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Fed Chair Defends Federal Reserve Independence Ahead of Departure

Key Points: Jerome Powell plans to leave his role at the Federal Reserve only when he feels the timing is right. The Fed Chair expressed deep concern over ongoing legal attacks targeting the central bank. Powell emphasized that shielding monetary policy from political pressure remains vital for the American economy. He clarified that standard verbal complaints from politicians did not influence his decision to step...

China Discovers 13 Massive Oil Fields to Secure National Energy Future

Key Points: China discovered 13 huge oil fields, each with more than 100 million tonnes of reserves, over the last five years. Energy companies poured almost 450 billion yuan into oil and gas exploration between 2021 and 2025. The nation now holds the number-one global rank for 14 essential minerals, including rare earths and tungsten. Private capital drove this boom, making up over 85% of...

Bank of Italy Warns Smaller Lenders About Risky Online Deposits

Key Points: Smaller Italian banks raised 11.5 billion euros through cross-border digital deposit platforms by December 2025. The Bank of Italy warned that these quick-withdrawal accounts pose dangerous liquidity and money-laundering risks. Regulators fear a repeat of the 2023 Silicon Valley Bank collapse, where customers pulled funds with a single click. Just five smaller banking institutions account for 75 percent of this highly volatile online...