Author: Multibagger News

"ASML’s Former CEO Speaks Out: U.S.-China Chip War Driven by Ideology, Not Facts" AMSTERDAM (Multibagger) – In a recent interview with Dutch radio station BNR, the retired CEO of semiconductor equipment giant ASML, Peter Wennink, made waves by asserting that the ongoing U.S.-China disputes over computer chips are rooted in ideology rather than factual concerns. According to Wennink, these conflicts are set to persist for decades, impacting the global semiconductor industry. Wennink, who stepped down in April after a decade of leading ASML to become Europe’s largest tech firm, highlighted the increasing constraints the U.S. has imposed on ASML’s ability…

Breaking News: Indian Government to Present First Union Budget for Fiscal Year 2024-2025 on July 23rd In a recent announcement on social media platform X, Kiren Rijiju, Minister of Parliamentary Affairs, revealed that the newly elected Indian government will be presenting its first union budget in the lower house of parliament on July 23rd. This budget will be for the fiscal year 2024-2025. This news is crucial for investors and financial market participants as it will provide insights into the government’s economic policies and priorities for the upcoming fiscal year. With the global economy facing uncertainties and challenges, understanding the…

CPAC Brasil 2024 Rally Led by Former Brazilian President Bolsonaro to Shape Right-Wing Future By Anderson Coelho BALNEARIO CAMBORIU, Brazil (Multibagger) – Former Brazilian far-right President Jair Bolsonaro will lead a rally of conservative supporters on Saturday to drum up support for allied candidates in this year’s municipal elections and project his influence ahead of the 2026 presidential race. The CPAC Brasil 2024 event at the beach resort of Balneario Camboriu in Southern Brazil is slated as the first major opposition rally of the campaign for local mayoral elections in October. It will also have a regional dimension with the…

The Unstoppable Rise of Uranium: Why Analysts Are Bullish on Nuclear Energy In a recent report, analysts at Alpine Macro and BCA Research have declared a “super-cycle bull market” for uranium, signaling a major shift in the global energy landscape. This comes as the world is moving back towards nuclear energy as a reliable source of clean power. After the challenges faced by the industry post-Fukushima, including reactor closures and depressed prices, a perfect storm of factors is now driving uranium into a new era. The need for clean energy with reliable baseload generation has become paramount, making nuclear energy…

EU Tariffs on Chinese Electric Vehicles: A Financial Breakdown and Impact Analysis SHENZHEN, China (Multibagger) – The China Association of Automobile Manufacturers (CAAM) has expressed strong dissatisfaction with the European Union’s proposed anti-subsidy tariffs on Chinese electric vehicles. This sentiment was conveyed in a statement released on Saturday. According to CAAM, while Chinese manufacturers cooperated fully with the European Commission’s investigation into alleged subsidies, the inquiry seemed to ignore critical facts and appeared to have preselected outcomes. This statement was made public via the Chinese messaging app WeChat. Starting from Friday, the European Union has imposed tariffs ranging up to…

Are you ready to capitalize on Vietnam’s booming economy? Prime Minister Pham Minh Chinh has just announced ambitious targets for the country’s GDP growth in the third quarter. According to Chinh, Vietnam is aiming for a growth rate of 6.5%-7.0%, building on the impressive 6.93% expansion recorded in the second quarter. But that’s not all – the government is also committed to keeping inflation below 4.5% and improving the investment environment to support businesses. As a leading manufacturing hub in the region, Vietnam is set to focus on boosting domestic consumption and public investment in infrastructure development. However, Chinh also…

The Dalai Lama’s Succession Concerns: What It Means for Tibet, China, and the WorldBy Charlotte Greenfield and Sunil KatariaAs the world’s leading investment manager and financial market journalist, I bring you the latest insights from a monastery in northern India where the Tibetan Buddhist monk entrusted with foretelling the Dalai Lama’s future is grappling with succession concerns.The incumbent Dalai Lama, a charismatic figure who has championed peace and autonomy for Tibet, turns 89 this week. However, China insists on choosing his successor, raising questions about the future of Tibet’s spiritual leadership.With the Dalai Lama’s advanced age and health issues, the…

Michael Saylor Sends Bullish BTC Message as Bitcoin Recovers from Below $54,000 Michael Saylor, the co-founder of MicroStrategy, a business intelligence giant known for accumulating Bitcoin as part of its development strategy, recently addressed the crypto community with a bullish tweet about BTC. This comes as Bitcoin experienced a 4.89% recovery in the past 24 hours, bouncing back from the $53,900 mark reached on Friday. Saylor emphasized Bitcoin’s stability by stating, “1 BTC = 1 BTC,” amidst the recent volatility in the market that saw Bitcoin drop by over 15% between Monday and Friday, losing $10,000 of its value. However,…

UBS Analysts’ Insights: Key Investment Takeaways for the Second Half of 2024 In a recent report, UBS analysts have shared their reflections on the first half of 2024, highlighting three crucial takeaways for investors. Let’s dive into their insights and see how you can make the most of them in your investment strategy. Global Equities Shine Despite Volatility Despite market turbulence, global equities have delivered strong returns in the first half of the year. The MSCI All Country World Index saw a significant gain of 13.5%, with the US market leading the surge at 15.3% year-to-date. This growth has been…

Title: China’s Anti-Dumping Probe into European Cognac: How It Impacts Your Investments and Global Trade Dynamics AIX-EN-PROVENCE, France (Multibagger) – In a move that intensifies global trade tensions, China has initiated an anti-dumping investigation targeting Europe’s cognac industry. This development is widely viewed as a retaliatory measure against the recently imposed European Union tariffs on Chinese electric vehicles, according to Jean-Jacques Guiony, the Chief Financial Officer of LVMH, the luxury conglomerate that owns Hennessy cognac. On Friday, China announced its plan to hold a hearing on European brandy imports, escalating friction on the very day the European Commission’s provisional tariffs…