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GOLD INDUSTRY SHAKEN AFTER 83 TONS OF FAKE GOLD BARS DISCOVERY

GOLD INDUSTRY SHAKEN AFTER 83 TONS OF FAKE GOLD BARS DISCOVERY

The gold industry has been shaken after it was discovered that 83 tons of fake gold bars have been used as collateral for loans worth 20 billion yuan from 14 financial institutions to a major gold jewelry manufacturer in Wuhan, China. This amount of gold “would be equivalent to 22% of China’s annual gold production and 4.2% of the state gold reserve as of 2019.”

CHESAPEAKE ENERGY IS THE BIGGEST OIL AND GAS BANKRUPTCY OF COVID-19

CHESAPEAKE ENERGY IS THE BIGGEST OIL AND GAS BANKRUPTCY OF COVID-19

Fracking pioneer Chesapeake Energy Corporation on Sunday became the largest oil-and-gas company to file for bankruptcy protection during the coronavirus pandemic.

FACEBOOK AND TWITTER STOCKS PLUNGE AFTER AS UNILEVER STOPS ADVERTISING

FACEBOOK AND TWITTER STOCKS PLUNGE AFTER AS UNILEVER STOPS ADVERTISING

Shares of both Facebook and Twitter were down more than 7% in mid-day trading Friday after Unilever said it would pull its advertising from the social media companies for the rest of the year.