Venezuela is abandoning the US dollar, with all future transactions on the Venezuelan exchange market to be made in euro, Tareck El Aissami, the country's Vice President for Economy, announced.
The sanctions, recently introduced by Washington against Caracas, “block...
If the US imposes sanctions on Saudi Arabia, it will “stab its own economy to death” the head of Al Arabiya said. Riyadh may become friends with Iran, trade its oil in yuan and invite the Russian military.
Saudi...
Plumes of smoke and explosions have been seen coming from Canada's largest oil refinery as the owners of the Irving Oil site confirm that a 'major incident' is underway at their energy plant in New Brunswick.
Residents near the crude...
Bern will take part in any new payment system if it were created as an alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT), according to Swiss Ambassador to Moscow Yves Rossier.
Switzerland's position on the issue of...
Ah, Greece probably wished they get their millions back that went the way of Zaev and Dimitrov.
It seems like it was just yesterday that Greek banks, which carry some €89BN of bad loans on their balance sheets, passed the...
America’s second-largest oil client, China, has completely stopped buying crude from the United States as trade tensions between the world’s two largest economies continue to grow.
While oil has not been included on the list of bilateral tariffs, Chinese...
Attempts to use the US Navy to block Russia’s trade would amount to a declaration of war, a high-ranking senator commented on the US internal secretary’s idea of impeding Russia’s energy trade through a blockade.
“A US blockade of...
In a stunning vote of "no confidence" in the US monopoly over global payment infrastructure, one month ago Germany’s foreign minister Heiko Maas called for the creation of a new payments system independent of the US that would allow...
Wells Fargo, the third-biggest and the most corrupt U.S. bank, plans to lower its employee headcount by 5 percent to 10 percent in the next three years as part of its ongoing turnaround plan, the company announced Thursday.
The bank...
In the latest salvo meant to convince Mueller that Trump is not a pawn of the Kremlin, a State Dept official said on Thursday that the US plans a second round of "very severe" sanctions on Russia over use...
