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China’s Lithium Producers See Profits Collapse as EV Demand Craters
Chinese lithium giants Ganfeng and Tianqi warned investors on Tuesday that their profits are plunging by up to 80 percent as the demand for electric vehicle (EV) batteries weakened, producing a glut of lithium that drove prices down. Ganfeng posted a note to the Hong Kong stock market that said net profits declined by up…
Chinese spies hacked Dutch defence network last year – intelligence agencies
THE HAGUE, Netherlands, Feb 6 (Reuters) – Chinese state-backed cyber spies gained access to a Dutch military network last year, Dutch intelligence agencies said on Tuesday, calling it part of a trend of Chinese political espionage against the Netherlands and its allies. It is the first time the Netherlands has publicly attributed cyber espionage to…
TikTok, ByteDance sue to block US law seeking sale or ban of app
WASHINGTON (Reuters) -TikTok and its Chinese parent company ByteDance sued in U.S. federal court on Tuesday seeking to block a law signed by President Joe Biden that would force the divestiture of the short video app used by 170 million Americans or ban its use. The companies filed their lawsuit in the U.S. Court of…
Mali Starts Executing Order to Seize Gold Stocks at Barrick Mine
(Bloomberg) — Mali’s military junta started executing an interim order to seize gold at a mine run by Barrick Gold Corp., escalating a dispute over the West African government’s share of revenues from the project. The authorities started executing the order on Jan. 11 against gold stockpiled at the Loulo-Gounkoto operations, according to a Barrick…
US soldier held by North Korea after crossing border
North Korea is reported to have detained a serving US army soldier who crossed the heavily fortified border from South Korea without permission. The man was on an organised tour of the UN-run zone dividing the two countries. The crisis comes during a particularly tense time with the North, one of the world’s most isolated…
Weekly Update by Mark Armstrong – April 28, 2023
Greetings from Tyler, Iran seized an oil tanker, fully loaded and bound for Texas. That’s when a helicopter dropped a bunch of commandos and steered the ship back toward Iran. They claim that there was a collision with another ship. Meanwhile, things are getting crazy in Iran. Somebody walked up and shot an important Iranian…
