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News & Articles By Richard Brown
04/11/2024
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By Richard Brown
Chinese renminbi replacing the U.S. dollar as most traded currency in Russia’s foreign exchange market
The Central Bank of Russia has just released a financial risk review noting how trading in the Chinese renminbi reached a historic high in March. This surge in yuan usage comes as part of Russia’s ongoing shift away from major Western currencies, spurred by sanctions imposed by the United States and the European Union over […]
04/03/2024
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By Richard Brown
Homeless encampments make Los Angeles look like a Third World country
Downtown Los Angeles has been likened to a “third world” area following the release of disturbing footage showcasing a homeless encampment, complete with open fires in the streets and sidewalks strewn with trash. The alarming video, shared by Fox News reporter Bill Melugin on X, reveals numerous homeless individuals gathered on filthy sidewalks at the […]
03/27/2024
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By Richard Brown
Putin successfully using GOLD to defeat international sanctions on Russia
Since the Western world implemented widespread sanctions against Russia over its special military operation in Ukraine in early 2022, President Vladimir Putin’s strategy for evading economic disaster has relied on linking the ruble’s value to gold, sparking both intrigue and concern globally. Despite facing an onslaught of over 16,000 sanctions, targeting everything from Russian trade, […]
03/22/2024
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By Richard Brown
JOBS CRISIS: Almost 107 million Americans are not in the labor force
The economy’s current state has left many perplexed as widespread mass layoffs by large employers are occurring nationwide, creating significant challenges for job seekers. Despite these economic hurdles, the administration of President Joe Biden and mainstream media maintain an optimistic narrative, asserting that the unemployment rate is low and everything is under control. The recent […]
02/26/2024
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By Richard Brown
U.S., other countries impose sanctions on over 500 Russian economic targets to mark the second anniversary of war in Ukraine
The United States and other countries have marked the second anniversary of the ongoing war in Ukraine with more sanctions targeting Russia. These sanctions include over 500 targets and will specifically focus on Russia’s military-industrial complex and companies in countries that facilitate Russia’s access to desired goods, according to Deputy U.S. Treasury Secretary Wally Adeyemo. The move is […]
02/19/2024
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By Richard Brown
DEDOLLARIZATION IN MOTION: Egypt moves against U.S. dollar, seeks trade settlements with BRICS states
Egypt is actively pursuing negotiations to decrease reliance on the U.S. dollar for trade settlements with other BRICS states, according to the country’s Ministry of Foreign Affairs. The decision to embrace national currencies is driven by the need to counteract rising costs associated with using foreign currencies due to global inflation. Ragy El Etreby, Egypt’s […]
02/13/2024
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By Richard Brown
FORGED IN FIRE: Russia-China ties reach “unprecedented” level amid tensions with the West
A newly released report from both the Kremlin and China sheds light on the “unprecedented” nature of the relationship between Russian President Vladimir Putin and Chinese President Xi Jinping. In the face of global criticism surrounding Putin’s decision to invade Ukraine in 2022, Xi stands out as one of the few world leaders who has […]
01/24/2024
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By Richard Brown
Red Sea attacks have DOUBLED the average cost of container shipping
The global shipping industry is grappling with a significant upheaval as the average cost of containers has surged to more than double its previous rate within just one month. The primary driver behind this unprecedented increase is the ongoing disruption caused by Houthi attacks on cargo vessels navigating the Red Sea. These attacks, stemming from […]
01/23/2024
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By Richard Brown
Maersk to customers: Brace for complications, disruptions in Red Sea
The situation in the Red Sea has become increasingly complex following President Joe Biden’s military strikes against Iran-backed Houthi anti-ship missile bases, raising serious concerns about global supply chain stability and economic growth. The Houthi rebels’ continued attacks on commercial vessels in the region have led to significant repercussions for the international shipping industry. Top […]
01/19/2024
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By Richard Brown
China urges U.S. to exercise restraint against Houthi rebels as Red Sea conflict poses threat to Beijing’s economic and diplomatic interests
China has issued a warning to the United States, urging restraint in its actions against Houthi rebels in Yemen as the conflict in the Red Sea intensifies, posing potential threat to Beijing’s economic and diplomatic interests. The Houthis’ persistent campaign to disrupt maritime traffic through crucial Middle East waterways, such as the Suez Canal and […]
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