It is the 17th of September 2019

News

After Losing Millions To Nigerian Scammers, A Bankrupt Boris Becker Is Liquidating His Assets

It has already been one of the most remarkable rags to riches and then back to rags - with a bankruptcy on top - stories ever, and it is getting more bizarre by the day.

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Economists Puzzled By Unexpected Plunge In Saudi Foreign Reserves

The stabilization of oil prices in the $50-60/bbl range was meant to have one particular, material impact on Saudi finances: it was expected to stem the accelerating bleeding of Saudi Arabian reserves. However, according to the latest data from Saudi Arabia’s central bank, aka the Saudi Arabian Monetary Authority, that has not happened and net foreign assets inexplicably tumbled below $500 billion in April for the first time since 2011 even after accounting for the $9 billion raised from the Kingdom's first international sale of Islamic bonds.

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Economists Puzzled By Unexpected Plunge In Saudi Foreign Reserves

The stabilization of oil prices in the $50-60/bbl range was meant to have one particular, material impact on Saudi finances: it was expected to stem the accelerating bleeding of Saudi Arabian reserves. However, according to the latest data from Saudi Arabia’s central bank, aka the Saudi Arabian Monetary Authority, that has not happened and net foreign assets inexplicably tumbled below $500 billion in April for the first time since 2011 even after accounting for the $9 billion raised from the Kingdom's first international sale of Islamic bonds.

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Elon Musk Launches Company To Hook Up People To Computers

In case revolutionizing the transportation and energy industries while colonizing Mars wasn't enough of a challenge for Elon Musk (or perhaps taxpayer subsidies for Musk's ventures in those fields have dried up) in his latest venture the billionaire entrepreneur now "wants to merge computers with human brains to help people keep up with machines." Specifically, the WSJ has uncovered that Musk has launched another company called Neuralink, which is pursuing what Musk calls “neural lace” technology, which is shorthand for a brain-computer interface and consists of implanting tiny brain electrodes that will one day be able upload and download thoughts.

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Louvre Terror Attack Suspect Identified As 29-Year-Old Egyptian-Born UAE Resident

Following up on this morning latest terrorist attack in Paris, in which a terrorist suspect attacked soldiers with a machete near the Louvre art gallery in Paris, Reuters reports that according to a French prosecutor, the assailant has been identified as Abdullah Reda al-Hamamy, a 29-year-old Egyptian born in Dakahlia, a province northeast of Cairo, who was living in the United Arab Emirates.

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