‘No Flag, Nobody There’: Philippines Refutes China’s Sandy Cay Control Claims
The Philippine Navy has dismissed China’s claim that it has “implemented maritime control and exercised sovereign jurisdiction” over Sandy Cay, a tiny sandbank in the disputed South China Sea just 3 kilometers from a key Philippine military outpost. “We have to view this from a geopolitical perspective,” explained Rear Admiral Roy Vincent Trinidad, the Navy’s […]
US Faces Tariff-Induced Shipping Shock, May Take Up To 9 Months To Recover
Trade flows between China and the US are collapsing at an alarming pace, as container ship departures and cargo tonnage plunge to levels reminiscent of the pandemic era. According to the latest shipping data, the number of container ships departing China for the US has sharply declined, with both used and total vessel capacity plummeting […]
Krugman: Trump’s Tariff “Fantasy” Is Collapsing
Nobel Prize-winning economist Paul Krugman has issued a sharp warning that President Donald Trump’s tariff policies are colliding with economic and political realities, with no major trade deals materializing despite grandiose claims. In an article post to Substack, Krugman criticized Trump’s persistent narrative that tariffs will coerce countries into better terms, calling it “a fantasy […]
“Sharpest Decline In Earnings Outlook Since 2020” Signals Recession Ahead — Report
The US economy is hurtling toward a stagflationary recession, according to a report by Apollo Global Management. In an analysis led by Chief Economist Torsten Slok, Apollo outlines how the imposition of tariffs has already set off a synchronized collapse across corporate earnings, consumer sentiment, capital investment, labor markets, trade flows, and credit quality. At […]
Albertsons Tells Suppliers to Swallow Tariff Costs
Albertsons (NYSE: ACI) is adopting a combative stance against tariff-driven price hikes, warning suppliers that it “will not accept cost increases,” according to a letter sent by its head of merchandising. The grocery giant, which operates over 2,200 stores across the US, outlined a strict approval process for any supplier seeking to adjust prices due […]
It’s Gonna Be Huge: Shein, Temu Roll Out Big US Price Hikes as Trump Tariffs Bite
Kitchen towels went up by 377% overnight.
India Reports Fourth Night of Cross-Border Fire with Pakistan in Kashmir
Indian and Pakistani troops have exchanged gunfire for a fourth consecutive night along the disputed Kashmir border, India’s military said on Monday, as tensions escalate following a deadly terrorist attack last week. “Pakistan Army posts initiated unprovoked small arms fire across the Line of Control,” the Indian army said in a statement, referring to the […]
Osisko Development Increases Cariboo NPV To $943 Million Under Revised Feasibility Study
Osisko Development Corp (TSXV: ODV) has optimized a feasibility study initially released in January 2023 for their Cariboo Gold project in British Columbia. The optimized study has seen the project increase its net present value to $943 million, while the IRR has moved to 22.1% on an after-tax basis, while the payback period has nearly […]
Mandalay Resources To Be Acquired By Alkane To Create Gold & Antimony Focused Producer
Mandalay Resources (TSX: MND) is set to be acquired by ASX-listed Alkane Resources in what is being billed as a “merger of equals” in a transaction that will create an Australia-focused diversified gold and antimony producer. Under the terms of the transaction Mandalay shareholders are set to receive 7.875 shares of Alkane for each share […]
Barrick Gold To Change Name To Barrick Mining, NYSE Symbol To Become “B”
Despite the massive run in the price of gold, Barrick Gold Corp (TSX: ABX) has its sights on the copper business. The company this morning indicated it will seek shareholder approval to change its name to Barrick Mining Corp, which is intended to reflect its refined focus on both copper and gold. In connection with […]