Editors’ Picks – Page 26

20. 4. 2022 No Responses

Russian tax authority proposes using crypto as a foreign trade payment tool

Russia’s Federal Tax Service (FTS) has joined the debate around crypto regulation in Russia with an unexpectedly blunt proposition — to let Russian companies use digital currencies as a payment method when transacting internationally. On April 20, local newspaper Izvestia reported that...

19. 4. 2022 No Responses

Gaza – new combat drone becomes fully operational

New Iranian combat drone, called Gaza, has successfully passed flight tests and the unmanned aerial vehicle is now fully operational. The super heavy combat drone, which was unveiled in May last year, has a 21-meter wingspan and a 3,100-kilogram takeoff mass...

18. 4. 2022 No Responses

Oil From Emergency SPR Release Is Heading For Europe

Joe Biden’s decision to release 180 million barrels of oil from the US Strategic Petroleum Reserve was meant to help lower US gasoline prices “because Putin price hike.” Instead, it is heading for Europe. According to Bloomberg, citing a pers...

17. 4. 2022 No Responses

Teen Opioid Deaths Have Surge 350% Thanks To Rise Of Fentanyl

Data showed that deaths from opioid overdoses in teens aged 14 to 18 increased by a staggering 94% between 2019 and 2020 and by an additional 20% between 2020 and 2021. The latest data on opioid-related overdose deaths in the...

16. 4. 2022 No Responses

Latest Climate-Policy Capitulation

Biden Opens More Public Land To Oil & Gas Drilling In Latest Climate-Policy Capitulation Following a punishing surge in natural gas prices this past week (in defiance of cooling demand for heat as the spring arrives, and despite China’s ongoing...

23. 3. 2022 No Responses

Russia To Demand Hostile States Pay In Rubles For NatGas

During an address to the nation moments ago, Vladimir Putin said that Russia will demand that countries it has labeled “unfriendly” (which includes U.S., U.K., and European Union countries) must pay in rubles for Russian gas, Interfax reported. As a r...

17. 3. 2022 No Responses

U.S. sending Switchblade “Kamikadze” drones to Ukraine

Ukrainian forces will be armed with Switchblade “kamikaze” loitering drones that target enemy positions from 25 miles away as part of an $800 million US defence aid package. The American-made Switchblade devices are launched like mortar shells and glide th...

16. 3. 2022 No Responses

BMW, VW, Skoda Suspend Manufacturing

European automobile manufacturers are suspending the operation of a number of plants due to a shortage of parts delivered from Ukraine. “The problem with wire harnesses is that they are fundamental,” Alexandre Marian, a managing director at consult...

15. 3. 2022 No Responses

NLAW, Javelin, Starstreak: 2,000 pieces of weaponry sent to Ukraine

Western countries have sent more than 200,000 pieces of weaponry to Ukraine. From anti-tank missiles to rifles and ammunition, thousands of pieces of equipment have been pledged and sent to help Ukraine in its fight against Russian forces. The UK...

14. 3. 2022 No Responses

Airline lessors set to lose more than 500 planes and $12 billion

More than 500 aircraft leased to Russian airlines by companies based in the West are in danger of never coming out of Russia. Companies that lease airliners to Russian airlines such as Aeroflot and S7 (airline aircraft are routinely operated...

13. 3. 2022 No Responses

Warren Buffett accumulated another $1 billion in Occidental shares

In total, Berkshire now reports owning 136.4 million common shares of the oil giant, currently valued at $7.2 billion. That represents more than 13% of OXY’s outstanding shares. Berkshire also holds warrants to buy nearly 84 million more shares at...

1. 3. 2022 No Responses

Oil Prices Soar Despite Petroleum Reserve Release

Crude prices continued to rally on Tuesday morning despite the news of concerted SPR releases. The IEA Ministerial Meeting being held on Tuesday has resulted in an agreement of some of its members to release 60 million barrels of crude...

16. 2. 2022 No Responses

Presence of US, Turkish forces in Syria violates international law

Syria’s Foreign Minister Faisal Mikdad has stressed that the presence of US and Turkish forces in the Arab country constitutes a violation of international law. During his meeting with the United Nations special envoy for Syria, Geir Pedersen, in Damascus...

15. 2. 2022 No Responses

Banks Inject $1.5 Trillion In Coal Sector

Despite pledges from many banks that they would review, limit, or phase out coal financing in the energy transition, lenders have financed the coal industry globally with $1.5 trillion since 2019, a report from Germany-based NGO Urgewald cited by Bloomberg sh...

14. 2. 2022 No Responses

Even OPEC Said Oil Prices Are Too High

OPEC’s head, Mohamed Barkindo, said the cartel was making an effort to ensure supply. “There’s no doubt that we are concerned with ensuring that the security of supply is also guaranteed,” he said during the same event, EGYPS 2022. OPEC and its...

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