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US & China put trade war ‘on hold,’ agree more talks

By ethan / May 20, 2018

The US-China trade war is “on hold” after the world’s two largest economies agreed to stop threatening new tariffs ahead of further negotiations on a wider trade deal. “We are putting the trade war on hold. Right now, we have agreed to put the tariffs on hold while we try to execute the framework,” US […]

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Washington wants to drive wedge between Russia, China & Europe – analyst

By ethan / May 20, 2018

The real goal behind recent US sanctions is to isolate Russia economically from Europe and Asia, according to an analyst interviewed by RT. “The most obvious reason for sanctions is to drive a wedge into the relationship between Russia and the European Union, between Russia and China, etc.” said TeleTradeBel analyst Mikhail Grachev. Read more […]

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US has more billionaires than China, Germany & India combined

By ethan / May 20, 2018

The number of billionaires worldwide has soared to a record high, according to a new report from wealth data company Wealth-X, which showed that there were 2,754 ultra-rich individuals on the planet in 2017. The report revealed that the billionaire population and their wealth skyrocketed to record levels last year. They now control around $ […]

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EU economies hit by collapse in investment

By ethan / May 20, 2018

Capital investment in 24 of the EU’s 28 member states has fallen dramatically over the past ten years, according to data from statistical agency Eurostat. Investment decreased on average by 2.3 percent, falling to 20.1 percent of GDP last year. It stood at 22.4 percent from 2007 to 2017 period. Countries in Europe’s east and […]

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Bitcoin miners are using as much energy as Ireland – study

By ethan / May 19, 2018

The process of mining new bitcoin is now so intensive that computers carrying out the process are using nearly as much electricity as the entire country of Ireland. A new study by economist Alex de Vries estimates that bitcoin mining consumes at least 2.55 gigawatts of electricity and, by the end of the year, that […]

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Is Russia about to abandon the OPEC deal?

By ethan / May 19, 2018

OPEC and Russia are meeting in a little more than a month to discuss the progress of their oil production deal and what’s next. On the face of things, there will be no surprises: every country taking part in the deal is still committed to the cuts until the end of the year. But Russia […]

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Which countries are dumping the dollar and why?

By ethan / May 19, 2018

The European Union is considering switching payments from the US dollar to the euro after Washington threatened to target European firms working in Iran, according to reports. The measure may help the EU to retain one of the world’s largest markets, which was opened for trade after the historic nuclear deal signed by Tehran and […]

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Europe & Iran now have the perfect excuse to drop the US dollar – Max Keiser

By ethan / May 18, 2018

The re-imposition of US sanctions on Iran and Washington’s threat to punish European companies for doing business there provides a good opportunity for ditching the dollar, according to RT’s Keiser Report host, Max Keiser. “The US uses the dollar as a weapon to promote US dollar hegemony and the US Empire. The world now sees […]

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Vatican warns of financial ‘ticking time bomb’ ready to explode

By ethan / May 18, 2018

The Vatican has called for more regulation of markets and financial systems, saying economic crises showed they were not able to govern themselves and needed a strong injection of morality and ethics. In a major document, written by two key Holy See departments, the Vatican said profit for the sake of profit and not for […]

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