Libya has been in turmoil since the ouster of its long-time leader Muammar Gaddafi in 2011. Its eastern part is ruled by the country's parliament, supported by the Libyan National Army, while the UN-backed Government of National Accord headed by Prime Minister Fayez Sarraj operates in the country's west. [...]

Good financial results shown by Russian companies may facilitate the return of foreign investment to the country, Moody's senior vice president Kristin Lindow told Sputnik news agency. “…Recent strong corporate profits quite naturally can result in repatriation of profits by foreign investors. Also, the cleanup that the CBR (Central Bank of Russia) has done in the banking system has significan [...]

A joint report by UBS and PWC showed that world’s billionaires’ wealth enjoyed its greatest-ever increase last year, hitting $8.9 trillion shared among 2,158 individuals. The past 30 years have seen far greater wealth creation than the Gilded Age” the report said. “That period bred generations of families in the US and Europe who went on to influence business, banking, politics, philanthro [...]

Wall Street opened sharply lower on Friday, weighed down by a dramatic fall in stock prices of American technology companies. The US markets have now entered correction territory, down over 10 percent from September highs. [...]

The Dow Jones Industrial Average dropped more than 600 points Wednesday amid a sharp drop in tech shares. The fall has erased all remaining gains made by the market in 2018. In addition to the Dow's plunge, the S&P 500 fell 3 percent, also turning negative for the year, and the Nasdaq Composite fell by 4.4 percent. [...]

This video analyses the wars in the middle east and the geopolitical issues that may lead to a confrontation between Russia, China, Iran and their allies, and the US and it's allies, which include Britain, Saudi Arabia and Qatar. WHAT IS THE PETRODOLLAR? What is the Petrodollar and Why Does It Matter Was The End Of The Petro Dollar Just Announced By The President? /* [...]

The Reserve Bank of India (RBI) is cutting down on its holding of US Treasuries, joining many other emerging economies which have been off loading their stock of US debt amid rising rates. The country’s share of US sovereign debt saw a gradual decline from $157 billion in March to $140 billion as of the end of August, according to the latest US Treasury report. [...]

Countries around the world are turning to gold as uncertainty about the global economy rises. Trade wars and the aggressive policies of the United States are making emerging economies withdraw from dollar assets, analysts told RT. [...]

A joint investigation headed by investigative journalist organization Corrective alongside French newspaper Le Monde and German broadcaster ARD uncovered a scandal involving "cum-ex" deals, which helped shareholders run off with profits at taxpayers' expense. [...]

VIENNA (Sputnik) - Austrian Chancellor Sebastian Kurz said Thursday, commenting on Italy's 2019 draft budget, that Vienna had no intention to be accountable for someone else's debts and called on Rome to respect the euro convergence criteria, or the Maastricht criteria. [...]

Have you wondered why politicians aren't what they used to be, why governments seem unable to solve real problems? Economist Yanis Varoufakis, the former Minister of Finance for Greece, says that it's because you can be in politics today but not be in power — because real power now belongs to those who control the economy. He believes that the mega-rich and corporations are cannibalizing t [...]

A funny thing happened in the middle of one of Mike Maloney's deep-research sessions recently. As you know, he just released a brand new presentation, but while analyzing the stock market he wasn't satisfied with the way most valuation measures were calculated. With all due respect to Warren Buffet, even his indicator fell short in Mike’s view. It was time for something new, something more in [...]

The US stock market sustained yet another day of massive losses on Thursday following Wednesday's sell-off of tech stocks. The Dow Jones Industrial Average suffered a loss of 548 points Thursday after watching 830 points evaporate on Wednesday, sending the two-day decline well over 1,000 points. The Dow has now lost 5.3 percent of its value over the past two days, the most significant dip in [...]

The sell-off wave that has hit US equities this week is also affecting the world’s other economies, veteran trader Jim Rogers has told RT. The investor is predicting a ‘very bad’ bear market ahead. America is [the] largest debtor nation in the history of the world and the largest economy in the world. [...]

The Russian Ministry of Finance said on Monday it may shift to the use of local currencies with European trade partners. The move will be part of the so-called de-dollarization of the Russian economy. As we can see the main opportunity which can be realized in the short and medium term is the transition to settlements in national currencies with our European counterparts, including settlements inv [...]

Washington’s sanctions against Tehran would fundamentally change other countries’ economic cooperation with the Islamic Republic, the Financial Times has written. EU finance ministers will try to persuade the US administration not to disconnect Iran from the international payment system SWIFT, the newspaper reported on Tuesday. [...]

The recent jump in Treasury bond yields indicates that the US is barreling towards a potential recession and market meltdown at an increasingly fast pace, according to former Republican congressman Ron Paul. [...]

This week, Russian President Vladimir Putin called Washington's sanctions policy a "colossal strategic mistake" which has only served to undermine the dollar's credibility as a global reserve currency. India's Central Bank and Ministry of Finance have been tasked with exploring the feasibility of rupee and barter-based trade agreements with crude oil producing nations such as Russia, Iran and [...]

The internationally acknowledged banking center has joined the voices from across Europe about creating an independent analog for the Society for Worldwide Interbank Financial Telecommunication (SWIFT) amid US anti-Iran sanctions. Russia, which has already created its own system, voiced readiness to cooperate within a “euro-SWIFT” system. [...]