Category: World News

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The American power grid has been hacked.  It also appears that these hackers may take down the entire grid “at will” and induce blackouts when and where they choose.For an unknown reason, however, the hackers restrained themselves from taking down the power like they did in Ukraine recently.  They simply hacked their way into the system, although speculation is that they just wanted to look around…for now.You could have seen this one coming a mile away. The narrative is tak ...
North Korea has responded to the toughest, if watered down, United Nations Security Council sanctions ever imposed against the isolated country with its most strident rhetoric yet.In its first official response to the new resolution, North Korea’s foreign ministry released a statement deriding the sanctions as an act of “heinous provocation,” saying the new economic restrictions only strengthened its desire to build nuclear weapons. We will “follow this road at a faster pace without the slightes ...
A Venezuelan default is only a matter of time.While debt servicing has been a government priority, declining external liquidity and a deteriorating domestic situation (three-digit hyperinflation, shortages, and a political crisis between the government and the National Assembly) make it a daunting task.By 2020, the country must repay 30% of the external debt due to expire in the next 23 years.Venezuela can get access to liquidity via three main ways.The first option is to borrow direct ...
As the two old, cold war adversaries, Russia and NATO, prepare to begin massive war games to show off their respective military strengths, it was the UK's turn to accuse Russia first of "testing the West" by conducting war games on NATO’s eastern flank in its biggest military exercise in four years. Speaking on BBC's “The Andrew Marr Show” on Sunday, U.K. Defense Secretary Michael Fallon said that Russia's exercise "is designed to provoke us, it’s designed to test our defenses, and tha ...
Following an uneventful weekend, ahead of which markets were on edge over another probable North Korean ICBM launch, the futures have breathed a sigh of relief, with the USDJPY and dollar jumping, while gold has tumbled by $10 from Friday's highs.That optimistic reaction, however, could be premature as Kim Jong Un may only be biding his time until Monday when the US is expected to seek more sanctions against North Korea in the UN. As reported on Friday, Washington wants the Security Co ...
All day Saturday, South Korea braced for a possible new missile test by North Korea as the provocative northern neighbor marked its founding anniversary, just days after its sixth and largest nuclear test rattled global financial markets and further escalated tensions in the region. Throughout the week, South Korean officials warned the North could launch another intercontinental ballistic missile, in defiance of U.N. sanctions and to further provoke the US. As Reuters reports, Pyongyang ma ...
Venezuelan President Nicolas Maduro said Thursday that Venezuela will be looking to “free” itself from the U.S. dollar next week, Reuters reports. According to the outlet, Maduro will look to use the weakest of two official foreign exchange regimes (essentially the way Venezuela will manage its currency in relation to other currencies and the foreign exchange market), along with a basket of currencies.According to Reuters, Maduro was referring to Venezuela’s current official ...
Immediately after Israel's latest unprovoked strike on Syria we posed the question, did Benjamin Netanyahu just panic? The answer is yes, Israel is now acting from a position of desperation as it has failed in its goal of regime change in Syria. Overnight (Wed. evening/Thursday early morning), Israel attacked a Syrian military base near the town of Masyaf at about 3:00 a.m. which Syria has now confirmed in a statement that warns of "serious repercussions". Syria reported two troop ...
After reports surfaced last month that President Donald Trump was becoming “frustrated” with his Secretary of State Rex Tillerson, another world leader has expressed regret at honoring the former ExxonMobil CEO. Russian President Vladimir Putin joked during public remarks on Thursday that Tillerson had “fallen in with the wrong company” since being awarded with a Russian state honor for his contribution to Russian-U.S. relations, according to Reuters.The remark was emblematic of the deterio ...
Hurricane Irma has killed at least 10 people as the dangerous Category 5 storm continued its destructive march across the Caribbean early Thursday.At least eight people were killed and 23 injured in French Caribbean island territories, France's interior minister said. Speaking Thursday on French radio France Info, French Interior Minister Gerard Collomb said the death toll in Saint-Martin and Saint-Barthelemy could be higher because rescue teams have yet to finish their inspection of the islands ...
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