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China aims to revolutionize energy production with its ambitious space solar power station project. The China Academy of Space Technology recently unveiled plans for this groundbreaking initiative.
The project seeks to harness solar energy in orbit and beam it back to Earth. Chinese scientists envision a solar power station orbiting 36,000
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Read more: China’s 1,000-Tonne Space Solar Station to Beam Energy to Earth
Write comment (93 Comments)A5X, Brazil’s new derivatives and futures exchange, has secured five international shareholders. IMC Trading, Jump Trading Group, Optiver, XTX Markets, and ABN Amro Clearing have joined the venture.
These companies, except ABN Amro, are key market makers in derivatives. The new Exchange was founded by former XP executives and is located in São
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Read more: New Brazilian Exchange A5X Gains Major International Shareholders
Write comment (99 Comments)The Chinese yuan hit its weakest level since September 2023, falling 0.1% to 7.33 per dollar on Wednesday. This decline occurred despite the People’s Bank of China’s efforts to maintain a stable fixed rate ahead of Donald Trump’s inauguration on January 20th.
The yuan’s depreciation reflects growing fears about potential U.S. tariffs on Chinese g
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Read more: Yuan Plummets to 16-Month Low Amid Trade Policy Concerns
Write comment (97 Comments)Justin Trudeau’s decision to step down as Canada’s Prime Minister has sent ripples through international politics, potentially impacting Brazilian President Luiz Inácio Lula da Silva’s global agenda.
This development is seen as a possible setback for Lula’s progressive and climate-focused initiatives. Trudeau’s departure may weaken support for env
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Read more: Trudeau’s Exit: A Blow to Lula’s Progressive Agenda on Global Stage
Write comment (97 Comments)Cryptocurrency analyst Cauê Oliveira of Blocktrends reports that Bitcoin whales have accumulated over 34,000 BTC since late December.
This massive buying spree, worth approximately $3.2 billion, follows a significant price correction in December 2024. The accumulation suggests renewed confidence in Bitcoin’s long-term prospects among institutional i
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Read more: Bitcoin Whales Gobble Up 34,000 BTC After December Dip, Signaling Market Confidence
Write comment (91 Comments)Nvidia, the AI chip giant valued at $3.44 trillion, unveiled groundbreaking technologies at CES 2025, yet its stock dropped 6.2% the following day.
This unexpected market reaction highlights the complex dynamics at play in the rapidly evolving AI industry. CEO Jensen Huang showcased Nvidia’s latest advancements, highlighting the Cosmos AI platform f
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Read more: Nvidia’s A.I. Dominance Faces Market Skepticism Despite CES 2025 Innovations
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