China has thrown a wrench into the global supply chain by slapping new export controls on antimony metals, ores, and oxides, effective September 15. This move could spell trouble for American arms manufacturers who are heavily dependent on this crucial resource. Companies aiming to export these materials will now need
Fed up with the West’s economic war on a third of all nations through sanctions, a new group opposing these measures is emerging. Recently, Russian billionaire Mikhail Fridman, who’s been hit with sanctions, hired Tony Blair’s wife to fight a lawsuit against Luxembourg for freezing his assets. Meanwhile, banks like
In a dramatic financial rescue, Ukraine narrowly avoided defaulting on a staggering $20 billion in loans by reaching a critical agreement with private creditors in July. This deal comes amid the heavy financial strains of ongoing conflict, and it’s a story that highlights both the gravity of Ukraine’s situation and
Fitch Ratings, a major U.S. credit-rating agency, has just downgraded Ukraine’s credit rating to ‘restricted default.’ This decision came after Ukraine missed a crucial payment deadline on a $750 million Eurobond that was due on August 1, 2023. The country had a ten-day grace period to make the payment, but
Last month, US Federal Reserve Chairman Jerome Powell warned that America’s rising debt is unsustainable, echoing concerns from El Salvador’s President Nayib Bukele who called the Fed’s money-printing a “bubble” waiting to burst. Central banks around the world are increasingly abandoning the US dollar, driven by the US’s financial sanctions
A new report by Hindenburg Research has sparked fears in India that it might be part of a Western plot to destabilize the Modi government. Indian officials and business leaders are worried that the report, which criticizes India’s market regulator SEBI and accuses it of failing to act on corruption,
Over the last three decades, Europe’s population landscape has dramatically shifted, with some countries experiencing significant growth while others are shrinking rapidly. Western European nations like Türkiye and Ireland have seen their populations soar, partly due to immigration, while many Eastern European and Balkan countries, including Russia and Ukraine, are
Warren Buffett’s Berkshire Hathaway just made headlines with its huge investment in U.S. Treasury bills, surpassing even the Federal Reserve’s holdings. In the first half of the year, Berkshire scooped up $230 billion in these low-risk, short-term securities, making it a major player in this investment arena. Despite his usual
China is making a big shift in its economy to protect itself from global problems like wars and pandemics. Under Xi Jinping’s leadership, the country is focusing on becoming more self-reliant and less dependent on international trade. This strategy, called the “fortress economy,” aims to strengthen China’s internal industries and
