Anna's Daybreak News

Good morning news aficionados! Your bite-sized servings of the freshest headlines, trending stories, and must-know updates are here! Stay in the loop and never miss a beat with our deliciously compact newsletter.

• Hours after China's top legislature convened a special meeting to remove foreign minister Qin Gang, many of his photos and mentions started disappearing from his former ministry's website.


• The foreign ministry's explanation that this was due to health reasons has failed to stem a swirl of speculation not just about his fate but on how the whole saga reflects on the man that supported his meteoric rise, President Xi Jinping.


• China named veteran diplomat Wang Yi to replace Qin, but gave few further clues on the reason for the change.


• There are precedents for officials disappearing and being scrubbed from the collective memory in China. But this may not be the case for Qin as National People's Congress Standing Committee did not remove Qin's other title of State Councillor despite having the power to do so.


• In a move that further muddles the conundrum, a portrait of the former U.S. envoy remained hanging prominently on the wall of the Chinese embassy in Washington.


• As questions continue to be raised regarding Qin's mysterious absence, we scratch our heads, what ever happens to those dragged into the Bermudas triangle made in China?
Source: Read More

• U.S. banks reported tighter credit standards and weaker loan demand from both businesses and consumers during the second quarter, according to the Federal Reserve's quarterly Senior Loan Officer Opinion Survey.


• The Fed has raised interest rates by 5.25 percentage points since March 2022, with banks slowing their lending in response.


• The survey suggests credit is continuing to tighten, threatening the Fed's "soft-landing" scenario and pointing to a possible recession.


• It's not just about the banks: tighten your belt loops and gasp at the horror of it all
Source: Read More

• The SEC charged crypto influencer Richard Heart with illegally raising more than $1 billion in unregistered securities.


• Heart allegedly spent investor funds on lavish purchases, including a rare 555.55-carat black diamond.


• The SEC claimed Heart repeatedly claimed Hex, one of his crypto entities, would make investors rich.


• The SEC is turning up the heat on the crypto sector, with lawsuits against Binance, Coinbase, Tron and FTX.


• It looks like Richard Heart is learning that in the crypto wild, wild, west - the rules of the SEC still apply
Source: Read More

• The military coup in Niger is raising fears, especially in France, about the effect it could have on the availability of uranium used to power nuclear energy plants.


• Niger is the provider of 15 percent of France’s uranium needs and accounts for a fifth of the EU’s uranium stock.


• France and energy experts have stated that the tensions will not have any immediate impact on France’s needs for uranium.


• The coup in Niger has the potential of creating a challenge for Europe’s uranium needs in the longer term, and could make the EU more reluctant to adopt sanctions against Russia.


• Looks like the EU better restock their uranium reserves before they have to open up negotiations with Russia again
Source : Read More

Baked with love,

Anna Eisenberg ❤️