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Europe Loses Cost War With China: McKinsey Report 2025
McKinsey report reveals Europe cannot close the production cost gap with China even under best-case reforms. Semiconductor costs 50% higher, solar dominated by China. Read key sector breakdowns and policy implications.
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BRICS Pay 2026: Challenge to SWIFT and Dollar Dominance
BRICS Pay launches at the 2026 India summit, challenging SWIFT as dollar reserve share falls below 57%. Intra-bloc local currency trade surpasses 67%. Analysis of infrastructure, divisions, and impact on sanctions.
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Critical Mineral Paradox: 2026 Supply Glut Reshapes Global Power
A 2026 oversupply of lithium, cobalt, and rare earths threatens to lower prices, stall Western investment, and deepen reliance on China's refining dominance. UNCTAD and ODI analyses reveal a narrow 12-18 month window for...
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Venezuela Earthquake: Death Toll Hits 1,700, Thousands Injured
Venezuela earthquake death toll rises to 1,700 with 5,000 injured after two major quakes. International rescue teams search rubble for survivors in La Guaira and Caracas.
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De-Dollarization 2026: BRICS, Gold, and the Multipolar Shift
USD reserves fall below 57% as BRICS buys 1,237 tonnes of gold in 2025 and launches mBridge. Saudi Arabia and UAE settle oil in yuan. Analysis of whether this ends dollar hegemony or creates a multipolar system.
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Central Europe Heatwave Shatters Records: 41.7°C in Germany
Central Europe heatwave shatters records with 41.7°C in Germany, 41.9°C in Czechia, and 40.5°C in Poland. Over 1,300 deaths reported. Scientists say climate change made it 'virtually impossible' without global warming.