Germany Prepares To Increase Aid To Uniper
Germany is preparing to pump even more financial aid into struggling energy firm Uniper, the nation’s biggest supplier of natural gas, as it approaches insolvency as energy prices skyrocket, according…
Canada To Build New Nuclear Small Modular Reactor
Canadian Natural Resources Minister Jonathan Wilkinson announced on Tuesday that Canada Infrastructure Bank (CIB) and a major generating company have joined together in a $970 million deal to fund the…
Australian Inflation Skyrockets As Energy Soars
On Wednesday, the Australian Bureau of Statistics (ABS) released data showing that Australian inflation came in at the highest rate since 1990, as prices jumped 7.3% year over year. That…
EU To Ban All Combustion Vehicles By 2035
The EU has agreed to force carmakers to produce a 100% reduction in carbon dioxide emissions by the year 2035. The measure would mean a complete elimination of production and…
Bloomberg Survey Predicts Fed Will Overtighten
A new Bloomberg survey of economists predicts the Federal Reserve will continue its hawkish policy at its next meeting November 1-2, and that this will lead to interest rates reaching…
Treasury Yield Inverts, Recession Incoming
The US Treasury yield spread on the three-month Treasury bill and the ten-year note began going negative this week, signally a near term risk of recession, according to a report…
Elon Musk Begins Twitter Reorganization
Elon Musk appeared to have begun firing Twitter employees, as sources said a number of people who appeared to have worked for the social media giant could be seen exiting…
US Delays Setting Russian Oil Price Cap Due To Election
US officials have decided to wait until after the November 8th elections in the United States to set the proposed price cap on Russian oil, according to a new report…
Adidas Terminates Its Relationship With Kanye West
Sportswear maker Adidas has terminated its partnership with rapper Kanye West, currently using the name Ye, following a string of controversial remarks by the rapper and fashion icon. In a…
Meta Stock Collapses, As Zuckerberg Sees A Loss Of Over $100 Billion
Meta stock plunged during a disastrous Thursday in which it lost almost a quarter of its value after a disappointing earrings report that missed analyst expectations and lowed guidance going…