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Zuckerberg & Facebook slapped with lawsuit for failing to warn investors of slowing growth

Facebook investors are suing the social network, its CEO Mark Zuckerberg and CFO David Wehner after a poor earnings report wiped out nearly $ 160 billion of shareholder wealth. The lawsuit, filed by shareholder James Kacouris in a Manhattan federal court, could be the first of many claims over a disappointing earnings announcement by the social media and social networking ...

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Talk Turkey: Erdogan suggests adding ‘T’ to BRICS

Turkish President Recep Tayyip Erdogan has called on leaders of BRICS nations (Brazil, Russia, India, China and South Africa) to allow Turkey’s accession to the group. “We are in the G20 with five of those countries. I wish they would take the necessary steps to let us in and we could take our place in BRICS,” the Turkish president told ...

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Talk Turkey: Erdogan suggests adding ‘T’ to BRICS

Turkish President Recep Tayyip Erdogan has called on leaders of BRICS nations (Brazil, Russia, India, China and South Africa) to allow Turkey’s accession to the group. “We are in the G20 with five of those countries. I wish they would take the necessary steps to let us in and we could take our place in BRICS,” the Turkish president told ...

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The four key chokepoints for oil

While everyone has been watching the Strait of Hormuz amid rising tension between the US and Iran, a chokepoint on the other side of the Arabian Peninsula is now at the center of the action. Saudi Arabia temporarily halted all oil shipments through the Bab al-Mandeb strait after Saudi Aramco reported attacks from Houthi rebels on two oil tankers. The two ships ...

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Many hoppy returns: German beer producers running out of bottles as heatwave fuels demand

Increased beer production and a summer heatwave in Germany have created a bottle shortage problem for local producers, with some breweries even turning to social media to ask for help. The problem is especially acute for independent, regional, family-run breweries like Fiege in the western German city of Bochum. The brewery’s spokesperson told Deutsche Welle that Fiege normally bottles 100,000 ...

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Russia’s gold reserves approaching Stalin-era record, cutting dependence on US dollar

With 2,000 tons of gold in reserves, Russia’s bullion holdings are approaching the Soviet peak seen in 1941. Moscow is striving for financial independence and escape from US dollar hegemony, analysts told RT. Read more “Some countries in the world want to depend as little as possible on US policy, they dump the dollar in trade and American assets as ...

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Iran plans launch of national cryptocurrency to ditch dollar in oil trade

Tehran is seeking ways to bypass looming US sanctions by launching a cryptocurrency that would help the Islamic Republic trade oil without using the dollar. “We are trying to prepare the ground to use a domestic digital currency in the country,” Alireza Daliri, deputy for management and investment at the Directorate for Scientific and Technological Affairs, told Iranian news agency ...

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New ‘bubble’ looming: How dangerous are tech giants that don’t make profits (VIDEO)

Tech giants like Tesla, Uber, or Spotify are making less and less profit at the moment and experts are worried about their impact on the world. Are we seeing a new economic bubble in the making? RT’s Daniel Bushel finds out. American tech corporations are often making headlines nationwide and internationally, although their own performance is far from perfect. They ...

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Companies that have more money than entire countries

The annual revenues of some corporations are so colossal that they dwarf the economies of many countries across the globe. However, the world’s most profitable and successful businesses do not always have stellar reputations. WALMART US retailer Walmart, with revenue of $ 486 billion in 2017, out-earned the sixth-largest economy in the euro zone – Belgium (with GDP of $ ...

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Where does Russia keep its huge gold reserves?

Amid growing uncertainty across global financial markets fueled by both geopolitical and trade conflicts, countries and investors have traditionally sought safety in gold. Some nations have started to either repatriate gold from abroad or actively buy the precious metal over recent years. Last year, the German central bank (Bundesbank) brought back 674 tons of gold reserves kept in Paris and ...

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