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February 5, 2025

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Thailand cut electricity supplies on Wednesday to several areas in neighboring Myanmar that are home to sites at the center of a global, billion-dollar online scam industry.

As of Wednesday afternoon, at least one of the scam compounds was still operating, according to a local NGO in contact with workers inside one location. However, it’s unclear whether the cuts impacted other scam site operations in the area.

Online scam factories – many run by Chinese crime syndicates – have proliferated in Myanmar, which has been riven by a bloody civil war since the military seized power in 2021.

Often lured by the promise of well-paid jobs or other enticing opportunities, workers are routinely held against their will and forced to carry out online fraud schemes in heavily guarded compounds, where former detainees say beatings and torture are common.

On Wednesday, Thailand’s Interior Minister Anutin Charnvirakul toured a control station at the national electricity grid as staff pulled the plug on supplies to five locations across the border, in an event broadcast live on television.

Thailand “has stopped the electricity supply to Myanmar in five locations based on the decision of the National Security Council,” he told reporters.

“The electricity supply is not being stopped because the companies violated the contract, but because the electricity is being misused for scams, drugs and call centers,” he said.

One of those locations was in the town of Myawaddy, on the banks of a river that divides Thailand from Myanmar, and close to some of the largest scam compounds that NGOs say house thousands of workers. Several of the compounds lie near the border, where they can take advantage of more reliable electricity and telecoms services from Thailand.

Renewed focus on the sites came last month when a Chinese actor, having flown to Bangkok for what he thought was a movie casting call, was picked up at the airport and driven across the border into Myanmar and forced to work in a scam center there.

The scam compounds have operated for years, shielded by corruption and lawlessness that has long saturated Myanmar’s border regions — and only worsened after years of devastating civil war.

But Thailand has come under increased pressure to help curb the criminal activity and has held a series of high-profile meetings recently that suggest officials in Myanmar, Thailand and China may make stronger moves to crack down on the syndicates.

Thailand’s Prime Minister Paetongtarn Shinawatra is currently visiting Beijing, where she will meet Chinese leader Xi Jinping.

China’s Foreign Ministry said Wednesday that Beijing was “highly concerned” about recent incidents involving online scammers “at the Thailand-Myanmar border,” foreign ministry spokesperson Lin Jian said in a daily briefing.

Myawaddy alone is home to about 6,500 victims from 23 countries being held under duress in scam compounds, including about 4,500 Chinese nationals, according to an estimate from the Civil Society Network for Victim Assistance in Human Trafficking, a Thai NGO fighting against human trafficking.

Thailand has previously cut electricity supplies to scam sites near its border with Myanmar in recent years. However, it’s unclear if those prior cuts had any impact on operations.

In the event there were electricity cuts, compound bosses could switch to diesel-run generators for power, and Elon Musk’s Starlink – which is used elsewhere in Myanmar by various ethnic rebel groups – for internet connectivity.

‘Tonight you will see the lights’

Thailand’s cuts Wednesday also targeted Myanmar’s Three Pagodas Pass, which links southeastern Myanmar and western Thailand, prompting concerns among locals who worried how they would cope.

A resident of Thailand’s Mae Sot, which sits across the river from Myawaddy in Myanmar, said he doubted the power cuts would stop the scam centers.

“Tonight you will see the lights on in Shwe Kokko,” he said, referring to a notorious compound visible across the border.

The abduction of Chinese actor Wang Xing has brought renewed focus to the scams. Just days after he was reported missing in Mae Sot, Thai police said they located him in Myawaddy and brought him back to Thailand.

His subsequent safe return to China has spurred hundreds of Chinese families to call on their government to help to find and free their loved ones, who they believe are still trapped in the scam centers. Some have been missing for months or even years, their families say.

More than four years on from its coup, Myanmar’s military continues to fight multiple fronts across the country against powerful armed ethnic militias to hold onto power. More than 5,000 civilians have been killed and 3.3 million people displaced by the fighting, according to a United Nations report last September.

Amid the political turmoil, Myanmar has become a cyber scam hotspot, where fraud, cybercrime, human trafficking, money laundering and corruption have flourished, often with the tacit consent of the junta, experts say.

China previously worked with authorities in Myanmar to crack down on scam centers in northern Shan state, near the Chinese border. In 2023, as ethnic rebel groups gained ground against the junta, powerful warlord families – backed by the military to rule the region and oversee these fraud operations – were apprehended and handed to Chinese police.

Chinese authorities say more than 53,000 Chinese “suspects” – including trafficked victims – have been sent back to China from scam compounds in northern Myanmar.

But many scam centers have moved further south in Myanmar, including to Myawaddy, according to NGOs and experts who have long tracked these criminal operations.

This post appeared first on cnn.com

President Donald Trump and Israeli Prime Minister Benjamin Netanyahu addressed reporters at the White House Tuesday, during which the president laid out his plan for the US to “take over” Gaza, relocate Palestinians to neighboring countries, and redevelop the war-torn enclave into what he described as the “Riviera of the Middle East.”

Trump’s shocking comments break with decades of US foreign policy, which has long emphasized a two-state solution for Israel and Palestine, as well as the president’s past wariness over US intervention in the Middle East.

Here is what we know about Trump’s vision for Gaza – which is home to some two million Palestinians – including just how feasible such a proposal even is.

Trump said the US will ‘take over’ and ‘own’ Gaza long-term

“The US will take over the Gaza Strip and we will do a job with it too,” Trump said, unveiling what he called his “long-term ownership” and redevelopment plan for the enclave, much of which has been reduced to rubble after 15 months of war between Israel and Hamas.

Israeli airstrikes have damaged or destroyed around 60% of buildings, including schools and hospitals, and around 92% of homes, according to the United Nations.

“We’ll own it and be responsible for dismantling all of the dangerous unexploded bombs and other weapons on the site, level the site and get rid of the destroyed buildings,” Trump said Tuesday.

Trump did not rule out sending in US troops, saying “as far as Gaza is concerned, we’ll do what is necessary.”

It’s not clear how exactly Trump’s proposed land grab would work, and analysts have cast doubt on the feasibility of his plan.

Most of the two million people living in Gaza won’t want to leave, Sanner said, raising the question of whether they could be forcefully removed – which is prohibited under international law.

“That means that somebody, maybe the United States,” would have to step in – because “no Arab army is going to be carting people against their will out of their homeland,” Sanner said.

Trump’s vision for Gaza has no buy in from Palestinians

Trump’s plan flies in the face of the aspirations of Palestinians, who have long advocated for statehood and roundly dismissed Trump’s relocation proposal when he first floated it two weeks ago.

There are already about 5.9 million Palestinian refugees worldwide, most of them descendants of people who fled with the creation of Israel in 1948. Half of Gaza’s population were already refugees from outside the coastal strip. Approximately 90% of Gaza residents were displaced in the latest war, and many have been forced to move repeatedly, some more than 10 times, according to the UN.

Trump rejected the idea that displaced Palestinians would want to return to Gaza, describing it as a “symbol of death and destruction.”

“Why would they want to return? The place has been hell,” Trump said, ignoring a reporter who cried out: “Because it’s their home.”

Instead of Gaza, Trump suggested the Palestinians be provided a “good, fresh, beautiful piece of land” to live.

Tens of thousands of Palestinians walked for hours to return to their bombed-out homes in Gaza after a ceasefire came into force in late January.

A Hamas official called Trump’s plan a “recipe for creating chaos.”

“Our people in the Gaza Strip will not allow these plans to pass, and what is required is to end the occupation and aggression against our people, not expel them from their land,” spokesperson Sami Abu Zuhri said late Tuesday local time.

When asked whether he supports Israel’s claim to the occupied West Bank, which is home to more than three million Palestinians and coveted by far-right hardliners in Israel, Trump said “we haven’t taken a position on it yet” but said an announcement would be coming soon.

A shift would not be unprecedented. During his first term, Trump broke with decades of US foreign policy by recognizing Israeli sovereignty over the occupied Golan Heights. He also recognized Jerusalem as Israel’s capital, moving the US Embassy there.

Trump views Gaza as a real estate opportunity

The Israeli Palestinian conflict has been one of the Middle East’s most intractable problems. But Trump has portrayed it as a business opportunity.

The “potential in the Gaza Strip is unbelievable” and that it could become the “Riviera of the Middle East,” the real-estate investor turned president said.

“We have an opportunity to do something that could be phenomenal. And I don’t want to be cute, I don’t want to be a wise guy, but the Riviera of the Middle East, this could be something that could be so — this could be so magnificent,” Trump told reporters.

Asked who he envisions living in Gaza, Trump said, “I envision the world people living there. The world’s people. I think you’ll make that into an international, unbelievable place,” positing that some Palestinians might live there one day.

The president also said he plans to visit Gaza soon.

Last month, Trump praised Gaza as having a “phenomenal location, on the sea” and “the best weather,” echoing remarks made in 2024 by his son-in-law Jared Kushner, who called the waterfront property in Gaza “very valuable.”

Trump’s Special Envoy to the Middle East, Steve Witkoff, is also a real estate developer. Witkoff traveled to Gaza last week, becoming the first high-ranking US official known to visit the strip in years.

Trump’s proposal is welcome news for Israel’s far right

Israel’s far-right has long endorsed the idea of expelling Palestinians from Gaza and the West Bank, and lawmakers welcomed Trump’s comments about taking over the strip.

Jewish Power party leader Itamar Ben Gvir, who resigned as national security minister last month in protest over the Gaza ceasefire and hostage release deal, urged Netanyahu to adopt Trump’s plan in a statement to X Wednesday.

“Now it is clear: this is the only solution to the Gaza problem — this is the strategy for the ‘day after,’” he said.

While Israel’s government has previously rejected claims that it plans to force Palestinians out of Gaza, Netanyahu expressed support for Trump’s vision.

Pointing to Israel’s war objective of making sure Gaza does not pose a threat to it, Netanyahu said, “President Trump is taking it to a much higher level. He sees a different future for that piece of land that has been the focus of so much terrorism.”

The Israeli leader said Trump’s idea could “change history” and that it is “worthwhile really pursuing this avenue.”

Trump claimed his plan has broad support – but Arab nations say it’s a non-starter

Trump told reporters that “everybody (he’s) spoken to loves the idea of the United States owning that piece of land” and that he hoped Jordan and Egypt would take in forced out Palestinians.

But Arab nations have long rejected any forced displacement of Palestinians from Gaza, which critics have argued would amount to ethnic cleansing.

In a statement Wednesday following Trump and Netanyahu’s news conference, Saudi Arabia affirmed its “unwavering” support for a Palestinian state and demanded an end to Israeli occupation.

“Achieving lasting and just peace is impossible without the Palestinian people obtaining their legitimate rights in accordance with international resolutions, as has been previously clarified to both the former and current US administrations,” the Saudi Foreign Ministry said in a statement to social media.

Saudi Arabia, Jordan, Egypt and other Arab allies issued a statement last week reaffirming their long-held desire for a two-state solution and pledging their “continued full support for the steadfastness of the Palestinian people on their land.”

Lawmakers on both sides of the aisle aren’t thrilled with the idea – at least for now

Trump’s remarks drew criticism and skepticism from lawmakers, including some Republicans.

South Carolina Republican Sen. Lindsey Graham called it an “interesting proposal” but also “problematic.”

“We’ll see what our Arab friends say about that. I think most South Carolinians would probably not be excited about sending Americans to take over Gaza. I think that might be problematic. But I’ll keep an open mind,” he said.

North Carolina Republican Sen. Thom Tillis said that “there are probably a couple of kinks in that Slinky, but I’ll have to take a look at the statement.”

New Hampshire Sen. Jeanne Shaheen, the top Democratic on the Foreign Relations Committee, said the idea “fails to recognize the need to have a Palestinian state, and the fact that until we address the concerns of the Palestinians, there will continue to be conflict in the region.”

Sen. Chris Coons, another key Democratic member of the committee, said Trump’s plan is “between offensive and insane and dangerous and foolish.”

This post appeared first on cnn.com

Genius Group Limited (NYSE American: GNS), a leading AI-powered Bitcoin-first education company, has expanded its Bitcoin treasury to 440 BTC. The company increased its Bitcoin holdings by $2 million, bringing its total investment to $46 million at an average price of $95,519 per Bitcoin.

This move aligns with Genius Group’s Bitcoin-first strategy, reinforcing its commitment to cryptocurrency investment as a core part of its financial ecosystem.

Why Genius Group Is Increasing Its Bitcoin Holdings

Strong Market Confidence in Bitcoin

The company’s decision to expand its Bitcoin treasury reflects growing confidence in BTC as a store of value. With a market capitalization of $33.1 million, Genius Group now holds more Bitcoin than its total stock market value, creating a BTC-to-price ratio of 139%.

This means that for every $100 of Genius Group’s market value, its Bitcoin assets are worth $139, signaling a strong focus on crypto-backed financial growth.

How Genius Group’s Strategy Aligns With Market Trends

Institutional Bitcoin Adoption

The move follows a broader industry trend, where corporations are increasing Bitcoin adoption as part of their long-term financial strategy. With companies like MicroStrategy leading the way, Bitcoin reserves are becoming a mainstream asset in corporate balance sheets.

CEO Roger Hamilton has emphasized that Bitcoin investments strengthen Genius Group’s financial standing while positioning the company at the forefront of the digital economy.

Key Benefits of Genius Group’s Bitcoin Investment

  • Hedge Against Inflation – BTC serves as a hedge against fiat currency devaluation.
  • Long-Term Value Growth – Bitcoin’s historical price appreciation makes it a solid long-term asset.
  • Increased Market Confidence – The Bitcoin-first strategy reassures investors of the company’s financial strength.

Future Plans for Bitcoin Expansion

Genius Group is committed to further increasing its Bitcoin treasury, with a goal of accumulating 1,000 BTC. This long-term vision aligns with its strategy to maximize Bitcoin-backed assets.

Additionally, the company is exploring various financing options to optimize shareholder value and continue leveraging cryptocurrency investments.

Conclusion

Genius Group’s recent Bitcoin acquisition underscores its strong commitment to cryptocurrency investments. As Bitcoin adoption increases among institutions, the company’s strategy positions it for long-term financial success.

With a growing Bitcoin treasury and a bold investment approach, Genius Group is reinforcing its stance as a leader in the Bitcoin-backed financial ecosystem.

The post Genius Group Expands Bitcoin Holdings to 440 BTC Worth $46M appeared first on FinanceBrokerage.

President Donald Trump’s tariffs continue to shape global trade. In a recent development, the U.S. administration has paused tariffs on Canada and Mexico for 30 days. However, tariffs on China remain in place. This decision comes after discussions on border security and trade concerns.

Why Canada and Mexico Received a Tariff Pause

Canada and Mexico have secured a temporary reprieve from the proposed 25% tariffs. This follows agreements to:

  • Strengthen border security
  • Control fentanyl smuggling
  • Enhance trade cooperation

Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum Pardo assured the U.S. government of their commitment to tackling illegal trade activities.

China Faces New Tariffs Amid Rising Trade Tensions

While Canada and Mexico benefit from a delay, China is not as fortunate. A 10% tariff on Chinese imports will go into effect as scheduled. The U.S. accuses China of unfair trade practices, including:

  • Currency manipulation
  • Unfair government subsidies
  • Fentanyl distribution concerns

China has responded aggressively, imposing retaliatory tariffs on key U.S. exports, including coal and liquefied natural gas.

Market Reactions and Economic Outlook

The announcement of the Trump’s Tariffs suspensions led to positive movements in financial markets. Asian equities, along with the Mexican peso and Canadian dollar, experienced gains following the news. Investors are cautiously optimistic that the temporary reprieve may lead to more permanent trade solutions. However, the imposition of tariffs on Chinese goods continues to contribute to market volatility, with potential implications for global supply chains and consumer prices. 

Conclusion

President Trump decision to pause tariffs on Canada and Mexico reflects a strategic approach to address complex trade and security issues through negotiation. The administration’s firm stance on China indicates a continued commitment to rectifying trade imbalances and addressing concerns over illicit drug flows. As these developments unfold, stakeholders across various sectors will be closely monitoring the outcomes of ongoing negotiations and their broader economic impacts.

The post Trump’s Tariffs: Canada, Mexico Pause, China Levies Continue appeared first on FinanceBrokerage.

The global trade war is intensifying as the United States enforces tariffs on major trading partners. This move has prompted retaliatory measures from China, Canada, and Mexico, increasing economic uncertainty worldwide. The U.S. aims to correct trade imbalances and protect domestic industries, but the impact on global supply chains and markets remains significant.

Why the U.S. Imposed Tariffs

The U.S. administration introduced 25% tariffs on goods from Canada and Mexico, while Chinese imports face 10% levies. The primary reasons include:

  • Reducing trade deficits
  • Countering unfair trade practices
  • Addressing intellectual property concerns
  • Responding to illicit drug distribution

In response, Canada and Mexico secured a temporary 30-day tariff pause, agreeing to strengthen border security and immigration controls.

China’s Countermeasures

Unlike Canada and Mexico, China retaliated aggressively by imposing tariffs on U.S. exports, including:

  • 15% tariff on coal and liquefied natural gas LNG
  • 10% tariff on crude oil and heavy machinery
  • Restrictions on rare earth mineral exports

Additionally, China has placed export controls on critical minerals essential for high-tech products and listed certain U.S. companies as “unreliable entities,” restricting their operations within China. 

Market Reactions and Economic Impact

The trade war is affecting global markets, causing volatility in:

  • Stock indices
  • Currency exchange rates
  • Commodity prices

The Canadian dollar and Mexican peso have shown temporary gains, while Asian markets remain unstable due to China’s stance. Analysts warn of potential disruptions in supply chains, rising consumer prices, and lower investor confidence.

Conclusion

The intensifying global trade war is escalating as the U.S. imposes tariffs, prompting China, Canada, and Mexico to respond with retaliatory actions. Consequently, this situation highlights the fragile nature of international economic relations. As a result, nations must now carefully navigate trade policies and economic strategies. Moreover, with increasing uncertainty, the global community is closely watching developments unfold. In the meantime, analysts warn that these trade disputes could trigger major economic shifts. Ultimately, businesses and policymakers must prepare for potential disruptions in the financial landscape.

The post Global Trade War: U.S. Tariffs and China’s Retaliation appeared first on FinanceBrokerage.