US Treasury Shelves $455 Billion In Unspent Stimulus November 26, 2020 US Treasury Shelves $455 Billion In Unspent Stimulus2020-11-262020-11-26https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/11/mnuchin.jpg200px200px Above photo: Steve Mnuchin/ New York Times. Last week the US Treasury and the US Federal Reserve Bank engaged in a rare public disagreement. US Treasury Secretary, Mnuchin, in a letter to Jerome Powell, chair of the Federal Reserve, last week directed the Fed to return $455 […]
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Israeli blockade Has Cost Gaza $16.7 Billion November 26, 2020 Israeli blockade Has Cost Gaza $16.7 Billion2020-11-262020-11-26https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/11/gaza-e1606437573234.jpg200px200px Above photo: Palestinian street vendors sell candy in Gaza City. Getty. Israel‘s blockade of the Gaza Strip cost the Palestinian enclave’s economy an estimated $16.7 billion in just over a decade, the United Nations said Wednesday. The coastal enclave has been under an Israeli-enforced blockade since 2007, the year the Islamist […]
The U.S. Department of Defense has contracted Northrop Grumman Systems Corp. for Global Hawk development, modernization, retrofit and sustainment activities for all Air Force Global Hawk variants. Deal worth more than $4,8 billion provides for management, including program, business and technical areas; engineering efforts, including configuration management, data management, reliability, availability and maintainability, and related areas of concern. “Additional, and more specific, guidance will be included […]
Rheinmetall BAE Systems Land (RBSL) announced on Tuesday that it was awarded an £860 million ($1.1 billion) subcontract for the British Ministry of Defense’s Mechanised Infantry Vehicle program. As noted by the company, more than 260 Boxer vehicles to be produced in Telford. The subcontract, worth about £860 million, marks a significant milestone for the program, following the £2.3 billion ($3.8 billion) MIV contract awarded to […]
The U.S. Department of Defense just awarded aerospace giant Boeing a contract worth nearly $10 billion for F-15 fighter jet support for Saudi Arabia. The award, announced by the U.S. Department of Defense on Tuesday, covers modernization and sustainment of the F-15 Royal Saudi Air Force fleet to include such efforts as hardware, software, and interface design, development, integration, test, subsystem and structural component production and […]
Pentagon has awarded General Dynamics a $4.4 Billion Defense Enterprise Office Solutions (DEOS) contract, according to a company news release. The details were given in a 3 November media release, to announce the General Dynamics Information Technology, a business unit of General Dynamics, was awarded the DEOS contract by the General Services Administration (GSA) in partnership with the Defense Department (DoD) and the Defense Information Systems […]
The U.S. State Department recently approved the potential sale to the United Arab Emirates of more than $10.4 billion worth of F-35A fighter jets. The U.S. Defence Security Cooperation Agency (DSCA), the Pentagon’s top arms broker, said Thursday it had notified Congress of a possible sale of 50 F-35A stealth fighter jets to the United Arab Emirates for $10.4 billion. According to the U.S. Defense Security […]
Although not a bulwark of the Norwegian economy, the tourism industry accounts for over 165,000 jobs in a nation of 5.4 million and corresponds to 1.8 percent of its GDP. According to new analysis by the Confederation of Norwegian Enterprise (NHO), total tourist consumption between January and August of 2020 fell by a staggering NOK 41 billion ($4.4 billion) compared with the same period last year, […]
Supporters of President Trump and Democratic presidential nominee Joe Biden wave flags prior to Biden’s arrival for a townhall in Miami, Florida. Chandan Khanna/AFP via Getty Images hide caption toggle caption Chandan Khanna/AFP via Getty Images Supporters of President Trump and Democratic presidential nominee Joe Biden wave flags prior to Biden’s arrival for a townhall in Miami, Florida. Chandan Khanna/AFP via Getty Images More than $1 […]
The People’s Bank of China (PBOC) said that 3.13 million transactions have been processed using the nation’s sovereign digital currency as part of a series of ongoing pilot programs in major cities such as Shenzhen and Xiongan. According to the bank’s deputy governor, Fan Yifei, the currency has been used for more than 1.1 billion yuan ($162 million) worth of transactions. Pilots will also be conducted at the Beijing Winter Olympics […]
The Presidential Office of Ukraine has announced on Wednesday that was signed a Memorandum on enhancing cooperation between Ukraine and the United Kingdom in the military and military-technical spheres. The details were given in a 7 October media release, to announce Ukraine signed a memorandum with the United Kingdom, securing 1.25 billion pounds ($1.61 billion) to build new fast attack crafts for the Ukrainian Navy. “This […]
Ethereum’s highly anticipated 2.0 upgrade is poised to bring the network ever closer to fulfilling its original vision to be a “world computer” that plays host to a parallel, decentralized financial system. At Invest: Ethereum Economy on Oct. 14, we will address the ramifications for investors as decentralized finance takes the crypto world by storm. In a run-up to the event, our two-part CoinDesk Live: Inside […]
In effort by Walmart, the world’s largest retailer, to reorganise its international businesses and hedge its bets on the online retail market, the US company has been in discussion with potential buyers to shift the enterprise to new hands. Two billionaire brothers from Blackburn will take majority of shares in Asda from Walmart in a £6.8 billion agreement announced on Friday, in a move that will […]
Aerospace giant Boeing was awarded a $2,2 billion contract by the U.S. Air Force Life Cycle Management Center on 24 September to manufacture and deliver Small Diameter Bombs under a multiyear buy contracting arrangement. The contract, announced Thursday by the Department of Defense, is awadred under the Small Diameter Bomb Increment I weapon program. “This contract provides for a guaranteed minimum Lot 15 award and a […]
Microsoft announced Monday that it will acquire ZeniMax Media, the parent company of popular video game publisher Bethesda, for $7.5 billion. Here, a Microsoft store is shown in March in New York City. Jeenah Moon/Getty Images hide caption toggle caption Jeenah Moon/Getty Images Microsoft announced Monday that it will acquire ZeniMax Media, the parent company of popular video game publisher Bethesda, for $7.5 billion. Here, a […]
The Trump administration announced on Friday that it will award nearly $13 billion in infrastructure grants to Puerto Rico, to help the island recover from a hurricane that struck three years ago. Ramon Espinosa/AP hide caption toggle caption Ramon Espinosa/AP The Trump administration announced on Friday that it will award nearly $13 billion in infrastructure grants to Puerto Rico, to help the island recover from a […]
https://cdn1.img.sputniknews.com/img/106837/82/1068378266_0:156:3000:1844_1200x675_80_0_0_6b225cdfa80708003160e293e605bf42.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202009181080496641-us-democratic-senators-unveil-350-billion-funding-package-to-counter-chinas-rise/ WASHINGTON (Sputnik) – Nearly a dozen US Senate Democrats have sponsored new legislation to fund efforts to counter China’s edge in areas such as manufacturing, technology, and science. A release from Senator Sherrod Brown’s office revealed that the proposal includes over $350 billion in new funding to synchronize and mobilize all aspects of US national power “Sponsored by 11 leading […]
Texas highways are not and have never been strewn with homemade bombs. Yet Texas police have over 100 MRAPs, the armored vehicle with a blast-resistant hull that U.S. service members drove in Iraq and Afghanistan. Tennessee cops have 86 more. Ohio police have 43. It’s just one measure of how militarized American policing has become since 9/11. And it’s a component of a larger one. Police […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202009101080422142-us-senate-rejects-300-billion-republican-covid-19-aid-bill/ Republican and Democratic lawmakers are deadlocked over a proposed fifth funding package to help tackle the economic consequences of the coronavirus pandemic. The US Senate has rejected a $300 billion coronavirus aid bill proposed by the Senate Republican leadership with Democrats blocking the draft legislation during a procedural vote. To continue debates on the bill it needed to get […]
https://cdn1.img.sputniknews.com/img/107810/05/1078100585_0:26:3326:1896_1200x675_80_0_0_a72f4bdf15ad471d6f859fcd34b11c1a.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Radhika Parashar. Sputnik International https://sputniknews.com/india/202009101080418922-richer-meets-richest-mukesh-ambani-may-offer-jeff-bezos-20-billion-stake-in-reliance-retail/ At a time when the global economy is struck by pandemic woes, India’s biggest industrialist Mukesh Ambani has been seeing huge investments in his Reliance Industries, one of India’s most valuable companies. In recent months, Ambani’s oil-to-telecom company has garnered investments worth over $15 billion from foreign firms. Mukesh Ambani, who is currently the world’s seventh richest […]
A $13.3 billion award has been given to defense contractor Northrop Grumman by the US Air Force amid the service’s engineering and manufacturing development (EMD) phase to replace its aging intercontinental ballistic missile (ICBM) nuclear delivery system. Northrop Grumman announced on Tuesday that the Virginia-based aerospace and defense contractor had been selected as the sole company to modernize the Air Force’s ICBM system under the Ground […]
Romanesco broccoli, as seen by a 3.2 billion pixel camera. Scientists chose to take a picture of the broccoli because of its fractal shape. LSST Camera team/SLAC National Accelerator Laboratory/Rubin Observatory hide caption toggle caption LSST Camera team/SLAC National Accelerator Laboratory/Rubin Observatory Scientists and engineers in California are building a unique camera for a unique telescope. The Rubin Observatory telescope going up on Cerro Pachón in […]
The cruiseliner industry had been enjoying “robust growth” since 2018 but the coronavirus pandemic has knocked it sideways. In March thousands of tourists were stranded on cruise ships in Latin America, the Caribbean and the Far East after COVID-19 was reported on board. The Cruise Lines International Association (CLIA) says the global shutdown caused by the coronavirus pandemic will cost the industry around US$50 billion and lead to the loss […]
https://cdn1.img.sputniknews.com/img/07e4/09/04/1080370900_0:0:3217:1809_1200x675_80_0_0_8e52657137f1fad2888b13254d051aa6.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202009041080370931-trump-says-willing-to-use-300-billion-of-unspent-money-for-covid-19-stimulus/ WASHINGTON (Sputnik) – US President Donald Trump said he wants to release an unspent $300 billion to use for coronavirus financial relief if Congress approves the plan. “We have $300 billion in an account that we didn’t use. I would be willing to release it, subject to Congress, and use that as stimulus money, and it will go right […]
Governor Andrew Cuomo said he would only allow indoor dining to resume in New York City if the NYPD sets up a task force to enforce social distancing rules, as restaurants sue authorities for $2 billion, citing “irreparable harm.” Cuomo addressed reopening businesses in NYC and elsewhere during a press call on Thursday, saying “compliance and enforcement” would drive the state’s guidance on lifting sweeping shutdowns […]
The explosion that ripped through Beirut on 4 August aggravated Lebanon’s economic crisis and fuelled anti-government sentiment, which led to an early departure of the prime minister and his cabinet. The Beirut explosion caused between $3.8 billion and $4.6 billion in physical damage to the Lebanese capital, according to the World Bank’s preliminary assessment. The bank estimates that the additional decline in economic activity following the […]
Earlier on Sunday, British business leaders berated Health Secretary Matt Hancock for “scaremongering” talk about a possible second national lockdown that they said risks “untold damage” to businesses trying to recover from the first one. UK Treasury officials are considering a £30 billion ($40 billion) tax raid on the wealthy to fill a gap in the country’s finances caused by the COVID-19 crisis, The Sunday Times […]
These Six Banks Have Frozen $4.6 Billion Belonging To Venezuelans By La IguanaTV/La Tabla. August 29, 2020 These Six Banks Have Frozen $4.6 Billion Belonging To Venezuelans2020-08-292020-08-29https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2018/07/bull-by-arturo-di-modica_sam-valadi_flickr-1024×595.jpg200px200px Above photo: Charging Bull by Arturo Di Modica: “Wall Street icon” the symbol of aggressive financial optimism. Flickr/Sam Valadi. The looting, theft and hijacking of resources from Venezuela has been of great magnitude, six banks withhold under the excuse of […]
The video-sharing app, which has 100 million active users in the United States alone, has fallen victim to the Trump administration’s standoff with China. The president previously accused TikTok, owned by the Chinese company ByteDance, of spying on its users at the behest of Beijing, a claim the company and the Chinese authorities have denied. TikTok will sell its US operations in the coming days as […]
https://cdn1.img.sputniknews.com/img/07e4/08/13/1080219823_0:94:3067:1819_1200x675_80_0_0_b13184018dfeab85b7991a5232c2d550.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202008221080250239-house-approves-bill-to-provide-25-billion-to-us-postal-service/ US Senate Majority Leader McConnell has said that the Senate “will absolutely not pass” the bill providing $25 billion in support to the US Postal Service. After a vote in the House of Representatives, the document must first go to the Senate for approval, and then to the president for signature. The bill prohibits the US Postal Service from making […]
Banks Have Made $18 Billion From ‘Paycheck Protection Program’ Processing Fees By Collen Boyle, In These Times. August 22, 2020 Banks Have Made $18 Billion From ‘Paycheck Protection Program’ Processing Fees2020-08-222020-08-22https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/01/jpmorgan-chase-building-nyc_credit-ben-sutherland_creative-commons.jpg200px200px Fees paid to banks eclipse funding allocated to develop vaccines, provide medical supplies and feed children. Whether or not a single job or company is saved through the CARES Act’s Paycheck Protection Program (PPP), lenders will be […]
Winning is everything in Trump world, and the winner in the border wall fundraising scandal is a contractor who has ended up with more than $1.7 billion in federal contracts. Former Trump advisor Steve Bannon is said by prosecutors to have pocketed only a relatively modest $1 million. Brian Kolfage, who launched the “We Build the Wall” effort on GoFundMe allegedly got less than half that. […]
https://cdn1.img.sputniknews.com/img/105999/68/1059996836_0:300:5760:3540_1200x675_80_0_0_8c5625c302753e20ac9bde5dabf2f9d1.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202008051080061878-walt-disney-company-loses-47-billion-amid-covid-19-pandemic/ WASHINGTON (Sputnik) – The Walt Disney Company in a press release revealed that the company lost $4.7 billion in its third quarter of the fiscal year. Data in the release on Tuesday showed that Disney lost a net income of roughly $4.72 billion in its third quarter which ended on 27 June. The loss in revenue is due to […]