China Loans Venezuela $5 Bn for Petroleum Development

Big news in the world of economic cooperation: The Development Bank of China has approved a loan of US$5 billion for Venezuela to increase petroleum development. According to reports the money will be used for upgrading much of the equipment and methods to produce petroleum in the country. This move comes as there has been…

A Quick Tale of Two Hypocrisies

Once again president Trump has decided to speak before thinking. At the 72nd UN assembly today, he decided to threaten the DPRK who oppose US power in their countries. “The United States has great strength and patience, but if it is forced to defend itself or its allies, we will have no choice but to…