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News & Articles By Cassie B.
08/09/2024
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By Cassie B.
Western brands take big financial hit in Muslim countries from boycotts over their ties to Israel
Several major Western food brands have been noting significant financial losses in Muslim countries in the wake of ongoing boycotts against companies that do business with Israel. Many consumers in countries such as Saudi Arabia, Egypt, Pakistan and Indonesia have been boycotting firms that they believe are supporting Israel as it commits genocide against the […]
08/06/2024
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By Cassie B.
New York City commercial real estate in trouble as major building sells at 97.5% discount
The pandemic marked a seismic shift in the way business is conducted, and while many companies discovered the cost savings and other benefits associated with remote working, commercial real estate is paying the price. As restrictions were lifted and life returned to normal, many businesses found that the new way of doing things worked far […]
08/06/2024
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By Cassie B.
Stock markets plunge around the world as fears over weak U.S. economy spark financial panic
Stock markets dropped around the world as worried investors reacted to the weakening U.S. economy with a global sell-off. Europe’s main stock indices dropped on Friday, with tech stocks in Europe hitting their lowest level in more than half a year. Germany’s DAX lost 2%, while France’s CAC 40 fell 1% and London’s FTSE dropped […]
07/31/2024
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By Cassie B.
Ukraine’s credit rating downgraded again by Fitch over $20 billion debt restructuring
The credit rating agency Fitch has downgraded Ukraine’s credit rating as the conflict with Russia continues, cautioning that a default is imminent. Fitch moved the country from a CC rating to C after they reached an agreement, at least in principle, with foreign investors for restructuring their $20 billion debt on Monday. Last week, Ukraine’s […]
07/25/2024
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By Cassie B.
Fortune 500 companies to incur more than $5 billion in losses from CrowdStrike outage – and that’s EXCLUDING Microsoft
The damage from the huge IT outage caused by CrowdStrike on machines running Microsoft software last week that brought air traffic to a standstill, left some hospitals unable to provide certain services, and rendered many businesses unable to operate is still being tallied, but the modeling and insurance services firm Parametrix has already come up […]
07/12/2024
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By Cassie B.
America’s sanctions will put an end to U.S. dollar dominance, entrepreneur warns
U.S. sanctions are killing the American dollar’s longstanding global dominance, a Russian entrepreneur is warning, and the growing power of the BRICS coalition shows just how serious much of the world is about moving away from the greenback. In a recent interview with Tucker Carlson, the founder of Russian fertilizer producer EuroChem, Andrey Melnichenko, explained […]
07/11/2024
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By Cassie B.
Saudi Arabia threatened to sell European debts if G7 confiscates Russian assets
Saudi Arabia threatened to sell off some of its European debt holdings earlier this year if the G7 went forward with rumored plans to seize nearly $300 billion in Russian assets it had frozen. One source who was aware of the discussions described it to Bloomberg as a “veiled threat,” while two sources said that […]
07/04/2024
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By Cassie B.
John Deere laying off hundreds more workers in the Midwest and shifting production to Mexico
Farm equipment manufacturer John Deere has announced another round of layoffs due to the slowing American economy and a reduction in demand that is prompting them to shift their production to Mexico. The company, which is the top seller in the world of tractors and crop harvesters, has given 610 production staff at its Iowa […]
05/31/2024
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By Cassie B.
Thailand announces intention to join BRICS, accelerating dollar’s demise
Thailand has announced its intention to become a member of the BRICS economic bloc in a move that could accelerate the demise of the U.S. dollar. This is according to Thai government spokesman Chai Wacharonke, who said in a statement that the country’s cabinet in Bangkok has now given the go-ahead to an official letter […]
05/29/2024
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By Cassie B.
The U.S. economy is so bad that even dollar discount store chains are closing down
Dollar stores have long been popular among bargain-seeking Americans, so you’d expect business to be booming as the economy goes down the drain. However, it turns out the opposite is happening: the economy has gotten so bad that even dollar stores can’t keep their doors open. The California-based discount store chain 99 Cents Only recently […]
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