According to Fitch Ratings analyst, James MacCormack, there is a likelihood of the US Dollar surrendering its exorbitant privileges and ultimately losing its special global standing due to a number of factors. Some of the factors that have been identified by James are related to U.S. policy decisions. The statement from James seemingly received some sort of backing from the Russian President, Vladimir Putin, during the St. Petersburg International Economic Forum. Putin told participants at ... Read more

Boris Johnson is the leading candidate to succeed Theresa May as Britain’s next prime minister and has threatened to withhold $50 billion Brexit payment until the European Union gives Britain better exit terms. This is following the resignation of May as the British PM as well as stepping down as the leader of the governing Conservatives.

The EU has also stated severally that it will not reopen discussion with UK on the Brexit transition deal reached with May last year. Unfortunately ... Read more