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News & Articles By Belle Carter
04/28/2023
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By Belle Carter
Dollar DEMISE: Yuan overtakes dollar in China’s cross-border payments
Data from China’s State Administration of Foreign Exchange (SAFE) revealed that the Chinese yuan (CNY) surpassed the United States dollar (USD) as the most-used currency in China’s cross-border transactions last month. Cross-border payments and receipts in yuan surged from the equivalent of $434.5 billion in February to a record $549.9 billion in March, according to […]
04/27/2023
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By Belle Carter
Argentina sees boom in lithium production as Chile tightens control
Sitting within the so-called “lithium triangle,” Argentina’s strong pipeline of lithium projects seeks to unlock a wave of production that could see its output of the key electric vehicle battery metal triple within the next two years. The projects are soon to go online in the mountainous north of Argentina, the world’s fourth-largest producer of lithium, a […]
04/27/2023
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By Belle Carter
FedEx shuts down pilot bases in Alaska, California and Germany to cut billions in structural costs
Global supply chain market intelligence provider FreightWaves recently reported that FedEx will be closing pilot bases in Alaska, California and Germany, a big piece of the parcel carrier’s strategy to streamline operations and improve efficiency and profitability. The said decision is also a part of the company’s aggressive campaign – dubbed “DRIVE” – to eliminate […]
04/25/2023
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By Belle Carter
David DuByne: US gov’t accelerated collapse of financial institutions to introduce CBDCs – Brighteon.TV
“Adapt 2030” host David DuByne has denounced the U.S. government for pushing central bank digital currencies (CBDCs) that it previously deemed “unthinkable.” During the April 14 edition of his program on Brighteon.TV, he slammed Washington for accelerating the collapse of financial institutions to introduce CBDCs. “This is a track-and-trace digital ID that puts a social credit score […]
04/25/2023
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By Belle Carter
Mannarino chides Federal Reserve for DOWNPLAYING financial collapse as “mild recession”
Capital markets trader Gregory Mannarino has chided the Federal Reserve for downplaying the full extent of the financial collapse as merely a “mild recession.” “A mild recession? Meanwhile, we just got news … that the economy is actually slowing down faster than they believed it would; with employment growth slowing faster than they thought it […]
04/19/2023
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By Belle Carter
India set to surpass China as world’s most populous nation
The United Nations (UN) recently projected that India is set to surpass China’s population, which has reigned as the most populous country for more than two centuries. The UN noted that this is to take place sometime this year, while many demographers estimate it could happen this month if it hasn’t already. India’s population is expected to reach […]
04/18/2023
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By Belle Carter
Gen Y and Z Brits resorting to “buy now, pay later” schemes to manage finances
Britons part of Generations Y and Z are four times more likely to rely on buy now, pay later (BNPL) schemes to keep up with the country’s cost-of-living crisis, according to a study by credit broker Credit Karma. The research done found that Generation Y and Z use BNPL schemes more frequently than older generations. […]
04/16/2023
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By Belle Carter
PULLING THE PLUG: Bank of America clients withdraw $2.3B from US securities, bank strategist says
Bank strategist Jill Carey Hall said in a note Tuesday, April 11, that Bank of America (BofA) clients sold around $2.3 billion in U.S. equities of all sizes last week, despite the relative quiet in the stock market. BofA financial analysts led by Hall indicated that that was the second consecutive week of outflows, but they […]
04/14/2023
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By Belle Carter
Driving on an empty tank: Florida trucking company files for bankruptcy as transportation demand plummets
Florida-based trucking company Makena Express filed for Chapter 11 bankruptcy protections as the impact of the Wuhan coronavirus (COVID-19) pandemic continues to wreck the state’s economy. Makena Trading Corp. of Pembroke Pines, Florida, doing business as Makena Express, filed its bankruptcy petition with the U.S. Bankruptcy Court of the Southern District of Florida on Monday, April […]
04/14/2023
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By Belle Carter
Walmart to close four “unprofitable” stores in Chicago as America’s economic decline accelerates
Retail giant Walmart announced that it would close four of its eight stores in Chicago, claiming that the four locations were “unprofitable.” The four stores located in the Kenwood, Lakeview, Little Village and Chatham neighborhoods will close on April 16, although their pharmacies will remain open for up to 30 days. In a statement, the […]
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