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US paper gold suppression allowing Russia & China to buy real gold at discount prices

Efforts by the US to suppress gold prices in order to prop up the dollar are allowing Russia and China to build up huge reserves of physical gold by purchasing large quantities of the precious metal at significantly lower prices. Net central bank purchases in the first quarter of the current year surged by 42 percent compared to the same ...

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North Korea presents a ‘tremendous opportunity’ – investment guru Mark Mobius

There are colossal resources in North Korea that could be exploited, said investment mogul Mark Mobius, following the historic meeting of North Korean leader Kim Jong-un and US President Donald Trump. The country’s population of 25 million could be a boon for investors if it were to be added to South Korea’s market of 50 million, Mobius told CNBC. “That ...

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Musk to fire 9% of staff in ‘difficult reorganization’ of perpetually unprofitable Tesla

In an effort to try and hit production targets and probably even make the first profit in Tesla’s 15-year history, Elon Musk has announced a major round of layoffs, that will affect nine percent of the company’s 37,000 employees. “As part of this effort, and the need to reduce costs and become profitable, we have made the difficult decision to ...

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Digging to China: Russia’s mega gas pipeline nears completion

One of the world’s longest gas pipelines, the Power of Siberia, which aims to deliver Russian natural gas to China, is nearly 85 percent complete. According to the Russian energy giant Gazprom, the section from the Chayandinskoye field (Yakutia) to the border with China is already built. The second tunnel of the underwater crossing of the pipeline through the Amur ...

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Iraq moves to create its own oil tanker fleet

OPEC’s second-largest producer Iraq has taken steps toward selling its crude oil on a delivered basis after it is looking to build its own tanker fleet. At present, most of Iraq’s crude oil and oil products are being sold on a so-called ‘free on board’ basis, in which the seller pays for transportation of the goods to the port of ...

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Foreign tourists to shell out almost $2bn in Russia during World Cup

Russia will get a significant boost as a result of increased tourist flow during the FIFA World Cup, the Russian Ministry of Economic Development said. “According to our estimates, foreigners will spend over 100 billion rubles ($ 1.6 billion) during the World Cup in Russia,” Minister of Economic Development Maxim Oreshkin told Sovetsky Sport newspaper. He expressed confidence Western sanctions ...

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China winner from US sanctions on Tehran with dollar dominance waning – analysts to RT

With American firms prohibited from working in Iran and European businesses scared away by US sanctions, Chinese companies can fill the void and reap the benefits, according to analysts who talked to RT. “China has all the opportunity to increase its share on the Iranian market. China is already Iran’s largest trading partner with a turnover of almost $ 60 ...

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Forget natural disasters: Man-made risks may cost global cities $320bn annually

Man-made threats including market crashes, cybercrime and interstate conflicts are a bigger threat to economic output than natural disasters, a survey from insurer Lloyd’s has found. According to the Lloyd’s “City Risk Index” which was created in collaboration with Cambridge University, those risks have an estimated annual impact of $ 320 billion of global gross domestic product (GDP) for some ...

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White South African farmers trained by Israeli special forces to fight off violent attacks

With rising violence, being a farmer in South Africa has become a dangerous job. Some are hiring former Israeli special forces experts to teach them self-defense. There were 74 farm murders and 638 attacks primarily on white farmers in 2016-17, according to minority rights group AfriForum. “Current murder tendencies indicate that we will lose more people on farms than in ...

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Shocking discovery: Face-tattoos lower your chances of landing a job

Think twice before you get a tattoo, if you want to get employed one day. That’s the advice from London-based international market researcher YouGov, which carried out a comprehensive survey on the issue among work-givers. The results of the research showed that face tattoos are the most likely to scare employers away from a candidate, with 61 percent of those ...

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