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Posts published in “Finance”

Trump grants more winter storm recovery funding to Louisiana

President Donald Trump has approved Gov. Jeff Landry’s request for more federal funding to help with recovery from a severe winter storm that hit North Louisiana in late January. The president signed off on a major disaster declaration that will bring more support from the Federal Emergency Management Agency to nine parishes: Bienville, DeSoto, East Carroll, Franklin, Morehouse, Ouachita, Richland, Tensas and West Carroll.  The money will help pay for debris removal, emergency medical support, temporary generators and other services needed in the aftermath of the disaster. It can also…

How cocaine traffickers launder cartel money

The cocaine market exploded between 2014 and 2023. Production in Colombia increased more than sevenfold to nearly 2,700 tonnes, according to the United Nations Office on Drugs and Crime (UNODC). Behind the scenes, drug traffickers find equally illicit ways to pay their suppliers and foot soldiers, or to spend the proceeds of their criminal trade. Their solution? Money laundering. It is estimated that 25% of the funds collected is laundered. Criminals generally launder money in three stages: firstly, they inject it into the financial system; secondly, they layer it with…

French PM faces new no-confidence votes as budget faces final hurdle

French Prime Minister Sebastien Lecornu faces two new no-confidence motions on Monday, after he forced the 2026 budget through parliament without a vote for the third and final time on Friday. Lecornu’s decision to use the constitutional tool known as article 49.3 has marked an about-face for the prime minister, who pledged last year to seek parliament’s approval, in a bid to avoid the fate of his two predecessors who were ousted over budget negotiations. But after months of negotiations reached an impasse, Lecornu announced he would use the power to…

Push for de-dollarization reflects economic reality, not ideology

Few ideas in global finance generate as much anxiety as de-dollarization. To some Western observers, any attempt to reduce reliance on the US dollar is automatically framed as a political challenge to American power. Yet for much of the developing world, the conversation is far less ideological and far more practical.  The push to diversify global payment systems and promote the use of local currencies is not about confrontation; it is a response to economic realities that many countries have lived with for decades. The dominance of the dollar has…

Trump calls for $1.5 trillion military budget in 2027, up from $901 bln in 2026

WASHINGTON, Jan 7 (Reuters) – President Donald Trump said on Wednesday the 2027 U.S. military budget should be $1.5 trillion, significantly higher than the $901 billion approved by Congress for 2026, boosting defense stocks, but sparking skepticism among budget experts. Any such increase in the military budget would require congressional authorization, which could pose a challenge, although Trump’s Republicans, who hold slim majorities in both the Senate and House of Representatives, have shown little appetite for objecting to Trump’s spending plans. rump said in a Truth Social post that he…

Switzerland Freezes Assets of Maduro and People Close to Him

The Swiss government has frozen any assets held in Switzerland by Nicolas Maduro and people close to the Venezuelan president. The order is to ensure that potentially illegally acquired assets cannot be transferred out of Switzerland, the government said in a statement on Monday. The freeze comes into force with immediate effect and will remain valid for four years, until further notice. A total of 37 people are currently affected by the freeze, the Swiss Foreign Ministry said in an emailed reply to questions. It declined to given any indication…

Dell Will Invest $125 Billion in China’s Tech in the Next 5 Years

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Boxtrade Lands $50 Million in Another New Funding Round with IBM

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A Look at How Social Media & Mobile Gaming Can Increase Sales

Find people with high expectations and a low tolerance for excuses. They’ll have higher expectations for you than you have for yourself. Don’t flatter yourself that this has much to do with you – this is just who they are. Don’t look for “nice” in these relationships. Look for trust. Be fearless in front of them with your ideas as many times as they’ll let you Beauty Dust is very pretty to look at and it tastes like nothing, which is great. Here is what it’s supposed to do: This…

Things to Look For in a Financial Trading Platform Environment

Find people with high expectations and a low tolerance for excuses. They’ll have higher expectations for you than you have for yourself. Don’t flatter yourself that this has much to do with you – this is just who they are. Don’t look for “nice” in these relationships. Look for trust. Be fearless in front of them with your ideas as many times as they’ll let you Beauty Dust is very pretty to look at and it tastes like nothing, which is great. Here is what it’s supposed to do: This…