MARKETS

Gabon Military Coup, President Bongo Ousted by Cousin and Commander of the Republican Guard, General Nguema

The Coup Gabon, a country of over 2 million on the west coast of Central Africa, has seen in the past 24 hours a seemingly complete transfer of control of all government and military institutions from the hands of the Bongo administration (or regime for many) under the 14-year rule...

China in Deflation

What You Need to Know: China has been struggling with barely rising prices for the last few months. Earlier this week, consumer prices began falling- a dangerous sign for a heavily indebted country. The Chinese government has claimed that this new development poses no threat to their economy and has...

EU Extends Russian Sanctions Six Months, New U.S Sanctions Target Russian Weapons and Technology

The European Union has announced an extension on a range of economic sanctions aimed at Russian trade, companies, elites, officials, as well as the government structure. Additionally the United States has announced a fresh wave of sanctions aimed at individuals and firms that supply a variety of goods to...

Putin Will Not Attend BRICS Says South Africa, Lavrov Takes Place At Johannesburg Summit

South Africa has announced that Russian President Vladimir Putin will not in fact attend the BRICS (Brazil, Russia, India, China, and South Africa) economic summit that will be held in Johannesburg between August 20th and 22nd. This comes after the ICC (International Criminal Court) ordered an arrest warrant for...

California Defaults on $18.5 Billion Dollar Debt

Unbeknownst to many Californians, they are now finding themselves financially responsible for the state's nearly $20 billion federal loan default, which was taken out to address California's unemployment fund deficit during the COVID pandemic. The reality of this responsibility came to light when the state ceased making payments on...

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