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Shortly after 1042am local, Chinese stock futures (CSI-300) flash-crashed over 12.5% on extreme heavy volume (while the cash CSI-300 remained unch). This move erased 3 months of gains but within 1 minute was back in the green with stocks up over 2.5%. The shocking collapse, exaggerated by a major lack of liquidity, was made more […]

Shops are being looted as Venezuela’s citizens, who live on top of the world’s largest oil reserves, are literally starving and dying for lack of food and medicine; all while the country’s gold reserves are being sold to finance its debt. With 1.8 million signatures on a petition for a referendum on Nicolas Maduro’s presidency, […]Read More

Vowing to intensify their action to overturn an unpopular labor law, striking French union workers have already left hundreds of thousands of tourists stranded, gas stations empty, and nuclear power plants stretched. However, as low-skilled American workers fall foul of minimum wage blowback, the French parliament – despite Prime Minister Valls insistence that “France must […]

Submitted by Michael Snyder via The End of The American Dream blog, Starting on June 7th, FEMA will be conducting a large scale drill that has been named “Cascadia Rising” that will simulate the effects of a magnitude 9.0 earthquake along the Cascadia Subduction Zone and an accompanying west coast tsunami dozens of feet tall. […]

President Muhammadu Buhari has approved the formation of a Presidential commission to ease doing business in Nigeria, Vice President Yemi Osinbajo, announced on Friday, adding that he is heading the new body. Mr. Osinbajo, who presided over the first Quarterly Consultation meeting between the presidency and the Manufacturers Association of Nigeria, MAN, on Friday afternoon, […]

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Fighters with the Movement for the Emancipation of the Niger Delta (MEND) raise their riffles to celebrate news of a successful operation by their colleagues against the Nigerian army in the Niger Delta on September 17, 2008. MEND has declared a full-scale ‘oil war’ against the Nigerian authorities in response to attacks by the Nigerian […]

ABUJA/ONITSHA, Nigeria (Reuters) – Nigeria’s President Muhammadu Buhari will on Thursday visit the Niger Delta region, rocked by attacks on oil and gas facilities, for the first time since taking office a year ago, an official said on Monday. The visit was announced as the Niger Delta Avengers militant group, which has claimed a string […]

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President Muhammadu Buhari Special Assistant to the President on Youth and Students Affairs, Nasir Adhama, says the next three years of the President Muhammadu Buhari administration promise to be more eventful for the Nigerian youth with innovative programmes and activities. In a message of felicitation to Nigerians on the occasion of the first anniversary of the […]

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The market finished the week firmly in the green zone with significant gains across all sectors. WoW the market gained 659bps, completely erasing the YtD losses, at current levels, the market is now printing a YtD gain of 91bps. The key driver of market performance was buying mainly by local HNI and institutional investors on […]