21 Sep 2018

Europe’s Leading Companies Are Bowing to U.S. Sanctions

Europe’s largest companies are slowly moving into compliance with US.. sanctions on Iran, departing from the market they entered with the signing of the nuclear deal in 2015. Airbus, Maersk, Renault, Peugeot, Total, and Siemens are but a few of the companies that have begun or have completely divested from

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21 Sep 2018

U.S. sanctions China for buying Russian fighter jets, missiles

The U.S. State Department and Treasury has imposed sanctions on the Chinese military for their purchase of military systems and weapons from Russia in breach of U.S. sanctions against Russia for their 2016 election interference. The sanctions will exclude China’s Equipment Development Department, responsible for weapons and equipment acquisition, from

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20 Sep 2018

Alibaba’s Jack Ma cancels promise of 1 million US jobs, says people should prepare for 20 years of China-U.S. trade war

Alibaba’s co-founder Jack Ma has cancelled his promise of establishing 1 million jobs in the US due to the ongoing trade war. This trade war, he stated, will last for decades and prevent significant partnership growth between the countries. Given the trade war, he has argued that China should instead

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20 Sep 2018

Turkey slashes investment requirements for citizenship

Faced with a crumbling economy, a currency that has lost 40% of its value, and unsuccessful efforts by the central bank to stop the spiral, Turkey has reduced requirements for investors seeking citizenship. The state reduced the amount of capital investment required for citizenship from $2 million USD to $500,000

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19 Sep 2018

Indian government websites ‘hacked’ to mine crypto currencies

India is awaiting a Supreme Court case to decide the legal fate of cryptocurrencies in the country but, in the meantime, hackers have injected cryptojacking malware into government websites that are often designed on a budget with poor security practices and  infrequent updates. Rather than defacing a website or using

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18 Sep 2018

By 2025, Machines Will Do More Work Than Humans, a New Report Says

A World Economic Forum report projects that machines will perform over half of all “work tasks” by 2025. Currently standing at 29% of work tasks today, the estimated change will displace 75 million jobs by 2022, while an estimated 133 million new jobs will be created over the same period.

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18 Sep 2018

Next trade war front: export bribery

Japan, China, South Korea, Russia, Singapore, Hong Kong, and India do not work to prevent corruption by firms, according to studies by the Organization for Economic Cooperation and Development (OECD) and Transparency International. Singapore, China, India, and Hong Kong, accounting for 18% of world exports, are not signatories of the

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13 Sep 2018

$42 billion in deals reportedly signed at forum in Far East

Putin has touted the outcome of the recent Eastern Economic Forum attended by the leaders of China, Russia, and Japan as massively successful. Significant economic investment deals were reportedly inked, at a time of economic import as both Russia and China are dealing with the fallout of U.S. tariffs. Putin

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13 Sep 2018

Venezuela’s Maduro travels to China in search of fresh funds

Venezuelan leaders are visiting China as part of efforts to renegotiate existing investments and pursue additional funding for the country dealing with a collapsed currency and economy. Over ten years, China invested over $50 billion in the country through oil-for-loan deals that benefited China through oil supply and the creation

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12 Sep 2018

Pakistan seeks rejig of economic corridor, trade pact with China

Pakistan is in talks with China to adjust bilateral relations, especially on economic issues. A Pakistani official said that “the new leadership feels that the terms agreed by the previous government were heavily tilted in China’s favor and they want to review that.” Under review is both the CPEC (China

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