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The good times of Western economic prosperity are over and not coming back any time soon
RT World News (RSS)

Having once built a capitalist system of booming growth, the US is now throttling it with politics and bad fiscal decisions

Yesterday, the United States Federal Reserve decided to yet again increase interest rates by 0.25% up to 5% despite the collapse of several US banks, including Silicon Valley Bank (SVB), as well as more trouble overseas.

This eye-watering increase is expected to have a negative impact on US economic growth, place banks under even further strain, and, by extension, have global implications. The goal of the hike is to tame surging inflation that has spooked Western countries and...

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Donald Trump's former aides ordered to testify in Capitol riots probe
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A US Judge has ordered Donald Trump's ex-aides to appear before the grand jury investigating the notorious attack on the US Capitol building.

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Jeff Bezos' Blue Origin hopes to resume space flights 'soon'
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Billionaire Jeff Bezos' space company Blue Origin on Friday expressed hopes of resuming flights of its grounded rockets soon.

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How Soviet armored trains helped defeat Nazi Germany

The outbreak of war came as a real nightmare for Soviet armored trains, which frequently had to cover the withdrawal of Red Army units single-handedly. If the enemy managed to sever the railway line, the armored train was doomed. It was either destroyed or blown up by its own crew.

With the turning of the tide in the war, the โ€œfortresses on wheelsโ€ were transformed from desperate โ€œsuicide trainsโ€ into a solid back-up for Soviet troops as they swept westwards.
One elusive Soviet armored train caused the Germans so much trouble that they dubbed it the โ€˜Green Ghostโ€™.

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US Firm Claims Beijing Authorities Raided Office and Detained Staff

Due diligence company Mintz Group claims five of its Chinese staff were apprehended and its operations ceased, and have vowed to "resolve any misunderstandings" with authorities.

The New York-headquartered business - which according to its website specialises in background checking, fact gathering and internal investigations - claims it was not given legal notification of the raid, and says the detainees are being held incommunicado outside of Beijing.

"Red alerts should be going off in all boardrooms right now about risks in China," a US-based business community person told Reuters.

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Mexico Tapped the Phone of Human Rights Activist - President

President Andres Manuel Lopez Obrador confirmed his government tracked the phone of activist Raymundo Ramos in 2020, but added that it was lawful because he โ€œwas speaking on the phone to a suspected drug traffickerโ€ who was under investigation.

The admission comes after a report by non-profits claimed the military had access to messages Ramos had sent to journalists, follows allegations of widespread spying on journalists and opponents - an assertion the President furiously denies.

Ramos claims the government โ€œwant to shoot the messenger,โ€ he told Reuters in response to the Presidentโ€™s comments.

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US Senate rejects bid to repeal 2001 war authorization
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The decades-old legislation has been invoked to justify US military operations in at least 22 countries

The US Senate has overwhelmingly voted down a proposal to repeal a 2001 law which has been interpreted to grant sweeping war powers to the White House. Several presidents have cited the same measure as legal backing for dozens of military interventions around the world over more than 20 years.

Introduced by Republican Senator Rand Paul to mark the 20th anniversary of the US invasion of Iraq, an amendment to rescind the 2001 Authorization for Use of Military Force (AUMF) was...

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China responds to TikTok allegations
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Beijing insisted it would never ask any Chinese company to collect data or intelligence abroad

China has rejected charges by US officials that TikTok is used to collect Americansโ€™ data, rebutting the claims after the companyโ€™s CEO was grilled by lawmakers in Washington amid growing calls to ban the popular video-sharing app. 

Asked about TikTok chief Shou Zi Chewโ€™s contentious appearance before the US Congress this week, Chinese Foreign Ministry spokesperson Mao Ning argued that the Peopleโ€™s Republic โ€œtakes data privacy and security very seriously.โ€

...

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US due diligence firm Mintz Group's office raided in Beijing
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US corporate due diligence firm Mintz Group said on Thursday (March 16) that its office in Beijing was raided by Chinese authorities and that five

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'Hotel Rwanda' hero to be released from Rwandan prison
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The Rwandan government has announced that Paul Rusesabagina, who was portrayed as a hero in the Hollywood film "Hotel Rwanda" about the Rwandan gen

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Morning brief: Trump warns of 'death and destruction' if arrested, Biden-Trudeau Canada meet, & more
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In an overnight post on his Truth Social website, former president Donald Trump stepped up his criticism of the Manhattan district attorney's inves

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UBS, Deutsche Bank Shares Plummet as Fears of Banking Crisis Spread

Deutsche Bank fell 11% as the cost of insuring its bonds against the risk of default spiked, and UBS shares were down 6% on Friday as IG market analyst Chris Beauchamp says โ€œwe are still on edge waiting for another domino to fall.โ€

A fifth of value has been wiped off Deutsche bank so far this month and the cost of its credit default swaps jumped to a four-year high, as its attempts to return to a โ€œsolid footingโ€ have failed, according to Stuart Cole, head macro economist at Equiti Capital.

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Russian troops losing momentum in battle of Bakhmut as Ukraine puts up strong defence
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The initial upper hand gained by the Russian forces in Bakhmut, the Ukrainian city which Moscow has spent months trying to capture, seems to have f

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US and Canada strike border deal
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President Biden said Washington and Ottawa would address โ€œhistoric levels of migration in our hemisphereโ€

The United States and Canada have announced an immigration plan that will change the way they take in asylum-seekers. While Ottawa vowed to accept 15,000 additional migrants, the deal allows both countries to reject those who arrive at unofficial border crossings.

President Joe Biden unveiled the new agreement alongside Canadian Prime Minister Justin Trudeau on Friday, claiming it would br...

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13 Dead As Police Clash With Drug Gang Near Rio de Janeiro

At least 13 people were killed in clashes with police just outside Rio de Janeiro, after a raid to arrest a local gang leader, police said.

According to authorities, those killed were all suspected criminals. Leonardo Costa Araujo, the man accused of being a drug gang leader and implicated in police murders in recent years, is among the dead.

Three local residents with no suspected criminal connections were also shot and injured during the clashes, the police added.

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CrossTalk โ€” Alternative Order

In the West it is called a marriage of convenience, but for Russia and China their relationship is strategic and an alternative to the Westโ€™s so-called โ€˜rules-based order.โ€™ What the West refuses to recognize is what the Russians and the Chinese practice โ€“ and itโ€™s called โ€˜multipolarity.โ€™

CrossTalking with Andy Mok, Danny Haiphong, and John Gong.

Watch the full episode here.

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WATCH: Macron takes off luxury watch on television while taking about pension reforms, irks protesters
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Emmanuel Macron, the president of France, came under fire for taking off an expensive watch during an interview about pension reforms.ร‚ He was shown

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