Seven Pipeline Projects That Could Break Iran's Grip On Hormuz Chokepoint

President Xi Urges BRICS To Stand On "Right Side Of History", Calls For Gulf Peace At the 18th BRICS Summit earlier today, held at the Bharat Mandapam convention center in New Delhi, India, Chinese President Xi Jinping urged member nations to help end the war in the Middle East, positioning the bloc as a force for global stability. Speaking Saturday at the BRICS summit, Xi said members should stand on the "right side of history" and take a leading role in promoting peace, according to China's state-run Xinhua news agency. President Xi...

US Manufacturing Survey Strongest Since May 2022 On AI Spend, Prices Paid Spike Following the explosive growth signaled by S&P Global's PMI data last week, this week we get a final look for September's Manufacturing surveys and fresh data from ISM. S&P Global's final September read for US Manufacturing dipped from the preliminary level but remains at its strongest since May 2022. ISM's September survey of US Manufacturers also dipped at the headline level (54.5 vs 55.0 exp), but remains near multi-year highs. “September has seen the pace of US manufacturing growth pick...

Brazil Proposes National Bitcoin Reserve, Targets 1 Million BTC Over Five Years Authored by Micah Zimmerman via BitcoinMagazine.com, Brazilian lawmakers have reintroduced a bill to create a national Strategic Sovereign Bitcoin Reserve, known as RESBit, proposing the gradual acquisition of one million bitcoins over five years.  The bill, presented by Federal Deputy Luiz Gastão (PSD/CE), outlines a comprehensive framework to integrate Bitcoin into the country’s financial strategy and diversify national reserves. The proposed legislation establishes several guidelines for RESBit. First, the plan calls for a gradual accumulation of at least 1,000,000 BTC over five years. It prohibits the...