marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
European Union
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 […]
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 […]
12/29/2023
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By Ethan Huff
Western sanctions on Russia “seriously underestimated” Moscow’s economic strength
The Group of Seven (G7) and the European Union (EU) made a serious mistake in calculating the effectiveness of their post-Ukraine invasion sanctions on Russia. Instead of having the intended effect of crippling Moscow’s energy revenues, Western sanctions on Russian exports have done a whole lot of nothing as the “formal effectiveness” of the plan […]
10/19/2023
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By Zoey Sky
Banker says Russian electricity is 10X cheaper than that of the U.K., at least 4X cheaper than the EU’s
A leading banker from PJSC Sberbank (formerly Sberbank of Russia) said electricity costs for Russian consumers are about 10 times lower than in the U.K. and at least four times less than in the European Union (EU). The banker was referring to prices for households and businesses. Anatoly Popov, deputy chairman of the board of Russia’s largest lender, disclosed this […]
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 […]
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 […]
03/31/2023
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By Kevin Hughes
US, Japan sign trade agreement on minerals for electric vehicle batteries
The United States and Japan signed a trade agreement Tuesday, March 28, on electric vehicle (EV) battery minerals. The agreement bolsters both countries’ battery supply chains and gives Japanese automakers broader access to the $7,500 U.S. EV tax credit. A senior Biden administration official said the deal prevents the two countries from approving bilateral export restrictions on […]
03/31/2023
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By Arsenio Toledo
European Parliament to criminalize physical cash use by imposing limit on cash transactions
A member of the European Parliament (MEP) has warned that the European Union (EU) is in danger of “criminalizing” the use of physical cash in favor of using digital currencies with its new anti-money laundering laws. Politicians in the European Parliament, the EU’s main legislative body, have long been campaigning to impose an upper legal […]
03/16/2023
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By Belle Carter
Aluminum company Speira closes down German plant
Global aluminum company Speira announced that it will close down its Rheinwerk plant in Germany. According to a Bloomberg report, the closure followed a 50 percent cut in production announced by the company in September 2022. The media outlet added that this serves as “a fresh sign of the damage wrought by an energy crisis that’s […]
02/22/2023
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By Arsenio Toledo
G7 and EU to track and sanction trade of Russian diamonds
The Group of Seven nations (G7) and the European Union (EU) are discussing ways to track the trade of Russian diamonds outside the country’s borders. If successful, the West could soon implement sanctions against the Russian gem trade. According to the Kimberley Process Certification Scheme, established in the early 2000s, a diamond’s origin must be […]
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