In a surprise move, the Bank of Japan has introduced a negative interest rate. The benchmark rate of -0.1% means that commercial banks will be charged by the central bank for some deposits. It is designed to encourage them to[…]↓ Read the rest of this entry…
The World Health Organization announced it will convene an Emergency Committee under International Health Regulations on Monday, February 1, concerning the Zika virus ‘explosive’ spread throughout the Americas. The virus reportedly has the potential to reach pandemic proportions — possibly around the[…]↓ Read the rest of this entry…
From Filip Karinja, for Birch Gold Group With the price of oil plunging and increased military spending in Yemen, Saudi Arabia is dipping into its reserves to make ends meet. In December alone, the kingdom blew $19.4 billion of its now remaining $608.4 billion. With[…]↓ Read the rest of this entry…
China’s official newspaper warned billionaire investor George Soros not to bet against the Yuan in a front-page opinion piece, as China tries to boost confidence in its home currency, also known as the renminbi, which has dropped 5 percent since[…]↓ Read the rest of this entry…
Italian banks face some big problems. The thing is they are pretty much the same as last year. Shares in Italian banks have slumped this year, amid fears that lenders need more capital to manage losses on bad loans. While some[…]↓ Read the rest of this entry…
In 2002, the state of Illinois invested nearly $50 million into startups within the state of Illinois. The Illinois Venture Capital Association has since announced that it will invest $220 million of the state treasury money with venture funds across[…]↓ Read the rest of this entry…
JPMorgan Chase & Co will pay $1.42 billion in cash to resolve most of a lawsuit accusing it of draining Lehman Brothers Holdings Inc of critical liquidity in the final days before that investment bank’s September 2008 collapse. The settlement was[…]↓ Read the rest of this entry…
Chemical, biological and radiological warfare is a longstanding US practice, used in direct and proxy wars, Syrians and Yemenis notably affected. On January 22, the Donbass International News Agency (DINA) headlined “Deadly virus leaked from US laboratory – DPR Army and Intelligence,”[…]↓ Read the rest of this entry…
Australian leaders say the nation shouldn’t wait for the end of Queen Elizabeth II‘s reign to become a republic. Seven of Australia’s eight state and territory leaders have signed a declaration urging for a homegrown head of state to replace[…]↓ Read the rest of this entry…
US-led coalition airstrikes killed Iraqi civilians in latest hit against an ISIS financial target in Mosul, according to the Pentagon. The coalition said they had been prepared to accept “some” civilian casualties. “Yes, we were prepared to accept civilian casualties in[…]↓ Read the rest of this entry…
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