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WORLD

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Global auto market in trouble – S&P

Auto market data provider S&P Global Mobility said on Wednesday that the shortages hampering global vehicle production are expected to persist into 2022 before supply catches up with demand in early 2023. The agency has downgraded its outlook for world light-vehicle output by 2.6 million units for both years, to …

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All four oilfield services majors suspend new investments in Russia

Global oilfield servicing giants have revealed plans to halt new investments in Russia as they respond to US sanctions over the country’s military operation in Ukraine. American-Irish Weatherford International has become the latest such company to bow to the quitting trend. “Following the implementation of sanctions on February 24, 2022, …

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Supreme Court Justice hospitalized with ‘flu-like symptoms’

73-year-old US Supreme Court Justice Clarence Thomas was hospitalized last week with “flu-like symptoms” and subsequently placed on intravenous antibiotics. The Supreme Court announced on Sunday that Thomas had been admitted to Washington, DC’s Sibley Memorial Hospital on Friday after suffering from “flu-like symptoms.” Following tests, Thomas was allegedly diagnosed …

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Biden to visit Ukraine’s neighbor

US President Joe Biden is set to travel to Poland this week to discuss further efforts to support Kiev and punish Russia for its military offensive in Ukraine. According to White House Press Secretary Jen Psaki, Biden will meet with Polish President Andrzej Duda in Warsaw on Friday to discuss how …

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Saudi energy facilities, refinery hit by Yemeni rebels

Yemeni rebels hit Saudi Arabian energy facilities and an oil refinery with a series of missile and drone strikes on Sunday, resulting in a temporary reduction of production. Members of the Houthi rebel movement struck facilities belonging to the Yanbu Aramco Sinopec Refining Company – a joint venture between Saudi …

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Brazil reverses Telegram ban

Brazil has lifted its ban on the messaging service Telegram after it complied with the Brazilian Supreme Court’s demands, which included censoring Brazilian President Jair Bolsonaro. The Supreme Court blocked Telegram on Friday after it ignored orders to censor accounts that had allegedly shared misinformation. Following the ban, however, Telegram …

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US admiral ready to ‘fight and win’ if China deterrence fails

A US Navy commander has warned that the US will be prepared to “fight and win” in a war against China should “deterrence” prove unsuccessful in the Indo-Pacific amid claims Beijing is “militarizing” in the region. US Indo-Pacific commander Adm. John C. Aquilino said in an interview with the Associated …

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