De Beers, one of the world’s biggest diamond companies, has found itself in a tough spot. According to the Financial Times, the company has gathered the biggest pile of diamonds it’s had since the 2008 financial crisis. This huge stockpile, worth around $2 billion, is a sign of trouble in
Russia has started working on a huge new gas pipeline to China, which will also pass through Kazakhstan. This pipeline is expected to deliver up to 45 billion cubic meters (bcm) of gas every year, with China set to receive 35 bcm, and Kazakhstan getting the rest. The project is
In 2024, Russians have spent a staggering amount of money on mystical services like astrology, numerology, and fortune telling—almost as much as they spent on food. According to the newspaper MK, the market for these “magical” services has grown rapidly, with income in the occult industry increasing by 20% last
Adani Group, one of India’s largest and most powerful companies, has been making big moves in Africa. With a valuation of over $150 billion, the conglomerate has built a vast network across Asia and Africa, investing in infrastructure, energy, and real estate. However, in late November, this expansion hit a
In November, President-elect Donald Trump made a surprising move by appointing Elon Musk and billionaire Vivek Ramaswamy to lead a new government panel called the Department of Government Efficiency (DOGE). Their mission? To find and cut wasteful spending in the U.S. government and save taxpayers billions, or even trillions, of
Malawi, a small African nation with big ambitions, has taken on a massive fight. The government is demanding an astonishing $313 billion in unpaid taxes and revenue from three powerful companies: a US-based gemstone dealer, a French energy giant, and a Turkish tobacco firm. This amount is nearly 300 times
Bangladesh’s interim government, led by Nobel Peace Prize winner Muhammad Yunus, has raised serious questions about a major energy deal with Adani Power, a company owned by Indian billionaire Gautam Adani. This deal, signed in 2017 under the rule of former Prime Minister Sheikh Hasina, has now become a hot
Young Americans today are richer than ever before. According to a new report from the Treasury Department, people under 40 have seen their wealth skyrocket in recent years. But there’s a catch: despite this financial boom, many feel more economically vulnerable than ever. Why is this happening? Let’s break it
When the UK left the European Union (EU), it wasn’t just a political change. It led to a huge drop in trade, costing the country around $34 billion during the first two years of the EU-UK Trade and Cooperation Agreement (TCA). This new study, done by the London School of
