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News & Articles By Arsenio Toledo
03/13/2023
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By Arsenio Toledo
Jobless claims soar to five-month high as recession signals blare
Signs of a recession are once again blaring as the number of Americans filing new claims for unemployment benefits increased by the biggest margin in five months. Initial weekly claims for state unemployment benefits rose by 21,000 to a seasonally adjusted 211,000 for the week that ended on March 4. This is the largest recorded […]
03/10/2023
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By Arsenio Toledo
Silicon Valley Bank has now collapsed, and 95% of deposits were uninsured
Silicon Valley Bank, a commercial bank that prefers to cater to Big Tech companies and Silicon Valley startups, is on the verge of collapse. Its stocks have plunged amid a cash burn, and investors are now advising tech firms to pull all of their money out before it’s too late. (UPDATE: The bank has now […]
03/09/2023
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By Arsenio Toledo
India, Sri Lanka moving toward using Indian rupee for international transactions (while ditching the dollar)
India and Sri Lanka are currently negotiating the possibility of using the Indian rupee, instead of the United States dollar, for international transactions as the two South Asian nations look to strengthen their economic ties through trade and investments. Three state-owned and public banks from India and Sri Lanka recently participated in a trial using […]
03/07/2023
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By Arsenio Toledo
Americans continue to suffer as hospitals refuse to be transparent about their prices
Patients all over the United States are still suffering from exceptionally high medical bills that get inflated due to malpractices. News outlets and social media platforms alike are filled with stories from Americans having to deal with their hospital bills being far too costly. (Related: Money grabbers: US hospitals are not complying with cost transparency rules; patients […]
03/03/2023
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By Arsenio Toledo
Central banks continue to stockpile gold as recession looms
Despite claims from central banks and governments that they have avoided a greater global economic meltdown, inflation is still on the rise and recession is still on its way – and central banks are preparing for it by stockpiling even more gold. This is according to Lynette Zang, chief market analyst of ITM trading, who warned […]
02/27/2023
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By Arsenio Toledo
Potential BRICS expansion could mark end of dollar as world’s pre-eminent currency
BRICS, the alternative economic alliance set up to challenge the International Monetary Fund (IMF), is expanding. Once it becomes strong enough, it could very well topple the United States dollar’s status as the world’s pre-eminent currency. The organization, made up of Brazil, Russia, India, China and South Africa, is expected to announce sometime this year […]
02/24/2023
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By Arsenio Toledo
Hoarding: China securing more deals to import massive amounts of LNG
China is rushing to sign new long-term deals to import more and more liquefied natural gas (LNG), giving it more control over the critical energy source at a time when global demand for gas is rising. One of the more notable developments is how China Gas Holdings, one of China’s largest private gas distributors, was […]
02/24/2023
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By Arsenio Toledo
Finland adds safeguards for national production of minerals as demand surges
Finland’s parliament has passed a new law tightening the country’s current mining regulations to provide additional safeguards for the national production of minerals amid surging demand. The proposed amendments to the Mining Act were first presented to the Finnish parliament on Sept. 8, 2022. This started a months-long battle regarding what the ruling government claims […]
02/22/2023
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By Arsenio Toledo
Fake meat companies are failing as consumers abandon processed plant-based alternatives to real meat
Fake meat companies are failing, as a majority of consumers who choose to eat meat abandon the cultured counterpart due to high prices, disappointing taste and questionable benefits. In 2020, retail sales of plant-based fake meats grew by 45 percent and surpassed the $1 billion mark for the first time as more and more consumers became […]
02/22/2023
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By Arsenio Toledo
G7 and EU to track and sanction trade of Russian diamonds
The Group of Seven nations (G7) and the European Union (EU) are discussing ways to track the trade of Russian diamonds outside the country’s borders. If successful, the West could soon implement sanctions against the Russian gem trade. According to the Kimberley Process Certification Scheme, established in the early 2000s, a diamond’s origin must be […]
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