The Biden administration confirmed Thursday it asked Saudi Arabia to delay an OPEC+ vote to cut oil production until its next meeting, which comes after the 2022 midterms. “We presented Saudi Arabia with analysis to show that there was no market basis to cut production targets, and that they could easily wait for the next…
White House Confirms Biden Admin Asked Saudis to Postpone Oil Cuts Until 1 Month After Midterms
4 Countries Joined Russia in UN Vote on Ukraine Annexations
The U.N. General Assembly on Wednesday voted in favor of condemning the Russian annexation of four Ukrainian areas amid the ongoing conflict, with four countries siding with Moscow. Of the 193-member U.N. body, 143 voted in favor of a resolution to criticize Russia’s annexation and referendums last month. Thirty-five abstained, according to a photo posted…
OPEC+ Oil Supply Cuts Could Push World Into Recession: IEA
The International Energy Agency (IEA), which includes the United States as a key member, has warned that the recently announced OPEC+ oil supply cuts could push up energy prices, adding fuel to “unrelenting inflationary pressures” and tipping the world into a recession. The agency said in its latest oil market report, released on Oct. 13,…
Putin Warns All Global Energy Infrastructure at Risk After Nord Stream Pipeline Blasts
Russian President Vladimir Putin has said that all energy infrastructure throughout the world is at risk following explosions on the Nord Stream 1 and 2 gas pipelines under the Baltic Sea last month. Speaking at an energy forum in Moscow on Wednesday, the Russian leader said the explosions at the pipelines were a terrorist attack that have set “the most…
Ukraine’s Admission to NATO ‘Guaranteed’ to Lead to World War 3: Russian Official
Ukraine’s admission to NATO could trigger a third world war, the Deputy Secretary of the Security Council of the Russian Federation, Alexander Venediktov, warned on Thursday. In an interview with the Russian state-owned news agency Tass, Venediktov said that NATO itself is fully aware of the consequences of Ukraine being accepted into the North Atlantic Treaty Organization. Ukraine’s…
Major Australian Health Insurer Disables Systems in Response to Cyberattack
One of Australia’s largest private health insurers has suffered a cyberattack just a week after telecommunications giant Optus was spurred into damage control after the data of millions of customers was leaked. The Medibank Group, which services around 3.9 million customers, revealed on Oct. 13 that a day earlier it detected unusual activity on its…
Details of Over 1.2 Million Credit Cards Leaked Onto DarkWeb BidenCash Website
The credit/debit card details of over 1.2 million people worldwide have been leaked onto a dark web site called BidenCash. Cyble, a global threat intelligence provider, found that the leaked database contains information including card numbers, expiry dates, CVV numbers, and emails of consumers across the globe, including the United States and Australia. “The subject…
Belgium: The Exciting Little Country
Commentary In 1998, Harry Pearson published a delightful book about Belgium, “A Tall Man in a Low Land.” In the introduction to his book, he recalled that, at a dinner party, one of the diners inquired as to why he wanted to author a book about such a “boring” country. However, a reading of the…
Real Estate Body Shoots Down Calls for Public ‘Landlord Register’
The Real Estate Institute of Queensland (REIQ) has criticised a proposal to create a “landlord register” that will tell the public how many properties an owner may have and their place of residence. The proposal, put forward by Tenants Queensland, argues that such a system would balance out a supposed imbalance of power between landlords…
Greed Finds a Way
Commentary Forgive me as I steal a line from The Critical Drinker, a movie critic on YouTube. “Greed finds a way…” he said of Jurassic World: Dominion, the latest movie in the Jurassic Park franchise. It is a description that need not contain itself to Hollywood dinosaur flicks when the same could be said of…
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