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News & Articles By Belle Carter
07/15/2024
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By Belle Carter
Volkswagen to close Audi Brussels branch due to sharp drop in EV demand
There is a chance that the Volkswagen Auto Group will shut down its luxury brand Audi in Brussels, Belgium because of the sharp drop in demand for high-end electric cars. The low demand has also forced Europe’s top carmaker to cut its margin target for 2024. According to labor sources, Volkswagen has not shut down a […]
07/02/2024
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By Belle Carter
Rep. Massie: Trump has proposed eliminating the income tax and replacing it with tariffs
Former President Donald Trump has proposed eliminating the income tax and replacing it with an “all-tariff” policy on imports, according to a Republican lawmaker. Kentucky Rep. Thomas Massie disclosed this in a post on X, citing a private meeting Trump had with GOP lawmakers at the Capitol Hill Club last month. “Most intriguing policy idea […]
06/28/2024
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By Belle Carter
Russian economist unveils Putin’s masterplan as U.S. dominance ends
Russian President Vladimir Putin started long ago to steer Russia away from the global liberal order. One way he did this is by establishing the Eurasian Economic Union (EAEU) in 2014, which aims to create a new power center to rival the U.S. and Europe. Putin already concluded then that he needed to separate the Eurasian […]
06/27/2024
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By Belle Carter
American consumers are spending less as worsening inflation continues to batter households
Consumers have been more cautious about spending in recent months as they grapple with the soaring cost of living that continues to batter American households, for a few years now. According to new data provided by the Commerce Department, retail sales in May rose only 0.1 percent, falling short of Dow Jones’ expectations of a […]
06/26/2024
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By Belle Carter
Insurance giant Allstate loses $1.4 billion in May from catastrophe insurance claims
Insurance giant Allstate Corporation has reported that it lost over a billion dollars in one month from catastrophe insurance claims. Allstate, headquartered in Illinois, suffered around $1.4 billion in pretax catastrophe losses in May. This amounts to around $1.1 billion in payouts after tax. This is triple what it paid out in catastrophe insurance in April, when losses […]
06/25/2024
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By Belle Carter
U.S. Treasury puts Japan back on currency manipulator watchlist for potential foreign exchange malpractices
The United States Department of the Treasury recently announced that it has once again put Japan on a list of major trading partners that it monitors for potentially unfair foreign exchange practices. Japan had been absent from the watchlist since June 2023. Currency manipulation is an effort to tinker with the value of a nation’s currency about […]
06/18/2024
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By Belle Carter
Bank of Israel advances digital shekel plans; CBDC to be used to surveil, control monetary transactions of Israelis
In line with Israel’s push for a digital currency initiative to accelerate its central bank digital currency (CBDC) development, the Bank of Israel (BoI) is set to collaborate with various service providers to create a digital payment system – the digital shekel. Israel’s central bank outlined its plans in an announcement, revealing the launch of the […]
05/28/2024
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By Belle Carter
House passes bill prohibiting Fed from issuing “surveillance tool” CBDC unless authorized by Congress
The U.S. House of Representatives voted on Thursday, May 23 to bar the Federal Reserve from issuing a central bank digital currency (CBDC) unless it has explicit authorization from Congress. Almost along partisan lines, the CBDC Anti-Surveillance State Act, or HR 5403, passed the chamber by a 216-192 vote with 213 Republicans voting in favor […]
05/22/2024
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By Belle Carter
Financial expert Ray Dalio urges investors to move assets out as he forecasts more than 1 in 3 chance of civil war in America
With the current political and economic situation in the United States, billionaire investor Ray Dalio has urged investors to move some of their money to foreign markets. According to him, this is because the chances of a second American Civil War stand better than one out of three and the U.S. government’s rising debt levels […]
05/21/2024
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By Belle Carter
Analysis reveals trucking industry is BALKING at high cost of operating electric rigs
In line with the administration of President Joe Biden’s push for getting rid of greenhouse gases-emitting vehicles and going for electric cars, the trucking industry has also been endorsing battery-electric big rigs. However, an analysis conducted by truck leasing company Ryder System, which manages 250,000 trucks and vans for tens of thousands of retailers and […]
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