Thursday , January 27 2022
Home / Tag Archives: dominance

Tag Archives: dominance

Facebook faces $3bn+ legal action over dominance

Social media giant Facebook, now known as Meta Platforms, faces a class action lawsuit in Britain, seeking at least £2.3 billion (over $3.1 billion) in damages, over allegations the company had exploited users’ data for profit. The case is being brought by Liza Lovdahl Gormsen, a senior adviser to Britain’s …

Read More »

China exerts global rare earths dominance

The mega-mining entity has been formed by consolidating rare earth subsidiaries of state-owned corporations such as China Minmetals, Aluminum Corporation of China, and Ganzhou Rare Earth Group, according to a stock exchange filing seen by Bloomberg. Dubbed China Rare-Earths Group, the new enterprise is expected to ramp up the development …

Read More »

China will end US dominance – Putin

Within the next three decades, China will surpass the US in every aspect of its economy, Vladimir Putin said, predicting that America will lose its position of dominance in finance and trade. Speaking to journalists at his annual end-of-year press conference on Thursday, Putin pointed out that “today, China’s economy …

Read More »

China & Russia are ready to end US dominance of global finance

China and Russia have been gradually moving towards such an arrangement since the Global Financial Crisis of 2008 revealed the risks of excessive reliance on the US. However, American economic sanctions against both Moscow and Beijing appear to have intensified the search for alternatives. Banking on Washington The American-centric financial architecture …

Read More »

Investment guru says days of US dollar dominance are numbered

“I hope I am smart enough to sell it during the next major strengthening,” Rogers said, as quoted by Russian business daily RBK. The investment guru admitted that people still see the US national currency as a safe haven during bad times. However, another appreciation might even result in a …

Read More »