✅The Solomon Islands’ decision to switch its diplomatic allegiance from Taiwan to Beijing has been blamed for arson and looting in the national capital Honiara, where protesters are demanding the prime minister’s resignation.
✅Solomon Islands is a sovereign country consisting of six major islands and over 900 smaller islands in Oceania, to the east of Papua New Guinea and northwest of Vanuatu.
✅The Solomon Islands are famous as a battleground of World War II, the pivotal Battle of Guadalcanal named after the country’s largest island where the restive capital Honiara is located.
✅The South Pacific nation of 700,000 people — mostly Melanesian but also Polynesian, Micronesian, Chinese and European — is, like neighboring Australia and New Zealand, a constitutional monarchy with Queen Elizabeth II the head of state.
✅The Solomon Islands’ decision to switch its diplomatic allegiance from Taiwan to Beijing has been blamed for arson and looting in the national capital Honiara, where protesters are demanding the prime minister’s resignation.
✅Solomon Islands is a sovereign country consisting of six major islands and over 900 smaller islands in Oceania, to the east of Papua New Guinea and northwest of Vanuatu.
✅The Solomon Islands are famous as a battleground of World War II, the pivotal Battle of Guadalcanal named after the country’s largest island where the restive capital Honiara is located.
✅The South Pacific nation of 700,000 people — mostly Melanesian but also Polynesian, Micronesian, Chinese and European — is, like neighboring Australia and New Zealand, a constitutional monarchy with Queen Elizabeth II the head of state.
Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
Dump Scam in Leaked Telegram Chat
A leaked Telegram discussion by 50 so-called crypto influencers has exposed the extraordinary steps they take in order to profit on the back off unsuspecting defi investors. According to a leaked screenshot of the chat, an elaborate plan to defraud defi investors using the worthless “$Few” tokens had been hatched. $Few tokens would be airdropped to some of the influencers who in turn promoted these to unsuspecting followers on Twitter.
