EuroMed Venture Capital investments 2023 recap

2023 has proven to be a bumper year for world economies. Inflation, international security and instability have plagued the year. The flipside to turmoil is the creation of pockets of opportunities. In 2023 EuroMed went into overdrive with its Venture Capital department and doubled down its proprietary investments in fintech companies and affiliation. The department…

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US Debt Hits A Record $34.001 Trillion

The US Treasury has a morbid habit of revealing big, round numbers of debt around major calendar milestones, and the new 2024 year was no different because according to the latest Treasury Daily Statement published after the close today and reflecting the US Treasury’s financial statements as of Dec 29, 2023, total US debt as…

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Swiss National Bank Urged To Exit Investments In Fracking

The Swiss National Bank (SNB) was urged to divest from oil and gas fracking companies on Monday, when climate activists handed over a petition signed by 60,000 people demanding the Swiss central bank exit its fracking investments.     Last month, a study by SNB Coalition and Climate Alliance Switzerland showed that the Swiss bank had investments worth a total of $16.1…

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From bears to bulls to AI booms

Bears did it again? The massive move lower in the AAII bull – bear spread (outlined here) has resulted in markets squeezing lately. Nothing new, but frustrating for the crowd. Source: Refinitiv Smart money Smart or not, but they missed the latest squeeze… Source: Barclays Buyback ATH 29% of global stocks are buying back their shares,…

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JPMorgan Chase to spend $200 million on carbon dioxide removals

LONDON, May 23 (Reuters) – U.S. bank JPMorgan Chase & Co (JPM.N) will spend over $200 million on carbon dioxide removal credits to take away and store 800,000 tons of emissions as part of its sustainability efforts, it said on Tuesday. Even with pledges of huge reductions in emissions, many scientists believe extracting carbon dioxide (CO2) by…

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Europe Agrees To Remove Energy Support Stimmies To Cut Budget Deficits

In a move that could send Europe into an even a deep recessionary tailspin and crush the continent’s long-suffering consumers, should Europe’s energy problems extend into the new year – which they almost certainly will – last Thursday Euro zone finance ministers agreed to withdraw energy support measures to their economies and use the savings to…

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In Latin America, China Gets Down To Business As U.S. Dithers

Africa

Before COVID-19 raged through Chile in all its lethal  power, Jorge Barrios sat in his living room using sanitation wipes to scrub a recently received package. “It’s from China,” he said. “You have to be careful with these things.”   It was February 2020, and although most Chileans had heard of COVID and its ability to kill,…

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Germany And The EU Are Hopelessly Behind On EVs & Artificial Intelligence

The EU is hopelessly behind the US and China on technology that will lead the future. It will stay that way… Sleepwalking Into Oblivion Eurointelligence has an interesting article on how Germany is Sleepwalking Into Oblivion. Current policy debates are rightly focused on the consequences of global bifurcation. But perhaps an even bigger danger for the EU is…

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