Aerial view of a bridge spanning river.

    Trade workers face China watch | Daily NK

    An aerial view of downtown Sinuiju taken from the Chinese side of the border. (Wikimedia Commons) North Korean trade workers in China are facing tighter surveillance as Pyongyang and Beijing look to expand trade following a recent summit between the two countries, a source told Daily NK on Friday. The crackdown appears aimed at heading…

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    Fig. 1. The US Dollar Index and the Fed’s policy rate.

      The Pound: A More Challenging Task for the BoE

      The BoE-Fed policy divergence is dragging GBPUSD lower. A weaker pound is a pro-inflationary factor for the UK. The US dollar recorded its best daily performance since early March, thanks to a hawkish surprise from the Fed. Nine FOMC members indicated in their forecasts that one or more federal funds rate hikes would occur in…

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        American companies have been ‘hollowed out’ by the Red Dragon

        Photo by Patrick T. Fallon/AFP via Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Palmer Luckey, the billionaire founder of defense technology company Anduril Industries and Oculus VR, is sounding the alarm on America’s dependence on China — and his warning goes far beyond cheap…

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