China’s wealth skyrocketed over the past two decades, the consulting company said according to Bloomberg, explaining that its net worth increased by a whopping 17 times from $7 trillion in 2000 to $120 trillion in 2020. The nation accounted for about one third of the global net worth increase over …
Read More »RT’s Keiser Report in quest of solution to global supply-chain crisis
According to the expert, the current crisis comes as a result of an interconnected and highly complex supply chain that has been built over the past two decades and is highly reliable on imports. “If you have a bottleneck anywhere in that process, it breaks down,” Denninger said. For more …
Read More »Russia gives gloomy estimates for global pandemic losses
“According to various estimates, the losses of the world economy from the pandemic total from $4 trillion to $10 trillion, with the bulk of those losses accounting particularly for budgets of regions and municipalities,” Kudrin stated, adding that the healthcare systems of countries were unprepared for the outbreak. “Health, social …
Read More »Global elites flying private jets to COP26 climate conference emit more CO2 than hundreds of citizens would in a year – UK media
More than 400 private jets carrying politicians and business executives to this week’s conference will belch out 13,000 tons of carbon dioxide, exceeding the emissions of 1,600 average Scots for a full year, according to an estimate by the UK’s Sunday Mail. “Private jets are very prestigious, but it is …
Read More »Oil hits multi-year highs on tight global supply
Global benchmark Brent crude jumped 71 cents, or 0.8%, to $86.24 a barrel, continuing growth after seven consecutive weekly gains. Earlier in the session, Brent price brushed $86.43 a barrel, reaching its highest level since October 2018. US benchmark West Texas Intermediate (WTI) crude futures gained 87 cents, or 1%, …
Read More »Are an ex-NSA chief’s calls for a ‘global cyberattack radar’ really a way for Washington to be able to start wars via false flag?
Keith Alexander, who served as Director of the National Security Agency from 2005 to 2014, has called on the US and its ‘Five Eyes’ allies to construct a global unified cyber-defense ‘radar’ to protect critical infrastructure from foreign hackers. Speaking at an Australian Strategic Policy Institute webinar alongside Abigail Bradshaw, …
Read More »China’s сoal and power crisis hits global economy
Last week, coal futures in China closed at a record high after sixty coal mines in the country’s top coal-producing region were forced to shut amid heavy rain, flooding, and landslides, worsening the energy supply crisis. Later in the week, colder than normal weather in parts of China sent coal prices surging to …
Read More »One Rule for Britannia? UK’s new post-Brexit ‘global’ fund is a front for meddling in Russia’s politics, leaked documents reveal
In the wake of the landmark Brexit referendum in 2016, the UK government launched the opaque ‘Global Britain Fund’. Questions around the size of its budget, objectives, which projects it bankrolls and where, and other key questions have remained unanswered since. It was only two years later that then-Foreign Office …
Read More »UN’s reputation is in pieces after it pulled from MP Matt Hancock the offer of a global role made in breach of its own rules
We shouldn’t really blame disgraced former Health Sec Matt Hancock for thinking he’d landed that big United Nations job, only to have the offer withdrawn just a few days later when someone suddenly found the paragraph in the rulebook that explicitly ruled him out of the post. Seems someone at …
Read More »Global public debt hits record high of $88 TRILLION – IMF
That is 0.8 percentage points lower than a year before but still at record-high levels as a result of the massive fiscal responses to the Covid-19 pandemic. Globally, public debt now amounts to $88 trillion, according to the IMF, but is expected to decline by about 1 percentage point of …
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