These Seven Allies Concocted A 'Hormuz Coalition' Statement To Placate Trump, Which Failed

Japan Intervened In FX Market To Buy Yen With Brent surging to a new post war high overnight, rising as high as $125 on fear of an imminent resumption of hostilities in Iran, which dragged yields higher, and also pushed the USDJPY above 160 for the first time since late March, overnight Japan made clear - again - it wouldn't take it any more, with the usual round of jawboning. *KATAYAMA: WE ARE MONITORING FX MARKET WHILE YOU ARE ON HOLIDAY *KATAYAMA: WE ARE NEARING TIMING TO TAKE BOLD ACTION ON FX Then *MIMURA:...

After Orbán Loss, Polish MEP Warns EU Set To "Subjugate Everything And Everyone" As VDL Moves Quickly To Abolish Veto Power Via Remix News, On the back of Péter Magyar’s victory in Hungary, European Commission President Ursula von der Leyen says the EU needs to work on getting rid of member states’ veto powers. For many who backed Viktor Orbán, one of their greatest fears was exactly what von der Leyen is now advancing: an unconstrained EU able to take action on foreign policy, health, and migration without the threat of...

Berlin Targets Entrepreneurs: Apprenticeships, Punishment, And Social Decay Submitted by Thomas Kolbe The German capital is hardly a hospitable place for entrepreneurs or founders. Ambitious individuals who aim to build a career outside the state subsidy system and establish their own livelihoods encounter, in this strangest of European capitals, an atmosphere of contempt and hostility. Berlin politics, regardless of who is currently in power, fosters a culture of societal division. Parties spare no effort in masking the jointly caused economic and social distortions in the city with an endless media spectacle. Unemployment rises—naturally,...