Baltic Index Crashes Most On Record

Baltic Index Crashes Most On Record

The Baltic Exchange’s dry bulk sea freight index crashed on Tuesday in the worst decline on record, sinking on prospects of a global recession. Baltic Dry Good Index is a measure of global shipping and economic health. The overall index,...
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Russia and China bypassing SWIFT

Russia and China bypassing SWIFT

Moscow and Beijing are developing a system of settlements which could allow cross-border transactions without using the Western financial messaging system, SWIFT, Deputy Prime Minister Aleksandr Novak revealed on Tuesday. The two countries have reportedly acce...
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Iran signs deal to supply 50 gas turbines to Russia

Iran signs deal to supply 50 gas turbines to Russia

Iran has signed a contract with Russia to supply it with 40 turbines to help its gas industry amid Western sanctions, Shana news agency reports. Iranian Gas Engineering and Development Company’s CEO Reza Noushadi said the country’s “industrial su...
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Indian Petroleum Minister: India will continue to buy Russian oil despite Western pressure

Indian Petroleum Minister: India will continue to buy Russian oil despite Western pressure

Indian Petroleum Minister Hardeep Singh Puri told CNBC on Wednesday that his country will continue to purchase Russian oil despite growing pressure from the West. The minister explained that it’s a question of energy security, pointing out that India consume...
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The 10 Biggest Military Spending Nations In The World

The 10 Biggest Military Spending Nations In The World

Military spending and technology has come under the spotlight as the world tracked Western arms shipments and watched how Iskanders, Kalibrs, HIMARS and other weaponry affected the conflict. But, as Visual Capitalist’s Niccolo Conte details here, devel...
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Miners Discover Largest Pink Diamond In 300 Years

Miners Discover Largest Pink Diamond In 300 Years

Australian miner Lucapa Diamond Co. announced it had unearthed a 170-carat pink diamond, believed to be the largest recovered in centuries. Called the “Lulo Rose,” the 170-carat pink Type IIa diamond was discovered at the Lulo mine in Angola’...
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Von Greyerz: Some numbers about the massive money creation

Von Greyerz: Some numbers about the massive money creation

The massive money creation by central and commercial banks in this century has resulted in a growth of global assets from $450 trillion in 2000 to $1,540 trillion in 2020. Debt To GDP Growth As the chart below shows US...
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SoftBank’s Vision Funds Report $27 Billion Loss

SoftBank’s Vision Funds Report $27 Billion Loss

SoftBank’s two Vision Funds have posted historic investment losses of ¥3.5 trillion ($27.5 billion) over the 12 months to March 31 as the funds’ biggest holdings were pummeled by rising interest rates and Beijing’s crackdown on the tech sector. ...
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81,000 millionaires left Hong Kong in 2021

81,000 millionaires left Hong Kong in 2021

In mid-March, Bartra interviewed nearly 500 Hong Kong residents aged 18 and above through an online questionnaire. According to the poll, 79 percent of the respondents indicated that they are considering emigration or will consider this in the future; 48...
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IMF Introduces World Currency

IMF Introduces World Currency

It is no joke, something big happened last week. The IMF is going to give out loans in SDR. Special Drawing Rights are IMF’s currency. By itself, they’re nothing special, but the IMF has always lent in U.S. Dollars. That they are...
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World After Countless QEs:  A Shortage Of Everything

World After Countless QEs: A Shortage Of Everything

In last press conference, Jay Powell confirmed that the Fed is setting off on a historic experiment: welcoming a conflagration of red-hot inflation for an indefinite period of time in an overheating economy, with the underlying assumption that it’s all.....
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Trans-Pacific Trade At Max-Capacity Ceiling

Trans-Pacific Trade At Max-Capacity Ceiling

Container volumes in the Asia-U.S. trans-Pacific trade have hit their limit. Massive port congestion in the ports of Los Angeles and Long Beach is forcing ocean carriers to take extreme measures. Sailings are now being “blanked” (canceled) not because of.....
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Hyundai Motor Buys 80% of Boston Dynamics

Hyundai Motor Buys 80% of Boston Dynamics

Hyundai Motor Group agreed to buy a controlling stake in Boston Dynamics Inc. in a deal that values the mobile robot firm at $1.1 billion. Hyundai Motor Group, along with some associated companies and Chairman Euisun Chung, will acquire an...
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Carnival Cruise Line Cancels Trips Into Spring

Carnival Cruise Line Cancels Trips Into Spring

Carnival Cruise Line is canceling sailings into early 2021 and is also selling two of its ships as pandemic continues to tremendously affect the travel industry. Announced this week, the cruise line canceled cruises on both their Carnival Magic and...
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The Oil Countries And Their Breakevens

The Oil Countries And Their Breakevens

Here is a look at some of the other oil market players that are finding themselves on equally dangerous dire straits. Oman  Analysts may be overstating Oman’s role as a mediator in a volatile region, but make no mistake–Oman is...
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