Central banks worldwide buying up massive amounts of gold in a shift away from US dollar – Goldman Sachs
December 12, 2019 at 02:34 AM
Gold prices will climb to $1,600 per ounce over the next year, Wall Street bank Goldman Sachs projects. It says that central banks are consuming a fifth of the global supply of the yellow metal. Read More »
US-China trade talks are a ‘shadow boxing game that isn’t real,’ Prof. Wolff tells Boom Bust
December 08, 2019 at 07:12 AM
Nothing fundamental in the US-China trade spat is going to change in the near future, according to Richard Wolff of the Economic Update. Read More »
US headed for ‘economic disaster’ worse than in 2008, Peter Schiff tells Boom Bust
December 02, 2019 at 06:20 AM
US President Donald Trump said a deal between Washington and Beijing is more likely, following a phone call between the negotiators of both countries on Tuesday. Read More »
Asia needs to invest $800 BILLION in the next ten years to solve food crisis –
December 01, 2019 at 04:31 AM
Asia’s population could grow by approximately 250 million in the next decade. While consumers are demanding safer, healthier, and more sustainable food, a new study shows the continent is “unable to feed itself.” Read More »
Poland brings home 100 tons of gold from Bank of England
November 28, 2019 at 10:29 AM
Poland, which has been rapidly boosting its bullion reserves over the past two years, has repatriated around 100 tons of gold from the Bank of England’s vaults in London. Read More »
Iranian Companies to Build 30,000 Residential Units in Syria – Reports
November 28, 2019 at 10:25 AM
MOSCOW (Sputnik) - According to reports, the housing ministers of their respective countries will sign a contract on Tuesday, under which Iranian firms will construct 30,000 residential units in the Syrian capital, Damascus. Read More »
Global economy will remain fragile next year, Moody’s says
November 26, 2019 at 11:54 AM
The world economy has witnessed the lowest global growth this year since the 2009 recession, according to international rating agency Moody’s. It expects the economy to stay fragile as risks to credit conditions rise. Read More »
US-China tensions could lead to a conflict worse than First World War, Henry Kissinger warns
November 25, 2019 at 09:27 AM
Left unchecked, the brewing rivalry between China and the United States could spark a conflict more devastating than the First World War, former US Secretary of State Henry Kissinger has cautioned. Read More »
China's Xi Jinping Says Wants Trade Deal With US, But Will 'Fight Back' if Necessary
November 24, 2019 at 01:19 PM
Washington and Beijing are still discussing phase one of a trade deal after being engaged in a lengthy trade war, slapping several rounds of additional tariffs and restrictions on each other. Read More »
Bill Gates Tops Jeff Bezos as World’s Richest Person
November 21, 2019 at 09:35 AM
Microsoft co-founder Bill Gates overtook Amazon’s Jeff Bezos as the world’s richest person on Friday, reclaiming the top ranking for the first time in more than two years. Read More »
