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- Dutch court orders Shell to cut emissions, showing us who's in charge (Hint: It's not the people or their elected representatives)
Globalism has entered a new phase with a Dutch court's order that oil major Shell accelerate cuts to its carbon-dioxide emissions, setting a troubling precedent for those who favor sovereign nations and accountable government. - ‘AOL and Yahoo still exist?’ Private-equity firm Apollo agrees to buy two relics of early internet days for $5 billionApollo Global Management, the private-equity firm co-founded by disgraced Wall Street tycoon Leon Black, agreed to buy two of the top has-been names from the early days of consumer internet firms – Yahoo and AOL – for $5 billion.
- Russia to boost coal production & sales, will be world’s top exporter within decadeThe world’s largest coal-producing country, Russia, plans to increase its output and exports over the next 15 years. Russia’s share of the global coal export market is projected to expand to 25 percent from the current 11 percent.
- Wall Street tumbles as US threatens China with tariffsUS stocks are facing a second straight day of losses, after President Donald Trump threatened to unleash a new barrage of retaliatory tariffs on China over the coronavirus crisis.
- Stocks and Chinese yuan cave in on Trump’s China tariff threatUS President Donald Trump’s renewed attack on Beijing over the coronavirus crisis has sunk the Chinese national currency, the yuan, to a one month-low, while global markets also dipped lower.
- ‘That’s a Ponzi scheme’: RT’s Keiser Report looks into US deflationary spiral caused by nonstop ‘printing of debt’Bond investors have started to debate whether the United States is heading into a deflationary spiral, even after trillions of dollars of stimulus has been injected into the coronavirus-hit global economy.
- Spread of coronavirus ‘contained’ in Czech Republic, govt to cautiously open up economy – ministerThe spread of the novel coronavirus has been contained in the Czech Republic and the government will continue to cautiously open up the economy, Health Minister Adam Vojtech said on Thursday. The country has seen the number of new cases drop below...
- US unemployment soars to over 30 MILLION as coronavirus pandemic wrecks economyFirst-time filings for unemployment insurance hit 3.84 million in the week ending April 25, the US Labor Department announced on Thursday.
- ‘Immediate danger’: Half of world’s workforce could lose livelihood due to Covid-19, UN agency warnsThe International Labour Organization (ILO) has warned that around half of the world’s workforce, or 1.6 billion workers, are at imminent risk of losing their livelihood because of the economic impact of the coronavirus pandemic.
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