Commentary Now that Russia’s conquest of Ukraine has begun, will communist China’s invasion of Taiwan be next? It’s not clear how Beijing will “unify” China, but it is already normalizing the idea by openly mentioning a Taiwan invasion in the media. Does this signal an invasion? It may, and sooner than later. And while it’s…
Wall Street’s Latest Stealth Threat to the Global Economy, and Your Money
Commentary Investors are always looking for ways to earn above-market returns—and Wall Street is always happy to come up with some creative ways to oblige. Back during the 2008 meltdown, they fed the market’s appetite for yield with something called collateralized debt obligations or CDOs. These weren’t new innovations. They were created back in 1987…
Renewables Place Europe’s Electricity at the Mercy of Russia
Analysis Countries in Europe that have shifted away from coal in favour of renewables are now vulnerable to electricity price shocks as Russia—the region’s primary natural gas supplier—begins its invasion of Ukraine. Except for Poland, all countries in the European Union (EU) have pledged to reach net-zero emissions by 2050. To achieve this, the EU…
Major US Truck Convoy Gets Free Food, Loads of Donations After Starting Cross-Country Trek
LUPTON, Arizona—A convoy numbering about 100 vehicles made its first stop in Arizona, receiving free food from a pizza restaurant and the Navajo Nation. The group, dubbed The People’s Convoy, is en route to Washington to protest against COVID-19 mandates and other actions drivers and supporters call government overreach. The convoy spent their first night…
Top Russian Banks ‘Operating Normally,’ Downplay Impact of US Sanctions
February 25, 2022
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Business & EconomyCompanieseconomyEuropeMarketsRussia Ukraine invasionRussia-Ukraine WarRussian bankssanctions on RussiaWorld
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Russian banks have shrugged off the impact of Washington’s sanctions, which were imposed following Russia’s invasion of Ukraine, insisting that they continue to function normally. Sberbank, Russia’s biggest bank, said it was studying the implication of American sanctions. “Sberbank and all its systems are operating normally, their funds and services are available to individuals and…
Putin Demands Ukrainians Disarm, Remove Leadership
Russian President Vladimir Putin on Friday called on the Ukrainian military to seize power in their country and overthrow President Volodymyr Zelensky, while the Kremlin said Putin is willing to send a delegation to Belarus to meet with Kyiv officials. However, in a televised speech, Putin told the Ukrainian military that it would be “easier for…
Japan and China Trade Accusations Over Temporary Detention of Japanese Diplomat in Beijing
Japan and China blamed each other for the recent detention of a Japanese diplomat in Beijing amid growing tensions between the two countries. On Feb. 23, Japan’s Ministry of Foreign Affairs said it had lodged a strong protest over the detention of one of its diplomats in Beijing and demanded an apology. It emphasized that…
Republican Support for Trucker Protests Growing
Support for the trucker convoy, which was designed to protest vaccine mandates imposed on truckers by the U.S. and Canadian governments, is growing among Republicans. In January, President Joe Biden and Canadian Prime Minister Justin Trudeau each put rules in place requiring that truckers crossing international lines show proof of vaccination against the Chinese Communist…
Germany’s Lindner Says Europe Will Be Able to Shield Its Economies Against Inflation Rising Over Ukraine War
February 25, 2022
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Business & Economyeconomic policiesEconomieseconomyEuropeGermanyinflationLindnerRussiaRussia-Ukraine WarUkraineWorld
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PARIS—European sanctions against Russia over the war in Ukraine will lead to cost increases, German Finance Minister Christian Lindner said, but the bloc will be able to protect its economies against the effects of further inflation. Lindner spoke ahead of a European finance ministers’ meeting in Paris which is due to focus largely on the…
Russia Selling Oil at Deep Discount Following Ukraine Invasion, Traders Wary of Sanctions
February 25, 2022
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Brent crude oilBusiness & EconomycommoditieseconomyEuropeMarketsNew Sanctions on RussiaRussia-Ukraine WarUrals crude oilWorld
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Russia’s crude oil is being sold at record discount rates as the country faces tough sanctions from Western nations following its invasion of neighboring Ukraine, but traders have remained cautious and stepped back from buying the discounted fuel. Moscow is offering Urals crude oil at a discount of $11.60 per barrel below Dated Brent, the…
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