H&M To Sacrifice $192 Million To Close In Russia
The world’s largest clothing retailer H&M announced it will temporarily reopen its stores in Russia to sell off remaining stock before closing its doors in the Russian nation for good.…
FCC Requires More Money To Remove Chinese Tech From Our Telecom
The FCC has told Congress it will need an additional $3 billion to fund the removal of all equipment made by Chinese technology firms Huawei and ZTE, which will bring…
CHIPS Act Is Still Stalled, But May Move Soon
Advocates are hoping to finally bring to a vote a bill which will enhance US competitiveness in the semiconductor industry by helping companies bring manufacturing operations to the US. Commerce…
Russia Poised To Drive Oil Skyward If Kazakh Pipeline Closed
Energy analysts, traders, and sources at Western energy majors are saying Russia may close off a critical oil pipeline transporting oil out of landlocked Kazakhstan, shutting off 1% of the…
As Gas Supplies Tighten In Europe, Manufacturers Brace For The Worst
As Russia curtails its gas deliveries to Europe, several classes of European manufacturers are confronting shortages in the critical fuel they need to perform their business. Starting Monday the Nord…
Canada To Return Nord Stream Turbines
Canada’s Minister of Natural Resources, Jonathan Wilkinson, said Saturday that Canada will return Russian turbines to Germany that are needed to perform critical maintenance on the Nord Stream 1 gas…
Russia Struggles As Western Sanctions Take Away Its Software
One of the biggest headaches afflicting Russia following the invasion of Ukraine is the fact that as foreign companies pull out, they reveal that much of Russia’s technology is run…
Public Sentiment Opposes Russia Sanctions, If Inflation Is Involved.
Recent polling has shown that while a majority of Europeans support placing sanctions on Russia over the invasion of Ukraine if there is no cost to doing so, less than…
Global Energy Supply Flows Are Reorganizing
As Russia has been excommunicated from the world economy over its invasion of Ukraine, it has had profound effects on energy supply flows. In Liquid Natural Gas, where the US…
G-7 Nations Ban Russian Gold
A new ban on gold imports from Russia is set to be announced by US President Joe Biden and the other Group of Seven leaders, in the latest form of…
