US National Debt Grows $2.6 Trillion In Six Months
According to new data from the US Treasury Department, the US national debt has continued to climb, increasing by $2.6 trillion in the six months through December bringing the total…
Globally, Corporate Bankruptcies Exceed 2008 Levels
On Monday, the Financial Times published an analysis of data from various national statistics offices which showed that there has been a wave of corporate bankruptcies sweeping through the world’s…
Russia And China Eliminate Use Of Dollar In Trade
According to Russian Prime Minister Mikhail Mishustin, Russia and China have phased out almost all use of Western currencies, with almost all payments between the countries now carried out in…
More Shippers Refuse To Ship Past Yemen, Threatening To Hike Oil Prices In Europe
In an announcement on Monday, British energy major BP announced it will be temporarily suspending all shipments of crude oil through the Red Sea due to the recent attacks in…
US Steel Bought By Japanese Steelmaker
US Steel, once the biggest corporation on the planet, and a symbol of America’s industrial might, has agreed to be taken over by Japan’s Nippon Steel in a deal worth…
Amazon To Add RFID Tech To Just Walk Out Checkout System
Amazon announced on Tuesday that it will be adding radio-frequency identification to its Just Walk Out shopping technology. The online sales giant will be partnering with RFID and digital ID…
Rising Interest Rates Leave Increasing Numbers Of Car Buyers Underwater
As interest rates rise, and the value of used vehicles declines, car-loan borrowers are experiencing increasing pressure, with many now owing more on their loan than their vehicles are worth.…
Russia Tells BRICS To Ban Dollar
Russian Finance Minister Anton Siluanov said in a statement, that it is very important for all the BRICS member states that they develop sustainable financial relations and settlements within the…
Developing Nations Threatened By Record Debt Service Payments
According to the newest World Bank Report, in 2022, as interest rates surged to the highest rates in four decades, developing nations spent $443.5 billion servicing their external debt, a…
Hungary Threatens To Block Bulgarian Entry To Schengen Over Gas Tax
In video posted to Facebook on Wednesday, Hungarian Foreign Minister Peter Szijjarto warned that Hungary will prevent Bulgaria’s entry into the EU’s passport-free Schengen travel area unless Bulgaria eliminates its…
