Category: Economy

Carmageddon Continues: EU Car Registrations Crater In June The global automotive collapse continues, denting the narrative of the “strong consumer”, as countries again posted poor YOY comps despite the industry starting to show signs of shakiness during mid-2018. The China/U.S. trade war and global economies that have slipped into recession have played a role in …

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Boris Johnson's New Plan Would Sideline Parliament And Guarantee A 'No Deal' Brexit The British pound tumbled to its weakest level in more than two years on Tuesday as fears of a ‘no deal’ Brexit continued to weigh on GBP, which has been steadily sinking during the Tory leadership contest that many expect will send …

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"Combat Ready" Missile Seized During Police Raid On Italian Neo-Nazis Years ago both Gaddafi and Assad famously warned that as their nation’s borders were being flooded with NATO-backed arms and insurgents, the weapons and terrorist flow would soon go the other way into Europe.  And now more confirmation of this dark prediction come true in …

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The $3.8 Billion Aircraft Carrier That Sprang A Leak It triggered embarrassing headlines across the globe late last week and over the weekend: “Britain’s new multi-billion aircraft carrier HMS Queen Elizabeth was forced to cut short sea trials this week after springing a leak,” reported CNN. It was the “future flagship” of the Royal Navy’s …

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US Naval Coalition In Gulf – A Provocation Too Far Via The Strategic Culture Foundation, America’s top General Joseph Dunford this week announced plans for a US-led naval coalition to patrol the Persian Gulf in order to “protect shipping” from alleged Iranian sabotage. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> The move is but the latest in …

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Trump's Huawei Reprieve Is A National Security Debacle Authored by Gordon Chang via The Gatestone Institute, Tuesday, Commerce Secretary Wilbur Ross outlined the scope of exemptions to be granted to sales and licenses to Huawei Technologies, the Chinese telecom giant. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> At the end of last month, President Donald Trump publicly promised to give …

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AI-Trained Robots Set To Automate Recycling Centers, Will Displace Countless Jobs AMP Robotics, an artificial intelligence and robotics company that is automating the recycling industry, has rolled out new trash-picking robots for recycling centers that will replace countless low-skilled jobs, reported The WSJ. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> Single Stream Recyclers (SSR) in Sarasota, Florida, …

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Watch: Autonomous Plane Makes First Successful Landing In Germany  German researchers at Technische Universität München (TUM), located in Munich, Germany, have designed and tested an autonomous system that can land a small civilian plane without relying on ground systems. This technology could open up a new era of autonomous flight — and take the human …

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EU Mulls Sanctions On Turkey After 2nd Drilling Ship Deployed In Cypriot Waters Turkey and Europe are headed for a showdown in the eastern Mediterranean over Turkish plans for oil and gas exploration and drilling in Cypriot-recognized waters, with the European Union reportedly now mulling cutting financial assistance to Turkey over the illegal drilling. EU …

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90% Of Palestinians Distrust Jared Kushner's Peace Plan After White House Senior Advisor Jared Kushner unveiled his highly anticipated plan for peace in the Middle East during a two-day economic workshop in Bahrain, it was greeted with derision and exasperation by Arab leaders. The Palestinian leadership boycotted the event while a long list of commentators from Arab …

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