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News & Articles By Richard Brown
01/09/2024
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By Richard Brown
Over 55,000 companies shut down in France as country’s economy implodes
France witnessed a record-breaking year for business closures in 2023, with over 55,000 companies shutting down, according to data compiled by the Bank of France as of December. The statistics, released by the regulator on Saturday, reveal that an average of 55,492 companies faced bankruptcy or liquidation over the past 12 months. While the surge […]
01/03/2024
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By Richard Brown
Worst is yet to come: Banking crisis is far from over
The turbulence of the banking crisis is far from over. Despite a temporary lull following the collapse of several banking giants earlier this year, ominous signs suggest that the worst is yet to unfold. Reports indicate that a staggering 2,118 bank branches shuttered in 2023 alone, with the data encompassing only 10 months of the year. […]
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 […]
12/22/2023
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By Richard Brown
U.S., Europe explore possibility of seizing frozen Russian assets and giving them to Ukraine as American funding dries up
The administration of President Joe Biden is actively exploring the possibility of seizing over $300 billion worth of Russian Central Bank assets currently held in the Western world to bolster Ukraine’s war effort. This bold initiative comes at a critical juncture as Ukraine faces waning financial support from its biggest contributor, the United States. Secretary […]
12/07/2023
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By Richard Brown
It’s never enough – NATO chief wants MORE AID for Ukraine
North Atlantic Treaty Organization (NATO) Secretary-General Jens Stoltenberg has warned about potential negative developments in the Ukraine-Russia conflict, emphasizing the need to support Ukraine during both favorable and challenging phases. “We just have to stay the course. This is also about our security interests,” Stoltenberg said during a meeting of NATO foreign ministers in Brussels. […]
11/03/2023
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By Richard Brown
Biden’s wind energy plans in peril as Orsted abandons 2 major U.S. projects
The wind energy plans promoted by President Joe Biden are facing tough challenges as the world’s largest offshore wind farm developer has abandoned two major U.S. projects due to supply chain disruptions and interest rate impacts. Orsted A/S, the developer, cited “negative developments from adverse impacts relating to supply chains, increased interest rates, and the […]
11/02/2023
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By Richard Brown
Biden administration suspends issuance of export licenses for civilian firearms and ammunition in latest attack on gun industry
The United States has implemented a 90-day suspension of export licenses for most civilian firearms and ammunition to non-governmental users. This decision, attributed to national security and foreign policy considerations, was announced by the Department of Commerce (DOC) in October. The DOC has not provided further particulars regarding the suspension, which encompasses shotguns and optical sights. […]
11/02/2023
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By Richard Brown
GREEN PANIC: Siemens Energy shares crash 37% after admitting wind turbine troubles
The shares of energy firm Siemens Energy took a nosedive on Oct. 23, plunging by 37 percent as it issued a warning about challenges in its wind turbine business. Siemens Gamesa, its wind energy business division, is actively addressing these challenges – which include turbine quality issues and offshore ramp-up problems. These issues had been previously […]
10/24/2023
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By Richard Brown
FTX founder Sam Bankman-Fried donated customer funds to Democrats, former engineer testifies
Nishad Singh, a former engineer for the cryptocurrency exchange FTX, said its founder Sam Bankman-Fried had donated customers’ money to Democratic political causes. In simple terms, Singh’s testimony indicated that Bankman-Fried used customer funds for political donations to Democrats. According to Singh, upon discovering the financial shortfall, he had a lengthy conversation with Bankman-Fried in […]
10/23/2023
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By Richard Brown
END OF THE ROAD: Digital freight startup founded by ex-Amazon execs suspends operations
Convoy, the digital freight startup founded by former Amazon executives, is navigating a challenging transition as it suspends its operations and looks to diversify its business strategies. Despite raising an impressive $260 million in a funding round just last year, which valued the company at a significant $3.8 billion, Convoy has been grappling with the […]
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