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Rock & Roll Hall of Fame Announces New Inductees, Including Fela and Oasis
Culturetvn24danasrolling-stone+6vijesti-mebillboardPremium Timespunch-ngvanguard-ngkuwait-times1h ago9 sources

Rock & Roll Hall of Fame Announces New Inductees, Including Fela and Oasis

The Rock & Roll Hall of Fame announced its latest class of inductees, featuring artists like Fela Kuti, Sade Adu, MC Lyte, Oasis, Phil Collins, and Luther Vandross. Fela Kuti was notably recognized as the first African artist to be inducted.

Trump Threatens Iran with 'One Night' Destruction, Sets Hormuz Deadline, and Reveals Pilot Rescue Details
WorldAPReutersBBC+71bloombergNYTwsjFTle-mondewapoThe GuardianNPR+63 more7d ago74 sources

Trump Threatens Iran with 'One Night' Destruction, Sets Hormuz Deadline, and Reveals Pilot Rescue Details

President Trump issued a stark warning to Iran on Monday, stating the country could be 'eliminated' in a single night, possibly Tuesday, as a deadline for the Strait of Hormuz loomed. During the same press conference, Trump detailed a high-risk pilot rescue mission and threatened a journalist over leaked information.

German Industry Orders Decline by 11 Percent
Businessfaz1mo ago

German Industry Orders Decline by 11 Percent

New orders for German industry fell by 11 percent, with additional news on green energy demands in Berlin, rising train ticket sales due to high fuel prices, and 20,000 sailors stranded in the Persian Gulf.

Judge Orders ICE Not To Re-Detain Abrego Garcia
Politicszerohedge1mo ago

Judge Orders ICE Not To Re-Detain Abrego Garcia

Judge Orders ICE Not To Re-Detain Abrego Garcia Authored by Matthew Vadum via The Epoch Times, A federal judge has blocked U.S. Customs and Immigration Enforcement (ICE) from re-arresting Kilmar Abrego Garcia, one of the men at the center of the Trump administration’s deportation battles. The Salvadoran national’s case attracted attention across the country, including widespread protests, after the federal government detained him in March 2025 and shipped him to El Salvador’s maximum security prison, the Terrorism Confinement Center, along with an airplane full of other deportees. He was later returned to the United States, where he has had long-running legal battles with the administration. U.S. District Judge Paula Xinis, who ordered the administration to facilitate Abrego Garcia’s return last year, ruled on Feb. 17 that he cannot be deported again because the federal government has not presented a feasible plan for removing him from the country. The judge said that despite releasing Abrego Garcia, the government appeared to be making plans to re-detain him, so Abrego Garcia filed an emergency motion for a temporary restraining order to prevent being re-detained. The court previously granted the requested order. In the new order, the court granted Abrego Garcia’s request to upgrade the temporary restraining order to an injunction to prevent him from being re-detained. Abrego Garcia, who entered the United States illegally more than a decade ago, had been living in Maryland when federal agents arrested him. The U.S. Department of Homeland Security takes the position that Abrego Garcia is a “violent criminal illegal alien, and MS-13 gang member,” who “belongs behind bars and off American soil.” Abrego Garcia, who is facing separate criminal charges, denies being a member of MS-13, which has been designated a terrorist organization. Xinis previously ordered his release on Dec. 11, 2025, finding that because the federal government had never issued a final order of removal against him, it could not detain him in order to force him from the country. The government said in a brief last month that Abrego Garcia may be detained because an immigration judge issued an order of removal on Dec. 11, 2025, that became final on Jan. 13 of this year. Detention after that order “does not require that the country of removal be certain in order for detention to be lawful,” the brief said. The judge suggested the federal government is not serious about removing Abrego Garcia from the United States. Since he secured release from criminal custody in August 2025, the government has “made one empty threat after another to remove him to countries in Africa with no real chance of success,” she said. The judge said that, given the federal government’s maneuvering in the case, it was doubtful that Abrego Garcia would be deported in the “reasonably foreseeable future,” so he may not be re-arrested or put into immigration detention. “Respondents have done nothing to show that Abrego Garcia’s continued detention in ICE custody is consistent with due process,” Xinis said. In April 2025, Xinis had ordered that Abrego Garcia be returned to the United States from the prison in El Salvador. The same month, the Supreme Court ordered that the federal government take steps to bring him back to the United States. The government of El Salvador cooperated, and Abrego Garcia was returned to the United States in June 2025. At the same time, Abrego Garcia is currently facing federal criminal charges in Tennessee related to the alleged unlawful transportation of undocumented aliens. He has entered not guilty pleas to the charges. The May 2025 indictment brought against Abrego Garcia alleges that he “conspired to bring undocumented aliens to the United States from countries such as Guatemala, El Salvador, Honduras, Ecuador, and elsewhere, ultimately passing through Mexico before crossing into Texas.” It alleges that Abrego Garcia and his co-conspirators obtained financial payments from the undocumented individuals for unlawfully transporting them into and around the United States. The indictment also alleges Abrego Garcia was “a member and associate of the transnational criminal organization ... [known as] MS-13,” which it describes as “a criminal enterprise engaged in ... acts and threats involving murder, extortion, narcotics trafficking, firearms trafficking, alien smuggling, and money laundering.” Abrego Garcia “used his status in MS-13 to further his criminal activity” over the life of the criminal conspiracy during which he and co-conspirators “knowingly and unlawfully transported thousands of undocumented aliens ... many of whom were MS-13 members and associates,” according to the indictment. Abrego Garcia’s attorneys have called the case “baseless.” “There’s no way a jury is going to see the evidence and agree that this sheet metal worker is the leader of an international MS-13 smuggling conspiracy,” attorney Simon Sandoval-Moshenberg said. The Epoch Times reached out for comment to the U.S. Department of Justice, which represents federal agencies in court. No reply had been received as of publication time. Tyler Durden Tue, 02/17/2026 - 20:55

HD Korea Shipbuilding Secures $1.45 Billion in New Orders
BusinessKorea Herald6d ago

HD Korea Shipbuilding Secures $1.45 Billion in New Orders

HD Korea Shipbuilding & Offshore Engineering announced it has secured 1.97 trillion won ($1.45 billion) in new shipbuilding orders over two days, continuing its strong order momentum. The company is an intermediate holding company of HD Hyundai’s shipbuilding unit.

New Order for the Middle East
Politicsla-vanguardia19d ago

New Order for the Middle East

The region is grappling with the emergence of a new geopolitical order, prompting discussions and analyses on its implications for stability and power dynamics.

Private sector returns to growth  in February – Report
Businesspunch-ng1mo ago

Private sector returns to growth in February – Report

Nigeria’s private sector growth rebounded in February, driven by new orders and easing inflation, according to the latest Stanbic IBTC PMI report. Read More: https://punchng.com/private-sector-returns-to-growth-in-february-report/

Businesszerohedge1mo ago

China's Debt Model Creates Danger Of Stagnation

China's Debt Model Creates Danger Of Stagnation Authored by Daniel Lacalle, The latest social financing figures from China show an economy that is increasingly relying on government debt while private demand for credit remains weak. The strength of the Chinese technology sector and its exporting companies gives enough room for leverage. However, behind the weak private sector credit demand lies an evident economic slowdown that the Chinese government acknowledges, challenging consumption patterns, a significant overcapacity problem, and the depth of the housing crisis. The current economic model, focused on delivering 5% real economic growth, requires larger doses of debt to achieve smaller increments of growth, especially productive sector growth. The government has focused on reducing debt and overcapacity imbalances while reorienting its exports and financial system to lessen dependence on the US dollar; however, the main challenge for the Chinese economy remains boosting consumer demand, despite rate cuts and easing financial conditions. To understand the intensity of debt of the Chinese model, we must go to the year 2000 and see the acceleration in the flow of debt, not just the current stock. At that time, real GDP growth was around 8–9%, so each percentage point of growth came with roughly 13–16 points of debt‑to‑GDP. Government debt was very low, at around 25% of GDP, and most leverage sat in the state-owned corporate sector with modest household debt. China was able to deliver near‑double‑digit growth with a total non‑financial debt ratio barely above 120% of GDP. By 2023, non‑financial sector debt had risen to about 285% of GDP, more than doubling its level of 2000. Chinese think‑tanks and official commentators put the “macro leverage ratio” closer to 300% of GDP by 2025, according to the Chinese Academy of Social Sciences. The macro leverage ratio rose by 11.8 percentage points to 302.3 percent in 2025, exceeding the 10.1-point increase reported in 2024. Over the same period, the trend of real GDP growth has slowed to roughly 4–5%, so each percentage point of growth now requires around 60–75 points of debt‑to‑GDP, more than three times the debt per point of growth required in 2000. Furthermore, it comes mostly from government debt. In January 2026, aggregate social financing jumped by 7.22 trillion yuan, significantly higher than in the same month of 2025 and above market expectations, consistent with 5% annual GDP growth and a larger composition of the public sector in the mix. Outstanding social financing reached 449.11 trillion yuan at the end of January, rising 8.2% year‑on‑year, while money supply (M2) rose by 9%.​ New yuan bank loans were 4.7 trillion yuan, about 420 billion less than a year earlier and significantly below consensus, showing the weak private‑sector credit demand and the prudent approach of Chinese customers and businesses to debt addition. RMB loans outstanding stood at 276.62 trillion yuan, up only 6.1% year‑on‑year, clearly below the pace of overall financing and money growth. The driver of credit growth in China is no longer households and private firms but the government and state-owned companies. The real estate problem has impacted Chinese families in numerous ways. Not only did most of them see the value of their homes decline, but many families invested in the attractive yields of real estate developers’ commercial paper, which led to large losses and even the wipe-out of savings for many. Additionally, despite the excess in supply of houses, prices have not fallen enough to warrant enough appetite for new mortgages, as affordability remains an issue and the traditional prudence of Chinese citizens when it comes to consuming and borrowing adds to the challenge. Beijing plans to issue 4.4 trillion yuan in local government special‑purpose bonds in 2025, 500 billion more than in 2024, looking to boost government investment and a “proactive fiscal policy,” knowing that raising taxes would be exceedingly negative for growth and consumption. Local governments are expected to issue more than 10 trillion yuan in bonds in 2025, including refinancing, general bonds, and new special bonds. The Chinese government knows that it can manage more debt but also sees the weak investment and household spending and acknowledges that large tax increases would be counterproductive.  However, to prevent future debt-driven stagnation, a focus on productivity is necessary. The official budget sets a deficit of 4% for 2025. However, once all budget items are consolidated, including government funds, special bonds, and off‑budget vehicles, this true fiscal deficit in 2025 is closer to 9%, up from 7.7% in 2024, according to Rhodium Group and JP Morgan. China increasingly relies on hidden or almost fiscal borrowing to support growth. With outstanding social financing now around 449 trillion yuan and real growth around 4–5%, each incremental point of GDP is increasingly linked with a much larger stock of debt than a decade ago. This rising credit intensity of growth may prevent a significant slowdown but may create a significant fiscal challenge in the future. The Chinese model demands high growth and low taxes; any change to the fiscal system will be negative. For years, local governments relied on the sale of land for property development to collect tax receipts. Thus, the drag from real estate is evident in the economy and in fiscal sustainability. Real estate development investment fell 13.9% year‑on‑year in the first three quarters of 2025, with residential investment down 12.9%, the steepest drop since 2021, according to official figures. Property investment and sales both posted double‑digit declines in 2024, and forecasters expect real estate investment to fall another 11% and sales to drop 7.5% in 2025, according to Reuters, with further declines in 2026 before stabilizing only in 2027… if it happens as fast as consensus estimates. The property sector, once a key engine for economic growth and tax receipts, absorbs new credit to stabilize its accounts without boosting growth or creating a multiplier effect. Additionally, China’s industrial capacity utilization remained at 74.9% at the end of 2025, well below the 78.4% peak reached in 2021. Overcapacity is clear in steel, autos, legacy chips, and parts of sectors like green tech, where expansion has surpassed domestic and external demand. Thus, the purchasing managers’ indices show weak new orders and foreign demand, while bankruptcies and insolvencies have risen, although not to levels that would indicate a financial crisis.​ The Chinese economy needs to reopen, improve investor and legal security and allow the housing slump to materialize fully to see the type of productive economic growth it needs to avoid much larger increases in debt. Otherwise, the risk of stagnation will likely be elevated as population growth stalls, overcapacity remains, and the stock of unsold property becomes a larger liability.   Tyler Durden Mon, 02/16/2026 - 22:25

Rock & Roll Hall of Fame Announces 2026 Inductees
CultureAPBBCFT+23The Guardiandr-dkcbcnosberlingskele-figaroorfThe Independent+15 more8h ago26 sources

Rock & Roll Hall of Fame Announces 2026 Inductees

The Rock & Roll Hall of Fame has announced its 2026 class of inductees, which includes prominent artists and groups such as Oasis, Phil Collins, Wu-Tang Clan, Joy Division, and Sade. The announcement has generated reactions from the inducted artists and their families.

Trump Seeks $152 Million to Convert Alcatraz Back Into a Prison
PoliticsAPReutersbloomberg+17NYTwsjThe GuardianCNNdr-dkcbcberlingskela-repubblica+9 more10d ago20 sources

Trump Seeks $152 Million to Convert Alcatraz Back Into a Prison

Former President Trump is seeking $152 million to begin the process of transforming Alcatraz back into a functioning prison, a plan that faces significant local political opposition and logistical challenges due to the site's dilapidated state.

Ship Orders From South Korea Are Surging Thanks To U.S. Fees On Chinese-Made Ships
Businesszerohedge1mo ago

Ship Orders From South Korea Are Surging Thanks To U.S. Fees On Chinese-Made Ships

Ship Orders From South Korea Are Surging Thanks To U.S. Fees On Chinese-Made Ships South Korea is tightening the race with China in global shipbuilding after U.S. plans to curb Chinese-built vessels disrupted order flows and redirected demand , according to Nikkei.  Worldwide new orders fell 27% in 2025 to 56.42 million compensated gross tonnage (CGT) — the first annual drop in two years — according to U.K.-based Clarksons Research. China remained No. 1 but saw orders tumble 35% to 35.36 million CGT, shrinking its share to 62.7%. South Korea, ranked second, moved the other way: orders climbed 8% to 11.59 million CGT, lifting its share to 20.6%. Japan, in third, recorded a 53% plunge to 2.77 million CGT, with its slice slipping to 4.9%. The shift followed a U.S. announcement last April outlining fees on Chinese-built ships entering American ports starting in October 2025. Although the policy was delayed for a year after a U.S.-China summit in late October, uncertainty had already prompted global shipping companies to hesitate on new Chinese orders. A unit of China State Shipbuilding Corp. said it was disadvantaged in contract talks last summer, opening the door for South Korean yards to win more large container ship deals. HD Korea Shipbuilding & Offshore Engineering cited weaker demand for Chinese shipyards as a key reason for its recent surge in orders. Nikkei writes that the company posted record results for the year ended December: revenue rose 17% to roughly 29 trillion won ($20.1 billion), while net profit doubled to about 3 trillion won. Government-backed workforce initiatives have also supported the industry. Seoul opened a training center in Indonesia in 2024 to prepare skilled workers, including Korean language instruction, before dispatching them to local yards. Shipbuilders have raised wages and introduced AI tools to ease labor strain. Foreign employment in South Korea’s shipbuilding sector hit a record 22,824 at the end of 2024 — about four times the level five years earlier — with foreigners making up more than 20% of the workforce. Japan, meanwhile, has struggled to capture orders shifting away from China. Data from the Japan Ship Exporters' Association show export contracts in 2025 fell 20% to 8.93 million gross tons, marking a fourth straight year of decline. Limited yard capacity, slipways booked through around 2029, and labor shortages have constrained growth and pushed up costs. Looking ahead, global demand is expected to rebound in 2026 as stricter environmental rules accelerate orders for vessels powered by next-generation fuels such as hydrogen and ammonia. HD Korea Shipbuilding & Offshore Engineering has set a 2026 order target of $23.3 billion, up 26% from this year, citing steady demand for new builds and fleet replacements. China is working to regain momentum. In December, Cosco Group placed 50 billion yuan ($7.23 billion) in orders with China State Shipbuilding Corp., underscoring coordinated support among state-owned enterprises. Japan is also attempting a reset. Imabari Shipbuilding recently completed its acquisition of Japan Marine United to streamline operations. The government aims to double domestic shipbuilding capacity to 18 million gross tons by 2035, seeking to narrow the wide gap with South Korea and China. Tyler Durden Mon, 02/16/2026 - 14:00