Geopolitics
What happened? On June 1, Ukraine launched its most ambitious drone attack of the war: "Operation Spiderweb" involved smuggling 117 drones into Russia and striking four strategic bomber bases, including in Siberia. The operation appears to have destroyed or damaged at least 41 long-range aircrafts, causing approximately $7
Markets
What happened? China's leading electric vehicle manufacturer, BYD, has slashed the prices of 22 electric and hybrid models by up to 34%. This includes the entry-level Seagull EV, which now costs just $7,780, almost 50% less than similar models offered by Western competitors. This move poses a
Geopolitics
What happened? Despite ongoing diplomatic efforts, including a 30-day ceasefire proposed by the U.S. and accepted by Ukraine, Putin escalated the war by launching the largest aerial assault yet. On May 26, Russia set a new record by deploying 439 drones and missiles to attack Ukrainian cities. Russia is
Geopolitics
What happened? Zelenskyy announced his readiness to meet Putin in Ankara on Thursday for direct peace talks. However, the Kremlin has yet to confirm Putin's attendance, casting doubt on Russia's commitment to the negotiations. Why does this matter? * Military Escalation: Ukrainian intelligence reports indicate that Russia
Geopolitics
What happened? The House passed a bill to extend Trump’s 2017 corporate tax cuts after lengthy negotiations delayed by fiscal conservatives. The tax relief, worth $4.5trillion over 10 years, is half funded by deficits and half by spending cuts, including $1.1 trillion slashed from Medicaid and food