Author: Daniel K.

China Evergrande Group today again defaulted on interest payments to international investors. DMSA, the German Market Screening Agency, itself is invested in these bonds and has not received any interest payments until today’s end of the grace period. Now DMSA is preparing bankruptcy proceedings against Evergrande and calls on all bond investors to join it. China Evergrande Group, the second-largest real estate developer in China, defaulted on interest payments on two bonds back in September, with the 30-day grace period still ending in October. However, shortly before the end of the grace period, the public was misled by rumors about alleged…

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International investigators arrested 150 people in a coordinated campaign against organized crime on the Darknet, according to Europol. More than 26 million euros had been confiscated, the European police authority announced on Tuesday in The Hague. A total of 234 kilograms of drugs and 45 firearms were also seized. Some of the suspects are classified as “high-level targets” by Europol. Dark HunTOR, “was composed of a series of separate but complementary actions in Australia, Bulgaria, France, Germany, Italy, the Netherlands, Switzerland, the United Kingdom, and the United States,” the Hague-based Europol said. It was aimed specifically at providers and buyers on darknet platforms,…

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Hypersonic missiles travel at high speed in low orbit. It is difficult for defense systems to intercept them. The US is researching this new weapons class, as well as Russia – and, surprisingly, China. China is making great progress in developing hypersonic missiles, according to a media report. The People’s Republic tested a new high-speed gliding vehicle in August, the “Financial Times” reported, citing informed military circles. China is apparently further ahead in terms of hypersonic missiles than the US had assumed. According to the report, China sent the nuclear-capable projectile into low-earth orbit with a “Long March” missile, where it traveled around the earth…

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The Chinese military conducted exercises to storm beaches and set up landing heads right on the Taiwan Strait amid the political dispute between Beijing and Taipei. The Chinese military has published video recordings of the landing drills. https://twitter.com/PopularFront_/status/1447291809743482891 The People’s Liberation Army’s press, PLA Daily, recently posted a video on Weibo showing soldiers practicing storming a beach. The video shows how the soldiers land in small boats on a beach, breach barbed wire, and other obstacles, dig trenches in a sandbar, and practice fighting in a forest. According to the PLA Daily, the exercises were held at a practice site in Fujian Province, on…

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A special operations unit and a contingent of U.S. Marines have been preparing Taiwanese soldiers for a potential invasion of China in secret exercises, the Wall Street Journal revealed in a report that was confirmed by the Pentagon on Friday. Around two dozen elite soldiers train Taiwanese ground troops, while US Marines practice combat with Taiwan’s naval forces. China: U.S. must withdraw from Taiwan The U.S. must withdraw troops from Taiwan, the Chinese Foreign Ministry said today, urging Washington to respect its agreements with Beijing. “The U.S. must sever diplomatic relations and abrogate its mutual defense treaty with Taiwan and U.S. forces must…

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According to the US Navy, a US nuclear submarine collided with an “unknown object” while submerged in the South China Sea. The incident resulted in no life-threatening injuries on board, the US Pacific fleet announced on Thursday (local time) in a brief statement. Two seafarers had been moderately injured and about nine others had suffered bruises and cuts, according to media reports. https://twitter.com/USPacificFleet/status/1446189911686582313 The nuclear reactor of the “USS Connecticut” was not impaired and is still fully functional, said the Navy. “The submarine is still in a safe and stable condition.” The extent of the damage of the Seawolf-class hunting submarine is now…

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When the first Corona wave hit Germany in spring 2020, Bavaria’s Prime Minister Markus Söder (CSU) and his state government set particularly strict rules. While the other federal states only introduced contact restrictions in public spaces, Bavaria went a step further and imposed a curfew: leaving your own home was only allowed for “essential reasons,” including going to work or to the doctor, shopping for groceries, and visiting a partner. “The police are required to check compliance of the population with the curfew,” said the Bavarian Corona Ordinance of March 31, 2020. The 20th Senate of the Bavarian Administrative Court in…

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A bomb attack in the Afghan capital Kabul near the memorial service for the mother of a high-ranking Taliban official resulted in deaths and injuries. Taliban spokesman Sabihullah Mujahid, whose mother was buried, reported on the explosion near the gate of the famous Eidgah mosque. https://twitter.com/HabibKhanT/status/1444631615267803137 “A number of people were killed and wounded,” the spokesman reportedly said without providing details. There are conflicting reports about the numbers of fatalities and people injured. The Taliban confirm the death of two and they say 4 others were injured. An Afghan government spokesman says that the explosion hit a gathering at the main entrance…

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Online criminals have used Trojan apps to sign up victims for subscriptions and looted hundreds of millions of euros, according to security researchers. More than 200 legitimate-looking apps infected with malicious code have crept into the Google Play store and victims were signed up for paid subscriptions without noticing it. The malicious campaign has affected more than 10 million Android users worldwide. At first glance, the apps in Google Play and other app stores for Android do not look suspicious. However, malicious code is supposed to become active after installation, signing the victims up for subscriptions. In some cases for…

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According to a forecast by the Federal Statistical Office, the inflation rate jumped to 4.1 % in September. A new record: Last seen in December 1993, when it was 4.3 %. The prices for energy (+14.3 %) and food (+ 4.9 %) increased sharply. Services increased by 2.5 % and apartment rents by 1.4 %. In August consumer prices had already risen by 3.9 % compared to the same month last year. The Federal Statistical Office last determined a higher value in December 1993, when it was 4.3 %. In order to stimulate consumption during the pandemic, the federal government had temporarily reduced…

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