Author: 5amResearch

My latest Deeper Dive dug into China’s failing commercial real-estate market, as well as other global commercial real-estate markets that are collapsing, laying out the corporate zombie apocalypse that is building particularly in office real estate, but also still deepening in retail real estate. It’s happening all over the world: Unprofitable companies that survived only because of cheap credit (zombies) — and even some profitable ones — are toppling as credit costs rise. The headlines supporting my summary analysis this weekend can…

Emails from the Biden laptop shed light on Burisma’s opening of a Maltese bank account for Hunter Biden in the spring of 2016. This newly discovered development coincides with the allegations made by an FBI source, suggesting that Mykola Zlochevsky, the founder of Burisma Holdings, allegedly paid a $5 million bribe each to then-Vice President Joe Biden and his son, Hunter Biden. In 2014, Ukraine initiated criminal cases against Zlochevsky and Burisma, the company where Hunter Biden held a board…

Russian businessman Roman Abramovich is refusing to sign off the release of £2.3 billion ($2.9 billion) made from his sale of Chelsea Football Club to Ukraine, as he apparently wants a “substantial” part of the sum transferred to Russians affected by the conflict, a UK newspaper has reported. The newspaper also cited an unnamed source close to the above-mentioned funds as saying the hope is that “money will start arriving in Ukraine before harsh winter conditions set in again towards…

  The U.S. government has confirmed that multiple federal agencies have fallen victim to cyberattacks exploiting a security vulnerability in a popular file transfer tool. In a statement shared with TechCrunch, CISA confirmed that “several” U.S. government agencies have experienced intrusions related to the exploitation of a vulnerability in MOVEit Transfer, an enterprise file transfer tool developed by Progress Software. The agency also attributed the attacks to the Russia-linked Clop ransomware gang, which this week started posting the names of…

Canada is freezing ties with the China-led Asian Infrastructure Investment Bank, or AIIB, while it probes allegations it is dominated by the Chinese Communist Party, Finance Minister Chrystia Freeland said on Wednesday. Freeland said she did not rule out any outcome of the investigation, a clear hint that Ottawa could pull out of a bank it officially joined in March 2018. The bank’s global communications director, a Canadian, said on Wednesday he had resigned and criticized the bank as “dominated…

Reddit CEO Steve Huffman, desperate to show Wall St. that his company can make money, decided to lock away the information on Reddit behind a paywall by turning Reddit’s free API to paid, creating quite a mess. In response, thousands of subreddits went dark on Monday, with a plan for most (though not all) to come back today. But, on Tuesday, Huffman’s internal email to Reddit staff leaked to the Verge, in which Huffman continued with the same dismissive attitude…

  The European Commission has signalled it could be preparing to break up Google’s adtech business. Speaking during a press conference this afternoon, EU EVP Margrethe Vestager, the bloc’s competition chief and head of digital strategy, announced it has sent a formal statement of objections to Google for suspected anti-competitive conduct in its adtech business. If the Commission confirms its suspicions she said it is looking at breaking up Google’s adtech as the only viable solution to resolve what she…

By Chen Qingqing Published: Jun 13, 2023 07:46 PM The Chinese Foreign Ministry reiterated on Tuesday that it is crucial to conduct an objective, fair, and professional investigation into the Nord Stream pipeline explosion and hold those responsible accountable, after some media reported that German investigators are looking into details about the explosion orchestrated by a sabotage group and the US had knowledge of a plan to attack the pipeline three months before the explosion occurred. We have noticed the…

By Global Times Published: Jun 13, 2023 02:27 PM The Biden administration on Monday added 43 entities including 31 entities from China to an export control list that bars them from accessing US technologies and components, the latest US move to crack down on China’s efforts in developing and modernizing its technology. Washington’s irrational obsession of targeting China’s rising technology prowess in name of the so-called national security protection lays bare the US’ desperate attempt to maintain supremacy in control…

George Soros, a financier with a penchant for politics, has moved to hand over control over his $25 billion empire to his 37-year-old son Alexander.As some media outlets have pointed out, Soros Sr. previously appeared reluctant to let any of his five children take control of the Open Society Foundations (OSF) but has apparently changed his mind.Alexander Soros replaced his father as the Open Society Foundations’ board chairman in December 2022 and is currently the only Soros family member on…

Struggling to overcome recruiting shortfalls, the Army and the Air Force have bolstered their marketing to entice legal residents to enlist, putting out pamphlets, working social media and broadening their outreach, particularly in inner cities. One key element is the use of recruiters with similar backgrounds to these potential recruits. Airman 1st Class Joshua Fancisco, from the Philippines, left, Airman 1st Class D’elbrah Assamoi, from Cote D’Ivoire, center, and Airman 1st Class Jordan Flash, from Jamaica, looks at their U.S….

WASHINGTON – The US expanded a ban on imports from China’s Xinjiang region, placing two more companies on its so-called entity list, the first additions since a law targeting forced labour in the area took effect a year ago. Printing and imaging company Ninestar Corp and eight of its subsidiaries, as well as Xinjiang Zhongtai Chemical, were added to the list “for working with the government of Xinjiang to recruit, transport, transfer, harbour or receive forced labour” involving Uighur and…

China has been operating a spy base in Cuba since at least 2019, part of a global effort by Beijing to upgrade its intelligence-gathering capabilities, according to a Biden administration official. The official, who was not authorized to comment publicly and spoke on the condition of anonymity, said the U.S. intelligence community has been aware of China’s spying from Cuba and a larger effort to set up intelligence-gathering operations around the globe for some time. The Biden administration has stepped…

Reality Winner, the first person to be prosecuted in violation of the Espionage Act under the Trump administration, said she was “blown away” by the voluminous detail found in the 49-page indictment against the former president in the sprawling Mar-a-Lago documents scandal. The former intelligence contractor and Air Force linguist made the comments in a new interview with NBC broadcast Friday. In 2018, under the Trump administration, Winner pleaded guilty and was sentenced to five years and three months in prison after leaking a top-secret report on…

Western media is reporting that the CIA told its Belgian counterparts that Ukrainian forces were responsible for the destruction of the Nord Stream gas pipelines last September.“Shortly after the attack, our military intelligence agency ADIV received strictly confidential information that pointed to Ukraine’s likely role in sabotage,” a mainstream Belgian newspaper wrote Saturday. The publication said it “learned from well-informed sources that our military intelligence service then ‘got a visit’ from the American intelligence service CIA. ”The story “illustrates how…

Tens of thousands of people marched on June 9 in another anti-government protest in Belgrade criticizing the government’s response to two mass shootings last month in which 18 people died. The protesters called for the resignation of President Aleksandar Vucic and stuck messages to the door of the government building, including one that said, “Enough is enough.” Cardboard figures depicting Vucic and Prime Minister Ana Brnabic in black-and-white striped prison suits were also left in front of the government building….