In a crisis, Strategy stacks dollars

Federica Mogherini, the former diplomatic chief of the EU, has been detained by police in Brussels amid an investigation into alleged fraud related to contract awards. This development raises significant concerns regarding accountability and governance within the EU's administrative framework.

Eurozone inflation unexpectedly rose to 2.2% in November, surpassing previous estimates and indicating persistent price pressures in the region. This increase comes as the European Central Bank (ECB) prepares for its upcoming meeting, where it is widely anticipated to maintain current interest rates due to the inflationary environment.

The OECD has indicated that major central banks in leading economies are unlikely to implement further rate cuts in the coming year, signaling a shift in monetary policy as economic conditions evolve. This forecast reflects the organization's assessment of the current economic landscape and the limitations faced by central banks in stimulating growth through lower interest rates.

Swiss voters have decisively rejected a proposed 50% inheritance tax aimed at the super-rich, with estimates indicating that 79% voted against the measure in a recent referendum. This outcome reflects a strong opposition to wealth redistribution policies among the electorate.

OpenAI, the company behind ChatGPT, is facing increasing pressure as competitors begin to close the gap in the artificial intelligence market, raising concerns about its future dominance. The company, valued at $500 billion, has yet to achieve profitability, which is further compounded by its partners carrying significant debt.

China's services activity has reached a three-year low, with data from the national statistics agency indicating a persistent decline in demand across the economy. Concurrently, factory activity continues to contract, reflecting ongoing challenges in both sectors.

President Donald Trump announced the closure of Venezuelan airspace, coinciding with a significant increase in U.S. military presence near the country. This decision is part of a broader strategy aimed at combating drug cartels and supporting efforts to remove President Nicolás Maduro from power.