Iran discovers oil field containing 53 billion barrels of crude

Iran discovers oil field containing 53 billion barrels of crude

President Hassan Rouhani says Iran has discovered a new oil field containing 53 billion barrels of crude in southwestern Khuzestan Province.  Rouhani told a large crowd of people in the central city of Yazd on Sunday that the discovery was made despite US hostilities which...
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SoftBank lost at least $4.7 billion by investing in WeWork

SoftBank lost at least $4.7 billion by investing in WeWork

‘I shut my eyes,’ SoftBank CEO Masayoshi Son says after losing more than $4.7 billion on playboy from Tel Aviv and his creature WeWork. SoftBank lost at least $4.7 billion by investing in WeWork after the shared-workspace group’s initial pub...
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Why Saudi Aramco IPO is a trap and will not save the kingdom

Why Saudi Aramco IPO is a trap and will not save the kingdom

At a time when poorly informed investors are preparing for the IPO of Saudi Aramco, it is important to remember the fundamental fact that changes the game. Since the 1990s, scientists have been aware of the existence of a physical phenomenon...
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Vietnam & Mexico biggest winners from US-China trade war

Vietnam & Mexico biggest winners from US-China trade war

US imports from its largest supplier China have slumped by 12.5 percent due to the ongoing trade war. Meanwhile, Vietnam and Mexico have been filling this gap with massive import increases. According to the latest report by the US-based Census...
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Chinese Companies Dump $40 Billion In Global Assets

Chinese Companies Dump $40 Billion In Global Assets

Chinese Companies Dump $40 Billion In Global Assets, China Turn Net Seller For First Time In Decades At the behest of the Communist Party leadership, Chinese conglomerates and investor groups have this year transformed from sometimes overeager spree buyers of....
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Marshall Islands Creating New Cryptocurrency For De-Dollarize Purpose

Marshall Islands Creating New Cryptocurrency For De-Dollarize Purpose

The Republic of the Marshall Islands has been using the US dollar since 1979.  But in a new Bloomberg report and a statement from a senior Marshall Islands official, that could all change as the country with a population of 75,000 could soon issue a...
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Massive Fires And Explosions Erupt After Drone Strike Hits World’s Largest Oil Processing Facility In Saudi Arabia

Massive Fires And Explosions Erupt After Drone Strike Hits World’s Largest Oil Processing Facility In Saudi Arabia

What appears to be the most devastating Yemen Houthi rebel attack on Saudi Arabia to date, took place overnight on the world’s largest oil processing facility as stunning videos emerged of massive explosions rocking the major Aramco Buqyaq facility a...
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When a bully is too much bullying, others negotiate alliances

When a bully is too much bullying, others negotiate alliances

China and Iran have negotiated a strategic partnership. Iran’s foreign minister Mohammad Zarif paid a visit to his Chinese counterpart Wang Li at the end of August to present a road map for the China-Iran comprehensive 25 years strategic partnership. T...
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Rumour: Alibaba, Tencent, Six Others To Receive First Chinese Government Cryptocurrency

Rumour: Alibaba, Tencent, Six Others To Receive First Chinese Government Cryptocurrency

China’s central bank (PBoC) will launch a state-backed cryptocurrency and issue it to eight institutions in the coming months, according to a former employee of one of the institutions who is now an independent researcher. Paul Schulte, who worked as...
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Huawei launches A.I. chip as it looks to defy US pressure, pitting it against Qualcomm and Nvidia

Huawei launches A.I. chip as it looks to defy US pressure, pitting it against Qualcomm and Nvidia

Huawei announced the commercial availability of an artificial intelligence (AI) chip Friday, pitting it against major American giants like Qualcomm and Nvidia, as it looks to defy continued U.S. pressure and prove it can still bring out core technology. The...
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Aramco second round: Select Lazard, Moelis for World’s Biggest IPO

Aramco second round: Select Lazard, Moelis for World’s Biggest IPO

Lazard just sent dealmakers from London, Paris, Houston to pitch. Saudi Aramco has picked Lazard Ltd. and Moelis & Co. to advise on the oil giant’s second attempt at the world’s largest initial public offering, people with knowledge of the matter...
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DHL: Significant Downturn in World Trade

DHL: Significant Downturn in World Trade

A new quarterly report from logistics company DHL, measured global air and sea cargo trade volumes between March and June, found trade data continues to deteriorate in the US and China as there is still no resolution to end the trade war, reported...
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Trump Slaps 400% Tariff On Vietnamese Steel

Trump Slaps 400% Tariff On Vietnamese Steel

President Trump accused Vietnam of being “almost the single worst abuser of everybody” and asserted that “Vietnam takes advantage of us even worse than China.” This sudden turn in Trump’s rhetoric contrasted with the praise he off...
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Walkman Turns 40

Walkman Turns 40

The First Sony Walkman Was Released 40 Years Ago Today. On July 1 of 1979, Sony first began to sell the TPS-L2, first known as the Soundabout and soon rebranded as the Walkman. This original Walkman wasn’t the first portable...
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Hinduja-Etihad consortium gearing up for Jet Airways bid

Hinduja-Etihad consortium gearing up for Jet Airways bid

Also Tata’s, Qatar Airways in exploratory mode. After failed negotiations earlier with multiple suitors, the SBI-led consortium decided to take Jet Airways to the bankruptcy court on June 17 and on June 20, the National Company Law Tribunal (NCLT) admitt...
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