Russia Nearly Completely De-Dollarizes Trade With Key BRICS Allies
95% of Russia’s trade with China and India was conducted in national currencies last year, according to Tatiana Monaghan, secretary general of the International Chamber of Commerce (ICC), in a…
Red Sea Attacks Endanger Global Shipping – Mitsui OSK Lines
The continued tensions in the Red Sea may cause supply chain interruptions that last up to a year, Mitsui OSK Lines (MOL), a major maritime company in Japan has warned…
Bitcoin Hovers Near $50,000 Off ETF Optimism
After reaching the much anticipated $50,000 threshold for the first time in more than two years, Bitcoin stabilized, hovering just below it. It marked an amazing recovery from the cryptocurrency…
Dow Hits A Record As Stocks Close Mixed Amid Wait For Inflation Numbers
Following a record closing in the previous session by the S&P 500 index, US stocks finished neutral on Monday as investors prepared for the first significant inflation update of the…
Manufacturers Flee Germany As Energy Inflation Continues
One of every three German manufacturers is thinking about relocating abroad amid the bloc’s economic difficulties, twice the number of 2022, Bild media sources reported Saturday, noted Siegfried Russwurm, the…
Global Shipping Not Yet Impacted By Houthi Attacks
IMF managing director Kristalina Georgieva told the Washington Post this week that while the Houthi rebel attacks on ships in the Red Sea have increased insurance and shipping costs, they…
China Expects Next-Gen Chip Production This Year
Despite US efforts to impede the Asian country’s technical progress, Chinese chipmakers anticipate producing next-generation smartphone chips as early as this year, the Financial Times reported this week. The largest…
Citibank Discourages Alcohol Consumption At Client Functions
Following accusations of inappropriate behavior, US banking behemoth Citigroup has advised staff to limit their alcohol consumption at client functions. Bloomberg this week reported,, citing individuals within the organization. According…
Wealthy Nations Heading To Fiscal Death Due To Debt – Art Laffer
Major economies that neglect to address their mounting debts will suffer a “fiscal death,” the head of venture capital firm Laffer Tengler Invesments, Arthur Laffer, has cautioned. In an interview…