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IMF blasts New Zealand’s ‘discriminatory’ ban on home sales to foreigners

The ban on foreign ownership of homes in New Zealand, which aims to ease the housing affordability crisis, won’t improve the situation, according to the International Monetary Fund (IMF). In its annual report, the IMF criticized the measure, claiming that “foreign buyers seem to have played a minor role in New Zealand’s residential real estate market recently.” If the government’s ...

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US legalized pot market on track to hit $25bn by 2025

Medical and recreational marijuana sales in the US will reach $ 11.7 billion this year, according to cannabis analytics firm New Frontier Data. It has predicted a 25 percent increase for 2019. Overall, the American legal weed industry could be worth $ 25 billion in seven years, the researcher said. “With a number of states expected to advance cannabis legalization ...

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Russian tourists spent $31 billion abroad last year

Holiday expenditure increased in 2017 with tourists from Russia among the world’s top spenders, according to the World Tourism Organization UNWTO. Statistics showed continued strong demand for international tourism across all world regions, as Chinese tourists remained the biggest spenders last year with $ 258 billion spent. Both emerging and advanced economies fueled growth, which was led by the United ...

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Russian ATM robbers offer master courses for beginners

The number of hacker attacks on ATM machines in Moscow and the Moscow region increased last month, according to business daily Kommersant. In total, some 21 incidents were recorded last year, the newspaper reports, citing its sources. Meanwhile, in April alone, law enforcement agencies have already registered 10 such attacks. Read more People familiar with the matter said the latest ...

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Saudi oil giant Aramco appoints 1st woman to board of directors

The world’s biggest crude exporter, Saudi Aramco, has appointed its first female executive to the board of directors, naming Lynn Elsenhans, an American, one of its new members. State-run Aramco announced the milestone decision on Sunday, welcoming the former chairwoman, president, and CEO of the US oil company Sunoco among its five new board members.  Read more Saudi Finance Minister ...

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Most millionaires bet on living to 100 – survey

While the average lifespan in China, the US and the majority of Eastern Europe is now in the late 70s, the rich across the globe are optimistic they will live for a century. According to UBS Wealth Management, 91 percent of the 5,000 investors it has surveyed are “making financial changes due to increased life expectancy.” Each of those polled ...

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If you want to preserve your wealth, buy physical gold – precious metals expert to RT

Gold, which is traditionally seen as a safe haven, is usually subject to the whims of supply and demand. Its value changes quickly, pushing the bullion price to extremely high levels at times. The yellow metal also makes a habit of performing poorly when the stock market is doing well. But gold is the ultimate store of value, according to ...

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Economy ‘in tatters?’ Russian PM invites Obama to do fact check for himself

The Russian economy has been resilient to external pressure and has resumed growing, Prime Minister Dmitry Medvedev said. He has invited former US President Barack Obama to see for himself. Medvedev recalled Obama’s 2015 words, when he said that the Russian economy was “isolated’ and “in tatters” because of the US-led Western sanctions. Read more “Let him come to look ...

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Ballooning global debt & the impact on global economy – RT’s Keiser Report

Published time: 28 Apr, 2018 14:32 In this episode of the Keiser Report from Toronto, Max Keiser and Stacy Herbert discuss the global financial, economic and cryptocurrency markets from the sidelines of the Blockchain Economic Event. The global debt has surged to $ 164 trillion. The United States, China and Japan account for the half of it. While the US’ ...

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South & North Korea: What’s the economics of the truce? RT’s Boom Bust investigates

Published time: 28 Apr, 2018 14:33 The Korean Peninsula has made a step towards peace. What is the economic aspect of the two nations getting along? Watch Boom Bust’s analysis of the historic rapprochement. We also discuss rising crude prices; analyst Raghee Horner talks about the recent development in the oil industry. Not everyone is happy with the surge in ...

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