Algeria to join BRICS and contribute $1.5 billion
Algeria has applied to join the BRICS group and submitted a $1.5 billion request to become a shareholder of the BRICS bank. They have called it their first contribution to…
China’s PBoC Manipulates The Shanghai Exchange Gold Price
By obstructing gold import and export the People’s Bank of China (PBoC) greatly amplifies the gold premium or discount on the Shanghai Gold Exchange (SGE) relative to metal traded in…
An Empire’s Requiem: America’s Paradoxical Swansong in the Global Symphony
Every empire, no matter its magnitude, dances to the rhythm of history’s most entrancing symphony, meticulously composing its ballad from the allegro of its ascent to the lamentoso of its…
US risks facing Cuban Crisis 2.0, expert warns
Russia and China are actively pursuing ties with Cuba, gradually fueling military escalation around it and building a “difficult trap” for the United States, University of Texas professor and historian…
US hits Germany’s biggest bank with $186 million fine
The penalty follows Deutsche Bank’s failure to address its money laundering control issues The US Federal Reserve said on Wednesday it has fined Germany’s Deutsche Bank and its US affiliates…
US banks increase reserves for commercial real estate risks
US banks and other lenders are tightening their standards for new loans and scrutinizing existing ones, as well as increasing their reserves in preparation for potential losses in the commercial…