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Rupee depreciation to raise India’s oil bill by $26 billion

A cheaper rupee could increase India’s crude oil bill by as much as $ 26 billion in FY 2018/19, according to Indian government officials. The currency hit a low of 70.32 to the US dollar on Friday, which will also push up fuel prices at the pump and prices of cooking gas. At the same […]

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Super-rich freeze their brains to ‘come back to life’ in 200 years

The ultra-wealthy are ready to spend huge amounts of cash to have their brains frozen after their death in the hope of being re-born in the future. Deep-pocketed citizens are reportedly paying $ 100,000 for cryogenic preservation of their brains in liquid. The service is being provided by the Arizona-based Alcor Life Extension Foundation. The […]

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Venezuela's Maduro announces new minimum wage, exchange rate tied to petro cryptocurrency

Venezuelan President Nicolas Maduro has announced the plan to tie the national currency’s exchange rate to the state-launched cryptocurrency petro. The country’s new and increase minimum wage will also be anchored to the petro. Maduro said the petro would be valued at $ 60 or 3,600 sovereign bolivars after the redenomination planned for August 20 […]

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Can US shale stop a global oil supply crisis?

Despite an expected slowdown in Permian growth rates, the US shale patch is increasing production and will continue to do so this year and next. Oil market investors and analysts are currently very much focused on the demand side, with concerns over the potential of trade wars to curb oil demand growth. On the supply […]

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Japan & China slashing US sovereign debt is Washington's worst nightmare

Latest figures from the US Treasury Department show that Russia and Turkey are not the only countries to dump US debt bonds. Washington’s second-biggest creditor, Japan, is doing the same. Tokyo dumped $ 82.9 billion, or seven percent of its US Treasuries holdings, over the twelve months ending in June – the latest month for […]

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South African farmers panic after list of apparent expropriation targets published

A list of white farmers whose lands are to be seized without compensation in South Africa has been published by the local minority rights group AfriForum. The government denies the accuracy of the list. The group has uploaded the list of the next land-expropriation victims on its website. AfriForum said it obtained the list through […]

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