03 Dec 2018

Qatar to leave OPEC and focus on gas as it takes swipe at Riyadh

“Qatar said on Monday it was quitting OPEC from January to focus on its gas ambitions, taking a swipe at the group’s de facto leader Saudi Arabia and marring efforts to show unity before this week’s meeting of exporters to tackle an oil price slide. Doha, one of OPEC’s smallest

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03 Dec 2018

Factbox: Contrasting Chinese, U.S. statements on trade war agreement

China and the US came to a limited agreement over the weekend concerning the ongoing trade war between the two countries. Each country, however, presented the agreement in a different way. These differences in interpretation or presentation are important, as massive portions of the economy rely on the negotiations that

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28 Nov 2018

Odds Of Venezuela Turning Around Economy Approaching Zero

The Venezuelan economy contracted by an estimated -10.6% in 2017 and -12.6% in 2018, according to forecasts by Fitch Solutions. In 2019, GDP is projected to shrink by -13.9%. Having looked to Russia and China for economic support in the midst of the crisis, Venezuela’s CITGO is now largely dominated

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26 Nov 2018

Jamal Khashoggi killing: Finland, Denmark, Germany halt arms sales to Saudi Arabia

“Three countries have halted arms sales to Saudi Arabia while the U.S. has stuck by the kingdom after the killing of Washington Post columnist Jamal Khashoggi. Finland and Denmark joined Germany this week in halting all future arms sales and sending of military equipment to the Saudi government. Germany and

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26 Nov 2018

Europe arming itself against Chinese investment, despite denials

“European Union institutions agreed on Tuesday to terms of a planned mechanism to screen foreign direct investment within the bloc. The EU has said several times that the new framework is not aimed at countering China’s acquisition of high-tech European businesses, but its efforts actually seem to go in that

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26 Nov 2018

Surge in China theft of Australia company secrets: Report

China has been angered by a recent Australian report alleging a spike in cyberattacks originating with China’s Ministry of State Security, working to steal intellectual property. The report cites high level government officials, with corroborating statements and evidence provided by private security firms. “The [malicious] activity is mainly from China

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20 Nov 2018

Germany announces ban on arms exports to Saudi Arabia

“The German government has halted arms sales to Saudi Arabia and slapped a travel ban on a group of Saudi nationals in response to the killing of Jamal Khashoggi, according to news reports on Monday. German daily Die Welt reported that all exports of arms would be stopped, including deals

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19 Nov 2018

Here’s what the Pentagon’s first-ever audit found

“The Pentagon’s first-ever audit discovered major flaws in how it handles IT processes and challenges with its internal tracking databases, but did not discover any major cases of fraud or abuse. The audit — long sought by Congress and good-government groups — was unveiled Thursday evening. The effort covered $2.7

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16 Nov 2018

The Pentagon failed its first official audit, but officials aren’t surprised

“The U.S. Department of Defense ‘failed’ its first-ever audit, expected to be released Thursday, according to its No. 2 official. But Deputy Secretary of Defense Patrick Shanahan isn’t surprised at the result, saying it was widely expected the audit would find issues. A 1990 law passed by Congress required audits

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15 Nov 2018

Price tag of the ‘war on terror’ will top $6 trillion soon

“The price tag of the ongoing ‘war on terror’ in the Middle East will likely top $6 trillion next year, and will reach $7 trillion if the conflicts continue into the early 2020s, according to a new report out Wednesday. The annual Costs of War project report, from the Watson

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