Indonesia Follows BRICS’ Lead And De-Dollarizes
A new report from SINDOnews reveals that according to its central bank, Indonesia is following the BRICS nations, and shifting its means of international trade settlement away from the US…
Analysts Upgrade China’s Economic Outlook
On Wednesday, CNBC reported that following an impressive first quarter economic report, global economists are upgrading their full-year forecasts for the Chinese economy. JPMorgan, noting that the latest quarterly report…
Power Prices For Next Winter Soar In France
On Wednesday, Bloomberg reported that in France, as the nation struggles to bring its aging nuclear power stations online, electricity prices are soaring, already hitting twice the cost of power…
Twitter Begins Its Purge Of Blue Checkmarks
Twitter has begun removing the coveted blue checkmarks signifying authority from accounts which had been granted them based on the company’s previous standards of authentication. It is all part of…
Pakistan Makes First Purchase Of Russian Oil
On Wednesday, Pakistani petroleum minister Musadik Malik announced that as it sought to secure more economical sources of energy due to the present macroeconomic conditions, Pakistan has placed its first…
Coming Disney Layoffs Called A Bloodbath
Bloomberg reported that next week the Walt Disney Company will begin laying off thousands of staff, including 15% of the employees in the entertainment division. Globally the company has about…
Airlines Face A “Tsunami” Of Pilot Retirements Worsening Shortage
As the airline industry faces a “severe and ongoing” shortage of pilots, it appears things are about to get worse for the industry. According to Faye Malarkey Black, who is…
London Asset Management CEO Says Dollar Losing Reserve Status At “Stunning” Rate
On Tuesday, Stephen Jen, the CEO of London-based asset management company Eurizon warned that large parts of the world are now moving away from using the dollar in trade due…
UK Sees Incomes Plummet
On Tuesday, the UK Office for National Statistics (ONS) reported that UK household incomes are declining at the fastest pace in more than a decade, as spiraling inflation surges past…
EU Says Nothing In Russia Left To Sanction – “We’re Done.”
On Thursday the Financial Times reported that EU officials have told it that the bloc has exhausted all of its options for imposing economic restrictions on Russia. For that reason,…
