China leads in race for digital currency

Imagine going to the bank to take out cash, except without going to the bank and without the cash. If the Chinese central bank’s plan for a digital yuan succeeds, the future could look something like that for everyone.

COVID-19 Infected President Trump Returns To White House

Symbolizing his eagerness to open up America despite the coronavirus outbreak, President Donald Trump returned to the White House Monday night after leaving the military hospital where he was treated for COVID-19.

Israel has not ruled out pre-emptive strike on Iran

Israeli Minister Benjamin Netanyahu said Tuesday that Israel is not ruling out a preliminary strike against Iran, the Jerusalem Post reports. The PM made his statement during a memorial service for those who died in the Yom Kippur War, when Arab states led by Syrian and Egyptian armies ambushed Israel in a surprise attack on October 8th 1973. At the time of the strike which led to war, Israel had been observing Yom Kippur, the most solemn and holy day in the Jewish calendar, and a time when the country comes to a standstill.

Analysts consider whether Saudi Arabia will follow UAE and Bahrain in normalizing ties with Israel

In light of Bahrain’s recent decision to join the United Arab Emirates in normalizing relations with Israel, analysts have been considering whether Saudi Arabia, the Arab world’s largest economy, is likely to follow suit, Ynet News reports. Analysts say Bahrain was unlikely to normalize its Israel relations without the private endorsement of Saudi Arabia, because Riyadh sent troops to support Bahrain’s ruling family during the Arab Spring of 2011 and pledged to give the country $10 billion in financial aid in 2018.

Trump raises idea of decoupling U.S. economy from China

U.S. President Donald Trump on Monday raised the idea of separating the U.S. and Chinese economies, also known as decoupling, suggesting the U.S. would not lose money if the two countries no longer did business.

EU Accuses Britain Of Torpedoing Brexit Deal

European Union leaders have accused Britain of throwing political grenades across the channel by threatening to undermine its divorce deal with the EU. The so-called Brexit Withdrawal Agreement was signed last year to allow Britain’s orderly exit from the bloc.

FBI warns corporations about Chinese theft

Chinese technology theft costs the American economy $225 billion to $600 billion annually in stolen trade secrets, pirated software and counterfeit goods, according to a new FBI report.

German economy plunges by record 9.7%

The German economy, Europe’s largest, contracted by a record 9.7% in the second quarter as consumer spending, company investments and exports saw a steep decline due to the coronavirus pandemic.

Worthy Christian News