Tag Archives: COLLAPSE

Brazil mining giant agrees to pay $7bn for collapse that killed 272 people

The Brazilian mining giant Vale has agreed to pay $7bn compensation for a deadly dam collapse that killed 272 people. The Brumadinho disaster, on 25 January 2019, is considered one of the worst environmental tragedies in Brazilian history. At just after noon that day the tailing dam’s sudden collapse caused a toxic torrent of mining […]

‘Blow-up’ event could COLLAPSE US DOLLAR as America’s debt mounts, ex-IMF official warns

The US dollar’s status as the dominant global currency is at risk of being eroded because of mounting government debt, according to Zhu Min, former senior executive with the International Monetary Fund (IMF). His warning comes as the United States is expected to double down on its fiscal stimulus measures to soothe the economic fallout […]