Hope all are well.
jcr
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https://news.yahoo.com/exclusive-china-asks-banks-reduce-105227996.html
Reuters Exclusive-China asks some banks to reduce or delay dollar buying -sources
https://www.reuters.com/world/americas/canadas-new-justice-minister-tackle-perceived-lack-safety-crime-2023-07-31/#:~:text=TORONTO%2C%20July%2031%20(Reuters),safe%20from%20crime%2C%20he%20said.
Canada’s new justice minister to tackle perceived lack of safety from crime
China’s Great Leap Backward: So much for the next dominant superpower
The Chinese century is over. Facing upside-down demographic and economic trends, China is heading off the cliff
https://www.ft.com/content/27f262e2-166e-406c-888b-09936ece8f45
Weak Chinese factory activity puts pressure on Beijing to support economy
https://news.yahoo.com/asian-mit-grad-asks-ai-180424270.html
NextShark Asian MIT grad asks AI to make her photo more ‘professional,’ gets turned into white woman
SEC Told Coinbase to Stop Trading in All Cryptos Except Bitcoin Before Suing: FT
Armstrong said the SEC recommendation left them no choice but to head to court.
https://finance.yahoo.com/news/mexicos-super-peso-puts-squeeze-120531975.html
Mexico’s ‘super peso’ puts squeeze on US remittances
Argentina won’t use ‘one dollar’ of reserves to repay IMF, says Massa
Chinese Firms Are Seeking Korean Partners to Skirt US EV Rules
Some five tieups in the battery sector have happened so far
Firms hope to take advantage of Korea-US free-trade agreement
https://news.yahoo.com/elon-musk-unmatched-power-stars-171836315.html
New York Times Elon Musk’s Unmatched Power in the Stars
https://www.reuters.com/markets/deals/uk-regulator-aims-decision-microsoft-activision-deal-by-aug-29-2023-07-31/#:~:text=LONDON%2C%20July%2031%20(Reuters),final%20decision%20by%20Aug.%2029.
UK regulator seeks public input on Microsoft-Activision deal
China Stops Short of Direct Consumer Support to Spur Economy
New NDRC document outlines measures targeted at supply side
Beijing’s latest signals of support spur investor optimism
China demands US invite Hong Kong leader to economic meeting, adding to strains over crackdown
U.S. lawmakers urge Biden administration to tighten AI chip export rules reuters
China’s Push to Expand BRICS Membership Falters
India and Brazil oppose expanding membership of bloc
Potential new members include Indonesia and Saudi Arabia
Auction sizes set to increase at US Treasury refunding
Commerce Secretary Warns of Semiconductor Glut Due to China’s Subsidies
Commerce secretary says action needed to counter Chinese chips
Export controls, domestic incentives should alleviate glut
Mexico working with U.S. on refugee plan for migrants in southern Mexico
China state banks sell US dollars to prop up yuan
https://apnews.com/article/russia-africa-food-grain-wagner-ukraine-6bc25ced94ba314dde125585600e6728
Russia wants allies, so it’s hosting an Africa summit. Food security and Wagner group top the agenda
Deep Recession to Force Full Percentage-Point Fed Cut, DoubleLine Warns
Sherman says loan market, not high yield, will lead defaults
As Japan aligns with U.S. chip curbs on China, some in Tokyo feel uneasy
AP China removes its outspoken foreign minister during a bumpy time in relations with the US
https://www.barrons.com/articles/west-china-zambia-debt-deal-df85a5c4
The West and China Can Get Along. Look at What’s Happening in Zambia.
Wall Street Is Bracing for a Fresh Deluge of Treasury Bills
China urges Japan not to disrupt chip industry after technology curbs take effect
UPDATE 1-AI industry leaders create forum to build powerful tech safely
15 States with the Highest Percentage of Illegal Immigrants
https://www.wsj.com/articles/bidens-made-in-america-pledge-collides-with-his-climate-goals-b0a236a5
Biden’s ‘Made in America’ Pledge Collides With His Climate Goals
Companies, lawmakers are trying to influence how the government gives out billions in subsidies
https://www.reuters.com/business/media-telecom/portugal-wont-compensate-telcos-replacing-high-risk-equipment-2023-07-26/#:~:text=LISBON%2C%20July%2026%20(Reuters),a%20top%20official%20told%20Reuters.
Portugal won’t compensate telcos for replacing “high-risk” equipment
https://www.reuters.com/world/americas/canadas-immigration-creates-mirage-economic-prosperity-economists-2023-07-26/#:~:text=OTTAWA%2C%20July%2026%20(Reuters),an%20overheating%20economy%2C%20economists%20say.
Canada’s immigration creates ‘mirage’ of economic prosperity – economists
https://www.wsj.com/articles/china-youth-unemployment-xi-jobs-522028c5
How Bad Is China’s Economy? Millions of Young People Are Unemployed and Disillusioned
Nation needs workers, but college graduates shun low-skill work; many opt out of job market, ‘lying flat’
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