China’s Crude Imports and Refining Increased After the Maintenance
China’s oil imports and crude processing rose last month as refineries returned from seasonal maintenance, while net exports of fuel products rose after the allocation of a new quota. Inbound oil shipments rose to 9.83 million barrels per day, the highest level since May, according to Bloomberg calculations based on government data released Monday. Crude […]
Retail Giant Walmart Outlines Crypto Strategy
Executive Talks about Crypto in Walmart’s Future Walmart’s Global Chief Technology Officer and Chief Development Officer Suresh Kumar discussed cryptocurrency at Yahoo Finance’s All Markets Summit on Tuesday. Responding to a question about Crypto’s role in Walmart’s future, Kumar said, “I think there are three main areas of disruption. Crypto falls in the middle. I’ve […]
Malaysian Media Says Israel’s Mossad Behind Palestinian Kidnapped
Israel’s Mossad intelligence agency is believed to be behind the abduction of a Palestinian man who was abducted from a street in the capital, Kuala Lumpur, and interrogated before being released by police, a Malaysian news organization reported. Malaysia’s New Straits Times reported Tuesday that the Palestinian computer programmer was crammed into one of two […]
UN ‘Deeply Distressed’ Over Dispossessed Refugees Found by Greece
The UN refugee agency (UNHCR) says it is “deeply distressed by shocking reports and images” of 92 people found at the Greek-Turkish land border stripped of their clothes. “We condemn such cruel and degrading treatment and call for a full investigation into this incident,” UNHCR said on Twitter on Sunday. Ankara and Athens traded accusations […]
Mysterious Beijing Protester Sparks Hunt, Tributes Online
The protester had set up the Sitong Bridge in Beijing’s Haidian district and covered two large banners calling for an end to China’s harsh zero Covid policy and the overthrow of Xi. While state media has remained silent, photos and videos of Thursday’s event have circulated widely online, prompting a swift crackdown by censors on […]
Aluminum Heads for Further Supply Chaos as Biden Weighs Russia Ban
A complete US ban on Russian aluminum threatens to upend a global market already reeling from multiple disruptions, throwing a spotlight on how China could fill any supply gap. The Biden administration is considering options including sanctions on Russia’s top producer of the metal as the White House seeks to punish Moscow for its military […]
Mango Crypto Platform Hit by Latest Hack in Digital Asset Sector
A security event hit the cryptocurrency sector on the decentralized finance platform Mango just days after a hacker took around $100 million in an exploit involving Binance Coin. Mango said on Twitter that it is “investigating an incident in which a hacker was able to drain funds” and is disabling deposits. The platform added that […]
Former Fed Chairman Ben Bernanke Wins Nobel Prize in Economic Sciences
Former Federal Reserve Chairman Ben Bernanke has been awarded the Nobel Prize in Economics. The Nobel Prize committee believes it “significantly improved our understanding of the role of banks in the economy, particularly during financial crises.” Many people, however, blame Bernanke for bringing us “to the brink of collapse and under a mountain of debt […]
Biden Pledges Air Defenses Amid Putin’s Threats
Russian President Vladimir Putin has threatened more attacks on Ukrainian infrastructure after his country’s missiles hit cities across Ukraine. In a call with Ukrainian President Volodymyr Zelenskiy, President Joe Biden pledged to “continue to provide Ukraine with the support necessary to defend itself, including advanced air defense systems.” Zelenskiy called that “the No. 1 priority […]
Electric Car Battery Maker CATL Sees Up To 200% Jump in Profits
Contemporary Amperex Technology Co Ltd. expects its net income to rise to as much as 9.8 billion Yuan ($1.4 billion) in the third quarter, as the largest maker of electric vehicle batteries benefits from strong sales to the auto industry. CATL, which is investing heavily in expanding its production capacity, predicted a profit jump of […]