Newmont Corp., the world’s largest gold miner, will take over Australian competitor Newcrest Mining Ltd. in a deal valued at $17.5 billion, the gold mining industry’s largest merger on record.
Author: admin (Kendrick Williams)
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SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
Office towers’ values are falling fastest in large, old-order urban centers such as New York City and San Francisco, Ann Walsh, Guggenheim Partners’ chief investment officer, told the FT.
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SPOTLIGHT: INFLATION
Last month, overall U.S. inflation came in at 4.9 percent. While it is the slowest since April 2021, it is still above the 2 percent Fed target rate. Inflation clocked in at 5 percent in March.
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SPOTLIGHT: CHINA
In 2022, Chinese investment in Europe and Britain sank to €7.9 billion, 22 percent below 2021’s level and the lowest since 2013, according to a new study by Rhodium Group and Merics, a German think tank.
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ZIMBABWE ISSUES GOLD COIN TO SHORE UP ITS FAILING CURRENCY
The central bank of the southeast African nation of Zimbabwe has issued a solid gold coin intended to “expand the value-preserving instruments available in the economy.”
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U.K. ECONOMY SQUEAKS OUT 0.1-PERCENT GROWTH IN FIRST QUARTER
Britain managed to expand its GDP by 0.1 percent during the first three months of this year, matching the growth rate in 2022’s final quarter.
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COVID-19 VACCINES ESSENTIALLY WORTHLESS WITHIN 9 MONTHS: STUDY
The COVID-19 vaccines that were sold during the COVID-19 War as the panacea for the outbreak with a 94–95 percent efficacy in preventing symptomatic infection.
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BUSINESS AS USUAL: SHUTDOWN OR NOT, THE POLICE STATE WILL CONTINUE TO FLOURISH
Once again, the police state is up to its old tricks, stoking tensions over whether or not the government is forced to shut down, even partially, due to a default on the national debt.
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THIS WEEK IN SURVEILLANCE
When Joe Biden claimed “White supremacy” was “the most dangerous terrorist threat” facing Americans during his speech at Howard University’s commencement proceedings this past week, he earned widespread scorn for stirring racial division.
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BLACKROCK ESG INVESTING GETS MORE STATE AG SCRUTINY
BlackRock is trying to grab large stakes in public utilities, even as it has pledged itself to radical ESG investing and carbon zero goals. That’s a problem, as a large group of state Attorney Generals see it, and this past week they filed a motion with FERC to challenge BlackRock’s attempts to buy up those stakes.