Global stocks tumble over China epidemic worries
Stocks across the world tumbled on Thursday as the death toll from a virus spreading in China reached 170, forcing airlines to cut flights and stores to close as the Continue Reading
Policymakers fret over risk to global growth from China virus outbreak
A rapidly spreading virus outbreak in China is emerging as a potentially major new risk to the global economy and leaving policymakers, still grappling with the impact of the Sino-U.S. Continue Reading
TomTom: Global traffic congestion up; Bengaluru world’s most traffic-congested city
Location technology specialist, TomTom (TOM2), released the latest results of the TomTom Traffic Index , a report detailing the traffic situation in 416 cities in 57 countries. Overall, traffic congestion Continue Reading
Socialism, Capitalism and the Transition Away from Fossil Fuels
Students are back at school, and preparing for another wave of Friday strikes in protest at politicians’ failure to tackle global warming. Shocking images of floods in Indonesia, wildfires in Continue Reading
Saudi Air Defenses Thwarted Attack on Aramco
Saudi Arabia’s air defense forces last week shot down missiles aimed at Saudi Aramco oil facilities, kingdom officials said Wednesday, after Iran-aligned Houthis in Yemen said they had targeted the Continue Reading
The Real Reason Russia Wants A Ceasefire In Libya
The destabilization of Libya after the ousting of longtime dictator Muammar Khadaffi has created an unstable country where states support a proxy in the continuing civil war. The recent focus Continue Reading
US Sanctions Bar Iran From Accessing $5B Energy Export Revenue
Due to the U.S. sanctions on Iran, Tehran is unable to use or transfer US$5 billion in revenues it has received from Iraq for supplying natural gas and electricity to Continue Reading
Mediterranean sweet crude market pressure grows as Libyan blockade enters second week
As the Libyan National Army’s blockade of the country’s oil ports enters a second week, the urgency with which European oil traders are seeking alternatives to fill the 1 million Continue Reading
Crude Oil Tanker Catches Fire in Persian Gulf
A crude oil supertanker caught fire in the Persian Gulf, west of the Strait of Hormuz, prompting a warning from naval authorities in the U.K. for ships in the region Continue Reading
Australia’s capital city faces worst bush fire threat since 2003, as scorching heat plots a return
The country was never as hot and as dry at the same time as it was in 2019, which helped set the stage for the devastating fires. In December, Australia Continue Reading