China is on the verge of making a breakthrough in its nuclear arms capabilities that would amount to a major shift in global security balance, Admiral Charles Richard, the head of the US Strategic Command, has written in testimony prepared for a hearing on Capitol Hill, Bloomberg reported on Monday. The …
Read More »Top Wall Street banker warns of US economy risks
The combination of inflation, the conflict in Ukraine and Russia sanctions may “dramatically increase risks ahead” for the United States, JPMorgan’s Chief Executive Jamie Dimon said in his annual letter to shareholders on Monday. He has warned of unpredictable consequences for the nation’s economy. According to Dimon, the outbreak of …
Read More »US dollar at risk of losing dominance, Wall Street bank warns
The US dollar is dealing with some of the same challenges that the British pound faced in the early 1900s, before it went into decline, Goldman Sachs said in a research note released on Thursday. The Wall Street bank warns that the greenback could lose its global dominance. According to …
Read More »Bank of England warns of energy-price shock
The shock to incomes in Britain from rising energy prices will be bigger than in the 1970s, the Bank of England warned this week. British consumers and businesses are expected to come under severe pressure from the cost of living increase as the economy’s growth slows down. According to the …
Read More »Rainbow flags could be confiscated at Qatar 2022 warns security chief (VIDEO)
LGBTQ fans could have their rainbow flags confiscated at Qatar 2022 and have been ordered to demonstrate their views in a society “where it will be accepted” by the senior leader who is overseeing security for the tournament. Major General Abdulaziz Abdullah Al Ansari insisted to the Associated press that LGBTQ couples …
Read More »US central bank warns of housing bubble
The Federal Reserve Bank’s Dallas branch has warned of a “brewing US housing bubble,” saying that prices have surged beyond levels justified by market fundamentals, creating risk of a market collapse. “There is growing concern that US house prices are again becoming unhinged from fundamentals,” Fed economists said in a …
Read More »China ‘eating US’ lunch’ in Latin America, senator warns
Latin American nations have been distancing themselves from their neighbor to the north and joining China’s Belt and Road Initiative, US senators discussed on Thursday during a Senate Foreign Relations subcommittee hearing. The senators spoke of the looming threat of Chinese influence in Latin America – a region which was …
Read More »Minister warns of ‘new Maidan’ in Europe
Serbia is holding presidential, parliamentary and local elections on April 3. Interior Minister Aleksandar Vulin has stated that the country’s pro-western political parties will challenge the vote results and try to organize a ‘Maidan’. The 2014 violent unrest in Ukraine, known as the ‘Maidan Revolution’, ousted President Viktor Yanukovych. “Immediately …
Read More »China warns Ukraine crisis could wreak global economic havoc for decades
Chinese leaders have brushed back pressure from the EU to take an anti-Russia stance in the Ukraine conflict, warning that cooperation between Beijing and Brussels is needed to prevent long-term damage to the global economy. Speaking by videoconference on Friday in a summit meeting with EU leaders, Chinese President Xi …
Read More »US warns India not to help Russia undermine dollar
A top US national security official has called on India to scale back its economic and military ties with Russia, warning of “consequences” for any nation that helps Moscow avoid a recent wave of Western sanctions. Speaking to reporters after meeting with Indian officials on Thursday, Washington’s deputy national security …
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