Billionaire Ray Dalio Warns US and China on Brink of War, Beyond Ability to Talk — US-China Trade Could Collapse
Bridgewater Associates founder Ray Dalio has warned that the U.S. and China are “on the brink of war” and “are beyond the ability to talk.” The billionaire added that their relations “are getting so bad” that U.S.-China trade could collapse. He cautioned that the next 18 months “will be a very risky period.” U.S. and China on the Brink of War, Says Dalio Ray Dalio, the founder of the world’s largest asset manager, Bridgewater...
University Websites Are Being Flooded with Online Piracy Scams
At the turn of the century, online piracy hubs began to surface at universities around the world. Seemingly unlimited broadband connections and the presence of many tech-savvy students provided an ideal breeding ground for the rapid expanision of the file-sharing craze. Napster and Limewire played a major role in this growth, as well as DC++ and i2hub, which typically relied on closed networks. Students exchanged hub/server addresses...
DOJ Detected SolarWinds Breach Months Before Public Disclosure
In May 2020, the US Department of Justice noticed Russian hackers in its network but did not realize the significance of what it had found for six months. Powered by WPeMatico
Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts
A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to bank accounts abroad. Demand for Dollar, Euro Accounts Expected to Drop Further, Requests for Yuan Deposits Surge in Russia Fewer Russians want to open local bank accounts in major Western...
Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves
The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar reserves, involves the disbursement of more than $1 billion in April. Argentina to Settle Bilateral Transactions With China in Chinese Yuan Argentina, one of the big three economies in Latin...
