United States

Is China's Central Bank Gold-Buying Spree a Precursor for War? Part II of II

The idea of a nation acquiring large gold reserves in preparation for military endeavors is not without historical precedent. Prior to World War I, European powers increased their gold reserves, and a century later, Russia's central bank doubled its gold holdings in the years before its invasion of Ukraine. This same strategic stockpiling of gold could be inferred from China and its pre-war positioning for a Taiwan incursion.

A Modern Neo-Feudal State, The Tech Lords Ushering in a Return to the Medieval

If ever such tech lords decide that their will should supplant that of the majority's, or that through their influence they might alter the course of history by sustaining one country's war of aggression on another or by manipulating the political landscape, democracy will be the casualty - in America and throughout the world.

China Beats US as Top FDI Destination; Is this President Biden's Biggest Challenge?

The year 2020 also the first year in history that foreign direct investment in China overtook that of the US. Will this affect President Biden's leadership?

Wells Fargo to pay $110 million settlement over accounts scandal

US bank Wells Fargo has agreed to pay $110 million as settlement for the 11 class-action lawsuits brought by customers who had accounts opened without their permission.

American Airlines to buy $200 million worth of shares in China Southern

The deal ties American Airlines, one of the three big carriers in the US, with one of China's big three state-run airlines.

Investors pull out from US stock funds

Wall Street has been put on defensive mode ever since Donald Trump became the president of the United States. This led to investors pulling out $8.9 billion from US stock funds that ended on March 22 according to a research conducted by EPFR Global.

Tech experts criticize electronic ban from cabins of some Middle Eastern, African flights to US

An airline official says that the electronic ban would affect some airlines flying into the US and would cover devices larger than a cell phone. This is due to a security concern regarding passengers boarding nonstop flights to the US from certain countries.

Gulf airlines worry about effects of electronics ban; UK follows new security measure

According to the new electronics ban, larger than smartphones such as iPads, Kindles and laptops will have to be checked in so that passengers could clear security and board their flight. The rules will be enforced come March 25.

Trump banks on big tech investment from Middle East

US President Donald Trump met SoftBank Vision Fund Masayoshi Son just weeks after taking his seat on the presidency to discuss a huge new technology fund and investment.

US jobs increase in Trump's first full month projecting economic optimism

Employers added 235,000 US jobs in February as per a Labor Department report released on Friday.

Samsung expands manufacturing in the US to produce home appliances

The South Korea-based technology giant will spend at least $300 million on the manufacturing project and is already discussing plans with five states.

US oil output set to break records in 2018

The EIA has ramped up its US forecasts and predicts daily domestic oil output of 9.2 million barrels for this year and 9.7 million barrels in 2018.

Mercedes-Benz recalls almost one million cars after 51 fires reported

The incident was due to an issue with an engine part that can cause an electrical fire and conditions would occur during the starting of the car.

Mexico economy minister sets meeting with US automaker executives in trade push

Trump's threats and unpredictability drives Mexico to build support from companies and US states that rely on business on the south border.

Delta Plans to Buy Nearly Half of Aeromexico, The Country's Biggest Airline

Following the launch of its historic partnership last year, Delta announces its plans to buy nearly half of Aeromexico, which is considered the oldest and biggest Mexican airline.

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