After the Suez Canal incident, the Panama Canal is facing a similar situation, with ships now paying tolls almost eight times higher due to drought. On a recent day, more than fifty ships—from cargo ships loaded with food to tankers transporting propane—were waiting to pass through the Panama Canal. Longer
The yacht “Amadea,” owned by Russian oligarch Suleiman Kerimov, who is under sanctions, costs US taxpayers $1 million a month. According to recent court documents, maintaining a mega-yacht that American authorities bought from a Russian tycoon is costing the government close to $1 million every month. The U.S. Department of
According to The Knight Frank Wealth Report 2024, the amount needed to enter the elite 1% in different countries is detailed below, with Monaco leading at $12.9 million. There has been a notable increase in the number of millionaires worldwide during the past ten years. 1.1% of adults worldwide were
The Reserve Bank of India has requested the nation’s principal state-owned refiners to accept rupees for crude, starting the process of de-dollarization with Gulf exporters. It seems that India is now seeking a similar agreement with Gulf crude exporters, four months after its government rejected efforts from Russian oil corporations
VICE shuts down its website, laying off ‘hundreds’ of staff, and will “transition to a studio model” as part of “fundamental changes to our strategic vision.” Vice.com’s CEO made the announcement late on Thursday that the company had stopped creating new content and fired several hundred staff members. The outlet,
According to Bloomberg, as the social media company continued to lose money, Reddit filed for an IPO to go public. Tens of millions of people use the community-focused message board site Reddit every day, and on Thursday afternoon, the site submitted an S-1 form to the Securities and Exchange Commission.
Based on data from several sources, the countries with the largest gold reserves are the USA, Germany, and Italy. As a hedge and a store of value, gold continues to be significant in times of economic uncertainty. 2023 saw the metal set a new record in December, demonstrating its significance
According to Alex Mena, an IRS official, the IRS is using AI to spy on Americans’ bank accounts and is targeting ordinary citizens. To uncover what they believe to be fraud, the IRS uses artificial intelligence technology to spy on American citizens and company bank accounts without a warrant or
According to the 2030 projections from World Data Lab, China and India are expected to be the world’s largest consumer markets in 2030. The world economy depends on consumers, who also determine market dynamics and serve as the last arbiters of demand. However, where are the largest consumer gatherings located,
