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Control Without Ownership: How China’s Party-Business Networks Dominate Indonesia’s Mineral Supply Chains
warontherocks20d ago

Control Without Ownership: How China’s Party-Business Networks Dominate Indonesia’s Mineral Supply Chains

In 2024, when Jiangsu Delong, the world’s second-largest stainless-steel producer, filed for bankruptcy, several Chinese firms and state-owned enterprises quietly absorbed its Indonesian assets. Among them was China First Heavy Industries, a state-owned enterprise founded in 1954 as one of China’s early Soviet-backed industrial projects. Today, China First Heavy Industries supplies military-grade metals to China’s military, including reactor vessels for nuclear submarines. For a manufacturer embedded deeply in China’s naval industrial base, securing nickel feedstock for specialty steels is crucial.The episode reveals China’s strategy for critical minerals: Incentivizing access to upstream assets for Chinese firms reduces the risk of supply The post Control Without Ownership: How China’s Party-Business Networks Dominate Indonesia’s Mineral Supply Chains appeared first on War on the Rocks .

#ECONOMY
West Asia crisis pushes India towards coal gasification for security
newsable_asianetnews20d ago

West Asia crisis pushes India towards coal gasification for security

The West Asia crisis has exposed India's import dependence, accelerating its push for coal gasification. Coal Secretary Vikram Dev Dutt said this move is crucial for energy security, industrial self-reliance, and shielding the economy from shocks.

#ECONOMY
BNPL’s Biggest Opportunity May Be Its Least Likely User
pymnts20d ago

BNPL’s Biggest Opportunity May Be Its Least Likely User

Buy now, pay later is one of the most accessible financial tools available to American consumers today. It requires no minimum credit score for standard products, typically involves a soft credit pull that doesn’t affect a consumer’s credit score, takes seconds to apply for at checkout and lets shoppers split purchases into interest-free installments, typically [...] The post BNPL’s Biggest Opportunity May Be Its Least Likely User appeared first on PYMNTS.com .

#ECONOMY
Run your own Bitcoin mining “lottery” from your desk with this $60 plug-in miner
pcworld_us20d ago

Run your own Bitcoin mining “lottery” from your desk with this $60 plug-in miner

TL;DR: For $59.99 (MSRP $149.99), you can get a plug-and-play Bitcoin “ticket miner” that gives you a small but real chance at solo-mining a full block reward. Most low-cost crypto products are just noise — but the BlockChanceTM Bitcoin Ticket Miner sits in a very different category. Now available for $59.99 with free shipping, this compact, plug-and-play device reframes Bitcoin mining as more of a digital lottery with real network participation. Instead of requiring massive rigs or technical setup, it offers an accessible way to take part in solo-mining attempts where even a small device can, in rare cases, land a full block reward. Instead of needing a warehouse, liquid cooling, or enough power to light a stadium, BlockChanceTM runs quietly on your desk and sips electricity like a nightlight. Yet it still pushes 1,000 KH/s — about 18 times more hashing power than typical ticket miners—meaning you’re submitting way more “tickets” every day. The experience is refreshingly simple: plug it in, connect to WiFi, and watch the built-in 2.8′′ touchscreen track your hashrate, submissions, and probability stats in real time. No PC required. No loud fans. No technical setup. Is it guaranteed income? Absolutely not. But for Bitcoin fans, tinkerers, and people who love the thrill of possibility, BlockChanceTM is a fun, low-cost way to join the solo-mining world. Get this BlockChanceTM Bitcoin Ticket Miner on sale for $59.99 (MSRP $149.99) with free shipping while you can. BlockChanceTM Bitcoin Ticket Miner See Deal StackSocial prices subject to change.

#CRYPTO
newsfilecorp20d ago

Sequans Completes Full Redemption of Convertible Debt, Reestablishes Pure-Play Focus on IoT Semiconductor Growth

Paris, France--(Newsfile Corp. - May 28, 2026) - Sequans Communications S.A. (NYSE: SQNS) ("Sequans" or the "Company"), a leading provider of 5G/4G cellular IoT semiconductor solutions, today announced the completion of the redemption of all remaining convertible debt issued in July 2025 funded through the sale of a portion of the Company's Bitcoin holdings. The Company now holds approximately 658 Bitcoin, all of which are unrestricted. Transaction Overview:

#CRYPTO
globenewswire20d ago

Futu Announces First Quarter 2026 Unaudited Financial Results

HONG KONG, May 28, 2026 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the first quarter ended March 31, 2026.

#STOCKS
newsfilecorp20d ago

LongPoint Adds to Its Family of Double Leveraged Single Stock ETFs

Toronto, Ontario--(Newsfile Corp. - May 28, 2026) - LongPoint Asset Management Inc. ("LongPoint") is proud to announce the launch of three new Savvy Double Leveraged Single Stock ETFs on the Toronto Stock Exchange (the "TSX"). The SavvyLong (2X) HOOD ETF ("RBN

#STOCKS