Economy - Finance
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    Economy - Finance
    Iran declares one of its largest private banks bankrupt
    Iran declared one of the country’s largest private banks bankrupt, with its assets absorbed by the state, official media reports, in a rare move in the country grappling with international sanctions. Founded in 2012, Ayandeh Bank had a network of 270 branches across the country, including 150 in the capital Tehran alone. But it had more recently been crippled by debt, with accumulated losses amounting to the equivalent of about $5.2 billion and roughly $2.9 billion in debts,...
    Por NavyVetUnited 2025-10-25 14:18:14 0 717
    Economy - Finance
    Gold Rush 2025: The Great Pivot Is Here
    As gold smashes through $4,000/oz, a wave of nations is leading a historic shift away from dollar dominance — and toward gold.   Here’s who’s driving the rush: Russia – The textbook case of acceleration: +450 tonnes in H1 2025, a 43.8% jump from 2024. Total now 2,329.6 tonnes, worth $217B. United States – No new purchases, but still holds the world’s largest reserve: 8,134 tonnes (~$1T in market value). China – Ten straight months of...
    Por NavyVetUnited 2025-10-10 05:26:10 0 811
    Economy - Finance
    Warren Buffett calls it quits: kind of man of Wall Street or vicious shark?
    The 94-year-old billionaire has announced plans to step down as CEO of Berkshire Hathaway at the end of the year after 60 years at the helm.   While the mainstream press and business leaders from Tim Cook to Jamie Dimon sing his praises as a “visionary” standard bearer of “ethical investing” with “unmatched business acumen and philanthropic contributions,” here are the shabbier aspects of Buffett’s legacy.   🏴‍☠️ Corporate Piracy...
    Por NavyVetUnited 2025-05-04 12:17:03 0 2KB
    Economy - Finance
    How US Mega-Funds Secretly Control Europe
    After the 2008 financial crisis, the US money managers took control over major banks & industries in Europe. Let's break down how   ❓What are mega-funds?   ▪️BlackRock, Vanguard, Fidelity, State Street, Morgan Stanley, and JPMorgan. They control $36.4T+ in assets. ▪️That's MASSIVE power to consolidate controlling stakes in systemically important industries across the globe — including Europe.   💵New (corporatocratic) world order ▪️Mega-funds enjoy strong...
    Por NavyVetUnited 2025-04-10 09:38:41 0 3KB
    Economy - Finance
    Big Tech, Big Banks, Big Pharma: Biggest losers of President Trump’s tariff wars
    The administration’s new cross-the-board duties have triggered a worldwide selloff, with stock prices suffering another big drop after markets opened Monday as the new reality set in.   Trump’s Tariff Policy Is in Part a Containment Strategy to Deal With the China Threat Whereas 10 years ago it was commonly believed that the Chinese economy was about to pass that of the United States, China’s economy today is less than two-thirds of that of the United States, and it...
    Por Potus 45-47th - President Donald J. TRUMP 2025-04-08 07:50:45 0 4KB
    Economy - Finance
    WORLD’S MOST CRUCIAL SHIPPING ROUTES 
    These routes don’t just carry goods...   ◼️ASIA-EUROPE ROUTE     Connects Asia’s commercial hubs (China, Japan, South Korea) with European markets like France, Germany, and the Netherlands. The Suez Canal is the shortcut that links the Mediterranean to the Red Sea.  ◼️TRANSATLANTIC SHIPPING ROUTE     Stretches across the Atlantic, linking North America 🇺🇸🇨🇦 with Europe. It’s key for transporting electronics, automobiles, machines,...
    Por NavyVetUnited 2025-04-04 10:13:47 0 3KB
    Economy - Finance
    How do global central banks diversify FROM THE US DOLLAR INTO GOLD? 
    Countries across the world added 1,044.6 metric tons (MT) of gold to their vaults last year. What did the process look like?    ▪️2024 became the third year in a row that gold purchases in this segment surpassed the 1,000 MT mark, the World Gold Council (WGC) reports.  ▪️The central banks increased the volume of gold purchases between 2021 and 2024 by more than two-fold. ▪️The share of gold in global gold and foreign exchange reserves grew from 12.9% in late 2021 to 15.3%...
    Por NavyVetUnited 2025-03-20 17:12:30 0 3KB
    Economy - Finance
    Chinese rig finds oil in Barents Sea
    The well is estimated to hold between 1,6 and 8,3 million standard cubic meters of oil equivalents, or 10-52 million barrels, the Norwegian Offshore Directorate informs.   It is located near Goliat, the oil field operated by company Vår Energi. The discovery was made by Cosl Prospector, a semisubmersible owned and operated by COSL Drilling Europe. The company is the European branch of Chinese state-owned enterprise China Oilfield Services (COSL).  Cosl Prospector...
    Por NavyVetUnited 2024-12-17 14:02:40 0 4KB
    Economy - Finance
    APEC - Asia-Pacific Economic Cooperation
    The 31st Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting will be held on November 15-16, 2024, in Lima, Peru. Leaders of APEC economies will meet for dialogues on November 15, with the official part of the meeting scheduled for November 16. The Russian delegation will be led by Deputy Prime Minister Alexey Overchuk.    [UPDATE] APEC Summit declaration takes Russia’s interests into account, says Deputy Prime Minister Russia is satisfied with...
    Por NavyVetUnited 2024-11-15 15:02:27 0 3KB
    Economy - Finance
    Iran’s Currency Drops to Historic Low Following Trump’s Victory
    The Iranian rial traded at 703,000 to the dollar, signaling Iranian fears that Trump could punish Iran with harsh sanctions over its yearlong war on Israel.   Iran’s already ailing national currency cratered after Donald Trump’s election victory, heralding tough times for Tehran’s economy as the former president prepares for another term in the White House. The Iranian rial traded at 703,000 to 1 American dollar early Wednesday, an all-time low, before...
    Por NavyVetUnited 2024-11-09 11:24:15 0 4KB
    Economy - Finance
    France faces Imminent Bankruptcy
    France is experiencing an unprecedented budget crisis. The deficit is at risk of exceeding 6% in 2024. France now risks bankruptcy, which could drag the entire Eurozone into the abyss.   The French government is facing an alarming financial situation. The deficit may exceed 6% in 2024, which will force the government to plan a budget cut of 60 billion euros for 2025. Despite this drastic step, public spending will continue to increase by 2.1%. This situation raises difficult...
    Por NavyVetUnited 2024-10-28 07:17:30 0 6KB
    Economy - Finance
    Costing trillions - how AI is increasing the pain of cyber-attacks
    In 2023, cyber-attacks from data breaches to hostile account takeovers were estimated to have cost $8tn globally.   This year, that is expected to rise to $9.5tn, as reported by research company Cybersecurity Ventures. The rise of AI technology is likely push this even higher, almost doubling in the next six years. A survey conducted from 2018-23 with industry leaders by Statista revealed that cyber-attacks are one of the biggest threats to business, with a third saying such...
    Por NavyVetUnited 2024-09-11 08:38:59 0 5KB
Blogs
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