Fear Of The Second Wave

It Begins: Iranian Drone Strikes Bahrain Desalination Plant As Worst-Case Scenario Unfolds Update (Sunday):  From data centers in the Gulf area to water desalination plants, the worst-case scenario is now unfolding in the Middle East conflict, with no boundaries regarding civilian infrastructure. We warned earlier last week, after correctly predicting that data centers would be targeted, that water desalination plants would be next (see the previous update).  Al Jazeera reports that after Iranian Foreign Minister Seyed Abbas Araghchi claimed the US targeted a water desalination plant in Iran, an IRGC kamikaze drone then...

France Approves Record Number Of Asylum Applications In 2025, Up 12% YoY Via Remix News, The latest data released by the National Court of Asylum reveals a historic statistical milestone: asylum grants in France have reached an unprecedented peak. In 2025, a record 78,782 individuals were granted asylum, marking a 12 percent increase over the previous year. The recognition rate has also climbed to an all-time high of 52.1 percent – or 47.1 percent when excluding unaccompanied minors. The initial stage of the asylum process is managed by the French Office for the Protection...

Bank of Canada Keeps Rates On Hold As It "Looks Through War's Immediate Impact On Inflation" As expected, the Bank of Canada - which was the day's first G5 central bank to hit the tape ahead of the Fed's decision at 2pm ET - held interest rates unchanged at 2.25% as expected, saying adjustments to borrowing costs would likely be small if the economy and inflation evolve as expected, while stating that it is looking through the war's immediate impact on inflation but will not let higher energy prices become persistent...