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Disgraced HSBC cites UK 'regulatory reforms' as a cause for Asia move

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As disgraced British bank HSBC considers moving its headquarters to Asia, many UK tax payers have welcomed the news. The banking giant, which previously assisted criminals in dodging tax, cited regulatory changes as a driving factor for its move. HSBC is pondering selling off its UK retail unit in a lucrative £20bn deal, as it reviews whether it should remove its headquarters from the City of London... 

Russia to tighten ban on European fruit imports

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The Kremlin says it will tighten an existing ban on the import of fruits and vegetables from Europe through Bulgaria over concerns that Sofia may be attempting to send European products into Russia using false documents. On Monday, the deputy head of Russia’s agricultural regulator, Yulia Shvabauskene, said Moscow had stopped re-exports, or the export of goods which have been imported, through Bulgaria. Shvabauskene... 

What Will Happen To You When The Dollar Collapses?

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Historically, when a nation’s debt exceeds its ability to repay even the interest, it can be assumed that the currency will collapse. Typically, governments exacerbate the situation by printing large amounts of currency notes in an effort to inflate the problem away, or at least postpone it. The greater the level of debt, the more dramatic the inflation must be to counter it. The more dramatic the... 

US to Deliver F-35 Fighter Jets to Israel in 2016

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US Vice President Joe Biden announced that the US government will provide F-35 fighter jets to Israel next year to the country a strategic advantage over its rivals in the Middle East. The US government will provide F-35 fighter jets to Israel next year to the country a strategic advantage over its rivals in the Middle East, US Vice President Joe Biden said during a speech celebrating Israeli independence. “Next... 

Ford dismisses 700 workers, no one buys cars

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US car maker Ford is cutting 700 jobs at its Michigan plant to compensate for declining of sales. It was said in the statement of the carmaker issued on Thursday. First 200 workers will fired in June at the Michigan Assembly Plant, in the Detroit suburb of Wayne, other 200 at the end of July and the remainder at the end of September. Low gasoline prices have hurt the sales of the plant, which produces... 

McDonald's closes 700 big burger stores in the USA

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For the first three months of this year Mcdonald’s closed 350 stores and is planning to close other 350 by the end of the year. Fast food giant recently announced of closure of 350 poorly performing stores this year and added that 350 stores were already closed this year in the US, Japan and China. Earlier in its statement Mcdonald’s reported 11% decrease in revenue and 30% drop in profit... 

Iran, Australia seek new chapter in relations

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Australian Foreign Minister Julie Bishop In early March, Iran’s deputy health minister, accompanied by 5 members of the country’s parliament, visited Australia to boost ties in medical and health research areas, and extended an invitation for Speaker of the House Bronwyn Bishop to visit Iran. Over a month later, it is not Bronwyn but Julie Bishop, the Australian foreign minister, planning to visit... 

France unveils multibillion euro saving plan to cut budget deficit

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France has unveiled a multibillion euro cost cutting plan to be executed over two years in order to press down its deficit below the European Union’s cap. The Finance Ministry revealed on Wednesday that the country would be shaving €9 billion (USD 9.60 billion) off costs through the plan. Accordingly, some €4 billion (USD 4.26 billion) will be trimmed from the budget this year, including through... 

EU formally charges Google over Search Abuse

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Manipulated Search Results: At least 40% of all websites on the internet are not even shown in Google’s search results anymore and they usually get hidden in the “Omitted Results” at the very bottom, which is a form of severe censorship. The EU has officially filed a complaint against Google for allegedly abusing its dominance in the European market. The case could carry a fine of... 

US is Losing Its Status of World Power: German Media

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The US is losing its status of world power, as the country has lately not been able to enforce its geopolitical interests in several regions and has had to retreat, according to German Media. The descent of the United States as a world power started in Syria, Deutsche Wirtschafts Nachrichten reported. Out of frustration over the forced retreat in Syria, the driving forces behind the US government... 

6 U.S. Banks Have 278 TRILLION Dollars Of Exposure To Derivatives

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The very same people that caused the last economic crisis have created a 278 TRILLION dollar derivatives time bomb that could go off at any moment. When this absolutely colossal bubble does implode, we are going to be faced with the worst economic crash in the history of the United States. During the last financial crisis, our politicians promised us that they would make sure that “too big to fail”... 

Russia Confirms Arms Deal to Supply China With S-400 Air Defense Systems

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The chief executive of the Russian state-run arms trader Rosoboronexport has confirmed that China clinched a contract with his company for the purchase of the S-400 air defense systems. China has signed a contract with the Russian state-run arms exporter Rosoboronexport for the purchase of the S-400 air defense systems, the company’s chief executive Anatoly Isaikin said in an interview with... 

Russia invites Iran to join key Eurasia trading bloc

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Russia has proposed to Iran to join the Eurasian Economic Union (EAEU). Russia has proposed to Iran to join the Eurasian Economic Union (EAEU) a regional trading bloc comprised of states located primarily in northern Eurasia. Mehdi Sana’ei, Iran’s ambassador to Russia, has been quoted by the media as saying that the proposal was raised during a meeting in Moscow with Viktor Khristenko, the chairman... 

JPMorgan Chase CEO: Economic Crisis Inevitable

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Another economic crisis like the Great Recession is inevitable, according to JPMorgan Chase CEO Jamie Dimon, who heads the bank that recently imposed capital controls and limits on cash withdrawals. “Some things never change, there will be another crisis, and its impact will be felt by the financial markets,” he wrote in his annual letter to shareholders. “The trigger to the next crisis will... 

Germany to deliver submarine to Israel

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A German-made Dolphin-class submarine in the Mediterranean port city of Haifa. The German Federal Security Council has allowed the government to deliver another submarine to the Tel Aviv regime. The German daily newspaper Süddeutsche Zeitung reported on Friday that the government of German Chancellor Angela Merkel will export the fifth of six promised Dolphin-class submarines to Israel after the council... 
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