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Gold rebounds from Six-Week-Low, Copper increased on Chinese Measures The price of gold recovered sharply from the lowest level of six weeks on Tuesday because the energy crisis that worsened in Europe raised safe-haven demand, while copper extended the benefits of more expectations of Chinese stimulus measures. Read Also: The IMF warns EU countries on […]
We are almost seven months into the war in Ukraine and our world’s focus has been static. We are preoccupied with the same problem, soaring energy prices, growing food shortages, depleting gas reserves, all near term outcomes of the war. You don’t seem to bother about the bigger picture, long term implications that could change […]
Protests in Prague, Building Pressure on Czech Govt to Control Soaring Energy Prices It is estimated that 70,000 people protested in Prague against the Czech government on Saturday, calling for ruling coalitions to do more to control the energy prices that surged and voiced opposition to the European Union and NATO. The organizer of protests […]
Kremlin said on Friday that Russia would stop selling oil to countries that set price caps on Russian energy resources – the caps which, according to Moscow, would cause significant destabilization of the world oil market. The Russian Tass News Agency quoted Deputy Prime Minister Alexander Novak as saying on Thursday that Russia would suspend […]
FACTORIES IN SPAIN REDUCE PRODUCTION DURING SOARING ENERGY PRICES Steel giant ArcelorMittal confirmed Thursday that the company would not reopen its factory in Bilbao, Spain, as expected this week due to high energy prices. Borja Maestre- A spokesman from the ArcelorMittal Sestao factory said, “The price of energy is high, and it eats our margins, […]
Russia and Iran to create an Independent Cooperation Mechanism from the West Russia and Iran focus on creating mechanisms that will allow them to develop cooperation, regardless of the West diktats, Russian Minister Sergey Lavrov said on Wednesday. The leaders of the two countries define concrete territories where the government must make efforts to achieve […]
RUSSIAN E-COMMERCE GIANT OZON OPENS OFFICE IN TURKEY Russian electronic giant Ozon said on Tuesday that it would open a local office in Turkey and facilitate consumers to pass more easily, helping Russian buyers buy goods directly from Turkish sellers on its platform. Because Western sanctions have rained down on Russia for the actions in […]
Jens Stoltenberg-NATO Chief warned on Thursday that success in Ukraine will lead Russia to attack other neighbors. Stoltenberg said in a Norwegian Worker’s Youth League summer camp on the island of Utoya,” This is our moral responsibility to support Ukraine against Russian offensive attacks”. The world could become more dangerous if Putin “gets what he […]
Shut down in Taiwan for Chinese invasion! As Taiwan intensifies preparations for the possibility of a Chinese invasion, roads were closed and residents were told to stay indoors on Monday during an air-raid drill. At 0530 GMT, sirens sounded for the required street evacuation drills, effectively closing down towns and cities in northern Taiwan for […]