In an exclusive interview with The Epoch Times, consumer advocate O.H. Skinner explained why he thinks trial lawyers, a major source of donations for President Joe Biden, stand to gain from newly proposed Securities and Exchange Commission (SEC) rules compelling many companies to provide climate-related disclosures, including on greenhouse gas emissions. SEC Commissioner Gary Gensler…
SEC Climate Rules Will Enrich Trial Lawyers, Says Consumer Advocate
March 25, 2022
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Business & Economyclimateeconomic policieseconomyEnvironmentESGInvestmentMarketsPolicies & ImpactsScienceSECtrial lawyersUS
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China Sees ‘Unprecedented’ Cash Outflows After Russian Attack on Ukraine: IIF
March 25, 2022
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Business & EconomyChinaChina Business & EconomyeconomyEuropeFinance & Business TiesInvestmentMarketsmilitaryoutflowsRussiaRussia-Ukraine WarsanctionsSpecial TopicsstocksWorld
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High-frequency data detected unprecedented cash flows out of China following Russia’s invasion of Ukraine, flagging a decreased confidence of investors amid geopolitical conflict and uncertainty. A “very unusual” shift emerged to global capital flows in emerging markets in late February, as China saw investors pull out of from its market while the rest holds up,…
Rise in Interest Rates Is Causing Mortgage Refinance Demand to Tumble
Mortgage interest rates shot up dramatically this week to their highest rates in three years, taking its toll on loan demand, especially regarding refinances, said the Mortgage Bankers Association’s seasonally adjusted index report on March 23. The rapid increase is threatening to cool down the red-hot housing market. Refinance applications for home loans fell 14…
The Great Global Supply Chain Reshuffle
The worldwide public health crisis and the Ukraine-Russia military conflict ignited body blows to the global supply chain, spotlighting its vulnerability in today’s environment. Will the fresh COVID-19 outbreaks and war in Eastern Europe result in a great reshuffling of the international supply chain? In the aftermath of the pandemic’s first and second waves, a…
NATO Summit Kicks Off Amid ‘Most Serious Security Crisis in a Generation’
President Joe Biden and Western allies convened in Brussels, Belgium on Thursday for the first of three summits meant to address what NATO Secretary General Jens Stoltenberg described as “the most serious security crisis in a generation.” The Western allies met at NATO headquarters in Brussels, where they posed for a group photo before heading…
How to Manage Your Rental Income Wisely
Becoming a profitable real estate investor requires giving time and attention to your finances. Being a landlord requires you to manage rental income and spend money on repairs, maintenance, taxes, and other property-related expenses. Although some properties generate more income than others, you can optimize your ROI, no matter what kind of properties you own….
Severstal Could Become First Russian Company to Default on Foreign-Currency Debt
March 23, 2022
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Business & EconomyCompaniescorporate debteconomyEuropeInvestmentRussiaRussia-Ukraine WarSeverstalWorld
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Severstal, a steel and mining company, could become the first Russian company to fail to make a critical interest payment on foreign-currency debt. The domestic firm had a $12.6 million coupon payment due on March 16, but it was granted a five-business-day grace period. The industrial giant possesses $800 million in loan participation notes that…
Putin Wants ‘Unfriendly’ Countries to Pay for Russian Energy in Rubles
March 23, 2022
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Business & Economycommoditieseconomic policieseconomyEuropeInvestmentMarketsrubleRussia-Ukraine Warrussian gasVladimir PutinWorld
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Russia’s President Vladimir Putin said Wednesday that he wants “unfriendly” countries to start paying for Russian energy using rubles, a move that could strengthen the value of the weakened Russian currency. Putin made the remarks at a meeting with members of his government, according to a video of his statement provided by state-backed media outlet RT. “We…
Russian Oligarch Alisher Usmanov ‘Transferred Assets to Irrevocable Trusts,’ May Evade Sanctions
March 23, 2022
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Alisher UsmanovBusiness & Economyeconomic policiesEuropeInvestmentMarketsRussia-Ukraine WarRussiansanctionsUKWorld
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Russian Oligarch Alisher Usmanov, who has been sanctioned by a string of western nations, no longer owns many of his former properties his spokesperson has said, potentially meaning they will avoid such penalties. The Uzbek-born Russian business magnate has been sanctioned by The European Union, the United Kingdom, the United States, and Switzerland due to his close ties with the Kremlin….
Kremlin Says Russia Prepared to Use Nukes in Cases of ‘Existential Threat’
Kremlin spokesman Dmitry Peskov said Tuesday that Moscow is not ruling out a nuclear strike under circumstances outlined in its military doctrine, including if Russia faces an “existential threat.” Peskov was responding to a question by CNN’s Christiane Amanpour during an interview in which he was asked to confirm that Russian President Vladimir Putin would “never…
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