The Cuban dictator Miguel Díaz-Canel's recent admission that Cuba's generalized price caps failed to contain inflation, generated shortages, encouraged illegal markets, and reduced tax revenues is another confirmation of a much older economic le
GFN – BEIJING: China imported 163 tons of gold in May, the most in more than two years, as physical bullion demand and a revised import-licensing regime pulled metal into the world's largest consumer even with prices a quarter below their January p
'Two UN agencies plan to tax global shipping & aviation for their greenhouse gas emissions' – 'First time an unelected institution has levied taxes on major sectors of global economic activity'
Yesterday saw the BOJ hike rates to 1%, the highest level since 1995, and the RBA hold at 4.35%, with some chatter of the next move being down, not up, despite inflation running way above 2%.
When we were told that the ceasefire extension with Iran would include "the toll-free opening of the Strait of Hormuz", I didn't realize that this was only for a period of 60 days.
The investment firm said nation-states and central banks are increasingly turning to assets like Bitcoin and gold as alternative settlement systems outside of US control.
Smith observed that significant economic inequalities arise not from voluntary exchange but from distortions that restrict competition, channel resources toward favored interests, and limit economic mobility.
Recently, internet sources have been heralding the coming collapse of the U.S. dollar, citing claims that Turkey, China, and Japan are allegedly "dumping" the dollar. The reality is far less condemning.
Some shipping industry workers based in Dubai are looking to relocate from the United Arab Emirates as a result of the ongoing U.S.-Israel war on Iran, according to one ship owner and two industry sources familiar with the matter.
This is a moment in history that we will remember for a long time to come. Even though we were told over and over again that a deal with Iran was almost "finalized", the truth is that there never was going to be a deal with Iran. It was all smoke