Sentiment among German companies has deteriorated further at the beginning of the year. The ifo Business Climate Index fell to 85.2 points in January, down from 86.3 points in December. Companies assessed their current situation as worse. Their expectations for the months ahead were also once again more pessimistic. The German economy is stuck in recession.
Geopolitics
Yuval Abraham: ‘Lavender’: The AI machine directing Israel’s bombing spree in Gaza
The Israeli army has marked tens of thousands of Gazans as suspects for assassination, using an AI targeting system with little human oversight and a permissive policy for casualties, +972 and Local Call reveal. Read […]
Economics
South China Morning Post: China-Russia gas deal in yuan, roubles underscores efforts to reduce US dollar hegemony
China will begin paying Gazprom half in roubles and half in yuan for Russian gas supplies, the company announced Analysts say the deal affirms a longer-term ambition for Russia and China in diversifying cross-border payments […]
Economics
Common Space: John McDonnell’s Ownership Fund, The Meidner Plan and the gradual transition to socialism
This is an interesting piece, especially providing a good insight in the Meidner Plan (if you do not know it, it alone is worth the read) and the Swedish economy . Read here
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