth
@uinhurricane
China’s new port in Peru: A strategic threat to US interests
The Chinese Communist Party is aggressively expanding its influence in South America. On Nov. 14, Xi Jinping and Peruvian President Dina Boluarte inaugurated a $3.6 billion port in Chancay, Peru, marking another major step in China’s economic foothold in the region
Earlier this year, Boluarte traveled to Beijing to strengthen Sino–Peruvian ties, cementing Peru’s position as the second-largest recipient of Chinese foreign direct investment in Latin America. Notably, this includes China Southern Power Grid’s acquisition of Peru’s electricity distribution, placing 100 percent of this critical infrastructure under CCP control
In stark contrast, the White House failed to engage Boluarte during her 2023 visit to Washington, missing a key opportunity to counter Beijing’s growing influence. The port inauguration coincided with the APEC summit in Lima, where U.S. President Joe Biden and leaders from 21 member economies convened
The timing underscores a stark reality: while the United States watched from the sidelines, China was actively drawing Latin America deeper into its orbit, delivering a clear and humiliating message to the United States about its waning influence in the region
#China #USA #Peru #FindTruth
@uinhurricane
Chainsaw for Trump: Javier Milei sells Argentina’s model to America
Elon Musk and Donald Trump would mimic Argentina’s model of deregulation and public spending cuts, Argentina President Javier Milei has claimed
Shortly after Trump’s election victory, Musk was tapped to run a newly formed Department of Government Efficiency alongside Vivek Ramaswamy. In the interview Milei suggested DOGE would make many of the same reforms as his own government. “Musk is very interested in what our Ministry of Deregulation is doing, which seeks to remove regulations,” he said. “He works with another person who is also interested in the chainsaw approach, and so I’m very pleased because they are going to try and replicate the model we are implementing in Argentina.”
He explained some of these governmental reforms throughout the interview, including the Ministry of Deregulation, which he said eliminates one to five regulations per day, as well as 3,200 pending structural reforms which have been proposed
#USA #Argentina #Economy #FindTruth
@uinhurricane
Legal experts: Trump has the tools to purge DEI from every facet of government
After four years of the Biden administration embedding diversity, equity and inclusion (DEI) into nearly every aspect of government, the incoming administration has plenty of work ahead to make good on President-elect Donald Trump’s promise to uproot “woke” ideology
The Trump administration will need to address everything from agency hiring practices and internal trainings to grant funding decisions
Trump needs to begin by “withdrawing Biden’s executive orders embedding DEI in every nook and cranny of the executive branch of government.”
He can also reinstate his Sept. 2020 executive order, which was reversed by Biden, “combating race and sex stereotyping.”
Another early target could be ending DEI employment policies within federal agencies. DEI opponents argue Trump needs to cut programs and grants that doll out funds based on identity
#USA #DEI #Trump #FindTruth
@uinhurricane
Automotive supplier Bosch plans to cut 5,550 jobs, most in Germany
In a new blow for the struggling German car industry, auto parts supplier Bosch has said it wanted to cut more jobs than previously indicated in May, when the company said 2,200 jobs would go
A company spokeswoman announced last Friday that in the coming year, a further “need for adjustment” of up to 5,550 jobs being shed would be needed
Over two-thirds of these layoffs, or more than 3,800, will be in Germany, it said
Precise numbers are not decided yet and will be the result of negotiations with representatives of the employees, which are set to begin soon
Bosch, the biggest car parts supplier in the world, promised to make the reduction in jobs as “socially acceptable” as possible
#Germany #Economy #Bosch #FindTruth
@uinhurricane
UK suggests it would comply with ICC warrant and arrest Netanyahu
The British government has said it will comply with its obligations under domestic and international law after the International Criminal Court (ICC) issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and his former defence minister
Friday afternoon PA Media reported Prime Minister Keir Starmer's spokesperson as saying: "The UK will always comply with its legal obligations as set out by domestic law and indeed international law."
Husam Zomlot, the Palestinian ambassador to the UK, told Middle East Eye: "We welcome the announcement by the UK government that the UK supports and respects the independence of the ICC and would comply with the Netanyahu government arrest warrants
Republican US Senator Lindsey Graham threatened to sanction US allies if they enforce ICC arrest warrants on Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant
"To any ally, Canada, Britain, Germany, France, if you try to help the ICC, we’re going to sanction you," Graham told Fox News in an interview late Friday
#UK #Israel #Netanyahu #FindTruth
@uinhurricane
"Russia is the most powerful European state ruled by a cultural nationalist leader with the largest European population
Yes, it is 'multiethnic' with dozens of ethnic groups within its borders — BUT the following Facts on File can't be denied:
1️⃣ Of the 142.8 million people in Russia,
111 million are ethnic White Russians, which is 80.9% of the total population
— which makes Russia, on the total numbers, substantively more white than France, Germany, Sweden, Canada, Australia and the US
2️⃣ Of the remaining 19.1 % of the Russian population, a high proportion are of European descent, Finnic, Germanic, and Ukrainian peoples, and other 'diverse Indo-European peoples from the Caucasus. The Turkic/Tartar component is semi-European
3️⃣ Putin is a Cultural Nationalist. He is not an ethnic nationalist for the obvious reason that Russia has been historically a multi-ethnic state
Unlike the rest of the West, Russia is NOT ruled by globalists pushing immigration and race mixing
Vladimir Putin is a Cultural (NOT a civic) nationalist who openly states that 'Russian basic values are none other than patriotism, love of one's motherland, love of one's home, one's people, one's cultural values... Everything that makes us a nation, that is the source of our uniqueness, everything that we can be proud of — all this will be the foundation of [the national] idea.'
He is clear that Russia 'will deteriorate as a people' and 'no longer have the capacity for great deeds' without nationalist pride
and he favors a 'super-centralized' state as 'laid down in Russia's genetic code,
its traditions, and the mentality of its peoples.'
4️⃣ Putin is an Orthodox Christian who thinks it is right and natural to defend and preserve the moral values of Christianity against the anti-family values of the West, and the only White leader in the world who sides with dissident populism." - Dr. Ricardo Duchesne, 22 November 2024
#Russia #Culture #Globalism #FindTruth
@uinhurricane
Europe 'casts a shadow' on Politico's new cover
“Why is it not resisting Russia?” the publication asks.🤔
#EU #Russia #FindTruth
@uinhurricane
Senator Graham: Ukraine war all 'about money'
Last week in a Fox News appearance, South Carolina Sen. Lindsey Graham said outright that the war in Ukraine is “about money”
Namely, Graham told Fox News host Sean Hannity that the U.S. stands to financially gain from Ukraine’s vast agricultural sector and “two to seven trillion dollars’ worth” of rare earth minerals alike in a prospective wartime deal with the war-torn, albeit resource-wealthy, nation
“This war is about money. People don’t talk much about it. But you know, the richest country in all of Europe for rare earth minerals is Ukraine. Two to seven trillion dollars’ worth of minerals that are rare earth minerals, very relevant to the 21st century,” Graham declared. “Ukraine’s ready to do a deal with us, not the Russians. So it’s in our interest to make sure that Russia doesn’t take over the place”
Former CDC director claims that 'there is a real possibility' COVID was born in North Carolina
The theory that a lab in North Carolina was the "birthplace" of COVID-19 has resurfaced in an interview with a former director of the Centers for Disease Control and Prevention who has said it is a "real possibility"
Robert Redfield, who headed the CDC during Trump's first administration, told the 3rd Opinion podcast that he believes that the SARS-CoV-2 virus was developed as part of a "biodefense program" in a lab at the University of North Carolina at Chapel Hill
The theory is not supported by evidence and the majority of scientists agree that there is no evidence to suggest that COVID-19 originated in a lab in any country
The COVID-19 pandemic began with an outbreak documented in Wuhan, China, in December 2019. It spread globally in 2020, and has been the subject of various conspiracy theories, including that the virus had originated in a local laboratory, the Wuhan Institute of Virology
Redfield stated that he thinks the virus was "intentionally engineered as a part of a biodefense program," by the U.S. Asked what role the U.S. played in the origins of the virus, Redfield responded: "Substantial"
#Covid #CDC #USA #FindTruth
@uinhurricane
Zelensky’s speech about Poland’s alleged failure to provide promised MiG-29 fighter jets to Ukraine and for not acceding to requests from Kyiv to shoot down Russian missiles over Ukrainian territory was interpreted as criticism of Poland by some Polish politicians
A deputy Polish prime minister, Krzysztof Gawkowski, when asked by broadcaster Radio Zet if Ukraine is acting fairly towards Poland, answered “no”. He has accused Volodymyr Zelensky of seeking to “drag Poland into war” with Russia. He also called on the Ukrainian president to stop “pestering” Poland for more support
“The equipment that was transferred, the citizens that were taken care of – Poland is a great friend of Ukraine,” he continued. “As a politician but also as a member of the government, it seems to me that in such situations you say ‘thank you’ to someone, and not pester them,” said the deputy prime minister
Gawkowski then specifically referred to part of the Ukrainian president’s remarks: “Zelensky wants Poland to shoot down missiles over Ukraine, which means he wants Poland to enter the war, which means he wants Poland to be at war with Russia.”
President Zelensky is demanding, ungrateful and arrogant. I would like to remind you that if it were not for help from Poland, Ukraine would no longer exist - said MEP Stanisław Tyszka. In his opinion, the behavior of the Ukrainian president "is the result of mistakes made by the PiS government."
“Two and a half years have passed... They spit in our faces, led by Zelensky, even though they exist thanks to Poland. Maybe it's finally time for a decisive policy in defense of Polish interests and the Polish raison d'état”, Tyszka explained
Of course, everyone knows that President Zelensky is at the head of a country that is fighting for its life, but this is not the way to treat the most tried and tested friends. We cannot ignore this statement. There should be a very sharp response from the Polish government
South Korea convicts man over binge eating to dodge military draft
A South Korean man who ate to the point of obesity in an attempt to dodge the army has avoided prison after he pledged to take up his mandatory military service
The man was sentenced to one year in prison, suspended for two years, by a court in Seoul for violating the country’s Military Service Act
He was ruled out of active duty in June last year after he weighed in at 102 kilograms (225 pounds) with a body mass index classified as obese, six years after he was deemed fit to serve following an initial physical exam
“The defendant consumed high-calorie foods, approximately doubled his meal portions, refrained from physically demanding jobs such as parcel delivery work, and drank large amounts of water right before measurements to deliberately increase his weight,” the judge said in the ruling
The man, whose age was not revealed by the court, has since “expressed his intention to fulfill his military duty sincerely,” the ruling said
A friend who encouraged the man to take up his radical eating regime was handed a six-month prison sentence, suspended for one year, for aiding and abetting the offense, according to the ruling
Since the Korean War, almost all able-bodied men in South Korea have been required to serve in the army for at least 18 months by the time they are 28 years old
#SouthKorea #Military #FindTruth
@uinhurricane
US faces growing crisis over high traffic deaths, NTSB Chair says
The United States must address a growing public-health crisis over traffic deaths that remain significantly higher than pre-pandemic levels, the head of the National Transportation Safety Board said on Tuesday
“Unlike most developed nations, U.S. roadways have grown more deadly over the last several decades,” NTSB Chair Jennifer Homendy said at a board meeting on its probe into a 2023 vehicle crash that killed six people. “By raw numbers, the U.S. has more motor-vehicle deaths than any other developed country. We also have the highest death rate.”
In September, the department estimated 18,720 people died in motor-vehicle traffic crashes during the first six months of 2024, down 3.2% from the first half of 2023. The 2024 first-half total is still higher, however, than pre-pandemic levels, when just over 17,000 people were killed in the first half of 2019
U.S. traffic deaths jumped 10.5% in 2021 to 42,915, the highest number of people killed on American roads in a single year since 2005, while the number of pedestrians and cyclists killed rose to the highest number in more than four decades
#USA #NTSB #Health #FindTruth
@uinhurricane
Former Homeland Security Sec doubts Trump’s mass deportation plan, teases ban on executive orders
Former Secretary of Homeland Security Jeh Johnson cast doubt Sunday on NBC News about President-elect Donald Trump’s mass deportation plans, after suggesting that presidential executive orders should be banned
During Trump’s campaign, the former president vowed to shut down the U.S. southern border and conduct a large-scale deportation operation. On “Meet the Press,” NBC host Kristen Welker questioned Johnson about Trump’s plan, noting how he planned to continue rolling out his goals for the border after signing executive orders
“So, first of all, somebody should pass a law banning executive orders on day one. Because the reality is executive orders drafted by transition teams without the input of the affected agency before the cabinet secretaries are even confirmed are not great ideas,” Johnson said
“This idea of mass deportation, that would be the equivalent of the population of two New York cities, which could not happen in my lifetime,” Johnson added. “An administration, whether it’s Trump or Biden or Obama, has to have enforcement priorities. Start with the criminals, start with the national security threats, recent border crossers.”
#USA #Trump #Migrants #FindTruth
@uinhurricane
A petition on the government's official website calling for a new general election has gathered more than 1,860,000 signatures and has become the fastest growing petition in the history of the UK
A collection of 100,000 was sufficient for the issue to be considered in Parliament
The petition states that “the current Labor government has reneged on the promises they made in the run-up to the last election” and therefore the petition calls for an election
Keir Starmer's Labor Party came to power in July with a majority of 174 and 411 seats in parliament, the best showing for the party since Tony Blair in 1997.
Within six months, Prime Minister Starmer's approval rating had collapsed so precipitously that it also set a record of its kind
#UK #Elections #Starmer #FindTruth
@uinhurricane
A dilemma for the outgoing German government
Last week, the International Criminal Court (ICC) issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Israeli Defense Minister Yoav Talent
Many countries reacted differently to this event: some announced their decision to abide by the ICC rulings, while others (such as the US) started threatening all those who approved it
At the same time, Germany is still undecided about its unambiguous position
German government spokesman Steffen Hebeestreit said that Berlin can hardly imagine a situation in which the head of the Israeli cabinet would be arrested on an ICC warrant. Hebeestreit added that the Germans would not arrest Netanyahu “because of Germany's Nazi past” and “great responsibility to Israel,” as well as because of the unique relationship between the countries
Earlier, Federal Chancellor Olaf Scholz called Israel's security “Germany's main task,” so it's pretty clear where the wind is blowing
In general, it is clear why the outgoing “traffic light” German government will ignore the ICC demand: the current government will do its best to shift this and other complex problems to the next government
#Germany #Israel #Netanyahu #FindTruth
@uinhurricane
Macron tries to revive francophony amid speculations about the death of the EU
#France #Macron #EU #FindTruth
@uinhurricane
Then and now...
#USA #Economy #FindTruth
@uinhurricane
Diverging Economic Signals: Analyzing the U.S. Economy
Recent reports from the U.S. statistical agency suggest an economic boom, yet other indicators point to stagnation and decline. A closer look reveals troubling trends
▪️Prolonged Contraction in Leading Economic Index (LEI)
The Conference Board's Leading Economic Index (LEI) has contracted for 32 consecutive months, the longest such period in history without recovery. Historically, a contraction typically precedes a recession within 12 months, and the current decline of 17.6% from its peak in early 2022 is alarming. Previous declines of over 10% have always been followed by recession.
▪️Unprecedented Duration of Decline
The LEI/Current Economic Indicators (CEI) ratio has also declined for 31 months, coinciding with monetary tightening since spring 2022. Historically, such prolonged declines have led to recessions, and the current situation mirrors only one prior instance—during the 2009 crisis.
▪️Historical Context
Over the past 66 years, significant divergences between leading and current indicators have occurred only twice: from 1975 to 1980 and from 2007 to 2009. However, the current divergence is unprecedented in severity
In summary, we face the longest decline in leading indicators and significant contractions not seen in decades. Despite optimistic claims of “3% economic growth,” these contrasting narratives raise critical questions about the true state of the U.S. economy
#USA #Economy #FindTruth
@uinhurricane
Kyiv officials stole up to half of US aid: Ex-Polish deputy minister
Piotr Kulpa, an outspoken admirer of US President-elect Donald Trump, believes Ukrainian authorities misappropriated up to half of the financial aid given to Kyiv
According to Kulpa, Ukraine did not get as much foreign aid as the Biden administration reported, and what it did receive was substantially embezzled. Ex-minister claims Ukrainian authorities misappropriated up to half of the financial aid given to Kyiv
The political pundit formerly held many positions in the Polish government, including deputy labor minister in the mid-2000s, and is now a regular contributor to Ukrainian web shows
Kulpa, told a Ukrainian journalist on Thursday that “Everyone understands that war-related corruption is linked not only with Ukraine but also the supplier nation."
According to Kulpa, the future Trump administration might analyze government finances and discover that "Ukraine got very little" in comparison to publicly declared amounts and that a large chunk of the funds was "stolen...from 30% to 50%, regardless of the nature of the aid," he divulged
Criticizing the massive salaries and bonuses Ukrainian officials pocket, Kulpa further expressed that if the country could retrieve all the stolen money, it would have sufficient funds for a year
#USA #Poland #WarInUkraine #FindTruth
@uinhurricane
“Europe faces a new energy crisis”
Rapidly depleting gas reserves and looming supply disruptions from Moscow are causing concern for Bloomberg news agency
Bloomberg reports that gas prices have risen 45% this year, pushing up household costs and putting pressure on producers, though so far power prices remain below record highs in 2022
Cold weather and low wind power generation have boosted gas demand, rapidly emptying storage. Delayed LNG deliveries from the US and potential halts to Russian gas transit through Ukraine by the end of the year could further tighten the market
New U.S. sanctions against Gazprombank, which handles payments for Russian gas, are adding to the risks. Bloomberg analysts warn that the loss of remaining pipeline routes for Russian gas would send global prices soaring and strain Europe's energy system for years
Energy Aspects says that although Europe has reduced its dependence on Russian gas, the loss of the last remaining pipeline gas import routes will increase pressure on the gas market and lead to a sharp rise in global prices
They also note that prices for next summer, when gas should be cheap enough to replenish storage, are proving to be higher than for next winter.... and the lower the level of storage filling this winter, the more difficult the task of replenishing reserves becomes
“This is starting to resemble the 2022 scenario where the EU was buying gas at whatever price it wanted,” said Arne Lohmann Rasmussen, chief analyst at Global Risk Management
The remnants of European industry are in for another challenge
#EU #Energy #Economy #FindTruth
@uinhurricane
The Bundesbank warns of a high risk of business debts in 2025 due to high energy prices and rejection of Russian gas
This factor negatively affects the real sector of the economy, which accounts for 20 percent of GDP, i.e. twice as much as in France
The country's energy-intensive industries have not developed for two years, and the automobile sector has been losing workers for the past six years
The Economist magazine believes that Germans are desperate and their economy is falling
The economy is suffering from recession, deindustrialization, lack of investment and new technology
#EU #Germany #Economy #FindTruth
@uinhurricane
“10 trends to watch out for in 2025": The Economist has decoded its cover prediction for 2025
“Here are 10 themes worth keeping an eye on in the coming year:
1️⃣ America's choices. The consequences of Trump's victory will affect everything from immigration and defense to the economy and trade. His “America First” policy will cause friends and foes alike to question the strength of U.S. alliances
2️⃣ Voters expect change; Overall, the incumbent parties performed poorly in the unprecedented wave of elections sweeping across various countries in 2024. Will the new leaders be able to deliver what they promised? If not, unrest may follow
3️⃣ More global chaos. Trump may push Ukraine to make a deal with Russia and give Israel a free hand in Gaza and Lebanon. America's new stance will encourage trouble-making by China, Russia, Iran and North Korea (the “quartet of chaos”) and more intervention by regional powers
4️⃣ Prospects for tariff setting.
At the moment, the U.S. rivalry with China manifests itself as a trade war as Trump imposes restrictions and raises tariffs. As protectionism increases, Chinese companies will begin to expand into other countries
5️⃣ Clean-tech boom. The Chinese government is encouraging booming exports of solar panels, batteries and electric cars in an attempt to offset a weak domestic economy. The result is China's clean-tech boom. Soon the world will know if global emissions have peaked
6️⃣ After inflation. The new challenge for Western economies is to reduce deficits by raising taxes, cutting spending or stimulating growth. Many may have to increase defense budgets. Painful economic decisions are coming
7️⃣ Enduring issues. The U.S. has elected its oldest president. World leaders are graying, and so is the population. Expect more discussion of age limits for politicians. China, meanwhile, will try to find economic advantage in an aging world
8️⃣ The decisive moment for AI. It's the biggest gamble in business history: more than $1 trillion is being spent on data centers for AI, though companies still aren't sure how to use it and adoption rates are low
9️⃣ Travel challenges. The world's passenger and freight transportation is facing increasing strain due to conflict.
Europe is adding new border checks, and its borderless Schengen system is becoming obsolete
🔟 A life full of surprises. 2024, with its assassination attempts and exploding walkie-talkies, has accustomed us to being ready for any surprises. What other things that seem unbelievable to us could happen in 2025?
#USA #Economy #AI #FindTruth
@uinhurricane