Estonia Wants Russian Crude Capped At $30 Per Barrel
On Monday, Bloomberg reported that Estonian Foreign Minister Urmas Reinsalu has requested the EU lower the price cap on Russian crude oil sales to $30 per barrel, and impose a…
Germany Continues The March Toward Renewable Energy
On Monday, German Economy Minister Robert Habeck announced that the German government will complete most of the work this year to move its power grid further toward reliance on renewable…
Putin Predicts US Will Lose Dollar Dominance
On Tuesday, Russian President Vladimir Putin said the US and other Western currencies would inevitably lose their global reserve status for use in international trade settlement. In his annual address…
Italy Scraps Fraud-Ridden Environmental Tax Credit For Home Renovations
Italy has canned a climate-change tax-credit program, noting it was costing over €110 billion ($117 billion) as it led to the fostering of widespread fraud. Finance Minister Giancarlo Giorgetti, said…
Bankruptcies Rise In EU As Economy Falters
European statistics agency Eurostat reported Friday that as the European union teeters on the edge of a recession, EU business insolvencies surged in the final three months of 2022, to…
Charlie Munger Still Loves Costco Stock
Billionaire Charlie Munger is singing the praises of one of his favorite stocks, and Yahoo Finance’s 2022 Company of the Year, Costco (COST). On Wednesday, during The Daily Journal’s annual…
Roadzen To Go Public With An SPAC
Insurance tech firm Roadzen will go public in the United States in partnership with a Special Purpose Acquisition Company, using a blank-check vehicle, the companies have announced. The deal is…
HSBC To Lose $300 Million On Russian Exit
HSBC has issued an update on its Russian divestment, noting it still expects to complete the selloff of its Russian business in the first half of 2023. It is the…
Chinese Renewable Energy Can Almost Supply All Residential Demand
China’s National Energy Administration announced on Monday that the nation’s wind and solar power generation has surged across the country, and is now almost equivalent to the nation’s household demand…
Cost Of Living Crisis Putting British Pubs Out Of Business
A new report by accountancy firm UHY Hacker Young has revealed that a growing number of British pubs have had to shut their doors as energy bills rise, and inflation…
