Two South American States Take Big Step To Reduce Dollar-Dependency
According to a new report by the Financial Times on Sunday, Brazil and Argentina are planning to create a common currency. The report noted the plan is to be discussed…
US-based Oil-Field Giant Profiting Massively From Not Exiting Russia
In a report citing company records and people familiar with the issues, Reuters details how SLB (formerly Schlumberger), the largest oil-field firm in the world, has enjoyed immense success in…
UK House Price Forecast Dismal
In an interview, Lloyds Bank CEO Charlie Nunn said already sagging British house prices will continue to fall y up to 10% this year, due to higher mortgage rates as…
Nobel Prize Winner Calls For More Taxes On Ultra-Wealthy
Joseph Stiglitz, a Nobel prize-winning economist, has issued a call for nations to impose a 70% tax rate on the ultra wealthy, and to impose aggressive inheritance taxes as well.…
Western Nations Agree To Impose Two Price Caps On Russian Oil
On Friday, the US Treasury Department announced the US-led coalition seeking to impose price caps on Russian energy exports will impose two different price caps on Russian oil products according…
China Ramps Up Russian Gold Imports
According to Chinese customs data released Saturday, China increased its imports of Russian gold in 2022. In 2022, China purchased a total of 6.6 tons of gold from Russia, both…
Britain Sees An Outflow Of Wealthy Individuals
A new study released Firday by the investment migration consultancy Henley and Partners has found that over 1,000 millionaires moved away from Britain in 2022. According to the research, 1,400…
EU Car Sales Collapse
According to a new report by the European Automobile Manufacturer’s Association (ACEA) released this week, the passenger car market in the European Union shrank by 4.6% in 2022, to just…
Twitter Employee Headcount Down To 1,300, from 7,500
Following Elon Musk’s downsizing, CNBC is reporting that Twitter now has 6,000 fewer employees, due to layoffs and resignations, reducing the size of the company’s headcount by 80%. The news…
Japan Sees Corporate Bankruptcies Rising
According to a new survey by Teikoku Databank, company bankruptcies in Japan increased for the first time in three years in 2022. According to the report, 6,376 companies declared bankruptcy…
