Browsing tag

Economy

REVEALED: No-Deal Brexit ‘Closer Than Ever’

LONDON/BRUSSELS – Downing Street played down the prospect of reaching a trade deal with the EU in time for December, saying it will be very difficult – and blaming Brussels’ insistence on tackling tough issues upfront. The UK’s Chief Negotiator, David Frost, is meeting his EU counterpart Michel Barnier in London, in advance of the […]

REPORT: Huawei Shifts Massive Investments to Russia

BEIJING/MOSCOW – Sep 1, 2020 – Huawei is shifting its US investments to Russia after the US imposed restrictions on the Chinese tech giant.  “After the US included us in Entity List, we transferred our investment to Russia, expanded Russian scientists’ team, and hiked salary of Russian talent,” Huawei founder Ren Zhengfei said, according to […]

TikTok Unveils New Website Aimed at Dispelling US/NATO Propaganda

TikTok pushed back against continued efforts to exclude it from the US market, rolling out a new website in which it counters US allegations that it poses a threat to national security. The popular video-sharing app launched the site, called the “Last Sunny Corner of the Internet”, after the US gave its Chinese parent company, […]

CHARLES ORTEL: US Democrats Will Suffer Worse Than 2016 in November Election

WASHINGTON, D.C. – Charles Ortel, Wall Street analyst, says it is unlikely that the Democratic party wins the upcoming presidential election, even though mainstream media and academic “thought-leaders” are stridently against Donald Trump. Speaking in an interview with FNA, Charles Ortel said, “Both established parties in the US have propelled us into wars and military […]

German Economy Shrinks by Record 10.1% in Second Quarter

BERLIN – The German economy shrank by a record 10.1 percent in the second quarter as coronavirus lockdowns took their toll, official data showed Thursday, but experts say a recovery is already underway. Federal statistics agency Destatis called the quarter-on-quarter decline in gross domestic product “historic” and far bigger than any slump seen during the […]

REPORT: US Economy Suffers Record-Breaking 33% Quarterly Decline

WASHINGTON, D.C. – The US economy shrank at a record-breaking 32.9% rate in the second quarter of this year as Americans sheltered at home during the coronavirus pandemic and slashed personal spending, the Commerce Department said Thursday. That figure shatters the previous record for a quarterly decrease in the nation’s gross domestic product, a 10% […]