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US dollar’s dominance in oil markets may face challenge as Saudis reportedly eye yuan-based sales deal with China
US dollar’s dominance in oil markets may face challenge as Saudis reportedly eye yuan-based sales deal with China Saudi Crown Prince Mohammed bin Salman and Chinese President Xi Jinping. Lintao Zhang/Getty Images Saudi Arabia is in talks to sell oil to China and be paid in yuan, according to the Wall Street Journal. For nearly 50 […]
The world’s biggest carbon-removal plant just opened. In a year, it’ll negate just 3 seconds’ worth of global emissions.
The world’s biggest carbon-removal plant just opened. In a year, it’ll negate just 3 seconds’ worth of global emissions. ‘Orca,’ Climeworks’ new facility in Iceland, can capture 4,000 tons of carbon dioxide per year. Business Wire via AP The world’s biggest carbon-capture plant – which sucks carbon dioxide out of the air – just opened. A UN […]
Leaked Covid-19 Documents: Hospitals Prep For 96 Million Infections & 480K Deaths
LEAKED COVID-19 DOCUMENTS: HOSPITALS PREP FOR 96 MILLION INFECTIONS & 480K DEATHS Leaked medical conference documents have warned that hospitals across the United States are preparing for 96 million coronavirus infections. Not only that, but the same document wants hospitals to make preparations for 480,000 deaths from this outbreak. the American Hospital Association (AHA) conference […]
THE TRUCKING “BLOODBATH” CONTINUES AS 4,500 TRUCKERS LOSE THEIR JOBS
THE TRUCKING “BLOODBATH” CONTINUES AS 4,500 TRUCKERS LOSE THEIR JOBS The federal government’s jobs report has confirmed that truckers are losing their jobs by the thousands. According to preliminary payroll numbers reported by the Bureau of Labor Statistics last week, around 4,500 trucking jobs were eliminated in the month of August alone. The worst part […]
Here’s what happens when two hurricanes collide
Here’s what happens when two hurricanes collide When two hurricanes collide, the phenomenon is called the Fujiwhara effect. If two cyclones pass within 900 miles of each other, they can start to orbit. If the two storms get to within 190 miles of each other, they’ll collide or merge. This can turn two smaller storms into one […]
The next recession could force the Fed to cut interest rates into negative territory. Here’s what that means, and how it could affect you.
The next recession could force the Fed to cut interest rates into negative territory. Here’s what that means, and how it could affect you. The San Francisco Federal Reserve recently published a paper indicating that an unprecedented policy step, if adopted, would have helped the economy recover more quickly from the most recent financial crisis. […]
US sanctions on Venezuela could lead to higher gas prices
US sanctions on Venezuela could lead to higher gas prices MANDEL NGAN/AFP/Getty Images The Trump administration announced last week it would impose sanctions on Venezuela’s state-run oil industry. That could lead to higher energy prices, especially in wake of the US withdrawal from the Joint Comprehensive Plan of Action. Together with Iran sanctions, analysts say the […]
China’s ‘zombie’ companies are a big threat to the economy — and JPMorgan says their debt pile means the country could be slowing faster than anyone thought
China’s ‘zombie’ companies are a big threat to the economy — and JPMorgan says their debt pile means the country could be slowing faster than anyone thought China’s economy is beset by huge public and corporate debt problems which threaten to derail the country’s growth story, according to JPMorgan. Economic growth in China has been […]
Trump’s trade war isn’t about trade anymore — it’s plainly about beating China in the next great war
Trump’s trade war isn’t about trade anymore — it’s plainly about beating China in the next great war President Donald Trump’s trade war with China started with tariffs and talk of trade deficits but quickly moved to addressing deep US national-security concerns about Beijing spying and stealing technology. In 2018, the US’s trade deficit with […]
Apple has disabled group FaceTime calls after it was humiliated on Data Privacy Day by a bug that lets people listen in on you
Apple has disabled group FaceTime calls after it was humiliated on Data Privacy Day by a bug that lets people listen in on you Apple temporarily disabled group FaceTime calls after it was alerted to a major bug, which allows iPhone or iPad users to secretly hear what someone is saying before they answer the […]
What will happen when Earth’s north and south poles flip
What will happen when Earth’s north and south poles flip Earth’s magnetic field is what protects our planet from harmful space radiation. But our protective shield might soon go into a transformation that could threaten the lives on Earth. This video shows what will happen when Earth’s magnetic poles flip. Did you know that Earth […]
The founder of the World Economic Forum shares what he sees as the biggest threat to the global economy
The founder of the World Economic Forum shares what he sees as the biggest threat to the global economy Economist Klaus Schwab is the founder and executive chairman of the World Economic Forum which will be holding it’s Annual Meeting in Davos, Switzerland January 22-25, 2019. Schwab explains the theme of this year’s meeting, “Globalization […]
Stocks are falling after a fresh set of horrible data out of China reignited worries about the global economy
Stocks are falling after a fresh set of horrible data out of China reignited worries about the global economy Another day, another weak set of Chinese data.REUTERS/Darley Shen A fresh set of troublingly poor data out of China has investors running for cover on Monday, with all major stock indexes around the world losing ground […]
Grocery stores would run out of food in 3 days if long-haul truckers stopped working
Grocery stores would run out of food in 3 days if long-haul truckers stopped working Your favorite products wouldn’t be available for too long if truckers stopped working.AP Photo/Matt Rourke Trucking moves 71% of the freight in the United States. Most of the basic functions of society wouldn’t be effective if truckers were to stop […]
The Trade War Is Getting Worse For U.S. Businesses
The Trade War Is Getting Worse For U.S. Businesses President Donald Trump’s trade war is making things even worse than before for businesses in the United States. The trade war has been dragging on for four long months now, and the pain is being felt financially. Companies’ earlier worries are starting to translate into actual financial pain as new orders […]
