Lebanon to devalue currency by 90% on Feb. 1

Lebanon to devalue currency by 90% on Feb. 1

Lebanon will adopt a new official exchange rate of 15,000 Lebanese pounds per US dollar on Feb. 1, central bank governor Riad Salameh said, marking a 90% devaluation from its current official rate that has remained unchanged for 25 years....
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Qatar Investment Authority doubles stake in Credit Suisse

Qatar Investment Authority doubles stake in Credit Suisse

The Qatar Investment Authority (QIA) now owns 6.8% of Credit Suisse’s shares, second only to the 9.9% stake purchased by the Saudi National Bank last year as part of a $4.2 billion capital raise. Combined with the 3.15% owned by...
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Freeport LNG Denies Reuters Report

Freeport LNG Denies Reuters Report

Freeport LNG has denied a Reuters report citing unnamed sources as saying that the restart of its Texas facility will be pushed back to February due to regulatory approval issues. On Wednesday, Reuters published a story citing three unnamed sources as saying...
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Russia Restores Output At Sakhalin-1 Oil Project After Exxon Exit

Russia Restores Output At Sakhalin-1 Oil Project After Exxon Exit

Russia has ramped up oil production from the Sakhalin-1 project and expects the field to soon pump at the full level of 220,000 barrels per day (bpd) after the project’s previous operator, U.S. supermajor ExxonMobil, quit Russian operations, an industry...
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Dozen Dead, Over 100,000 Without Power In California

Dozen Dead, Over 100,000 Without Power In California

A moisture conveyor belt of atmospheric rivers continues to pound storm-battered California as the latest system could be the most severe yet. Power outages plague Northern California, as a dozen people have died across the Golden State in the last two weeks...
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5 North Korean UAVs flew into South Korea

5 North Korean UAVs flew into South Korea

On the morning of December 26th, several North Korean UAVs crossed the demarcation line dividing the Korean peninsula and entered the airspace of South Korea. According to the Joint Chiefs of Staff of the Armed Forces of South Korea, several...
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EU Imposes The World’s Largest Carbon Tax Scheme

EU Imposes The World’s Largest Carbon Tax Scheme

To prevent “carbon leakage” the European Parliament Reached a Deal on a Carbon Border Adjustment Mechanism, CBAM for short. An EU Carbon Border Adjustment Mechanism (CBAM) will be set up to equalise the price of carbon paid for EU products operati...
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BIS sets a limit of 2% on crypto reserves among commercial banks

BIS sets a limit of 2% on crypto reserves among commercial banks

Group of Central Bank Governors and Heads of Supervision (GHOS) of the Bank for International Settlements (BIS) sets a limit of 2% on crypto reserves among commercial banks. The new standard limits crypto reserves among banks to 2% by 2025,...
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Borrell: EU military stockpiles ‘depleted’

Borrell: EU military stockpiles ‘depleted’

Josep Borrell – Vice-President of the European Commission: EU military stockpiles ‘depleted’ Darkest hour for warmongers – “Demilitarization of Ukraine” morphed into “Demilitarization of NATO”.  “We have given weapons...
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Dutch Gov’t Attempts To Forcibly Close 3,000 Farms To Comply With ‘Green’ Agenda

Dutch Gov’t Attempts To Forcibly Close 3,000 Farms To Comply With ‘Green’ Agenda

Dutch farmers protesting for months over the government’s radical ‘green’ plan to slash nitrogen emissions by 50% – 95% could soon face forced buyouts of their land. “For agricultural entrepreneurs, there will be a stopping schem...
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Wind auction nets $757M in California

Wind auction nets $757M in California

For the first time in history, the U.S. government on Tuesday started auctioning off sites for offshore wind development near America’s Pacific coast. The Bureau of Ocean Land Management (BOEM) took bids for the rights to develop wind turbines in...
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Germans banned from using nitrate fertilizers

Germans banned from using nitrate fertilizers

Farmers in Germany’s most populous state must severely rein in their use of certain fertilizing techniques under a new set of restrictions apparently aimed at making the industry more “green.” As of Thursday, farmers in North Rhine-Westphalia are requir...
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ANC ‘reformist’ president under fire after $580,000 found stuffed in a sofa

ANC ‘reformist’ president under fire after $580,000 found stuffed in a sofa

President Cyril Ramaphosa’s job has come into question after a report claiming that millions of dollars in cash were found at his private game farm. South Africa’s President Cyril Ramaphosa, embroiled in scandal and under threat of impeachment, has no int...
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A Day In Ukraine Is A Month Or More In Afghanistan

A Day In Ukraine Is A Month Or More In Afghanistan

Two-thirds of the North Atlantic Treaty Organization (NATO) have depleted their stockpiles by sending weapons to Kiev, according to an alliance official. Even larger NATO states are struggling to meet the demands of Ukraine’s war effort. The New York Times.....
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FTX bankruptcy: $740M in crypto assets recovered

FTX bankruptcy: $740M in crypto assets recovered

The company tasked with locking down the assets of the failed cryptocurrency exchange FTX says it has managed to recover and secure $740 million in assets so far, a fraction of the potentially billions of dollars likely missing from the...
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