19 Oct 2018

All Alone Now, the Saudis Will Entice Trump with Big Contracts

“After weeks of siding with the Saudi royals—and sending his secretary of state to grip-and-grin with the king—U.S. President Donald Trump finally bowed to public outrage on Thursday and pulled Treasury Secretary Steven Mnuchin from Crown Prince Mohammed bin Salman’s dwindling ‘Davos in the Desert’ conference next week. They were

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18 Oct 2018

Dollars Are Out, Euros Are In as U.S. Sanctions Sting Venezuela

“Venezuela said it will shun the greenback and inject 2 billion euros ($2.3 billion) into its sinking economy as U.S. sanctions limit the cash-strapped nation’s access to capital markets. Economy Vice President Tareck El Aissami said Tuesday that going forward all government auctions of foreign exchange would be quoted in

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18 Oct 2018

Oil’s Most Dangerous Black Markets

“Much production is in volatile regions, and it comes as little surprise that production and trade in crude oil and refined petroleum products have produced a flourishing illicit market that presents socioeconomic, geopolitical, and environmental challenges, including deterioration of the rule of law. Oil is still the world’s leading energy

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18 Oct 2018

SEC Calls for Better Accounting Controls as Cyber Scams Increase

“Public companies that are easy targets of cyber scams could be in violation of accounting rules that call for firms to safeguard assets, the Securities and Exchange Commission said Tuesday. The SEC said in an investigative report that nine public companies wired nearly $100 million to hackers who impersonated corporate

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16 Oct 2018

Reported L3, Harris merger would create seventh largest defense firm in the world

“A reported merger between L3 and Harris would create the seventh-largest defense company in the world, one which could become a prohibitive favorite for military communication contracts coming from the Pentagon. The potential deal, first reported Saturday by the Wall Street Journal, would be positioned as a merger of two

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15 Oct 2018

How is the UN funded? A simple explanation of a complex system

The US provides a significant portion of all UN funding, around 22% of the general budget and 28% of its peacekeeping budget. For decades, these contributions have been a source of both national and international conflict as actors argue about how this spending should be reflected in terms of influence

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12 Oct 2018

Cryptocurrency theft hits nearly $1 billion in first nine months: report

“Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, up nearly 250 percent from the level seen in 2017, according to a report from U.S.-based cyber security firm CipherTrace released on Wednesday. The report, which looks at

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11 Oct 2018

One-fifth of Chinese tycoons drop out of Hurun Rich List

As of August 15th, 456 Chinese businessmen lost their position on the Huran Research Institute’s “Rich List” of individuals worth over 2 billion yuan ($290 million USD) in 2018. This number accounts for 21% of the total and marks the largest drop-off since the data started being compiled 20 years

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10 Oct 2018

EU harbors fears about China’s maritime Silk Roads

The EU is not a political entity known for reaching consensus with speed. Its fears over security-related foreign investments, specifically from China, however, have activated debates and movements towards stringent policies. “We are not naive free traders,” stated EU President Jean-Claude Juncker. “Europe must always defend its strategic interests. This

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10 Oct 2018

America sold $55.6 billion in weapons abroad in FY18 — a 33 percent jump

The U.S. has confirmed $55.6 billion in foreign military sales for fiscal year 2018, a 33% increase over 2017’s sales of $41.9 billion. The head of the Defense Security Cooperation Agency announced that the U.S. is maintaining this upwards projection. While defense spending year-to-year is volatile, largely depending on massive

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