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EU Trade Surplus With US Hits €199.6 Billion Despite Tariff Volatility
Brussels, Thursday, 26 February 2026.
In 2025, the European Union secured a nearly €200 billion trade surplus with the United States, defying expectations of a tariff-induced slowdown. This resilience was largely driven by a massive volume of pharmaceutical exports and strategic ‘front-loading’ by US businesses racing to beat new levies.
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Terraform Labs Sues Jane Street for Alleged Insider Trading in $40 Billion Crypto Collapse
New York, Thursday, 26 February 2026.
A federal lawsuit filed Monday alleges Jane Street used insider secrets from a former intern to front-run the 2022 Terra collapse. The complaint claims the trading giant withdrew $85 million in TerraUSD just ten minutes after Terraform’s own internal moves, reportedly avoiding $200 million in losses while accelerating a $40 billion market wipeout. This legal battle brings intense scrutiny to institutional hedging strategies amidst Bitcoin’s current volatility.
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Kalshi Sues Utah to Block State Gambling Laws from Restricting Prediction Markets
Salt Lake City, Thursday, 26 February 2026.
Asserting federal preemption, Kalshi sued Utah officials on February 24, arguing its CFTC-regulated contracts are financial instruments, not the ‘illegal gambling’ Governor Spencer Cox claims they are.
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UK Launches First Geothermal Plant to Secure Domestic Power and Lithium Supply
London, Thursday, 26 February 2026.
This pioneering Cornwall facility taps subterranean heat to generate continuous renewable power and, crucially, provides the UK’s first commercial source of lithium—securing a vital domestic supply chain for the electric vehicle market.
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Hurricane Melissa Ties Historic Atlantic Wind Records and Sets Global Gust Benchmark
Miami, Wednesday, 25 February 2026.
The National Hurricane Center has officially confirmed that Hurricane Melissa, which struck in October 2025, tied the record for the strongest sustained winds in Atlantic history at 190 mph. In a startling revelation for meteorologists and risk analysts alike, the post-storm analysis verified a wind gust of 252 mph near Jamaica—the highest ever recorded in a tropical cyclone worldwide. This atmospheric violence resulted in catastrophic economic devastation, costing Jamaica an estimated $8.8 billion, equivalent to 41% of its GDP. These figures not only rewrite the record books but also serve as a stark indicator of increasing climatic volatility, necessitating immediate reassessments in disaster recovery planning and insurance risk modeling for vulnerable coastal regions.