Author: FX

The Kremlin says Yevgeny Prigozhin will leave for Belarus is a deal that was brokered by Belarusian President Alexander Lukashenko. He agreed to leave the country in exchange for charges being dropped.Kremlin spokesman Dmitry Peskov also said that Wagner fighters who didn’t take part in the uprising will sign contracts with the Ministry of Defense while those who did take part won’t be charged.There was no word on changes as the Ministry of Defense but earlier rumours suggested Shoigu would be replaced.Peskov said Putin will not make any further comment on the issue and the invasion of Ukraine will continue…

In May, (BTC) posted its first monthly loss since December 2022 with a negative 6.98%. However, this consolidation was not obviously driven by a change in fundamentals or the broader macroeconomic environment. The crypto market was looking for direction and liquidity in this phase before the United States Federal Reserve announced a pause on the rate hiking cycle in June. Many indicators, such as the futures market and VC investment, point to an optimistic underlying sentiment. But while traditional markets and tech stocks were able to continue their rally in May, actual price action in the crypto market remained suppressed…

Scott Olson Apple (NASDAQ:AAPL) said earlier this week it is expanding its self service repair program to include the iPhone 14 line of smartphones and certain Macs, including the 13-inch MacBook Air and MacBook Pro powered by the company’s M2 line of processors. In addition, the tech giant said it would update its System Configuration process for iPhone repairs to make it even easier, allowing consumers to replace displays, batteries and cameras. “Running System Configuration after a repair authenticates genuine Apple parts, updates firmware, and calibrates parts to ensure maximum performance and quality,” the company said in a statement. “Additionally,…

Wagner leader Yevgeny Prigozhin said he gave the order to return convoys headed to Moscow back to their bases in order to avoid bloodshed.Belarus President Lukashenko, acting with Putin, said he spoke to Prigozhin and put an agreement on the table that would guarantee the safety of Wagner fighters.To me, this sounds more like a deescalation than a solution. Perhaps Prigozhin thought that other wings of the Russian military would join him or maybe he’s just playing for time. Until the weapons are laid down, this looks more like a standoff. It’s hard to imagine there’s any way to return…

A couple of items re China and the faltering economic bounce. Tourism data cited on China’s state TV(CCTV) reported travel during the June 22-24 Dragon Boat Festival holiday was up on 2022 but down 22.8% from the pre-COVID levels of 2019.the number of railway trips jumped 12.8% higher than during the same period of 2019road travel was down 33.3% from the same period in pre-COVID 2019trips on down 43.6%trips on flights up 3% from 2019Meanwhile, at least two South Korean carriers have cut flights to and from China, citing lower demand and sour relations between the two countries. Yonhap reported…

A civil war has broken out in Russia with Wagner Group leader Yevgeny Prigozhin leading a convoy towards Moscow and loyal parts of the Russian military attacking it.Reports are scattered and unreliable but helicopters are engaging the column and images suggest three of them were shot down. There are scattered videos of battles along the highways and other videos suggesting that other parts of the Russian military have switched sides.“We will destroy everything around us, we are all ready to die – all 25 thousand, and then another 25 thousand, because the Russian people must be liberated,” said Prigozhin who…

5/5 © Reuters. People participate in a protest against Moms for Liberty outside of the Museum of the American Revolution in Philadelphia, Pennsylvania, U.S., June 9, 2023. REUTERS/Hannah Beier 2/5 By Jonathan Allen and Hannah Beier DOYLESTOWN, Pennsylvania (Reuters) – On May 12, the library coordinator for Pennsylvania’s Central Bucks School District sent an email to colleagues that some conservative parents and Christian advocacy groups had long prayed to see. The email instructed school library staff to remove all copies of two books within 24 hours: “Gender Queer”, a graphic memoir by Maia Kobabe that includes cartoons of sexual encounters;…

jetcityimage/iStock Editorial via Getty Images Eli Lilly (NYSE:LLY) announced late Friday new data from a Phase 2 trial for its once-daily obesity therapy, orforglipron, indicating that the oral GLP-1 receptor agonist caused up to 14.7% weight reduction in adults. The 36-week trial was designed to evaluate 12 mg, 24 mg, 36 mg, or 45 mg doses of orforglipron against placebo in those with obesity or overweight and at least one weight-related condition excluding type 2 diabetes. For the primary endpoint at 26 weeks, orforglipron led to dose-dependent and statistically significant body weight reductions of 8.6%–12.6% across all doses, compared to…

EUR/USD FORECAST:EUR/USD fails to remain above the psychological 1.1000 level and pulls back heading into the weekend, challenging trendline supportDisappointing economic data in the Eurozone prompts traders to trim exposure to the common currencyThis article looks at major EUR/USD’s tech levels to watch in the week ahead Recommended by Diego Colman Get Your Free EUR Forecast Most Read: Japanese Yen Outlook – USD/JPY Breaks Out but AUD/JPY Lacks Bullish SparkEUR/USD rallied and briefly recaptured the psychological 1.1000 level earlier in the week, but failed to hold on to its advance, ending the five-day period a soft note near 1.0890 after…

5/5 © Reuters. FILE PHOTO: Founder of Wagner private mercenary group Yevgeny Prigozhin leaves a cemetery before the funeral of a Russian military blogger who was killed in a bomb attack in a St Petersburg cafe, in Moscow, Russia, April 8, 2023. REUTERS/Yulia Morozova/Fi 2/5 By Andrew Osborn and Kevin Liffey LONDON (Reuters) – Russian mercenary chief Yevgeny Prigozhin appeared to suggest he had sent an armed convoy on a 1,200-km (750-mile) charge towards Moscow on Saturday in an unlikely attempt to topple the military leadership. Russian local officials said a military convoy was on the main motorway linking the…