marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
Europe
01/05/2024
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By Kevin Hughes
Chinese electric car manufacturer BYD OVERTAKES Tesla as world’s top seller of EVs
Chinese electric vehicle manufacturer Build Your Dreams (BYD) has surpassed Elon Musk’s Tesla as the world’s top seller of EVs. BYD, which has been supported by the American investment billionaire Warren Buffett since 2008, has defeated Tesla’s production for the second straight year. BYD announced that it made 3.02 new EVs in 2023. Meanwhile, Tesla recently announced […]
12/22/2023
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By News Editors
Russia rules the waves: While the West is suffering losses from maritime trade, Moscow’s volume is increasing
In the midst of an already turbulent global landscape, a seismic geopolitical crisis is unfolding, with Houthi militants targeting ships on crucial maritime routes. Recent provocations aimed primarily at Western vessels signal a profound shift, with the potential to reshape the dynamics of global trade. (Article republished from RT.com) Amid the fallout from the Ukraine […]
11/29/2023
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By Olivia Cook
Amazon workers across Europe staged a WALKOUT on Black Friday to protest measly pay, working conditions
On Black Friday, Nov. 24, one of the busiest days of the year, workers at Amazon fulfillment centers and warehouses located at multiple locations across Europe walked out in protest against the U.S. e-commerce giant’s labor practices. The “Make Amazon Pay Day” initiative – a campaign coordinated by the UNI Global Union – made the call […]
09/26/2023
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By Richard Brown
As Americans find Biden too old, Blackstone CEO sees surprise in 2024 elections
Nearly eight out of 10 Americans think President Biden is too old to serve another term, including 69 percent of Democrats. This is why Steve Schwarzman, a 76-year-old prominent Republican donor, believes that the 2024 elections might introduce a surprise element. “Apparently, the public is not that interested in really older people,” Schwarzman said in […]
09/06/2023
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By Arsenio Toledo
60% of recipients of Sweden’s unemployment benefits are IMMIGRANTS, and slightly under half are of non-European origin
New data unveiled by the government of Sweden showed that around 60 percent of recipients of unemployment benefits in the country were not born in Sweden – and slightly under half of those are “non-European immigrants.” At a press conference where senior Swedish government ministers announced a job tax cut that could see families save around […]
08/24/2023
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By Arsenio Toledo
IMPLOSION: Latest data shows Europe’s economy has contracted to its lowest activity level since first year of pandemic
Data coming out of Europe shows that business activity this month has contracted to its lowest level since November 2020. In the Eurozone – the parts of the continent that currently use the euro as its main legal currency – the HCOB Flash Eurozone composite purchasing managers’ index (PMI) fell to 47.0 in August from 48.6 in July, its […]
08/17/2023
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By Laura Harris
India not turning away from Russian Urals crude even as discount to global benchmarks narrows
Indian buyers see no reason to turn away from Russian Urals crude even as the discount to global benchmarks narrows. They argue that similar-quality barrels from the Middle East remain more expensive. In 2022, Russia became the leading supplier of crude due to affordable prices and good control of energy inflation. Earlier this year, the discount […]
06/20/2023
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By Laura Harris
Central banks are badly losing their war against FOOD INFLATION
Amid a wave of interest rate hikes by central banks across the globe, the surge in food prices continues unabated. Experts associated this phenomenon with two key factors: the inelasticity of food demand and a looming long-term supply crisis. Despite the best efforts of central banks to rein in inflation through interest rate adjustments, the fundamental need […]
06/02/2023
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By Cassie B.
Germany falls into RECESSION amid high energy prices and drop in consumer spending
Germany, home to Europe’s biggest economy, has now fallen into a recession as consumer spending drops in the wake of higher energy prices. During the first quarter of the year, the company’s GDP dropped by 0.3 percent, following a contraction of 0.5 percent during the last quarter of 2022. This meant Germany met the definition […]
05/24/2023
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By Laura Harris
IEA report: Nearly 80% of Russian crude oil has been rerouted from EU to China and India
The vast majority of Russian oil exports had been rerouted to China and India as Moscow continues to reduce its dependence on the European Union (EU) oil trade. In April, Russian oil exports reached their highest level in 14 months, with almost 80 percent heading to Asian markets due to Western sanctions, according to a recent report by the International […]
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