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Weekly Update by Mark Armstrong – November 25, 2022
Greetings from Tyler, Have you seen the flooding in Saudi Arabia? According to reports the king called upon the population to pray to allah to end the dry spell. It ended with cars washing down streets in freak flash flooding. It’s being called a flood of biblical proportions. You’ll have to come up with your…
Breaking News | Israel | NewsLebanon front with Israel heats up, stoking fears of wider war
BEIRUT/JERUSALEM, Nov 13 (Reuters) – Weeks of hostilities across the Lebanese-Israeli border have escalated, with growing casualties on both sides and a war of words fuelling concerns of a widening conflict between Israel and the Iran-backed Lebanese group Hezbollah. Israeli strikes killed two people in south Lebanon on Monday, according to a first-responder organisation affiliated to…
US dollar-yuan divergence trade could spin out of control without intervention from China soon
US dollar-yuan divergence trade could spin out of control without intervention from China soon The US dollar-China yuan currency divergence trade is in full flow. Unless Beijing gets a grip on the exchange rate soon, the yuan could hit 15-year lows very soon. It’s a dilemma for the government as a weaker yuan might be…
Yemen’s Houthis attack Saudi tankers in the Red Sea, threatening to widen Iran war
CAIRO (AP) — Yemen’s Iran-backed Houthi rebels said they attacked two Saudi oil tankers in the Red Sea on Thursday, potentially widening the Iran war as international oil topped $100 a barrel. The Houthis have threatened to shut down another key trade route, with the world economy already reeling from Iran’s closure of the Strait…
IDF Rescues 2 Israeli Hostages in Rafah — After Biden Warned Israel Not to Go There
The Israel Defense Forces (IDF) rescued two Israeli hostages on Sunday in the town of Rafah, in the southern Gaza Strip, bringing elation to Israel and hope for the rescue of more hostages. In a joint statement, the IDF, Israel Security Agency (ISA), and Israel Police said: It was cleared for publication that during a…
G-7 agrees to exclude U.S. companies from 15% minimum tax
June 29 (UPI) — Group of Seven nations agreed to exempt U.S. companies from a 15% minimum corporate tax rate, the countries said in a joint statement. The nonbinding deal was announced Saturday but still requires approval from the 38-member Organization for Economic Co-operation and Development that established the 2021 agreement on taxing companies. G-7…


