World

German Intelligence: China’s Cyberspying Runs Deep

A top German intelligence officer said over the week that China is using social networks to spy on German citizens. Hans-Georg Maassen, the head of Germany’s domestic intelligence agency, said on Sunday that his agency, BfV, has identified at least 10,000 German citizens that have been targeted by China’s cyber espionage activities. Many of the victims were politicians and officials at ...

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Brexit: EU and Britain Reach Agreement on Divorce Terms

British Prime Minister Theresa May has finally reached an agreement with the European Union on Brexit divorce terms. The agreement, which comes more than a year after the Brits voted to leave the bloc, follows six months of intense talks and an all-night discussion with European Commission President Jean-Claude Juncker, the DUP, and the Irish government. The 15-page deal includes ...

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Maduro Purges the Oil Industry, Fires and Arrests 65 Execs

As the conditions in the socialist Venezuela only get worse for its citizens, Venezuela’s president Nicolás Maduro is desperately trying to revive the oil industry with a strategy that is likely to fail. In a dramatic move, Maduro has fired and arrested 65 former oil executives as part of a month-long purge on the oil industry. “The arrests and firings ...

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France’s Macron Wants to Pay People When they Quit

French President Emmanuel Macron is negotiating with businesses and labor unions as part of his plan to extend the country’s unemployment benefits to also include individuals who quit their jobs. Unemployment payments currently are reserved for those who have been fired or laid-off, but Macron believes that by extending the program to include those who leave an employer on their ...

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Merkel and the German Government Uncertain as Coalition Fails

German Chancellor Angela Merkel’s efforts to form a coalition government following the federal election in September failed this weekend when the Free Democrats (FDP) walked away from negotiations. “As chancellor…I will do everything to make sure this country continues to be well governed through the tough weeks ahead,” said Merkel. “It’s a day at the very least for a profound examination ...

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Venezuela In Default

Back at the end of October I wrote an article on Venezuela and how close the country was to default. The title of the article was “Venezuela Averts Default, But For How Long?” That question has now been answered, it took 16 days. According to S&P Global Ratings the South American country defaulted on a payment Monday after the 30-day ...

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Russia: From Worst to First in Wheat Exports

Throughout the second half of the 19th Century up until 1914, Russia generally accounted for a quarter to a third of the wheat available for trade on the world market. Fast forward a few generations to 1984-85 and the Soviet Union was slipping into an ever-tighter tailspin. To avoid famine, it was reduced to importing a record of over 55 ...

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TPP Going Forward without the U.S. But Canada Not Ready Yet

Pacific Rim countries met in Vietnam last week to hammer out the details of the Trans-Pacific Partnership (TPP), an Obama-era trade deal that aimed to open trade between the US and the Pacific Rim nations. President Trump pulled the US out of the TPP in January, and the remaining 11 countries are now trying to renegotiate it. Canadian Prime Minister ...

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Air Pollution in New Delhi More Toxic than Chain Smoking

For days, New Delhi has been blanketed in what looks like a heavy fog. Lack of visibility has forced the local government to restrict traffic, close schools, halt construction projects, and delay flights. The fog is actually air pollution, the severity of which has been compared to smoking 44 cigarettes in one day. PM 2.5 levels are as high as ...

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Saudis to Confiscate $800B in Corruption Purge – Here is the Real Reason

The Saudi Arabian government is seeking to confiscate $800 billion in cash and assets from the kingdom’s elite in what it is calling a ‘crackdown on corruption.’ More than 60 prominent Saudis have been detained since Saturday, including Prince al-Waleed bin Talal, a billionaire investor who has been accused of bribery, money laundering, and extortion. Many others, including hundreds of ...

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