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photo: AP / Amr Nabil

Column: Saudi Arabia cuts January crude oil price, but by enough?

Reuters | 06 Dec 2022

LAUNCESTON, Australia, Dec 6 (Reuters) - Saudi Aramco cut its key oil prices for Asia for January, as had been expected, but the key question is whether the drop is big enough to tempt refiners to buy more crude. Aramco (2222.SE), the world's largest crude exporter, trimmed the official selling price (OSP) for its flagship Arab Light grade to...

photo: AP / Susan Walsh

White House dismisses Musk’s Twitter leak

Russia Today | 06 Dec 2022

The press secretary has accused the platform of seeking a “distraction” from rising “hate speech” White House Press Secretary Karine Jean-Pierre has shrugged off Elon Musk’s release of ‘the Twitter files’, calling the disclosure of 2020 pre-election censorship an “interesting coincidence” and accusing the billionaire...

photo: AP / Richard Drew

Did US officials suppress political speech on Twitter?

The Spectator | 06 Dec 2022

The ‘Twitter files’ Elon Musk released to two journalists have produced a cloud of confusion. So far, we have not seen the files themselves, only what one journalist, Matt Taibbi, has reported about them. The main findings reinforce what we have known all along: Twitter’s former management strongly favoured Democrats and used its powerful platform...

photo: AP / Chris Pizzello

Man who shot Lady Gaga’s dog walker gets 21 years in prison

Gulf News | 06 Dec 2022

The man who shot and wounded Lady Gaga’s dog walker while stealing her French bulldogs last year took a plea deal and was sentenced to 21 years in prison on Monday, officials said. The Lady Gaga connection was a coincidence, authorities have said. The motive was the value of the French bulldogs, a breed that can run into the thousands of dollars,...

photo: AP / Bernat Armangue

Ukraine warns of emergency blackouts after more missile hits

Arab News | 06 Dec 2022

KYIV: Ukraine warned there would be emergency blackouts once again in several regions as it repaired damage from missile attacks it said destroyed homes and knocked out power, while Moscow accused Kyiv of attacking deep inside Russia with drones. A new Russian missile barrage had been anticipated in Ukraine for days and it took place just as...

photo: AP / Evgeniy Maloletka

Ukraine races to restore power grid post-Russia strikes as winter comes

Eye Witness News | 06 Dec 2022

Out of the 70 missiles launched by Moscow, "most" were shot down, President Volodymyr Zelensky said, but the barrage still hit Ukraine's already battered infrastructure. ......

photo: European Community / EC

Yellen sees key role for Treasury's racial equity council despite Republican criticism

Reuters | 06 Dec 2022

WASHINGTON, Dec 5 (Reuters) - U.S. Treasury Secretary Janet Yellen on Monday said a new racial equity advisory committee, which has drawn the ire of Republican lawmakers, would play a big role in helping the department address acute economic disparities faced by communities of color. Yellen told the inaugural meeting of the 25 members of the...

photo: AP / Greg Baker

US, EU weigh climate-based tariffs on Chinese steel, aluminum -Bloomberg News

Reuters | 06 Dec 2022

Dec 5 (Reuters) - The U.S. and the European Union are weighing new tariffs on Chinese steel and aluminum as part of a bid to fight carbon emissions, Bloomberg News reported on Monday, citing people familiar with the matter. China, which produces more than half of the world's steel, is accused by the EU and United States of creating...

photo: Creative Commons / Greg Willis from Denver, CO

Factbox: When it comes to spending big on elections, few can challenge America

Reuters | 06 Dec 2022

WASHINGTON, Dec 5 (Reuters) - Georgia's U.S. Senate race, set to end in a Tuesday runoff, will be the most expensive contest of America's midterm elections, capping the election cycle of a democracy that is highly money-intensive. More than $400 million has already been spent on the Georgia contest, a significant chunk of the nearly $9...

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Warnock and Walker make final push in high-stakes Georgia Senate runoff

CNN | 06 Dec 2022

On the final day of overtime in Georgia, Democratic Sen. Raphael Warnock exuded confidence, but warned supporters against being complacent in his runoff election with Republican nominee and former football great Herschel Walker. “There is still a path for Herschel Walker to win this race,” Warnock said after a campaign stop here Monday. “If there’s...

photo: AP / Markus Schreiber

Merkel reveals West's duplicity

Sott | 05 Dec 2022

Recent comments by former German Chancellor Angela Merkel shed light on the duplicitous game played by Germany, France, Ukraine and the United States...

photo: AP / Middle East Images, File

‘We continue our revolution’: Iran protesters dismiss claims that morality police were ‘disbanded’

The Observers | 05 Dec 2022

Iranian anti-regime protests that erupted in September after the death of Mahsa Amini in the custody of the “morality police” have continued despite widely reported remarks by an official suggesting that the controversial security unit has been disbanded. Our Observers in Iran say that the current unrest goes far beyond the morality police and...

photo: Creative Commons / Web Summit

Marsalek, Russia’s ‘spy’ who brought down Wirecard

Taipei Times | 05 Dec 2022

SMOOTH OPERATOR: For years the handsome charmer had been hanging out with spies, porn barons, Libyan warlords, Russian mercenaries and former heads of state AFP, VIENNA When executives of the collapsed German technology giant Wirecard go on trial this week accused of the nation’s biggest ever fraud, one key player will be missing. Wirecard chief...

photo: Creative Commons / Nuno Coimbra

Where in the world is alleged corrupt billionaire Isabel Dos Santos?

Independent online (SA) | 05 Dec 2022

Cape TownGlobal police agency Interpol last Wednesday confirmed it issued a red notice for Angolan billionaire Isabel dos Santos, daughter of the country’s former president Jose Eduardo dos Santos, asking global law enforcement authorities to locate and provisionally arrest her. Dos Santos is wanted for alleged corrupt activities relating to her...

photo: AP / Roman Chop

Ukraine reports new barrage of widespread Russian strikes

Irish Independent | 05 Dec 2022

Ukrainian officials reported a new barrage of Russian missile strikes across the country on Monday, an attack that was anticipated as Russia seeks to disable Ukraine’s energy supplies and infrastructure with the approach of winter. Media reports referred to explosions in several parts of the country, including the cities of Odesa, Cherkasy and...

photo: AP / Marwan Ali

Sudan’s ruling generals and main pro-democracy group sign uncertain deal to end crisis

The Los Angeles Times | 05 Dec 2022

KHARTOUM, Sudan — Sudan’s coup leaders and its main pro-democracy group signed a deal Monday to establish a civilian-led transitional government following the military takeover last year. But key players refused to participate, and no deadline was set for the transition to begin. The framework — signed by Gen. Abdel-Fattah Burhan, Gen....

photo: Courtesy of Newport News Shipbuilding

Australia’s first nuclear submarines should be built in the US, Andrew Hastie says

The Observer | 05 Dec 2022

Australia should strike a deal with the US to have the first of its nuclear-powered submarines built in Connecticut as “there’s too much risk in doing it on our own”, the shadow defence minister, Andrew Hastie, has declared. Speaking before senior Australian ministers meet their counterparts in the US this week, Hastie said Australia should seek...

photo: AP / Mikhail Metzel, Sputnik, Kremlin Pool Photo via AP

The West just scrambled the oil market. What happens next is up to Russia

CNN | 05 Dec 2022

Most Russian crude oil exports to Europe are now banned, marking the boldest effort yet by the West to pile financial pressure on President Vladimir Putin as his brutal war in Ukraine enters its tenth month. The oil embargo, which was agreed upon in late May, took effect in the European Union on Monday. It was accompanied by a new price cap on...

photo: AP / Svetlana Kozlenko

The energy war continues in Europe

Invezz | 05 Dec 2022

Anyone following my work will know that I am quite bearish about the state of the economy in Europe. A big part of this is Putin’s stranglehold on the energy market. The weather may have helped somewhat, however. EU gas demand down 24% We got some data this morning from commodity analytics company ICIS that gas demand in the EU was 24% below...