Lukas Tassanyi

Lukas is a political & economical Journalist.

China Installs New Premier: Li Qiang

Li Qiang is taking over as China’s premier, the second highest ranking position in China’s political system. In his new role he will monitor all branches of the Chinese government.

Tech Companies Freeze Hiring and Lay Off Workers

Amazon is freezing its hiring while Lyft is laying off 700 workers, accounting for 13% of its employees. The news add to concerns that the tech labor market is cooling as the Federal Reserve continues slowing down the global economy.

Putin Calls West Arrogant, Promotes Unity And Globalism

Putin sought to promote “unity of humankind”, globalism and economic integration.

He characterized the West’s approach to the rest of the world as “be like us, do like us”. In his eyes the West in its arrogance considers non-Western states below itself.

Traders Are Getting Tired Of Being Bearish

Option prices betting on a further 10% decline in stock market valuations are at their lows since 2017. This suggests that investors are betting that further downside movements are increasingly unlikely.