The price of the October futures on the Dutch TTF exchange jumped by 20% in mere minutes, exceeding $875.84 by 8:00 GMT. Some time later, it exceeded $900 and, by 9:00 GMT, had reached $943. Russian experts earlier this week predicted that gas prices could climb further, up to $1,000 under …
Read More »Beijing fines 3 chip dealers for price gouging as global shortage raises costs for automakers
The State Administration for Market Regulation (SAMR) imposed a fine on Shanghai Cheter, Shanghai Chengsheng Industrial and Shenzhen Yuchang Technologies after a probe, launched by the regulator in August, revealed the distributors inflated car chip prices by 40 times the purchase price. “SAMR will continue to pay close attention to …
Read More »Two decades on from 9/11, the US has paid a heavy price for its War on Terror
From the moment the first hijacked Boeing 767 slammed into the North Tower of New York’s World Trade Center, the world was changed forever. By the end of September 11, 2001, 3,000 Americans were dead, and the US was at war. “We will make no distinction between the terrorists who …
Read More »US imports from Russia surge 50% amid price rally in commodity markets
Commodity exports from Russia to the US in monetary terms totaled $11.5 billion, with purchases of oil and petrochemicals seeing a substantial growth of 78%. US imports of mineral fuels, oil, and petrochemicals nearly doubled from $3.8 billion to $6.7 billion. US imports of precious and semiprecious metals and stones …
Read More »Chris Hedges: The price of conscience
Daniel Hale, a former intelligence analyst in the drone program for the Air Force who as a private contractor in 2013 leaked some 17 classified documents about drone strikes to the press, was just sentenced to 45 months in prison. The documents, published by The Intercept on October 15, 2015, …
Read More »With soaring rates of obesity and diabetes, the West is paying a high price for colonialism
It’s one of the fastest-growing diseases in the world. It’s a major cause of blindness, kidney failure, heart attacks, strokes and amputations. Around 40 years ago, just over 100 million people suffered from it worldwide – today that figure is a whopping 450 million. And in 20 years’ time it’ll …
Read More »‘I could buy a house!’: White House brags about 16-CENT price drop for July 4th cookouts in 2021, netizens not impressed
The Joe Biden administration ran a victory lap on Thursday as it announced – through an onslaught of puns – the 16-cent cost reduction for an average Independence Day get-together, noting that goods including beef, ice cream, pork and beans had all gone down in price from 2020. “Planning a …
Read More »‘I don’t give a f*ck’: $100mn Havertz shrugs off price as Chelsea beat Manchester City to give Abramovich Champions League again
A campaign that began with the club’s stadium turned over to UK health workers, took place almost entirely without crowds and shifted from high hopes to fears of abject failure ended with the Champions League trophy in Thomas Tuchel’s hands in Porto – a victory, manager and even venue that …
Read More »India’s soaring demand for gold could boost price of precious metal
According to the source, the country purchased a record 321 tons of gold in the first quarter, up from 124 tons a year ago. In value terms, imports surged to $8.4 billion from $1.23 billion, the source said. Analysts predict that higher imports by one of the world’s top bullion consumers …
Read More »Why blockage of Suez Canal could have rollover effect on oil price
According to commodities analyst Kpler, which tracks bulk goods vessels, at least seven tankers bearing 6.3 million barrels of crude oil have been delayed because of the accident. Using the Brent Crude oil price of about $64 a barrel as a value proxy, the seven vessels carry about $403 million worth …
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