First Secondary Sanctions Applied: US Blocks Egyptian Bank From Accessing Dollars Over 'Iran Ties'

From Momentum To Mayhem: Korean 'Plunge Protectors' Meet As Leverage Unwind Sparks Chaos 'Leverage goes both ways...' That is a lesson that many are learning in a painful manner as the army that enjoyed the momentum escalator ride up are now decrying the elevator plunge lower... and the poster-child for this pain is Korea. Following anxiety over new Chinese competition, and disappointing earnings from SK Hynix overnight, Korea's stock market has plunged 44% from its record highs in June (but remains up 27% YTD still)... Triggering yet another circuit-breaker... You didn’t pray hard enough The...

Burnham Blows Up Britain's Tech Ministry, Mails The Bureaucrats To The Culture Department, And Keeps AI For Himself While Westminster was still digesting the BritCard cancellation, Andy Burnham also abolished the department that was supposed to build it. Jeff J Mitchell / Getty Images The Department for Science, Innovation and Technology is gone, its functions split three ways across Whitehall, and AI policy has landed in the prime minister's own office. Ten days on, the civil servants who build and run the government's digital services are still working out which building they...

Brasília Makes Friends With Beijing Authored by Jake Scott via FEE, On a Sunday night in late July, Brazil's Luiz Inácio Lula da Silva and China's Xi Jinping spoke for more than an hour. It was cordial and faintly triumphant, with the two governments announcing their intention to accelerate a long-stalled China-Mercosur trade agreement. Alongside this, there are plans to deepen cooperation on satellites and critical-minerals processing, and waive short-stay visa requirements. Image Credit: Custom image by FEE This marks a serious change for Brazil. For years, it was Brasília that had...