Author: Anthony Persuader
Financial Journalist with global coverage.
Huawei Unveils New AI Chip to Rival Industry Leaders Huawei Technologies Co on Thursday announced the launch of what it calls the world’s most powerful AI computing clusters—SuperNode and SuperCluster—marking its latest breakthrough in high-performance computing despite ongoing US sanctions. Speaking at an event in Shanghai, Huawei’s rotating chairman, Xu Zhijun, said: “Computing power has been and will continue to be the key to artificial intelligence—especially for China’s AI development.” .He reiterated that Huawei’s goal is to sustainably meet long-term computing demand by building SuperPoDs and SuperClusters with the semiconductor manufacturing process nodes that are practically available to the Chinese…
Epstein Report- Trump to File $15bn Lawsuit Against New York Times U.S. President Donald Trump said he is filing a 15 billion dollars defamation lawsuit against the New York Times. The president accused the newspaper of serving as a “virtual’mouthpiece’ for the Radical Left Democrat Party.” “The ‘Times’ has engaged in a decades long method of lying about your Favorite President (ME!), my family, business, the America First Movement, MAGA, and our Nation as a whole,” he said on his Truth Social platform. He also criticised the paper’s editorial board for endorsing his Democratic rival, Kamala Harris, during the presidential…
British Pound Trades Calm at $1.3520 Ahead UK GDP Data The British pound sits calmly at $1.3520 on Thursday morning ahead of U.S. gross domestic product (GDP) data on Friday. The updated FX market across trading platforms showed that the GBPUSD pair is steady as the forex market anticipates FX volatility to persist amidst economic uncertainties. The pound remains calm versus key trading partners during early European hours on Thursday, as investors exercised caution ahead of the release of UK GDP data on Friday. Sterling slipped by 0.1% to $1.3508 against the greenback as markets reacted to the U.S. producer…
10-Year U.S Treasury Yield Falls to 4.04% The 10-year US Treasury note yield dropped to 4.04% on Wednesday, the lowest level seen in the last five months, on softer inflation and strong demand in the last auction. Both headline and core producer prices in the US unexpectedly dropped in August, raising hopes of disinflation for consumers. Concerns of stubborn inflation in the US drove the FOMC to hold interest rates unchanged through the year despite growing evidence of a deteriorating labor market. The central bank is due to restart its cutting cycle next week with a 25bps cut, although the…
Euro Hovers at $1.17 Ahead of ECB Meeting The euro steadied against the US dollar at $1.17 on Wednesday as investors looked to Thursday’s European Central Bank meeting and upcoming US inflation figures for guidance on monetary policy. The euro trades flat against the dollar, barely reacting to the appointment of Sebastien Lecornu as France’s new prime minister. He replaces Francois Bayrou, who was ousted in a confidence vote over his budget plans Monday. The dollar continues to drive the euro-dollar exchange rate, Commerzbank’s Antje Praefcke says in a note. The government’s collapse was also widely expected. ECB officials are…
EU Freezes Aid to Israel, Plans Sanctions over Gaza The European Commission (EU) is suspending all payments to Israel over the country’s conduct in the Gaza Strip, Commission President Ursula von der Leyen announced on Wednesday. “We will put our bilateral support to Israel on hold. “We will stop all payments in these areas without affecting our work with civil society or Yad Vashem,” von der Leyen said in a speech to the European Parliament in Strasbourg. She also proposed sanctions on “extremist ministers and violent settlers,” adding that “man-made famine can never be a weapon of war.” Calling the…
U.S. Sanctions Southeast Asian Scams Network as Americans Lose $10bn The U.S Treasury’s Office of Foreign Assets Control (OFAC) said it has implemented sanctions against large network of scam centers across Southeast Asia that steal billions of dollars from Americans using forced labor and violence. An official note said the action includes nine targets operating in Shwe Kokko, Burma, a notorious hub for virtual currency investment scams under the protection of the OFAC-designated Karen National Army (KNA), as well as ten targets based in Cambodia. “Southeast Asia’s cyber scam industry not only threatens the well-being and financial security of Americans,…
South Africa Becomes UAE’s 2nd-Largest Non-Oil Trade Partner in Africa Thani bin Ahmed Al Zeyoudi, the UAE Minister of Foreign Trade, met with representatives of the South African Business Council in the UAE to review opportunities to expand trade, investment, and private sector collaboration between the two countries. Emirates News Agency (WAM), a partner of TV BRICS, reports that discussions noted that the UAE’s non-oil trade with South Africa reached 8.5 billion dollars in 2024, representing a 14 per cent increase compared to 2023 and a 120 per cent rise since 2019. In the first half of 2025, non-oil trade…
Ethereum Price to Explode as ETH Exchange Swings The price of ETH, the native token of Ethereum, is expected to explode as the token’s Exchange Flux Balance turns negative, signalling long-term investors’ confidence in Ethereum as they increase their holdings. According to Joao Wedson, Founder & CEO of Alphractal, an advanced platform for investment data analysis, this is the first time in Ethereum’s history that the Exchange Flux Balance has turned negative. Joao Wedson noted that the Exchange Flux Balance tracks the cumulative netflow of an asset across all exchanges over time, summing up daily inflows and outflows. Notably, a…
U.S. SEC Reviews Framework for Quantum-Proof Digital Assets The U.S. Securities and Exchange Commission (SEC) is currently reviewing a proposed framework titled “Post-Quantum Financial Infrastructure Framework” (PQFIF) for the quantum-safe transition of the U.S. digital asset ecosystem, and the world generally. The roadmap which was written by Daniel Bruno Corvelo Costa and submitted to the SEC’s Crypto Assets Task Force is aimed at securing digital assets against the looming quantum-powered attacks Notably, the proposed framework lays out a detailed technical and strategic blueprint for transitioning the cryptographic foundations of assets like Bitcoin and Ethereum to quantum-resistant standards. Furthermore, the paper…