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South Korean singer PSY, the author of the song "Gangnam Style," released a new song "That That" with Suga, a member of the group BTS. You can watch the sequel on my friend 𝐅𝐨𝐥𝐥𝐨𝐰 𝐔𝐒's new channel. Telegram has a media outlet called 𝐅𝐨𝐥𝐥𝐨𝐰 𝐔𝐒 that shares videos from around YouTube that are worth watching. They also cover bloggers' opinions and write objectively about social media.  In short, a masthead for video content consumers. Subscribe to 𝐅𝐨𝐥𝐥𝐨𝐰 𝐔𝐒

📣 Rising fertilizer prices hurt Asian farmers • Soaring fertilizer prices are forcing rice growers across Asia to reduce their use. This move could lead to a full-blown food crisis if the situation in the fertilizer market does not stabilize. • The International Rice Research Institute predicts yields could drop by 10% next season. This will result in the loss of 36 million tons of rice, equivalent to the consumption of 500 million people. • Nguyen Binh Phong, owner of a fertilizer and pesticide shop in Vietnam's Kien Giang province, says farmers have cut their fertilizer use by 10-20% due to soaring prices. This will cause the price of rice to rise against its decline in 2021. #BlazeNews

​📣 The risks of prolonged stagflation in the UK are growing due to high inflation, - FT • Last week, official data showed that consumer prices rose at an annual rate of 7% in March, the fastest pace since 1992. At the same time, economists suggest that price growth will exceed 8% in the second quarter. • By contrast, gross domestic product growth slowed to just 0.1% in February, while inflation-adjusted real wages fell by 1%. • "The figures 'highlight the risk of stagflation for the UK economy'," said Paul Hollingsworth, an economist at consultancy BNP Paribas. • Last month, the Office of Accountability, the UK's financial regulator, predicted that this year would see the biggest decline in real household income since registration began in the 1950s. #BlazeNews

​🧐Divergence between US and European stock markets What a huge divergence happened between the US and European stock markets (in the face of their main S&P and Stoxx indices). Starting from the end of the 2000s, after the end of the 2008-09 crisis, America went into the lead. And that's even taking into account the fact that the graph excluded the global technology giants that were in the lead in the US market in order to make the comparison more representative. Most investors looking at a chart like this would invest in US stocks, not European stocks. Which will further increase the gap. #BlazeInteresting

​🤔The accumulation of merchant ships off the coast of China due to the lockdown in ports. This map from Bloomberg clearly shows a large concentration of bulk carriers off the coast of China. Especially next to Shanghai, which has been immersed in strict coronavirus isolation for three weeks now. Supply chains from China are likely to fall into chaos again. #BlazeNews

​📣 The largest theft of cryptocurrency was carried out by North Korean hackers - FBI • We are talking about the hacking of the Ronin Network, which occurred on March 23rd. The company itself discovered traces of hacking only on March 29. The attackers managed to steal 173.6 thousand ETH coins and 25.5 USDC stablecoins from the project wallets. • In total, hackers stole about $625 million, which was the largest theft of cryptocurrency in history. The previous record was set by a hacker who hacked the Poly Network platform in August 2021. #BlazeNews

📣 Mercedes-Benz AG electric car traveled over 1,000 kilometers from Germany to the French Riviera on a single charge • The EQXX prototype traveled from Sindelfingen near Stuttgart through Switzerland and Italy to the coastal Mediterranean city of Cassis, the automaker said on Thursday. • Mercedes plans to spend 60 billion euros by 2026 to fend off Tesla and reclaim its title as the world's best-selling luxury car maker. #BlazeNews

📣 Blackrock expects Fed rate hike to 3% in 2023 • Strategists at Blackrock, the world's largest asset manager, believe the Fed will raise rates to around 3% next year. They also noted that if policies are tightened in 2021 and inflation is brought to the 2% target, US unemployment could reach 10%. • Blackrock also said it sees a neutral rate around 2%-2.5%. This forecast is based on a slowdown in inflation and its closeness to its peak. #BlazeNews

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📣 US retail sales grow at a slower pace compared to the beginning of the year - WSJ • Consumers in the states are facing high energy prices and the economic impact of the conflict in Ukraine. Rising gasoline costs contribute to a decrease in demand in online stores, furniture and electronics. • However, the Department of Commerce report says that consumers are ready to buy actively amid the retreat of COVID-19, namely the omicron. Spending on restaurants and bars, for example, rose 2.5%, the fastest increase since May last year. #BlazeNews