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Russia & NATO’s post-Cold War showdown has arrived

As a result, the Kremlin has now signed off on two drafts for treaties, one addressing the relationship with Washington and the other with NATO as a whole. These documents go far beyond the immediate issue of the peak in tensions about Ukraine, a country that has held ambitions to …

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Coffee prices to surge amid bean shortage

“According to market players, retail coffee will rise in price by 20-30%. At the same time, the maximum price increase will be for the cheaper varieties… up to 40%,” Russia’s Izvestia newspaper warned. According to analysts, major exporters may simply not have enough beans to supply the caffeine-thirsty market. Brazil has …

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More Covid restrictions inevitable, London mayor warns

In an interview with the BBC on Sunday, Sadiq Khan described new restrictions as “inevitable” and called for a “major package of financial support for our hospitality, culture, and retail [sectors]” for when that happens. He argued that if the authorities failed to bring in tougher restrictions “sooner rather than …

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Half of US oil pipelines sit empty

Prior to the pandemic, the utilization rate of US oil pipelines stood at 60 to 70%, but now it’s down to 50% as production dropped from a record 13 million bpd to 11 million bpd. The average, however, is not distributed equally across the country’s oil fields. The Gray Oak …

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Anti-lockdown protesters clash with police in Vienna (VIDEO)

Up to 2,000 people gathered for a demonstration in Vienna on Saturday. They chanted “Freedom” as they marched, with some carrying signs that said, “People are locking up people, not the virus.” A number of protesters bypassed police barricades by taking detours, while several groups broke through them. Officers were …

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Wall Street bank hit with fines for using WhatsApp

Following probes by the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission, JPMorgan officially acknowledged that from at least 2015, its Wall Street employees used personal devices to send texts, WhatsApp messages, and emails to communicate with clients on sensitive business matters. This is a violation of …

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China & Russia are ready to end US dominance of global finance

China and Russia have been gradually moving towards such an arrangement since the Global Financial Crisis of 2008 revealed the risks of excessive reliance on the US. However, American economic sanctions against both Moscow and Beijing appear to have intensified the search for alternatives. Banking on Washington The American-centric financial architecture …

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