Rosatom eyes possibility of building 4 nuclear power blocks in Saudi Arabia
Nov15

Rosatom eyes possibility of building 4 nuclear power blocks in Saudi Arabia

Russia’s nuclear power corporation Rosatom considers a possibility of constructing a two-block nuclear power station in Saudi Arabia, Rosatom’s overseas trading company Tenex said in its report. Two more blocks may be later added to the nuclear power station in Saudi Arabia, Tenex said. It was reported in February 2018 that Rosatom submitted its bid for a tender on constructing two nuclear power blocks in Saudi Arabia. In...

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Tax evasion helps US corporations steal $180bn from the rest of the world every year
Nov12

Tax evasion helps US corporations steal $180bn from the rest of the world every year

A new study by top economists and experts found that tax avoidance and evasion translate into hundreds of billions of dollars in unpaid taxes every year, with the money ending up in the pockets of the world’s wealthiest people. The paper, ‘The Exorbitant Tax Privilege’, was co-written by Thomas Wright and University of California, Berkeley economist Gabriel Zucman, one of the world’s top authorities on tax havens. The research shows...

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Bank of England refuses to hand over Venezuela’s gold – report
Nov12

Bank of England refuses to hand over Venezuela’s gold – report

The Bank of England (BoE) is refusing to release around $550 million in gold owned by Venezuela back to the country over the UK regulator’s claim of growing uncertainty about Caracas’s intentions for the 14 tons of gold bars. British officials are insisting that measures aimed at preventing money-laundering are taken, The Times reports. The Venezuelan government is reportedly expected to provide a clarification about its plans...

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China brings investment to Africa while US brings war – RT’s Keiser Report
Oct10

China brings investment to Africa while US brings war – RT’s Keiser Report

African nations are lining up to receive investment from China, says Ghana’s President Nana Addo Dankwa Akufo-Addo. He told the United Nations that Beijing brings badly needed infrastructure and jobs to Africa, not colonialism. RT’s Keiser report looks into the issue that trade only works when both parties are trying to get a fair deal. “They [Africa –Ed.] are going to engage in trade which is peaceful. The US is building military...

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US stock market rally all about ‘American exceptionalism’ – Morgan Stanley
Oct10

US stock market rally all about ‘American exceptionalism’ – Morgan Stanley

The historic rise of US equities is about investors’ belief in Uncle Sam, according to an analyst from investment bank Morgan Stanley. “This year has been a story of how well America has done,” analyst Ruchir Sharma told CNBC. He described the recent rise in the US economy as “American exceptionalism.” “We may or may not believe in [American exceptionalism], but the financial markets have never believed in it to such an...

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