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News & Articles By Richard Brown
03/22/2024
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By Richard Brown
JOBS CRISIS: Almost 107 million Americans are not in the labor force
The economy’s current state has left many perplexed as widespread mass layoffs by large employers are occurring nationwide, creating significant challenges for job seekers. Despite these economic hurdles, the administration of President Joe Biden and mainstream media maintain an optimistic narrative, asserting that the unemployment rate is low and everything is under control. The recent […]
02/26/2024
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By Richard Brown
U.S., other countries impose sanctions on over 500 Russian economic targets to mark the second anniversary of war in Ukraine
The United States and other countries have marked the second anniversary of the ongoing war in Ukraine with more sanctions targeting Russia. These sanctions include over 500 targets and will specifically focus on Russia’s military-industrial complex and companies in countries that facilitate Russia’s access to desired goods, according to Deputy U.S. Treasury Secretary Wally Adeyemo. The move is […]
02/19/2024
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By Richard Brown
DEDOLLARIZATION IN MOTION: Egypt moves against U.S. dollar, seeks trade settlements with BRICS states
Egypt is actively pursuing negotiations to decrease reliance on the U.S. dollar for trade settlements with other BRICS states, according to the country’s Ministry of Foreign Affairs. The decision to embrace national currencies is driven by the need to counteract rising costs associated with using foreign currencies due to global inflation. Ragy El Etreby, Egypt’s […]
02/16/2024
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By Richard Brown
IMF says SEIZURE of frozen Russian assets must have sufficient legal support
Gita Gopinath, the first deputy managing director of the International Monetary Fund (IMF), has stressed that any action that may be taken to gain access to Russia’s frozen deposits must have “sufficient legal support.” In an insightful interview with Foreign Policy magazine published on Monday, Gopinath highlighted the complexities surrounding the situation. The United States […]
02/13/2024
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By Richard Brown
FORGED IN FIRE: Russia-China ties reach “unprecedented” level amid tensions with the West
A newly released report from both the Kremlin and China sheds light on the “unprecedented” nature of the relationship between Russian President Vladimir Putin and Chinese President Xi Jinping. In the face of global criticism surrounding Putin’s decision to invade Ukraine in 2022, Xi stands out as one of the few world leaders who has […]
01/24/2024
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By Richard Brown
Red Sea attacks have DOUBLED the average cost of container shipping
The global shipping industry is grappling with a significant upheaval as the average cost of containers has surged to more than double its previous rate within just one month. The primary driver behind this unprecedented increase is the ongoing disruption caused by Houthi attacks on cargo vessels navigating the Red Sea. These attacks, stemming from […]
01/23/2024
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By Richard Brown
Maersk to customers: Brace for complications, disruptions in Red Sea
The situation in the Red Sea has become increasingly complex following President Joe Biden’s military strikes against Iran-backed Houthi anti-ship missile bases, raising serious concerns about global supply chain stability and economic growth. The Houthi rebels’ continued attacks on commercial vessels in the region have led to significant repercussions for the international shipping industry. Top […]
01/09/2024
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By Richard Brown
Over 55,000 companies shut down in France as country’s economy implodes
France witnessed a record-breaking year for business closures in 2023, with over 55,000 companies shutting down, according to data compiled by the Bank of France as of December. The statistics, released by the regulator on Saturday, reveal that an average of 55,492 companies faced bankruptcy or liquidation over the past 12 months. While the surge […]
01/03/2024
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By Richard Brown
Worst is yet to come: Banking crisis is far from over
The turbulence of the banking crisis is far from over. Despite a temporary lull following the collapse of several banking giants earlier this year, ominous signs suggest that the worst is yet to unfold. Reports indicate that a staggering 2,118 bank branches shuttered in 2023 alone, with the data encompassing only 10 months of the year. […]
01/02/2024
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By Richard Brown
Russia vows to respond in kind if West seizes its frozen assets
Kremlin spokesperson Dmitry Peskov has warned that Russia would retaliate in kind if Western nations proceeded with the potential confiscation of its assets. The remarks, made during a press briefing, come at a time of heightened tensions between Russia and the West, with economic sanctions being a focal point of contention. Peskov asserted that Russian […]
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