Theme Regulation

As the global economy attempts to stabilize after years of uncertainty, American public debt is drawing renewed attention. Indeed, with a level reaching 125% of GDP in 2024 and a growing budget deficit, this issue concerns international institutions, particularly the European Central Bank (ECB). Thus, recent statements from its Vice President, Luis de Guindos, emphasize the urgency of the situation and its potential repercussions on the eurozone.

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In a rapidly changing multipolar world, the strategies of major powers shape economic and political balances. Analyst Boris Mezhuyev, during a debate in Moscow, revealed a potential axis of Donald Trump's future foreign policy: directly targeting the BRICS. This strategic repositioning could profoundly redefine global alliances and impact key sectors, including finance and cryptocurrencies.

Gary Gensler, the current chairman of the SEC, has just thrown a stone into the pond as he hints at a possible departure. This announcement resonates like an earthquake in the crypto world. Indeed, his term has been marked by a strict and controversial approach to regulating these assets, with increased oversight and the application of sanctions against certain players in the sector. The announcement of this possible departure comes in a tense political context, as Donald Trump, currently re-elected, has expressed his firm intention to remove Gensler from office upon his return to the White House.

U.S. inflation, which had shown signs of easing in recent months, is on the rise again, bringing the issue of the cost of living back to the forefront of national concerns. In October, the inflation rate reached 2.6%, up from 2.4% in September, marking a turnaround in the relentless fight to stabilize prices. This resurgence of inflation comes against a backdrop of fragile economic conditions, where every change in price indices is scrutinized for its potential impact on purchasing power, monetary policy, and the political landscape.

At a time when the dollar reigns supreme in global trade, the BRICS alliance seemed determined to shake up this established order. For several months, this economic bloc had been exploring the possibility of freeing itself from the dollar and even creating a common currency to facilitate their exchanges. However, the project for a single currency has now been abandoned, a decision that marks a significant setback for the BRICS in their quest for monetary sovereignty and in their desire to challenge American dominance.

Donald Trump's election to a second term as President of the United States could redefine the balance of power between Europe and its traditional ally across the Atlantic. In the face of this political upheaval, European leaders are confronted with critical questions about the future of their security, their strategic autonomy, and their economic partnership with the United States. As Europe is already weakened by internal tensions, Trump's return rekindles fears of an American disengagement in defense matters, as well as the threat of a trade war.

In a new escalation of international trade tensions, China has officially filed a complaint against the European Union with the World Trade Organization (WTO). This action follows the EU's decision to impose significant tariffs, ranging from 8% to 35%, on electric vehicles imported from China. According to the European Union, these taxes aim to correct what is deemed unfair competition due to Chinese state subsidies. In response to this measure, China retaliates and denounces an infringement on free trade principles. This conflict arises as both economic powers attempt to position themselves as global leaders in ecological transition and technological innovation.

The introduction of the digital euro is causing a major confrontation between the European Central Bank and the EU member states. At the heart of this battle is the control of a new monetary instrument that could disrupt the balance of financial power in Europe. Nine countries, including France and Germany, are already openly opposing Frankfurt's ambitions.

As the G7 considers tapping into frozen Russian assets to support a massive loan to Ukraine, the Kremlin does not hide its concern. Through warnings from its senior officials, Russia warns of consequences that could weaken the supremacy of the dollar and redefine international monetary balances.

The global geopolitical landscape is undergoing significant changes, and the BRICS, this group of emerging powers, is at the heart of this reorganization. As economic and political tensions with the West intensify, more than thirty nations have expressed their willingness to join this alliance at the annual summit currently taking place in Kazan from October 22 to 24, 2024. In the face of Western hegemony, the BRICS aim to reshape the balance of power and free themselves from the dominance of the dollar in international trade.

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As the United States approaches a pivotal presidential election, the budget deficit for the 2024 fiscal year has reached new highs, raising concerns about the viability of the public finances of the world's leading power. Indeed, with debt continuing to grow despite rising tax revenues, discussions around budget management have become central to the political debate.

As governments seek to maintain control over their finances and close ever-growing budget deficits, a new enemy seems to be rising in their path: Bitcoin. The crypto, with its limited supply and decentralized nature, disrupts traditional economic models and forces some actors to consider radical measures. It is in this context that the Federal Reserve Bank of Minneapolis has newly published an explosive report suggesting that to maintain ongoing deficits, governments should either tax or outright ban Bitcoin. Such a shocking statement comes as the United States struggles to contain its national debt, which is reaching record levels, and as regulation of cryptocurrencies becomes a sensitive topic.

As the global economy continues to recover from successive crises, a new announcement from the IMF reveals a mixed trend: global public debt will reach 100 trillion dollars by the end of 2024. This staggering amount, equivalent to 93% of global GDP, represents a critical point in the budgetary management of states. The world now finds itself at a crossroads where managing this colossal debt has become more crucial than ever.

Wecan continues to evolve and strengthen its ecosystem. In 2024, the partnership with WIZE, a Swiss leader in wealth management software, marks a crucial step in simplifying compliance processes for asset managers and banks. This collaboration illustrates Wecan's commitment to building a digital environment that addresses the contemporary challenges of the financial industry.

The Taiwan Strait is once again boiling, and tensions between China and Taiwan are reaching a critical threshold. At the beginning of this week, Beijing intensified its show of military force by deploying fighter jets and warships all around the island, in what is described as a direct warning to Taiwanese "separatists." This surge in tension comes in a context where relations between Beijing and Taipei have continued to deteriorate since Lai Ching-te came to power in 2024, raising fears of an escalation with unpredictable consequences.

The upcoming BRICS summit, which will take place in Kazan, Russia from October 22 to 24, appears to be a key milestone in the ongoing international reshaping. By bringing together several rising powers and strategic partners at the same table, this summit aims to strengthen the bloc's influence on global economic, political, and diplomatic issues. The presence of Antonio Guterres, Secretary-General of the United Nations, at the heart of these discussions is a strong sign of recognition of the growing importance of the BRICS. More than just a diplomatic trip, his participation reflects a desire for openness and the integration of this group into global governance.

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Despite increasing economic sanctions, Russia continues to find creative ways to circumvent Western bans. According to the CERA report, the Russian Federation sold nearly 2 billion dollars worth of oil to Western countries through intermediaries. This figure illustrates the ingenuity with which the Kremlin keeps its economy afloat despite the restrictions.

The new Western sanctions against Russia continue to expand their influence. This time, it is the Moscow-Ankara axis that is bearing the consequences. With billions of dollars in trade settlements at stake, the repercussions on exchanges between Russia and Turkey could be profound and lasting. In a context where Turkish banks are now under increased scrutiny from the United States, the future of transactions between these two economic giants is uncertain.

France has made an unexpected request to the European Commission as Europe seeks to maintain post-pandemic budgetary balance. Indeed, it is asking for an extension of the deadline for submitting its public deficit reduction plan. The aim behind this request is to enable it to align this plan with the finance law for the year 2025. With a colossal public debt, France is far beyond the thresholds set by the EU. This request therefore threatens the economic stability of the euro area, as well as that of the crypto market.

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Turkey, a key member of NATO, has just shaken the global geopolitical order with a surprising request to join the BRICS bloc, an economic and political alliance dominated by Russia and China. This initiative represents a decisive step in Ankara's diplomatic strategy, traditionally anchored in strong Western alliances. Turkish President Recep Tayyip Erdoğan appears determined to redefine his country's position on the international chessboard, seeking to establish partnerships beyond its historical alliances with the West. This development comes at a time when geopolitical tensions are high, challenging the balance of power between East and West.

The announcement of Palestine's intention to join the BRICS is a significant step in international relations in the Middle East. This Palestinian initiative adds a new dynamic to global economic and political alliances. Palestine's potential participation in this influential group represents a search for new economic partners. It is also a bold attempt to reposition itself on the global chessboard.

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Facing Western sanctions, Russia is accelerating its crypto adoption with bold initiatives. Two new exchange platforms are set to emerge soon in Moscow and St. Petersburg, aimed at supporting the country's foreign economic activity and strengthening its financial resilience.

The economic standoff between the European Union and China is intensifying. This situation outlines the contours of a potential trade war that could reshape the global economic landscape. The recent decision by the EU to impose tariffs of up to 36.3% on Chinese electric vehicles is not just a protectionist gesture. It marks a strategic turning point in the battle for control of the global renewable energy market. In response, Beijing quickly retaliated through an anti-subsidy investigation into European dairy products. These retaliatory measures illustrate a rise in tensions that goes far beyond mere trade disputes, raising many questions about the future of Sino-European relations.