Inflation News & Economic Analysis

NAND flash memory chips on a wafer as Biwin signs a 1.86 billion dollar supply deal larger than its annual revenue

A Chinese Memory Maker Just Signed a $1.86 Billion Supply Deal That’s Bigger Than Its Annual Revenue, in the Plainest Sign Yet That the Chip Crunch Is Back

Biwin Storage Technology, the Shanghai-listed Chinese memory module maker, has signed a $1.86 billion two-year contract to lock in enterprise-grade flash memory chip supply through 2028, a number that exceeds the company's

June 13, 2026

Business·Entertainment·Movies·News

Offshore oil and gas extraction facility as Chevron prepares to cut up to 8000 jobs after the Hess acquisition

Chevron Plans to Cut 8,000 Jobs and 20 Percent of Its Workforce After Swallowing Hess, the Biggest Headcount Reduction in the Company’s History

Chevron, fresh off the $53 billion acquisition of Hess Corporation, plans to cut 15 to 20 percent of its global workforce, or up to 8,000 jobs, by the end of 2026, including

June 13, 2026

Business·Entertainment·Movies·News

Tech workers as AI restructuring drives layoffs across enterprise software firms including Amdocs Meta and Microsoft

Amdocs Will Cut 3,000 Jobs in Its New CEO’s First Big Move, and Calls It an AI Restructuring While Its Own Revenue Keeps Beating

Amdocs, the Nasdaq-listed Israeli-American enterprise software vendor that runs the customer billing systems for AT&T, Vodafone, Comcast and most of the world's other large telcos, is preparing to cut 3,000 jobs, around

June 13, 2026

Business·Entertainment·Movies·News

Yuan and rupiah banknotes as Hong Kong, Indonesia and the People's Bank of China sign a direct currency settlement MoU

Hong Kong, Indonesia and the People’s Bank of China Just Skipped the Dollar With a Direct Yuan-Rupiah Settlement Pact

The Hong Kong Monetary Authority, Bank Indonesia and the People's Bank of China signed a three-way memorandum in Shanghai on Wednesday to settle cross-border trade and investment between the two economies directly

June 13, 2026

Business·Entertainment·Movies·News

Elon Musk as Canada finds Grok and xAI in violation of privacy law over sexualized deepfakes

Canada Finds Elon Musk’s Grok in Violation of Privacy Law After 3 Million Sexualized Deepfakes Including 23,000 Images of Children

Canada's Privacy Commissioner Philippe Dufresne ruled that X Corp and xAI launched Grok Imagine without a privacy impact assessment and violated PIPEDA after the tool generated nearly three million sexualized deepfakes including

June 13, 2026

Business·Entertainment·Movies·News

Hong Kong Central financial district skyline as the government gazettes zero percent tax on fund manager performance bonuses

Hong Kong Just Gazetted a Zero Percent Tax on Fund Manager Carry, Aiming Straight at Singapore’s Wealth-Hub Crown

Hong Kong's government gazetted the Inland Revenue (Amendment) Bill on Friday, proposing a zero salary tax on performance-linked bonuses for qualifying fund managers and a sweeter regime for family offices and private

June 13, 2026

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CITIC Securities Hong Kong headquarters as Fitch hands the brokerage the first A-class rating in Chinese capital markets history

Fitch Hands CITIC Securities the First A-Class Credit Rating Ever Given to a Chinese Brokerage, Cracking a Ceiling That Stood for Two Decades

Fitch Ratings on Tuesday assigned an A-minus long-term issuer default rating to CITIC Securities and its Hong Kong subsidiary, breaking a sector ceiling that had locked every Chinese brokerage in the BBB

June 13, 2026

Business·Entertainment·Movies·News

Chinese commercial space rocket launching as LandSpace and peers file IPOs on Shanghai STAR market and Hong Kong exchange

China’s Private Space Companies Are Sprinting Toward IPOs Behind SpaceX, and Shanghai’s STAR Market Has Quietly Opened the Door

LandSpace, Galactic Energy, CAS Space, Space Pioneer, i-Space and a half-dozen other Chinese commercial aerospace startups are filing simultaneous IPO applications on Shanghai's STAR market and the Hong Kong stock exchange. The

June 13, 2026

Business·Entertainment·Movies·News

South Korea Hands Coupang a Record $409 Million Data Privacy Fine, Five Times Bigger Than Anything the Country Has Levied Before

South Korea's privacy regulator slapped Coupang with a 624.7 billion won fine, roughly $409 million, for a breach that exposed personal data of 37.5 million customers including phone numbers and addresses. The

June 13, 2026

Business·Entertainment·Movies·News

Oil tanker transits the Strait of Hormuz as the US-Israel war on Iran disrupts global energy supply chains

World Bank Slashes 2026 Global Growth Forecast to 2.5 Percent, the Worst Reading Since the COVID Year, and Says Plainly Who Caused It

The World Bank lowered its 2026 global growth projection to 2.5 percent, down from 2.9 percent in 2025 and the lowest since the pandemic year, citing the energy-price shock and supply-chain damage

June 13, 2026

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Inflation- Page 53

A Chinese Memory Maker Just Signed a $1.86 Billion Supply Deal That’s Bigger Than Its Annual Revenue, in the Plainest Sign Yet That the Chip Crunch Is Back

Chevron Plans to Cut 8,000 Jobs and 20 Percent of Its Workforce After Swallowing Hess, the Biggest Headcount Reduction in the Company’s History

Amdocs Will Cut 3,000 Jobs in Its New CEO’s First Big Move, and Calls It an AI Restructuring While Its Own Revenue Keeps Beating

Hong Kong, Indonesia and the People’s Bank of China Just Skipped the Dollar With a Direct Yuan-Rupiah Settlement Pact

Canada Finds Elon Musk’s Grok in Violation of Privacy Law After 3 Million Sexualized Deepfakes Including 23,000 Images of Children

Hong Kong Just Gazetted a Zero Percent Tax on Fund Manager Carry, Aiming Straight at Singapore’s Wealth-Hub Crown

Fitch Hands CITIC Securities the First A-Class Credit Rating Ever Given to a Chinese Brokerage, Cracking a Ceiling That Stood for Two Decades

China’s Private Space Companies Are Sprinting Toward IPOs Behind SpaceX, and Shanghai’s STAR Market Has Quietly Opened the Door

South Korea Hands Coupang a Record $409 Million Data Privacy Fine, Five Times Bigger Than Anything the Country Has Levied Before

World Bank Slashes 2026 Global Growth Forecast to 2.5 Percent, the Worst Reading Since the COVID Year, and Says Plainly Who Caused It

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

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Inflation- Page 53

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