World & Politics
U.S. Cheniere to supply million tons of LNG to Thailand annually - 07/27/2022
According to Cheniere’s press statement, the company will be providing Thailand's state-owned energy business PTT with one million tons of LNG yearly starting in 2026 for a period of 20 years. According to the release, "Cheniere Energy, Inc. announced today that its subsidiary Corpus Christi Liquefaction has entered into a long-term LNG sale and purchase agreement with PTT Global LNG Company...
WHO Director General names monkeypox international emergency - 07/25/2022
An outbreak of monkeypox in more than a dozen nations has been deemed an international public health emergency by the director general of the WHO. Over 16,000 cases of the illness have been reported, according to the group. The disease may pose significant risks in Europe. Tedros Adhanom Ghebreyesus, Director General of the World Health Organization (WHO), has deemed the spread of the monkeypox...
China warns of military response in case of Pelosi's trip to Taiwan - 07/25/2022
China has issued more severe warnings to the Joe Biden government in the United States regarding Speaker of the House Nancy Pelosi's impending trip to Taiwan, the FT reports citing sources. China has openly warned of "dramatic measures" if Pelosi makes her scheduled travel to China in August. A source claimed that China is showing "stronger resistance" to the US than before. Other sources...
Italian President signs decree on dissolving Parliament - 07/22/2022
According to a statement from the presidential office, the national parliament in Italy was dissolved on Thursday. The head of state had already received Mario Draghi, the country's outgoing prime minister, and the speakers of both houses of parliament, in accordance with the country's constitution. According to the report, "Sergio Mattarella, President of the Republic, signed a decree to...
UN Secretary General comes to Turkey to tackle grain issue - 07/22/2022
In an effort to negotiate a deal on grain exports from Ukraine and Russia as well as fertilizer imports from Russia, UN Secretary-General António Guterres will visit Istanbul, according to UN Deputy Spokesman General Farhan Haq. The U.N. secretary general will visit Istanbul as part of initiatives to ensure international access to Russian and Ukrainian goods and fertilizers, according to Haq....
Spain opposes the EC initiative to reduce gas demand - 07/21/2022
According to Spain's Deputy Prime Minister and Minister of Environmental Transition Teresa Ribera, Spain opposes the European Commission's proposal that EU nations reduce gas demand by 15%. The European Commission put up a new guideline regarding concerted efforts to lower gas usage. All EU member states would be required to reduce their gas use by 15% between August 1, 2022, and March 31, 2023,...
Ukraine to sue JPMorgan and Citigroup - 07/18/2022
JPMorgan, HSBC, Citigroup, and Credit Agricole have all been ordered by Ukraine to cut any relationships with businesses that deal in Russian oil. Kiev swore not to let the banks finance the nation's restoration, and threatened them with prosecution by the International Criminal Court. Ukraine has charged many significant US and European banks with backing Russia and demanded that they cut links...
Moody's: Belarus defaults on its foreign debt following Russia’s lead - 07/15/2022
Belarus has fallen behind on its international debt, said the international rating organization Moody's. On June 13, the grace period for the republic's payment of $22.9 million on Belarus-27 Eurobonds came to an end. They were paid by the nation's ministry of finance in Belarusian rubles, but the bondholders were unable to receive them. This qualifies as a default, according to Moody's. Late...
IEA records sharp increase in Russian oil production - 07/14/2022
The International Energy Agency (IEA) reports that Russia's oil production climbed by 490,000 barrels per day in June, reaching 11.07 million barrels per day. The IEA anticipates a drop in Russian production in light of the European Union's embargo on Russian oil. According to an IEA estimate published in July, Russia produced 330 000 fewer barrels per day of oil in June than it had before the...
IMF chief to call on G20 countries with food surpluses to share - 07/13/2022
IMF Managing Director Kristalina Georgieva stated at a conference in Washington on Tuesday that she intends to urge G20 nations with adequate food capacity to band together in order to help countries in need. "I'll be speaking about the necessity of cooperation at the G20 summit, among other topics. Countries with huge food production capacities should step up because, despite having enough food...