Saudi Arabia to cut oil output by 1 million barrels a day this month
Saudi Arabia has begun cutting its oil supply to the global economy by one million barrels per day (bpd), effective July 1, as the OPEC+ alliance of major oil-producing nations…
JPMorgan Chase and 40 Other US Banks Conducting “FedNow” Trial Runs Ahead of the Instant Payment Service’s Launch
Banking giant JPMorgan Chase and 40 other US banks are testing the Federal Reserve’s new instant payment infrastructure called FedNow.According to a new Federal Reserve press release, 41 banks and…
Argentina makes IMF loan repayment partly with yuan
Argentina on Friday made a $2.7 billion loan repayment to the International Monetary Fund partly using Chinese yuan, the country’s economy ministry said. To avoid using its limited foreign exchange…
Geopolitical Evolution: Russia’s ‘Rebellion’ & A Return To Gold-Backed Currency
The increasing number of nations seeking to join BRICS brings geopolitics into the spotlight. At the time of writing, existing members, those who have applied to join and those expressing…
US spending on Ukraine
The United States alone has appropriated about $115 billion in emergency funding to support Ukraine since last February, according to USAFacts. Some aid falls under a lend-lease program President Joe…