LONDON—Oil prices rose on Tuesday as a supply crunch in natural gas, electricity, and coal continued across the globe while falling temperatures in China revived concerns over whether the world’s biggest energy consumer can meet domestic demand for heating. The Brent crude benchmark rose 35 cents, or 0.4 percent, to $84.68 a barrel by 0827…
Oil Prices Rise on China Energy Demand Concerns
October 19, 2021
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World Stocks at 1-Month High as Bond Yields Soften
October 19, 2021
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Asia & PacificAustraliabondBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomyEuropeInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechMiddle EastNew YorkNY NewsRegional-Local NewsstocksTexasUKUSUS NewsWorldyields
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LONDON—World stocks climbed to a one-month high on Tuesday as a rally in technology shares and prospects of solid corporate earnings helped counter concerns about elevated inflationary pressures. Oil prices took a breather from their eye-catching rise in recent weeks while the worrying trend of flattening global government bond yield curves paused, helping investors recoup…
Officials: Iraq Arrests Mastermind of Deadly 2016 Bombing
BAGHDAD—Iraq said Monday it has detained the mastermind behind a deadly 2016 bombing in a Baghdad shopping center, which killed around 300 people and wounded 250. The suicide car bombing in the central Karradah district was the deadliest attack by a single bomber in the Iraqi capital after the 2003 U.S.-led invasion that toppled Iraqi…
Large Fire in Major Oil Refinery in Kuwait
A fire erupted on Monday at a major oil refinery in Kuwait, the state-owned oil company said, reporting that some workers suffered from smoke inhalation and other light injuries. The blaze at the key Mina al-Ahmadi oil refinery along Kuwait’s Persian Gulf coastline north of its border with Saudi Arabia did not affect the electrical…
Oil Prices Climb as COVID-19 Recovery, Power Generators Stoke Demand
October 18, 2021
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LONDON—Oil prices hit multi-year highs on Monday buoyed by recovering demand and high natural gas and coal prices encouraging users to switch to fuel oil and diesel for power generation. Brent crude oil futures were up 59 cents, or 0.7 percent, to $85.45 a barrel by 0900 GMT, after hitting $86.04, their highest level since…
The Distortion of Football Competitions: A Story of Dubious Investments
October 17, 2021
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Commentary Football fans palpably celebrated when Newcastle United announced that Saudia Arabia’s Public Investment Fund (PIF) had purchased the club for a staggering £305 million ($419.7 million). The Premier League had approved the deal after receiving legally binding guarantees that the new Saudi Arabian owner would not control the club. Newcastle United is a club…
Distortions in the World Game: A Story of Dubious Investments
October 17, 2021
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AustraliaEnglish FootballEuropean footballInternationalMiddle Eastnewcastle unitedOpinionSaudi ArabiaSoccerSportsSports NewsUKViewpointsWorld
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Commentary Football fans palpably celebrated when Newcastle United announced that Saudia Arabia’s Public Investment Fund (PIF) had purchased the club for a staggering £305 million ($419.7 million). The Premier League had approved the deal after receiving legally binding guarantees that the new Saudi Arabian owner would not control the club. Newcastle United is a club…
Pentagon Offers Money to Relatives of Afghans Killed by Botched US Airstrike
A top U.S. military official offered payments to relatives of Afghans who were killed by an Aug. 29 U.S. airstrike in Kabul, the Department of Defense said Saturday. Colin Kahl, the U.S. undersecretary of defense for policy, conveyed the offer to Dr. Steven Kwon, founder and president of Nutrition and Education International (NEI), a Pentagon…
Pentagon Offers Money to Relatives of Afghans Killed in Botched US Drone Strike
A top U.S. military official offered payments to relatives of Afghans who were killed in an errant Aug. 29 U.S. drone strike in Kabul, the Department of Defense said on Oct. 16. Colin Kahl, the U.S. undersecretary of defense for policy, conveyed the offer to Dr. Steven Kwon, founder and president of Nutrition and Education…
ISIS Claims Deadly Mosque Bombing That Killed 47 Afghans During Prayers
The ISIS terrorist group claimed responsibility for a deadly suicide bomb attack at a Shiite mosque in southern Afghanistan on Oct. 15 that killed 47 people and injured dozens more. The blast happened during Friday prayers in the first district of Kandahar city and involved two ISIS members who shot and killed security guards manning…
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