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Annelise Nielsen

US system ‘breaking down before our eyes’

The collapse of three major US banks has sent a shockwave through the US, with critics of the financial system worried the government’s bailout will cascade into something far worse.The failure of both Silicon Valley Bank and the New…

Musk no longer world’s richest person

Elon Musk is no longer the word's richest person, according to Bloomberg and Forbes’ rich lists.The title now belongs to French businessman Bernard Arnault, the chief executive of the LVMH empire, which includes Louis Vuitton, Christian…

Embarrassing video exposes Trump downfall

Is Donald Trump the new Jeb?The former President made his long-expected announcement of a third White House bid at his Mar-a-Lago resort in Florida on Tuesday night — but many in the audience were already bored before the end of the…

OPEC sides with Russia in oil squeeze

Oil cartel OPEC and its Russian-led allies have announced a major cut in output.The decision to reduce oil production by two million barrels a day will drive up prices and increase pain for Western nations that are already struggling with…