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Huawei executive, Meng Wanzhou, is released after agreeing to a deal in a Brooklyn court hearing. Meng Wangzhou, chief financial officer of Huawei Technologies, admitted to wrongdoing in a fraud case. The Biden administration acted to remove a friction point with China, and China released 2 Canadians held by China since 2018, following Meng's release.

Meng is daughter of Huawei founder Ren Zhengfei. She was arrested at Vancouver International Airport in December 2018 at the request of the United States. The US Justice Department during the Trump administration had accused Meng and Huawei of a decade long effort to steal trade secrets, and evade Iran sanctions. In retaliation China arrested 2 Canadians who were released after Meng's release, after a long period in detention.

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Oil prices and the US war with Iran -Straits of Hormuz how much of it remains open, European supplies, and drop in production in Gulf region, how these risks are managed will have an impact on inflation. Inflation could end up at 2.9% instead of 2% says Greg Ip. Gep Ip does not take into acocunt new flexible oil policy under which India gets a waiver to buy oil supplies from Russia, China sources more of its supplies from Russia to make up for the supplies lost from the Middle East. Russia steps in for a temporary period to keep oil prices lower. US ramps up Venezuelan and its own oil production to meet the needs of other countries such as Japan and S. Korea, Indonesia, Vietnam, and Europe. Conservation measures are enacted to reduce oil use for the same level of GDP as taken in Japan and Germany.

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German chancellor Merz says the old order is unraveling. He says -

"We have entered an era of great power politics," Merz said. "The new world of the great powers is founded upon power, strength and when necessary, force. It is not a cozy place."    

The German chancellor says Russia's invasion on Ukraine is the beginning of a "new era, but change runs much deeper."

"China, with strategic foresight, has worked its way into the ranks of the great powers," Merz says. He said Washington is reacting to these challenges from these other "great powers" by radically reshaping its foreign and security policy."

"Europe [and its] like-minded partners must stand closer together. European countries must do more to make their economies competitive and to invest massively in our ability to defend ourselves."

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German response to Greenland tariff is muted- "appropriate response at appropriate time" realizing that Denmark and Nordic countries not Poland, Austria, Hungary, Russia, China, and other countries are concerned about Greenland, and after action by Denmark's government that "is going nowhere" in the words of DJT.  Denmark has misrepresented the facts and US history in relation to Greenland's exploration by US Navy and Adm. Perry in 1890's is ignored, Denmarks colonial power history is left out which is how it acquired Greenland in 1813 in Treaty of Kiel with Sweden in exchange of territory during Napoleonic Wars. Much of this can easily be researched and it is baffling that the Danish socialist party government is bringing NATO into this as it has to do with security of the eastern seaboard of the US, a concern since the early days of the founding of the Republic of the US since 1820's.

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Modi BJP Win in West Bengal 2026- full speech on the future of Bengal, India, Indian democracy, India's modernization - May 4, 2026. For the first time most of India is now being led by state and federal governments that are aligned for rapid modernization, rapid development of infrastructure, industry and the economy. Madras, Bombay, Ahmedabad, Jaipur, Vizag, Kolkata, Bhubaneshwar, Delhi, Noida, Bhopal, Dehra Dun, Srinagar,most of India's cities and urban areas, and the rural heartland of India all aligned for accelerated development under a Master Plan for the economy for the next two decades. This will close the gap with China to make India the third largest economy in the world, and a key support for the United States and the European Union. Seen through this lens many of todays reports and concerns fade into significance. The US and the European Union are not alone- they have the support of 2 billion people of India, and Indonesia and adjoining regions.

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A new wave of investments from China with focus on taking minority stakes in companies to avoid any suggestion of political motives and initated in this case by a Chinese company not its sovereign wealth fund. It was also done in association with Alcoa to further enhance its appearnace as a commerically motivated transaction.