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Abandon sinking US dollar ship? Top UK bankster pushes for new ‘synthetic hegemonic currency’

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Bank of England head Mark Carney has urged his fellow central bankers to embrace tech like Facebook’s Libra to build a multipolar system, warning against “swapping one currency hegemon for another” – unless it’s their hegemon. Carney declared that a Libra-like currency – with a few tweaks to silence critics – can bring about a Read More

Chance of world leaders reaching an agreement at G7 summit are poor

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By Dominic Waghorn, diplomatic editor It used to be a reassuring ritual. World leaders turn up at a glamorous location somewhere, agree on how to make the world better, richer or safer, and leave after issuing a heart-warming communique to that effect. How quaint. Image: Donald Trump speaking at last year’s G7 summit in Quebec Read More

Boris Johnson heading to his first international summit as PM

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By Rob Powell, political reporter Boris Johnson is heading to his first international summit as prime minister – and meetings with Donald Trump, the EU and other world leaders on the agenda. International issues such as climate change, inequality and security are likely to dominate the three-day G7 summit in the French seaside town of Read More

As EU threatens trade retaliation, Brazil sends army to fight Amazon fires

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BRASILIA (Reuters) – European leaders on Friday threatened to tear up a trade deal with South America, reflecting the growing international dismay and anger with Brazil as a record number of fires in the Amazon rainforest intensified the unfolding environmental crisis. Against the global chorus of condemnation, Brazilian President Jair Bolsonaro was mobilizing the army Read More

France’s Macron says real ‘ecocide’ going on in Amazon

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PARIS (Reuters) – The Amazon needs better management to end the ‘ecocide’ that is going on in the rainforest, French President Emmanuel Macron said on Friday ahead of a G7 summit at the weekend. As forest fires rage in Brazil, Macron told French news website Konbini that the issue would be discussed at the meeting Read More

New Citgo chief won’t sell out, making debt reduction a top priority

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By David Wethe and Lucia Kassai on 8/23/2019 HOUSTON (Bloomberg) – Citgo Petroleum isn’t for sale, says the man named the company’s new leader by the opposition to Venezuelan President Nicolas Maduro. His priority moving forward is to prepare for a return to normalcy. “Many challenges” remain at Houston-based Citgo, Carlos Jorda said in his Read More

Facing global pressure, Brazil’s Bolsonaro may send army to curb Amazon fires

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BRASILIA (Reuters) – Amid growing global condemnation, Brazil’s President Jair Bolsonaro said on Friday he may mobilize the army to help combat a record number of fires sweeping through the Amazon rainforest. The Trump administration said it was “deeply concerned” about the wildfires and European leaders ratcheted up criticism of Brazil’s handling of the crisis, Read More

Brazil’s army ‘ready’ to defend rainforest

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Brazil’s Army is ‘ready’ to defend the Amazon rainforest from wildfires, according to its general. In a speech during a Soldier’s Day ceremony in Brasilia, Edson Leal Pujol said: “To the unwary who insist on safeguarding the purposes of the Brazilian Amazon, make no mistake, soldiers will always be alert and vigilant, ready to defend Read More

Exclusive: As Amazon fires rage, Brazil tells diplomats to fix image

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BRASILIA (Reuters) – Stung by a global outcry over deforestation and wildfires in the Amazon rainforest, Brazil has launched a diplomatic offensive to persuade the international community of its environmental credentials. FILE PHOTO: An aerial view of a deforested plot of the Amazon near Porto Velho, Rondonia State, Brazil August 22, 2019. REUTERS/Ueslei Marcelino President Read More

Amid global pressure, Brazil’s Bolsonaro looks to send army to fight Amazon fires

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BRASILIA (Reuters) – Brazil’s President Jair Bolsonaro said on Friday he may mobilize the army to help combat fires sweeping through the Amazon rainforest, as international condemnation and pressure mounted for tough action to quell the unfolding crisis. Having first dismissed the fires as natural, then blaming non-governmental organizations without evidence for lighting them, Bolsonaro Read More