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The BRICS alliance is going to get bigger and stronger as 24 new countries now prepare the join the bloc. The nations are looking to end reliance on the U.S. dollar and accept the new BRICS currency for cross-border transactions. The move adds pressure on the dollar and challenges its hegemony as the world’s reserve currency. Nonetheless, if BRICS expands to BRICS+, the dollar and other leading Western currencies like the Euro and Pound could decline.
Amid the palpable anticipation, and the transformative discussions, we are witnessing the ascent of a momentous topic that promises to redefine global financial dynamics — the inception of a unified Brics currency. The formation of a collective currency is expected to be the most prominent subject of discourse when the leaders of the five emerging nations convene in Johannesburg in August for the Brics summit.
Casting light on the audacious ambitions of these emerging economic powers, China is leading this movement for an alternative monetary regime. Other members of the group have lent their unwavering support to China’s visionary endeavour to challenge the grip of US “dollar hegemony”. Such a stance befits China’s transformative rise on the global stage, unveiling its intent to reconfigure the existing financial order.
Emboldened by their shared aspirations, the Brics nations have converged upon the idea of a unified currency. The creation of a unified Brics currency represents a clarion call for emancipation from established conventions, a stride towards forging a new epoch of economic equilibrium. With the prospect of such a drastic shift on the horizon, the financial world is bracing for a profound reordering, as the echoes of Brics currency resonate across the globe.
Cryptocurrency giant Tether is setting up a bitcoin mining operation in Uruguay using renewable energy, as the company looks to diversify the revenue mix to support its USDT stablecoin.
The company said Tuesday that it plans to invest its resources into renewable energy production, marking its first foray into the energy sector.
Tether issues what is known as a stablecoin. This is a token that, unlike bitcoin and other cryptocurrencies, is meant to hold a stable value at all times.
USDT is the largest stablecoin in the market, with a circulating supply of more than $83.2 billion, according to CoinGecko data. It competes with Circle's USD Coin and Binance's BUSD
The Bank of Japan (BOJ) has released the results of the second phase of its central bank digital currency (CBDC) proof-of-concept (PoC) experiment and confirmed that its CBDC pilot project launched on schedule in April. The second-phase PoC ran for a year, from April 2022 to March 2023, and considered functions to complement the basic ledger functions tested in the first yearlong experiment.
The Laotian government and blockchain experts held the first Ministerial Conference on Blockchain 4.0 Digital Transformation on May 26, 2023,
The meeting primarily discussed how to advance the digital transformation of Laos using digital technology, and for the first time, presented the theory of Blockchain 4.0 to the world, advocating for open collaboration and global co-construction, and boosting Laos' potential to be a builder and beneficiary of the global digital world order through national digital operations.
About a week before ID4Africa, ICT secretary Eliud Owalo said the government was actively working on such a system for the country and that it is currently involved in “a benchmarking exercise in countries like Estonia and Pakistan.” Authorities are aiming to give every Kenyan a digital ID by March of next year, he said.
On that note, during ID4Africa, Kenya’s Interior Cabinet Secretary, Kithure Kindiki, said the country will upgrade from its current Automated Fingerprint Identification System (AFIS) to an Automated Biometric Identification System (ABIS) that will also support facial and iris recognition technologies. He also explained that the country’s planned digital ID system will use a ‘Unique Personal Identifier’ issued to all newborns.
All of these disclosures suggest a fast and furious pace on the part of Kenya’s government as it pursues an apparently quite ambitious digital ID program — one that could itself serve as a model for others, if all goes well.
Reproductive justice is a framework created by Black women in 1994 to address the intersectional and multifactored issues that women of color and their families face in society.
The euro zone's top banks may take a hit if their financial clients, such as funds, insurers and clearing houses, withdrew their deposits or otherwise ran into trouble, the European Central Bank warned on Tuesday.
The ECB study looked into the risk of spillovers from so-called shadow banks -- such as funds and other financial companies that provide funding in one form or another -- to traditional lenders, and vice versa.
It found the exposure both in terms of bank assets, such as loans, and liabilities, such as deposits, was concentrated in the euro zone's top 13 lenders, including its eight globally important banks.
The euro zone's global systemically important banks are BNP Paribas, Deutsche Bank, BPCE, Credit Agricole, ING, Santander, Societe Generale and UniCredit.
Santa Clara, California-based graphics processing unit (GPU) specialist Nvidia and Japanese communications networking and services giant SoftBank are collaborating on a platform that aims to transform the capabilities and efficiency of datacentre-based communications networking and artificial intelligence (AI) applications.
The platform uses the semiconductor giant’s Arm Neoverse-based GH200 Grace Hopper superchip, which is designed to host and run generative AI (GenAI), 5G and 6G applications and which SoftBank plans to deploy at new, distributed datacentres across Japan.
Nvidia’s founder and CEO Jensen Huang stated: “Demand for accelerated computing and generative AI is driving a fundamental change in the architecture of datacentres. Nvidia’s Grace Hopper is a revolutionary computing platform designed to process and scale out generative AI services. Like with other visionary initiatives in the past, SoftBank is leading the world to create a telecom network built to host generative AI services.”
SoftBank is developing a range of applications for use cases such as autonomous driving, autonomous AI-driven factories, augmented and virtual reality (AR and VR), computer vision and digital twins.
NVIDIA today announced that electronics manufacturers worldwide are advancing their industrial digitalization efforts using a new, comprehensive reference workflow that combines NVIDIA technologies for generative AI, 3D collaboration, simulation and autonomous machines.
Supported by an expansive partner network, the workflow helps manufacturers plan, build, operate and optimize their factories with an array of NVIDIA technologies. These include: NVIDIA Omniverse™, which connects top computer-aided design apps, as well as APIs and cutting-edge frameworks for generative AI; the NVIDIA Isaac Sim™ application for simulating and testing robots; and the NVIDIA Metropolis vision AI framework, now enabled for automated optical inspection.
In his keynote address at COMPUTEX, NVIDIA founder and CEO Jensen Huang showcased a demo of an entirely digitalized smart factory — an industry first for electronics makers.
“The world’s largest industries make physical things. Building them digitally first can save enormous costs,” said Huang. “NVIDIA makes it easy for electronics makers to build and operate virtual factories, digitalize their manufacturing and inspection workflows, and greatly improve quality and safety while reducing costly last-minute surprises and delays.”
Apple’s upcoming mixed-reality headset release has sparked excitement and speculation within the metaverse industry. According to reports from Apple product soothsayer Mark Gurhman, the highly-anticipated Apple headset launch date is June 5th, marking a significant product release for Apple since the Apple Watch in 2015.
Apple has confirmed June 5th as its Worldwide Developers Conference (WWDC) date at the Steve Jobs Theater. Most analysts believe Apple will enter the mixed reality space, which has already impacted the prices of metaverse tokens, such as Decentraland’s MANA and Sandbox’s SAND. These tokens experienced significant surges earlier this year.
The metaverse, a digital realm that integrates virtual and augmented reality experiences, is poised to become a multi-billion dollar market by 2030, according to a Bloomberg Intelligence (BI) report. Its potential extends beyond gaming, with applications in e-commerce, education, and enterprise use cases such as virtual factories and airport training. So, Apple’s rumoured entry into the metaverse with a new mixed-reality headset will be a crucial growth driver.
Generative AI will now be part of the metaverse, convincing users of human interactions within virtual landscapes. But Google and Microsoft, with Bard and Chat GPT, respectively, are already several steps ahead of Apple. Their flagship products leverage large language models to enhance user experiences by providing distinct responses to text, voice, and gestures. AI will be essential for expanding metaverse engagement and improving productivity in virtual work environments.
But Apple’s reputation for delivering user-friendly products and its commitment to research and development makes its metaverse strategy highly anticipated.
Japanese electronics giant Sony recently bought out Beyond Sports, allowing the former to build massive metaverse content for sporting events. it announced this week.
Pulselive, another Sony-owned enterprise, can also provide metaverse live-streaming technologies to audiences and additional revenue streams for companies, potentially also on PlayStation consoles.
Such future integrations could take place on Sony’s upcoming PSVR 2 device, which is expected to release in February of next year.
The news comes after the company filed patent for blockchain technologies for the PSVR 2 to trade non-fungible tokens (NFTs) and other digital content. Players can use the novel tools to buy and sell in-game content and identify metadata, ownership, and other key details for immersive content.
Rival firm Microsoft bought Activision Blizzard to expand its portfolio of solutions in historic $68 billion deal. This has greatly expanded Microsoft’s future ambitions for metaverse technologies such as cloud computing, digital avatars, non-fungible tokens (NFTs), and others.
China Evergrande Group said on Monday evening that its overdue debt, unpaid bills, and payments involved in lawsuits have piled up to nearly 900 billion yuan (US$127 billion), revealing the depth of the debt and legal woes the mainland Chinese developer faces amid its restructuring struggle.
The embattled developer said its overdue debts, excluding onshore and offshore bonds, amounted to around 272.5 billion yuan as of April, according to a Shenzhen Stock Exchange filing concerning its major litigation and failure to repay due debts. Its overdue commercial bills amounted to around 246 billion yuan. On the legal front, Evergrande is also facing 1,426 unresolved lawsuits involving a total of 349.6 billion yuan as of April, according to the filing.
Evergrande revealed some of its legal woes in a May 12 Hong Kong stock exchange filing, which said the company, its Guangzhou subsidiary and its chairman Hui Ka-yan were ordered by the court to make a hefty payment to Hexin Hengju Shenzhen Investment Holding Center, which had injected 5 billion yuan into Evergrande’s real estate arm.
James Comey: “I think he poses a near existential threat to the rule of law. He will do everything he can in a new term to try to tear down the institutions that he sees as threats and dismantle them and the people who occupy them.”
Rule of law is a principle under which all persons, institutions, and entities are accountable to laws that are:
Publicly promulgated
Equally enforced
Independently adjudicated
And consistent with international human rights principles.
Convicted pedophile Jeffrey Epstein attempted to make Bill Gates the face of an investment fund with a minimum individual buy-in of $100 million, and told bankers at JPMorgan in emails obtained by The Daily Beast that the venture would give the Microsoft founder “access to higher quality people, investment, allocation, governance without upsetting either his marriage or the current sensitivities of the current foundation employees.”
The fund, according to Epstein’s emails, would be “the most exclusive of clubs,” but apparently never got off the ground.
Jeffrey Epstein was invited to editorial meetings with Mariette DiChristina when she was the top editor of Scientific American magazine, according to scheduling emails obtained by Insider.
The emails between Epstein and one of his employees, Lesley Groff, show her arranging the now-dead pedophile financier's schedule for the month of September 2014. Epstein had the opportunity to attend editorial meetings on September 22 and 29.
Some versions of his September 22, 2014 schedule show a packed day following the 10:30 a.m. editorial meeting, including getting lunch afterward with then-Harvard University psychology department chairperson Stephen Kosslyn, talking with former Treasury Secretary Larry Summers in the afternoon, and watching the Denzel Washington thriller "The Equalizer" in the evening.
At 11:30 a.m. that day, he was scheduled to be at a luncheon for the Dubin Breast Center of the Tisch Cancer Institute in Midtown Manhattan, which was founded by his close friend Eva Andersson-Dubin. Epstein bought 50 seats at the luncheon, according to Groff's emails.
originally posted by: OveRcuRrEnteD
a reply to: igloo
Yes. By one person apparently.
Because all good psy-ops, especially ones named Operation Trust, tell you to trust in yourself
originally posted by: Jorge1986s
originally posted by: crankyoldman]
What does this mean?
.
Unfortunately, most people on this website aren't ready to have a mature, factual discussion about the nature of this realm we occupy. They would prefer to mock and marginalize those capable of seeing through the lies and dogma of the currently shared "scientific" consensus of the origin of humanity in the mainstream.
originally posted by: angelchemuel
I heard last night, directly from an NHS source, that A&E depts across UK are already prepping for next 'pandemic' they are expecting to start next autumn in UK.
This time, and as I have been saying since last year, bacterial, not viral infections.
For example, there are already 600 cases of nectotising faciitis recorded. Not good and I'll readily admit scares the beejezus out of me.
Concerned Rainbows
Jane
PS, could somebody give me the link to the Covid thread please? I seem to have deleted it by accident Thank you
According to a recent report, China has approved the safety of the first gene-edited crop: the soybean.
Shandong Shunfeng Biotechnology Co., Ltd. created this gene-edited soybean. The company altered two genes in the soybean to increase the plant's healthy fat oleic acid levels.
A Cambridge-led consortium has secured a $35m grant from Bill & Melinda Gates Agricultural Innovations (Gates Ag One) to engineer plants for better nutrient uptake through micro-organisms, fungi, and bacteria. With Sub-Saharan Africa’s agriculture at risk due to depleted nutrients and a changing climate, the Engineering the Nitrogen Symbiosis for Africa (ENSA) research programme aims to boost crop yields sustainably, addressing poverty in small-holder farming systems. The project will revolutionise smallholder farming without relying on costly and polluting inorganic fertilisers, providing sustainable food production solutions for high-income countries as well.
Canada has just relaxed guidelines around gene-edited seeds, a move that the biotech industry says could lead to everything from Canada planting more drought-resistant crops to, someday, pitless cherries and sweeter broccoli.
On May 3, Minister of Agriculture and Agri-Food Marie-Claude Bibeau announced that the Canadian Food Inspection Agency (CFIA) seed guidelines now allow for some modified plants.
The updated seed rules now allow seeds created through gene-editing that are not spliced with foreign DNA or altered to make them pesticide-resistant.
These seeds will be allowed without an independent safety assessment by the government, as they are already considered safe.
originally posted by: OveRcuRrEnteD
a reply to: Imbackbaby
What doors? What are you go8ng on about?