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News & Articles By Arsenio Toledo
05/04/2023
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By Arsenio Toledo
BRICS to lay foundation for EXPANSION: 13 Nations formally asked to join group, 6 others expressed interest
Nineteen nations have expressed interest in joining the BRICS group of nations. The bloc of emerging markets and developing economies made up of Brazil, Russia, India, China and South Africa will be meeting in Cape Town in the latter nation from June 2 to 3 to discuss its possible enlargement. “What will be discussed is […]
05/03/2023
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By Arsenio Toledo
Parent company of left-wing news site Vice to file for BANKRUPTCY
The parent company of left-wing online news outlet Vice is preparing to file for bankruptcy. Anonymous sources familiar with the Vice Media Group’s financial straits confirmed to other media outlets that the company is currently in negotiations with potential buyers, but these talks reportedly bogged down because Vice Media executives are struggling to get a price of […]
05/03/2023
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By Arsenio Toledo
Survey: 75% of people in Joe Biden’s America believe the country’s economy is GETTING WORSE
Despite President Joe Biden’s claim that the American economy is booming, a recent Gallup survey shows that 75 percent of Americans believe the economic conditions in the country are declining. Gallup released its latest poll just as Biden announced that he would be running for another term, and with his job approval rating among the American […]
05/03/2023
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By Arsenio Toledo
DE-DOLLARIZATION: China now uses the yuan for cross-border transactions more than it uses the US dollar
The Chinese yuan has overtaken the United States dollar to become China’s most-used currency for cross-border transactions. This is according to the latest data from the State Administration of Foreign Exchange (SAFE), an agency within the People’s Bank of China, the Chinese central bank. SAFE recorded that cross-border payments and receipts in the yuan rose to […]
05/02/2023
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By Arsenio Toledo
Cost of shipping cargo across the seas in freefall due to lower demand
Shipping rates all over the world are continuing their freefall, with the latest victim being spot rates for the trans-Atlantic shipping routes. Container rates have sunk since peaking in August last year, with long-term ocean freight rates falling by as much as 24 percent. (Related: Global shipping to split into Western and Eastern blocs soon.) According to the […]
05/01/2023
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By Arsenio Toledo
The American economy cannot afford another four years of a Biden presidency
The economy of the United States would effectively collapse if President Joe Biden gets another full term. This is according to financial expert Carol Roth, who noted in an opinion piece for The Blaze and during an interview with Glenn Beck that the president’s policies have disproportionately affected the American middle class. “[Biden] and his cronies, […]
04/27/2023
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By Arsenio Toledo
Russian and Iranian officials discuss ways to WEAKEN THE DOLLAR
Russian and Iranian officials recently met in Tehran to discuss ways in which both nations can weaken the American dollar. The Jerusalem Post broke the story about the meeting, which took place on April 9 between Iranian Secretary of the Supreme National Security Council Ali Shamkhani and Russian Aide to the President and Secretary of […]
04/26/2023
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By Arsenio Toledo
Manufacturing giant 3M announces mass layoffs in preparation for a recession
Manufacturing conglomerate 3M announced massive layoffs on Tuesday, April 25, as part of another major restructuring plan influenced by the downturn in the American manufacturing sector and the possibility of a recession. The layoffs will affect around 6,000 staff around the world. According to 3M, this round of layoffs will help streamline corporate operations, simplify the company’s […]
04/26/2023
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By Arsenio Toledo
Credit Suisse lost over $68 billion in assets in Q1, bank’s turmoil continues
Credit Suisse reported on Monday, April 24, that it saw over 61 billion Swiss francs ($68.47 billion) in assets leave the bank during the first quarter of the year. The Zurich, Switzerland-based bank cited the “significant net asset outflows” as it posed results skewed by the debacle involving the Swiss government’s arranged merger with Credit […]
04/26/2023
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By Arsenio Toledo
Global military spending hits record-high $2.24 trillion amid ongoing conflict in Ukraine, heightened tension in Taiwan
Global military spending in 2022 rose to a record-high $2.24 trillion, spurred on by massive increases in national military budgets in the wake of increased global tensions, particularly in Ukraine and Taiwan. This is according to the Stockholm International Peace Research Institute (SIPRI), which released its annual report on global military expenditures on Monday, April […]
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