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Global leaders want answers: Why Belarusian activist was detained

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International tensions are growing after a Ryanair flight traveling from Greece to Lithuania was diverted to Belarus, where authorities boarded the aircraft and arrested a Belarusian activist who was onboard.

Raman Pratasevich was living in exile from Belarus and is a vocal critic of the country’s President and his regime.

International leaders are calling for answers.

US Secretary of State Antony Blinken says he condemns the brazen and shocking act and America demands an international investigation.

The Lithuanian president’s chief adviser on foreign affairs also fronted the media a short time ago.

Ryanair flight 4978 was preparing to descent into Lithuania on Sunday when it was informed about a “security alert” and forced to turn around and land.

Questions remain as to whether this security alert was fabricated… with some governments calling it a “state-sanctioned hijacking”.

In a statement, Ryanair says the flight was informed of a “potential security threat onboard” by Belarus air traffic control and was ordered to make an emergency landing.

The Belarusian Ministry of Internal Affairs confirmed that the activist was detained at Minsk airport, the nation’s main international hub.

Pratasevich is the founder of the Telegram channel Nexta – which is often used to criticise Belarusian leaders and organise anti-government protests.

Our resident political expert Bruce Wolpe says the situation is far from over and the world will demand answers.

The President of the country has been in power since 1994, and was inaugurated into office for his sixth term last year, an election that the European Union says was not legitimate.

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Hainan’s hidden paradise is transforming the global economy

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Once a quiet island, now a booming gateway—how Hainan is becoming a powerhouse of trade, innovation, and opportunity

The Big Picture unveils the incredible story behind China’s newest economic powerhouse. Host Mark Llewellyn explores a tropical island that has been transformed into a thriving hub for Australian and international businesses. As part of the Fortune Bay economic zone, this region is poised to drive China’s economy—and global growth—over the next decade. With ambitious plans in place, the opportunities for innovative and successful Australian businesses could be immense.

In this episode, discover China’s best-kept secret, where the rapidly evolving, visa-free, and largely tax-free island of Hainan is unveiled to the world for the first time. With its booming economy and vast untapped potential, Hainan presents a golden opportunity for Australian businesses looking to break into the world’s largest market. Journey through breathtaking landscapes, meet visionary leaders, and explore bold innovations shaping this emerging economic powerhouse—one poised to drive global growth for the next decade.

 

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From fishing village to tech titan—Guangzhou and Shenzhen are shaping our future

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How two Chinese megacities became the beating heart of innovation, trade, and global ambition

The Big Picture unveils the incredible story behind China’s newest economic powerhouse. Host Mark Llewellyn explores a tropical island that has been transformed into a thriving hub for Australian and international businesses. As part of the Fortune Bay economic zone, this region is poised to drive China’s economy—and global growth—over the next decade. With ambitious plans in place, the opportunities for innovative and successful Australian businesses could be immense.

In this episode, Mark Llewellyn explores the economic dynamism of Guangzhou and Shenzhen—two of China’s most vibrant cities brimming with opportunity. From Guangzhou, home to 30,000 foreign-owned companies and a rich cultural tapestry, to Shenzhen, which has evolved from a fishing village into a high-tech ‘Silicon Valley’ powerhouse, this episode uncovers the forces driving their success. Get an exclusive look inside DJI, the world’s largest drone manufacturer, and meet the visionary minds shaping the future of technology.

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Market speculation rises, fueling concerns about correction

Investors are concerned about market speculation amid rising options trading and booming meme stocks and cryptocurrencies during a lengthy bull market.

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Investors are concerned about market speculation amid rising options trading and booming meme stocks and cryptocurrencies during a lengthy bull market.

In Short

Investors are worried about rising speculation in options, meme stocks, and cryptocurrencies, which may lead to market corrections despite ongoing enthusiasm. Analysts highlight elevated stock valuations and concerns over inflation and interest rates as key risks for future market stability.

Despite challenges such as trade wars and competition from AI, enthusiasm remains high. However, some traders fear that this speculation could lead to significant market corrections.

Seema Shah, a strategist at Principal Asset Management, has noted increasing signs of market froth, suggesting vulnerability to disappointments.

A key indicator of this is the strong performance of popular stocks like Palantir Technologies, which saw a significant increase following positive sales growth, and Strategy, a company heavily invested in Bitcoin.

Meme stocks, including GameStop and BlackBerry, have also experienced notable price increases, raising questions about market behaviour.

Record volumes

Options trading is surging, with record daily volumes noted in January, indicating heightened activity among traders looking for quick profits.

Speculation is spreading beyond traditional markets into prediction markets and cryptocurrencies, with Bitcoin reaching record highs in January.

Meme coins, which derive value from internet popularity, have also gained traction, while overall stock valuations appear elevated compared to historical averages.

Although elevated valuations do not guarantee a selloff, they pose risks to long-term returns and are closely tied to the needs for strong corporate earnings.

Analysts warn that persistently high inflation could disrupt current market conditions, especially if interest rates remain elevated.

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