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Iran Arrests Dozens In Starlink Black Market Network
Iran Arrests Dozens In Starlink Black Market Network
Bloomberg cites Iran's ISNA news agency, which says local authorities have arrested dozens of people for selling SpaceX Starlink terminals across 19 provinces.
These satellite internet terminals have become popular among opposition and activist networks operating in the country amid an ongoing nationwide internet blackout during the U.S.-Iran conflict.
Sardar Ahmad-Reza Radan, commander-in-chief of the Iranian police, was quoted by the outlet as saying, "From the beginning of the Ramadan War, 48 key members of networks, cells, anti-revolutionary groups, and espionage rings were arrested, and 139...
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Mar 16, 2026 / Tyler Durden
BYD Shares Soar Most In 13 Months As Chinese EV Push Into Americas Accelerates
BYD Shares Soar Most In 13 Months As Chinese EV Push Into Americas Accelerates
Shares of Chinese EV maker BYD surged the most in 13 months after a report that its factory in Bahia, Brazil, a former Ford Motor plant, secured export orders for about 100,000 vehicles from Argentina and Mexico. This development suggests BYD's strategy to localize production in South America is still in its early stages and set to flood the continent with Chinese EVs.
Bloomberg quoted Macquarie Capital analyst Eugene Hsiao, who said the local Chinese media...
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Aug 28, 2026 / Tyler Durden
First Secondary Sanctions Applied: US Blocks Egyptian Bank From Accessing Dollars Over 'Iran Ties'
First Secondary Sanctions Applied: US Blocks Egyptian Bank From Accessing Dollars Over 'Iran Ties'
The US Treasury Department on Friday unveiled its first 'secondary' Iran sanctions related to Trump's 'Economic D-Day' against Iran, on Friday naming an Egyptian bank in the UAE.
Ironically both of these latter countries are close American allies, and this comes at a moment the White House has failed to confirm whether the US will actually go after China for the same trade violations.
Via britannica.com
The UAE branches of Egypt's Banque Misr are being newly sanctioned over their...
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Jun 12, 2026 / Tyler Durden
Banks Curb FOMO-Chasing Levered Bets On Korean Tech Firms
Banks Curb FOMO-Chasing Levered Bets On Korean Tech Firms
SK Hynix has been THE poster-child for 'Vol Up, Spot Up' FOMO-chasing over the past few months of exuberant semi-shortage panic-buying...
And volumes in levered Semi trades has been astronomical...
With SK Hynix standing out among the most-levered bets...
Driven by massive speculative momentum (margin loans at record highs)...
...which faced huge forced liquidations amid the recent volatility...
So it really should not be a surprise that Bloomberg reports that global banks are curbing hedge funds’ leveraged bets on Asia’s top chipmakers including SK Hynix and Samsung.
According...
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