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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…
Elon Musk Says the Optimus, Tesla’s Human-Like Robot, Will Premiere on September 30 Amid Investor Hesitancy
Engineers are racing to unveil Tesla’s latest big promise under a tight deadline: a dynamic, human-like robot. Tesla engineers are facing a deadline to unveil Optimus to the world, and the company is planning to put more of its resources into robotics, according to Reuters. Tesla CEO Elon Musk first introduced the concept of Optimus,…
New US sanctions target people and companies in Turkey, Georgia and Russia
The US has announced a raft of new sanctions aimed at people and companies in countries, notably NATO member Turkey, that sell Western technology to Russia that could be used to bolster its war effort. The US is slapping sanctions on more than 150 businesses and people from Russia to Turkey, the United Arab Emirates…
WHO warns lab seized in Sudan now at ‘high risk of biological hazard’
Officials say they don’t know who is behind the occupation of the National Public Health Laboratory. The World Health Organization is warning about a “high risk of biological hazard” at a Sudan laboratory of which one of the warring factions in the country has taken control. However, officials don’t know exactly who’s behind the occupation…
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Israeli military says it killed 90 gunmen at Gaza’s Al Shifa hospital
JERUSALEM/CAIRO, March 20 (Reuters) – Israel’s military said on Wednesday it had killed around 90 gunmen and arrested 160 in a raid on Gaza’s Al Shifa hospital, an allegation the Islamist Hamas group denied. Al Shifa, the Gaza Strip’s biggest hospital before the war, is now one of the few healthcare facilities even partially operational…
Weekly Update by Mark Armstrong – June 6, 2025
Greetings from Tyler, Donald Trump and Elon Musk have been at each other’s throats for about two days. If you’d have told us last week that we’d be in the middle of a terrible fight this week, I wonder who’d have believed it. Suddenly there are all kinds of questions. Personally, I think they ought to bury the…
