The dilemma that is facing Europe’s powerhouse

More German austerity will cripple Europe’s nascent recovery and Germany’s own prosperity.

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China tanks up on oil

In the last 18 months, China has signed loan-for-oil agreements worth more than $60 billion with Russia, Kazakhstan, Turkmenistan, Brazil and Venezuela, among other countries.

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Global credit system faces a serious crisis

A possible Spanish banking disaster, escalating Asian political risks and another round of a US housing crisis are flashing some warning signals.

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