INTERNATIONAL. James Rickards recently released his first book, Currency Wars: The Making of the Next Global Crisis. Peter Schiff sat down with Rickards to get his perspective on what's behind these currency wars, and find out what he recommends investors do to preserve their wealth.
INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
UAE. UAE textile industry is undergoing major reorientation toward non-clothing applications; UAE export share ahead of Germany, France, Italy, Spain, Netherland and China; World textile and apparel trade expected to reach US$805 billion by 2015.