As Gerald Celente has long noted, the 20th century was the American century, but the 21st century will be the Chinese century.
Tag: Global Economy
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HEDGE FUNDS SINKING UNDER ECONOMIC TURBULENCE
In March, the world’s hedge funds sold the greatest volume of assets in more than four years, Reuters reported, as global economic volatility roiled market values.
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THE PRIVATE CREDIT INDUSTRY IMPLODES
Investors’ demands to withdraw their money from private credit funds increased last week, rising to “unprecedented levels,” The Wall Street Journal reported.
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EUROPE WILL UNDERGO LONG-TERM ENERGY CRISIS, OFFICIALS SAY
Europe faces a “long-lasting” crisis of energy shortages and high fuel prices, the European Commission (EC) has warned.
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SPOTLIGHT: BIGS GETTING BIGGER
Apollo Global Management is buying Nippon Sheet Glass for about $3.7 billion.
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TOP TREND 2023: CLEAN ENERGY SELF-SUFFICIENT ECONOMIES
The Iran War has refocused attention on the need to escape dependence on fossil fuels, which cause price spikes and supply shortages when wars break out and energy disruptions escalate.
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ARES IS LATEST PRIVATE LENDER TO CURTAIL REDEMPTIONS
Ares Management, a major player in the private lending industry, has been hit with redemption requests to its Ares Strategic Income Fund totaling 11.2 percent of the fund’s assets.
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UBS SUSPENDS WITHDRAWALS FROM REAL ESTATE FUND
UBS has halted all withdrawals from its €400-million European “Eurovest” real estate investment fund for up to 36 months.
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WITH CAR SALES DOWN, VW TURNS TO MAKING MISSILE PARTS
Iconic carmaker Volkswagen is in discussions with Israel’s Rafael Advanced Defense Systems, developer of the country’s “Iron Dome” defense infrastructure, to make military equipment at a car plant in Osnabrück that VW has slated for closing next year.
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MONTREAL BANK OFFERS TOKENIZED CASH TRANSFERS
The Bank of Montreal will offer institutional customers the ability to convert cash into digital tokens on a blockchain to facilitate instant payments and transfers any day, day or night.