Search Results for: bill gates

80 richest people have more wealth than poorest 3.5 billion

Davos Switzerland

Billionaires and politicians gathering in Switzerland this week will come under pressure to tackle rising inequality after a study found that – on current trends – by next year, 1% of the world’s population will own more wealth than the other 99%. Ahead of this week’s annual meeting of the World …

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Hubble snaps image of Andromeda galaxy at 1.5 billion pixels

Hubble image Andromeda galaxy

NASA and the European Space Agency (ESA) have released the sharpest and biggest image ever taken of the Andromeda galaxy. The image taken by the Hubble Space Telescope has an amazing 1.5 billion pixels that would require 600 HD television screens to display in full. This panorama is the product of the Panchromatic …

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The whistleblower who cost JPMorgan $9 billion speaks out

JPMorgan whistleblower Alayne Fleischmann

A whistleblower whose evidence prompted one of America’s biggest banks to pay out $9 billion to avoid federal prosecution has spoken out for the first time about her battle to reveal the truth. Alayne Fleischmann was a lawyer with JP Morgan in 2006 who tried to alert her managers to …

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French bank to pay $8.8 billion for violating US sanctions

BNP Paribas

French banking giant BNP Paribas has agreed to plead guilty to two criminal charges of violating US sanctions, and will pay a record-breaking $8.8 billion settlement. Prosecutors allege BNP conducted “long-term, multi-jurisdictional conspiracy.” A lawyer representing the bank appeared in New York state court on Monday to answer for both charges, reports …

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Ukraine to buy $1 billion of gold with IMF money

Ukraine flag

A month ago, it was alleged, that Ukraine – under cover of night – loaded its gold reserves onto a plane and shipped them off (for safekeeping) in the US, as the potential price of ‘liberation’. So how ironic that, given the massive gas debts that Ukraine owes to Russia …

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Federal Reserve: $75 billion a month in bond purchases

Ben Bernanke

The Federal Reserve will decrease the amount of bonds purchased by the United States central bank, Chairman Ben Bernanke said Wednesday, by roughly $10 billion per month. Bernanke was about to make his last scheduled news conference as head of the Fed on Wednesday afternoon when the bank’s newest plan …

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Australian bank class action ‘could be worth billions’

commonwealth bank sign

Promoters of a class action for “victims” of Commonwealth Bank’s $2.1 billion takeover of Bankwest in 2008 say it could be the largest litigation of its type, worth billions of dollars. Anti-bank advocate Geoff Shannon, who founded the Unhappy Banking website, said yesterday he had secured the backing of an …

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Open letter to the World Gold Council – Billionaire Eric Sprott

eric sprott

Dear World Gold Council Executives; As you very well know, the business environment for gold producers has been extremely challenging over the past few years. While demand for physical gold remains extremely strong, prices on the COMEX have fallen precipitously. This contradictory situation is the single most important obstacle to …

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Music industry caught faking billions of YouTube views

Rihanna illuminati reptilian

Rihanna’s record label, Universal Music, was the biggest loser from a YouTube video view crackdown. The world’s biggest recording companies have been stripped of two billion YouTube hits after the website cracked down on alleged ‘fake viewers’. Universal, home of Rihanna, Nicki Minaj and Justin Bieber, lost a total of …

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Nielsen sued for billions over allegedly manipulated TV ratings

nielsen logo

In a huge new lawsuit, the business of TV ratings is fingered for rampant corruption by India’s largest TV news network. New Delhi Television Limited, India’s oldest and largest news network, has lobbed a legal grenade at The Nielsen Co. In a 194-page lawsuit filed in New York court late …

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Google receives $2.7 billion EU fine over manipulating search results

Google EU fine search engine manipulation

The European Union’s antitrust regulator on Tuesday fined Alphabet Inc.’s Google a record €2.42 billion ($2.71 billion) for favoring its own comparison-shopping service in search results and ordered the search giant to apply the same methods to rivals as its own when displaying their services. The decision, if it is upheld, …

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Ukraine’s National Bank receives another $1 billion from the IMF

Ukraine IMF International Monetary Fund

The fourth tranche of the International Monetary Fund credit of $1 billion to Ukraine has entered the reserve of the National Bank of Ukraine, Ukrainian Finance Minister Oleksandr Danyliuk said Wednesday. The IMF approved a four-year program of financial aid to Ukraine in March 2015. Kiev has already received three tranches of aid totalling …

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Goldman Sachs buys $5.7 billion in toxic mortgages

Goldman Sachs toxic mortgages delinquent loans

Most banks hear “delinquent loans” and run, but Goldman Sachs is not most banks. The massive investment bank is greedily betting that it can squeeze value out of delinquent mortgages with a multi-billion dollar purchase of auctioned loans that have unpaid loan balances of $5.7 billion. The Wall Street Journal reports that the investment bank …

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George Soros lost $1 billion following Trump election win

George Soros losses 1 billion Trump election

Billionaire hedge fund manager and major Hillary Clinton backer George Soros lost nearly a billion dollars in stock since President-elect Donald Trump won the White House. Soros returned to the stock market, trading at Soros Fund Management LLC, which manages almost $30 billion in assets for Soros and his family. …

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Yahoo gets hacked, 1 billion user account details stolen

Yahoo hack 1 billion accounts Marissa Mayer

Yahoo has suffered another hack. The company disclosed today that it has discovered a breach of more than one billion user accounts that occurred in August 2013. The breach is believed to be separate and distinct from the theft of data from 500 million accounts that Yahoo reported this September. Troublingly, Yahoo’s …

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Billionaires move gold into underground bunkers in Swiss Alps

swiss-alps-gold-billionaires

Seeking to avoid increased tax authorities’ scrutiny and apparently doubting the security of banks, it seems that some billionaires opt to store their assets in gold bullion in underground bunkers hidden deep in the Swiss Alps. The Foreign Account Tax Compliance Act (FATCA), a US federal law, has come into effect, …

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Wall Street rocked by $8 billion hedge fund implosion

Jacob Gottlieb Visium

Visium Asset Management, a multibillion dollar hedge fund, has imploded in the biggest scandal to hit the industry in years. The fund told investors of its plan to close in a letter Friday. It’s the most high-profile shutdown since authorities forced Steve Cohen’s controversial SAC Capital to close in 2013. A slew …

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US debt dumped as central banks and billionaires buy gold

Gold central banks billionaire debt

From Filip Karinja, for Birch Gold Group Central banks have been dumping U.S. debt at an unprecedented rate. Last year, foreign central banks sold an astonishing $225 billion in U.S. treasury bonds. And now, just a few months into 2016, the rate of selling has increased, with central banks having already sold $123 …

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Billionaire hypocrite George Soros owes $7 billion in taxes

George Soros tax

The US government will crack down on little people, including Snowden, whether it’s over economics, or law breaking, while the big guys, such as George Soros and David Petraeus get a free ride, Gerald Celente the publisher of Trends Journal, told RT. One of the world’s richest people, 84-year-old George …

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Russia & China sign currency swap deal worth $25 billion

Yuan China

The central banks of China and Russia have signed a 3-year ruble-yuan currency swap deal up to $25 billion, in order to boost trade using national currencies and lessen dependence on the dollar and euro. On Monday, China’s Central Bank announced the 150 billion yuan (815 billion ruble) currency swap …

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