According to US Treasury Secretary Janet Yellen, it is critical to ascertain how Russia's embargoed assets may be utilized to aid Ukraine. Yellen made this declaration prior to a gathering of the G20's central bank chiefs and finance ministers. "I believe our coalition needs to find a way to use these blocked assets as quickly as possible to support Ukraine's resistance and its long-term...

Qatar intends to raise its capacity to produce liquefied natural gas (LNG) by almost 85% by the end of this decade, according to a news statement from the country's state-owned QatarEnergy. Currently, the nation has the capacity to produce over 77 million tons of LNG annually. The number will increase to 142 million tons annually by the end of 2030, according to remarks made on Sunday by Saad bin...

Over 153,000 students have had their obligations for the $1.2 billion in federal education loans written off by US President Joe Biden. One of the key agenda items for Joe Biden's presidential campaign was debt reduction. Mr. Biden has already signed more than twenty executive orders canceling student debts under the federal loan program during his time as President of the United States. $138...

According to the U.S. Geological Survey, there is enough hydrogen in the planet's reserves to last for hundreds of years. The study's findings, which were presented at the American Association for the Advancement of Science (AAAS) annual meeting in Denver, claim that there are five trillion tons of hydrogen reserves from subterranean sources in the planet. According to study head Geoffrey...

According to EC spokesperson Arianna Podesta, President of the European Commission Ursula von der Leyen is in favor of the idea to create the position of European defense commissioner and is likely to do so if she is reappointed. "What I can say so far is that President von der Leyen welcomes the idea," Podesta stated. She highlighted that the EC head is responsible for matters pertaining to...

Japan's economy no longer ranks third in the world, writes Bloomberg; Germany now holds that position. Japan's economy lost ground to Germany to become the third largest in the world due to weak indications. The United States is in the lead, followed by China in second position. According to Bloomberg, weak domestic demand caused the Japanese economy to shrink for two straight quarters before...

Moody's Investors Service reduced Israel's sovereign ratings (both in local and foreign currency) from A1 to A2. The ratings are reduced as a result of a downgrade review that started in October of last year. The agency cited elevated political risks that are expected to remain for the foreseeable future as justification for the downgrade. "There is no agreement to fundamentally end the...

Refining will increase to 6.8 million bpd and oil production would drop to 540 thousand bpd in India by 2030, according to an International Energy Agency presentation made at Indian Energy Week. With roughly 700 thousand barrels per day of production, India only supplied 13% of the country's oil needs in 2023, according to IEA Oil Markets Division chief Toril Bosoni. The IEA notes that...

Backed by Tehran's security agencies, Iran utilized two big British banks to transport money covertly around the globe as part of a large-scale plan to avoid sanctions, according to the Financial Times. Documents obtained by the newspaper reveal that Iran's Petrochemical Commercial Company (PCC) has shell British firms registered under the names of Lloyds Banking Group and Santander UK, the...