old news:https: Contrary to fears expressed publicly by European politicians, the flow of natural gas via the Nord Stream 1 pipeline looks set to restart today after a three-day unscheduled maintenance that Gazprom announced last month. European leaders voiced the same fears in July, when Nord Stream 1 was shut down for its annual planned …
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https://youtu.be/krNHE-mMwIA The unpredictable Shi’ite leader, Muqtada al-Sadr, s in a dramatic statement, he warned his followers that he would disown them if they didn’t stop rioting inside parliament and other government buildings inside Baghdad’s Green Zone, put down their weapons and return home within the hour. Al-Sadr’s threat to his followers was issued on Tuesday, …
Federal Reserve officials have acknowledged that the battle against inflation will be paid for with lost jobs, and the U.S. central bank will need an unlikely combination of events to keep those losses to a minimum as interest rates continue to rise. Economists assessing the trade-off facing the Fed estimate U.S. employment could drop by …
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MOSCOW (Reuters) -The Kremlin said on Friday that Russia would stop selling oil to countries that impose price caps on Russia’s energy resources – caps that Moscow said would lead to significant destabilisation of the global oil market. “Companies that impose a price cap will not be among the recipients of Russian oil,” Kremlin spokesman …
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Sept 2 (Reuters) – Group of Seven finance ministers are expected to firm up plans on Friday to impose a price cap on Russian oil aimed at slashing revenues for Moscow’s war in Ukraine but keeping crude flowing to avoid price spikes, G7 officials said. The ministers from the club of wealthy industrial democracies are …
A “superbubble” appears dangerously near its “final act” after the recent rally in U.S. stocks lured some investors back into the market just ahead of potential “tragedy,” according to Jeremy Grantham, the legendary co-founder of Boston-based investment firm GMO. Grantham, who has repeatedly warned investors of a bubble in markets, said in a paper Wednesday …
August jobs report may once again carry risks for stocks, but in a ‘less intense’ way than last Friday’s Powell speech With Federal Reserve Chair Powell last week reaffirming plans to keep raising interest rates to bring down inflation despite the risk of recession, Friday’s monthly U.S. jobs report may once again carry risks for …
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Tehran, IRNA – The CEO of the National Iranian Oil Company (NIOC) and deputy oil minister of Iran said that Iran’s oil production capacity will increase by 200,000 barrels per day by the end of the current Iranian year, which began on March 21, and reach 4.038 BPD by late March 2023. Mohsen Khojastehmehr told …
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Bostic Says Fed Has ‘Work to Do’ With Inflation Long Way From 2% “Inflation is high, inflation is too high and we have got to bring it down to our target,” he said Thursday during a classroom session with students at Georgia Tech in Atlanta, noting that the current pace of inflation was a long …
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Iran said back-and-forth exchanges with the US over a European Union proposal to revive the nuclear deal will drag on into September. Iran will take “at least” until Sept. 2 to respond to the Biden administration’s comments on an EU-drafted text aimed at salvaging the 2015 pact, state-run Nour News said in a tweet on …