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The Latest Breaking News from Eswar Prasad

Trump’s meme coin sparks more than 700 copycats posing as official crypto

Army of digital imposters uses names associated with president’s family in apparent bid to deceive investors

The Guardian - US

Why Trump tariffs will be ‘very bad for America and for the world’

If enacted tariffs will increase inflation, slow economic growth, and result in US consumers footing the bill

The Guardian - US

‘Trump’s grifting tendencies’: how the president’s crypto ties could spur corruption

With Trump promising the US will be ‘crypto capital of the planet’, experts say the industry is poised for laxer oversight

The Guardian - US

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Donald Trump is about to relaunch his trade war with China—and create even more corporate upheaval in the process

During his first term, Trump's tariffs caused U.S. firms to flee China. Now comes Round 2, which will create new winners and losers.

Fortune

Trump tariffs could leave the U.S. as the relative winner among global economies, Ivy League professor says

“No matter the virtues of these policies, they could end up hurting other countries a lot more than they hurt American consumers, making the United States look like a winner.”

Fortune

Trump Vows To Defend US Dollar Hegemony, But Is It Under Threat?

President-elect Donald Trump has threatened retaliation against governments that challenge the US dollar, vowing "100 percent tariffs" on countries that undercut the US currency.

International Business Times

Trump’s tariff threat sets stage for bitter global trade war

Trump intends to hit Canada, Mexico and China with tariffs, which experts say will risk retaliation and a damaging economic war

The Guardian - US

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2024 will be Asia’s time to shine–but a series of pivotal elections could change everything

Taiwan, Indonesia, India: Here are the key Asian elections to watch in 2024.

Fortune

A fragile global economy is at stake as US and China seek to cool tensions at APEC summit

The United States and China are the two global economic heavyweights

The Independent UK

China's Gen Z graduates fear they have 'blank paper' diplomas as youth unemployment hits a record 20% and the economy chokes on anemic growth

Millions of fresh college graduates and early career professionals in China face daunting prospects amid a cooling economy.

Fortune

Ron DeSantis proposed a bill to ban CBDCs. A trade policy professor calls that 'a little ludicrous'

With his eyes on the 2024 presidential election, the Florida governor's proposal "is largely a political gesture."

Fortune

Near 'cliff's edge,' Credit Suisse not seen as systemic risk

Longtime troubles at Credit Suisse have come to a head this week with a record stock plunge that spread fears of a banking crisis jumping from the U.S. to Europe

The Independent UK

FTX made a cryptocurrency that brought in millions. Then it brought down the company

The now-bankrupt cryptocurrency exchange FTX made real money off of its own digital currency, called FTT. That currency is practically worthless now, but investors continue to trade it.

WEKU

Inflation Keeps U.S. From Stepping In to Slow Dollar's Rapid Rise

U.S. policy makers aren't likely to take action to slow the dollar's rapid rise despite rising risks of global financial turmoil, analysts say, largely because a strong greenback helps fight domestic inflation.

Bangkok Post

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Asharq Al-Awsat

Ethereum Crypto Overhaul Targets Environmental Impact

The world's second biggest cryptocurrency after bitcoin, Ethereum, will soon overhaul its blockchain technology to curb the network's much-criticized environmental impact. Ethereum, whose digital unit ether tumbled in a crypto crash earlier this year, will in September undergo a major technical revolution, AFP said. So what is the backdrop for…

WEKU

Why cryptocurrencies have gone from the next hot thing to a full-on meltdown

Bitcoin and other cryptocurrencies are plunging. Here's what to know about a market that just a few months ago was being touted as the future of finance.

Financial Times

Financial warfare: will there be a backlash against the dollar?

The sanctions freezing Russia’s foreign currency reserves have created an incentive for countries to bypass the US currency

The Independent UK

EXPLAINER: What would paying for natural gas in rubles mean?

Russia is demanding payment in rubles for its natural gas exports to Europe

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The Independent UK

EXPLAINER: What would paying for natural gas in rubles mean?

Russia is demanding payment in rubles for its natural gas exports to Europe

The Independent UK

Putin wants 'unfriendly countries' to pay rubles for gas

President Vladimir Putin announced that Russia will demand that “unfriendly″ countries pay for Russian natural gas exports only in rubles from now on

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