Deutsche Bank warns rising inflation could lead to worldwide financial distress

Sharply contradicting the consensus on Wall Street, Deutsche Bank has warned that ongoing US Federal Reserve neglect of rising inflation in favor of social goals could leave global economies “sitting on a time bomb,” and cause worldwide financial distress, CNBC reports. The Bank’s forecast goes against the view of most Wall Street economists that current inflation pressures are temporary and will subside as pandemic-related conditions are resolved.

Biden revokes Trump executive orders against Chinese apps TikTok, WeChat

President Biden on Wednesday moved to revoke former President Donald Trump’s executive orders aimed at cracking down on TikTok and WeChat, popular China-based social media apps that the Trump administration feared were collecting U.S. users’ data and could be used to spy on Americans.

Global Police Break International Crime Network

Global law enforcement agencies have busted an international crime network by monitoring encrypted phones used by criminals, officials announced Tuesday. The operation led to hundreds of arrests and drug and weapon seizures across 16 nations.

Global Outage Of Government, News Sites

Multiple websites ranging from government to news sites went offline briefly across the globe, underscoring broader concerns about vulnerabilities in online communications.

Russia Officially Pulls Out Of Open Skies Treaty

President Vladimir Putin has signed a law that formalizes Russia’s withdrawal from an international treaty allowing nations to collect information on one another’s military forces in order to increase transparency, following the departure from the accord by the United States late last year.

Pakistan Train Crash Kills Dozens

Two passenger trains collided Monday in southern Pakistan, killing at least 35 people and injuring dozens more, authorities say.

New Crisis? EU Claims Millions Die Of Pollution

As the European Union slowly emerges from coronavirus lockdowns, thousands of delegates gathered to tackle another perceived crisis: pollution. The EU Green Week 2021 included a virtual conference amid concerns that millions of people “prematurely die” because of pollution.

Worthy Christian News