Europe Starts Freezing Britain Out Of EU Contracts

Diplomatic relations between the UK and EU are fast approaching zero degrees Kelvin.

One day after Theresa May not only cemented, but allowed herself Brexit negotiating breathing room with her stunning, yet cunning decision to announce snap elections which would only boost the leverage of her party, Brussles has retaliated and as the FT reports, Brussels is starting to “systematically shut out British groups from multibillion-euro contracts” while urging companies to migrate to one of the 27 remaining EU members.

Continue reading

The Syria War Is Showcasing Russian Arms, Promoting Sales

Companies in the Russian defense industry are beginning 2016 with optimism: The contracts in their portfolio exceed $50 billion, and the military campaign in Syria has been excellent advertising for Russian armaments.

In an article published last week in Kommersant–Dengi magazine, writer Ivan Safronov analyzed the internal (economic) and external factors which will impact armament exports in the new year. He also predicted which countries will buy arms from Russia in 2016, and in which quantities.

Following are excerpts from Safronov’s article:[1]

Adopting To The New Economic And Political Realities

“…According to the Federal Authority on Military Technical Cooperation (MTC),[2] the export of Russian weapons has increased dramatically during the last 11 years, from $5 billion to $11.3 billion. However, even though Russia has arms contracts with some 60 countries, most of the revenue comes from five or six major players. Although the sales figures for 2015 has not been officially announced, we know that as of December 1, $11.6 billion worth of military equipment was exported. Existing contracts for future military sales total $57 billion.  Continue reading

Britain calls in spies amid security fears as we let CHINA build our nuclear plants

The patients are running the asylum as money and business apparently now hold precedent over national security and public well being in Great Britain.

 

BRITISH spies will guard new nuclear plants built by Chinese firms amid fears they could be used to infiltrate national security.

The safeguard emerged as President Xi Jinping arrives for a four-day state visit hailed by David Cameron as a symbol of a “golden era” in relations with Beijing.

Continue reading

Glencore Collapse Could Be Even Worse Than Feared

Editor’s Note: We’re sharing this update on Glencore’s collapse with you because it’s shaping up to be even worse than Michael originally thought. Glencore still poses a “Lehman Brothers”-level risk to the global economy – but it’s now clear the world’s biggest commodities trader is on the hook for hundreds of billions in “shadow debt” that it simply refuses to address. This crisis is one small step away from upending our financial system, so here’s what you need to know…

A lot of powerful voices have joined me in warning about the potential threat that Glencore Plc. (LON: GLEN) poses to global financial markets. Bank of America, for instance, has published a report on the true size of the fallout. As you’ll see in a moment, it’s staggering.

But since we talked about Glencore late last month, something insane has happened: The stock has gone up.

But not for any good reason. The company has not righted the ship. The surge is only due to short-sellers covering their positions. Continue reading

Iran Buys $21 Billion in Aircraft, Satellites from Russia

Iran has purchased $21 billion worth of Russian satellite technology and aircraft, according to Iranian officials.

An Iranian delegation reportedly visited Russia’s MAKS-2015 air show and signed an agreement to purchase the equipment, according to Sputnik, which quoted Iranian officials. Continue reading