Interest rates are rising like never before, and it’s the world’s poorest who will suffer most.
Read the article HERE.
Adam Tooze: Recession risk in a world in the grip of the global dollar cycle
Economics
Richard Murphy: The banks are using this crisis to demand that we go back to the rules of 2007 so that they can exploit us all over again
This is the real danger, that the financial corporations use the corona crisis to further their interests, not to mention receive hundreds of billions from the state. Read here
Economics
Reuters: Yuan tops euro as Brazil’s second currency in foreign reserves
The Chinese yuan has passed the euro to become the second most important currency in Brazilian foreign reserves, according to a central bank report on Friday, reflecting the deepening economic ties with Brazil’s biggest trading […]
National Politics
Thomas Fazi – How Russia and China overtook the West
China isn’t the only country Russia has strengthened ties with since the start of the conflict. Despite the West’s attempts to “globalise” the conflict, only 33 nations — representing just over one-eighth of the global […]
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