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US warns of Chinese nuclear breakthrough

China is on the verge of making a breakthrough in its nuclear arms capabilities that would amount to a major shift in global security balance, Admiral Charles Richard, the head of the US Strategic Command, has written in testimony prepared for a hearing on Capitol Hill, Bloomberg reported on Monday. The …

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Top Wall Street banker warns of US economy risks

The combination of inflation, the conflict in Ukraine and Russia sanctions may “dramatically increase risks ahead” for the United States, JPMorgan’s Chief Executive Jamie Dimon said in his annual letter to shareholders on Monday. He has warned of unpredictable consequences for the nation’s economy. According to Dimon, the outbreak of …

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Bank of England warns of energy-price shock

The shock to incomes in Britain from rising energy prices will be bigger than in the 1970s, the Bank of England warned this week. British consumers and businesses are expected to come under severe pressure from the cost of living increase as the economy’s growth slows down. According to the …

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US central bank warns of housing bubble

The Federal Reserve Bank’s Dallas branch has warned of a “brewing US housing bubble,” saying that prices have surged beyond levels justified by market fundamentals, creating risk of a market collapse. “There is growing concern that US house prices are again becoming unhinged from fundamentals,” Fed economists said in a …

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China ‘eating US’ lunch’ in Latin America, senator warns

Latin American nations have been distancing themselves from their neighbor to the north and joining China’s Belt and Road Initiative, US senators discussed on Thursday during a Senate Foreign Relations subcommittee hearing. The senators spoke of the looming threat of Chinese influence in Latin America – a region which was …

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Minister warns of ‘new Maidan’ in Europe

Serbia is holding presidential, parliamentary and local elections on April 3. Interior Minister Aleksandar Vulin has stated that the country’s pro-western political parties will challenge the vote results and try to organize a ‘Maidan’. The 2014 violent unrest in Ukraine, known as the ‘Maidan Revolution’, ousted President Viktor Yanukovych.  “Immediately …

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US warns India not to help Russia undermine dollar

A top US national security official has called on India to scale back its economic and military ties with Russia, warning of “consequences” for any nation that helps Moscow avoid a recent wave of Western sanctions.  Speaking to reporters after meeting with Indian officials on Thursday, Washington’s deputy national security …

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