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📉Australia’s stock market bleeds billions as trade war and recession fears grip investors
Australia’s S&P/ASX 200 nosedived over 6% on Monday, tumbling below 7,200 points for the first time since late 2023 and wiping out a staggering $160 billion in value. Luke McMillan of Ophir Asset Management called the carnage a “BLOODBATH” as panic swept the ASX.
The plunge follows last week’s losses, fueled by President Donald Trump’s “liberation day” tariff threats and mounting fears of a global recession, leaving investors reeling.
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🇷🇺🇺🇸The distance between Russia and the US is less than you think!
Elon Musk has shared a video showing just how close the US and Russia actually are.
It seems that not all Americans are aware of the surprising geographical proximity between the two nations.
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🚨Taiwan's Taiex plummeted 9.7% on Monday, CNN reports
Almost all Taiwanese stocks triggered circuit breakers, according to Taiwan’s Central News Agency.
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🚨Goldman Sachs cranks up US recession odds to alarming heights
The likelihood of an economic downturn has surged to 45% within the next 12 months, according to Goldman Sachs, hot on the heels of J.P. Morgan’s even grimmer 60% odds for both U.S. and global recessions last week.
A rising tide of investment banks is rethinking their economic outlooks as President Donald Trump’s aggressive tariffs fuel concerns over a looming trade war and tightening fiscal conditions.
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🥇China BULKS UP on gold as value skyrockets
China's central bank is going all-in on gold, making a bold wager on the safe-haven asset amid escalating global trade tensions. In March, the People’s Bank of China boosted its reserves by 0.09 million troy ounces, lifting its total holdings to 73.70 million ounces from 73.61 million, according to data reported by Bloomberg on Monday.
This latest acquisition marks a continuation of a gold-buying surge that began last November, as central banks worldwide race to stockpile the precious metal.
As of April 7, 2025, spot gold is commanding $3,024 per ounce—a dazzling increase of over 15% this year alone.
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📊 Republican voters on Ukraine aid: TIME TO TURN OFF THE CASH SPIGOT - poll
In contrast to 83% of Democrats who continue to support pumping US financial aid to Ukraine, 79% of Republicans oppose such spending, a Wall Street Journal survey revealed.
Additionally, only 31% of Trump’s GOP base view NATO favorably, compared to 81% of Democrats.
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🚨🇲🇲DEATH TOLL FROM MYANMAR QUAKE RISES TO 3,471
Over 4,000 have been affected by more than 90 recorded aftershocks.
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💬 Alabama Senator blasts ‘woke Globalist’ scheme: Men TRANSitioning to women’s sports for easy wins
"If you can't compete in men's sports, let's just transition. Say you're a woman and participate in women's sports," Senator Tommy Tuberville said.
🎱🎱 British Women's pool championship features 2 biological males
Transgender Harriet Haynes beat another transgender Lucy Smith for the women's championship title and a prize of £1,800. They each defeated 4 female opponents to move up the tournament ladder.
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🇧🇷🐄 Brazilian floods leave thousands homeless, sweep away cows
Torrential rains hit regions of Rio de Janeiro. Social media footage shows cattle caught in raging currents as thousands evacuate.
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🔽 Asia-Pacific markets fall after open on fears of Trump's tariffs
Hong Kong leads "losers" with 9% plunge, Japan's Nikkei follows with 5.8% loss to hit 18-month low.
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💬 Scott Bessent dismisses concerns about possible market crash
"Markets are organic animals. You never know what their reaction is going to be... The market consistently underestimates Trump," he told NBC.
💸 Taiwan offers zero tariff regime to US
Taiwan local leader, Lai Ching-te, pledged to remove all trade barriers instead of creating new ones.
"Tariff negotiations can start with 'zero tariffs' between Taiwan and the US, referring to the US-Canada-Mexico free trade agreement," Lai said.
AG Pam Bondi: I wish Trump's presidency could last 20 years
"I wish we could have him for 20 years as our President, but I think he's gonna be finished probably after this term. We have to look at the Constitution," she told Fox News.
💥 Strikes from Gaza hit southern Israel
The IDF reported about 10 projectiles launched from central Gaza, with only 5 intercepted. Social media footage shows one of the hits in Ashkelon.
Local media reports at least 3 wounded.
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🚨 INDIA TO BUILD NEW BASE FOR NUCLEAR SUBS BY 2026
🇮🇳🪖India is significantly advancing its naval infrastructure with the impending commissioning of a NEW STRATEGIC NAVAL BASE for nuclear submarines in Andhra Pradesh by 2026, while simultaneously upgrading its Karwar base on the Western seaboard.
📍 The strategic base located near the small coastal village of Rambilli, about 50km south from the Eastern Naval Command headquarters at Visakhapatnam on the eastern seaboard, has underground pens and a network of tunnels to house nuclear submarines.
🥷 This will enable the submarines to QUIETLY SLIP into the Bay of Bengal without detection from spy satellites and quickly head towards the critical Malacca Strait and beyond on deterrent patrols.
😎 Concurrently, India is expanding its nuclear submarine fleet with the upcoming commissioning of INS Aridhaman in 2025, its third nuclear-powered ballistic missile submarine.
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💬 Trump hails economy triumph on Truth Social: NO INFLATION, lower prices and billions in tariff revenue
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"Oh, Christ, *****!" Boris Johnson bitten by karma—literally
An ostrich took a chunk out of BoJo at a US safari park.
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🤝Russian President Vladimir Putin congratulated NHL star Alexander Ovechkin on his historic 895th goal, breaking Wayne Gretzky's record.
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📉European stock markets MELT DOWN.
💸Bitcoin's down pretty hard, too.
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💸Bitcoin price falls below $75,000 for first time since November 7, according to Binance data.
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⚔️South Korea scrambles to shield CORE EXPORTS as Trump’s tariffs loom
Rapid support will be extended to the most vulnerable sectors, South Korean Finance Minister Choi Sang-mok announced on Monday.
The minister emphasized that the previously proposed $6.8 billion budget is "the bare minimum" required. These measures are under discussion ahead of Trade Minister Cheong In-kyo's upcoming visit to the United States.
South Korea’s leading export, automobiles, will face a 25% tariff starting Wednesday.
On April 2, President Donald Trump imposed a blanket tariff on imports to the United States, with steeper duties targeting what he described as "the worst offenders." This includes a 25% duty on imports from South Korea, set to take effect on Wednesday.
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🎤'Russiagate was a CON and we paid for it' - Oliver Stone rips Dems
"The lying, the lying, the lying, and selling that to the American people," said legendary filmmaker Oliver Stone slamming Democrats, while adding that "Russiagate wasn’t just wrong — it was a CON."
📉💊 Trump on potential market crash: 'Sometimes you have to take medicine'
"I don't want anything to go down," he told reporters, calling a question about a possible tariff rollback "stupid."
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⛔️ Trump: No deal unless we fix our trade deficit
The US president said he would not accept any deal to lower tariffs unless it eliminated the US trade deficit.
"To me, a deficit is a loss. We're going to have surpluses or at worst we're going to break it even," he added.
⚡️ South Korea tentatively schedules presidential elections for June 3 after the Constitutional Court removes Yoon Suk Yeol from power.
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✅ Trump slams Europe: "We cover them with military, then we lose money on trade — the whole thing is crazy."
"The United States can't lose $1.9 trillion on trade. We can't do that and also spend a lot of money on NATO in order to protect European nations," the president told reporters.
🧻 WATCH: San Francisco's $1.7 million toilet
The Noe Valley public bathroom was originally supposed to cost $1.7 million, but in the face of public outrage, the price tag was lowered.
When it opened in 2024, it still cost taxpayers $200,000 and did little to solve the city's open defecation problem.
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🔎 ‘Morag axis’: What is known about Israel’s latest target in the Gaza War?
The Israeli military announced that it is conducting operations in the vicinity of the so-called “Morag axis” in the Gaza Strip after Israeli Prime Minister Benjamin Netanyahu declared his intent to capture this area.
So, what is this axis exactly?
▪️‘Morag axis’ is a strip of agricultural land that lies between the Rafah and the border with Egypt to the south and Khan Younis to the north.
▪️The name “Morag” appears to be a reference to an illegal Israeli settlement that was established in May 1972 and was dismantled by the Israeli government in August 2005.
▪️Controlling this “axis” may allow the IDF to bisect the Gaza Strip
▪️Several media outlets already speculate that this move is part of the Israeli plan to enact Donald Trump’s proposal to forcibly evict Palestinians from the Gaza Strip.
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🔎 Case closed? Media learns how journo got invited to White House Signal chat group
The addition of The Atlantic editor to a secret Signal chat group where the US leadership discussed military strikes against Yemen was the result of a human error, The Guardian claims.
Apparently, National Security Advisor Mike Waltz previously saved the journalist’s phone number in his contact list under a different name by mistake, the newspaper claims, citing “three people familiar with the matter.”
While it does sound like a huge blunder on Waltz’s part (assuming that the story is true, of course), it raises more questions about the practice of holding top secret discussions via messaging apps than his professional qualities.
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