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German arms manufacturer to sue govt over weapons deliveries’ halt to Saudi Arabia – report

Berlin might face a lawsuit from one of Germany’s largest defense contractors, Rheinmetall, over its decision to halt all arms deals with Riyadh in the wake of the murder of Saudi journalist Jamal Khashoggi, Der Spiegel reports.

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Israel launches new barrage against ‘Iranian’ targets in Syria, warns against retaliation

Syrian air-defense systems have repelled an attack in the skies over Damascus, state news agency SANA has reported. The Israeli Army said it was attacking “Iranian Quds” forces and warned the Syrian military not to retaliate.

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Richard Wolff Tells the Truth About the Chinese Economy

Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City. Earlier he taught economics at Yale University (1967-1969) and at the City College of […]

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Fueled by Western sanctions Russia outshines China to become world’s 5th biggest holder of gold

The Central Bank of Russia reported purchasing 8.5 million troy ounces of gold in January-November 2018. With its 67.6 million ounces of gold Russia is now the world’s fifth largest holder behind the US, Germany, France and Italy.

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Trump ‘Inclined’ to Slap EU With Fresh Tariffs to Get Brussels to Talk – Senator

Despite opposing the tariffs, the senator said they could prove to be an “effective tool” in pushing the US’ international trade partners to sit down for bilateral trade negotiations.

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Bye-bye dollar: India & UAE agree to trade in local currencies

New Delhi and Abu Dhabi have inked a currency swap agreement to boost trade and investment without involvement of a third currency like the US dollar. The swap is for an amount of two billion UAE dirham or 35 billion Indian rupees (US$495 million), according to the Indian Embassy in Abu Dhabi.

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German Scholar: West Unable to Intercept Russia’s Avangard Hypersonic Missile

Vladimir Putin unveiled that Russia had developed a new type of weapon that flies faster than the speed of sound and looks like a “fireball” in March 2018. Less than a week before the start of 2019, information about its successful test launch was released.

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US to begin INF Treaty withdrawal from February 2, Washington confirms

The US will begin its withdrawal from the Intermediate-Range Nuclear Forces Treaty with Russia on February 2, Under Secretary of State for Arms Control Andrea Thompson told NATO officials in Brussels.

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Sanctions? Russian economy to overtake Germany’s by 2020

Despite years of Western sanctions, Russia will become the world’s fifth-largest economy as early as next year, surpassing Germany and the UK, multinational bank Standard Chartered said in its long-term growth forecasts.

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Russia Holds Quarter of International Yuan Reserves Amid US Sanctions Spree

While it has long been clear that countries under US sanctions are more than motivated to turn their backs to the iconic greenbacks, the central bank’s interim review has shed some light on which economic zone Russia is intent to place its stake instead.

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Chinese investment in US plunges 83% amid simmering trade war

Chinese investments in North America and Europe fell by 73 percent last year as a result of tightened US scrutiny of foreign takeover deals and Beijing’s restrictions on outbound investments. Data from law firm Baker & McKenzie showed that Chinese foreign direct investment (FDI) flows into the United States have also turned negative, falling to […]

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Russia’s trade with China surges to more than $107 billion

Trade turnover between Russia and China soared by nearly 30 percent in 2018, reaching a record number of $107.06 billion, according to the latest report released by China’s General Administration of Customs (GAC). The agency noted that last year Russian imports of Chinese goods increased by 12 percent to $47.98 billion.

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Ditching Russian gas will be economic suicide for Europe – analyst to RT

Washington’s attempts to derail the Nord Stream 2 pipeline project to supply Russian natural gas to the European Union will definitely backfire, according to a geopolitical expert Dr. Pierre-Emmanuel Thomann.

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Trump risks blowback with latest economic threats against NATO ally Turkey, analysts tell RT

Donald Trump wasn’t bluffing when he vowed to cripple Turkey economically if it attacks Syria’s Kurds, analysts told RT. The move, however, would likely have serious negative repercussions for Washington.

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Integrity Initiative faces setback in Norway: Public ‘skepticism’ of US hinders anti-Russia infowar

Integrity Initiative’s crusade to create a lockstep anti-Russia narrative in Europe and the US has hit a roadblock: According to the shadowy organization, Norwegians are too skeptical of US politics and not adequately anti-Russia.

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