• Futures Rise As China Reopening Hopes Return

    Futures Rise As China Reopening Hopes Return And just like that, sentiment has turned on a dime or rather a yuan. One day after global stocks and commodities tanked following a weekend of violent protests swept across China, Beijing appears to have learned its lesson and overnight Chinese government health experts made an unscheduled overnight announcement in which they not only vowed to speed up Covid shots for the elderly - a move regarded as crucial to the reopening - but to...

  • Markets Cheer Chinese Vaccine Drive Announcement Clearing Path Toward Reopening

    Markets Cheer Chinese Vaccine Drive Announcement Clearing Path Toward Reopening Hong Kong markets and Chinese stocks listed in the US surged in premarket trading as Chinese government health experts made an unscheduled overnight announcement in which they not only vowed to speed up Covid shots for the elderly but to avoid excessive restrictions, fueling a new round of bets that Beijing is bending to the pressure of an economic reopening. "The vaccination rate of the first dose of...

  • US Recession: When, Not If

    US Recession: When, Not If By Simon White, Bloomberg Markets Live reporter and commentator A signal based on the manufacturing indices compiled by the regional Fed banks indicates a recession next year. However, positive cyclical equity data suggests one is not imminent, while stock indices are not yet fully pricing one in. Next year is set to be dominated by when the US will go into a recession, thus the more ways this question can be answered, the better. Several of the...

  • UAE Plans $150 Billion Spending Spree To Boost Oil Output To 5MM Barrels By 2027

    UAE Plans $150 Billion Spending Spree To Boost Oil Output To 5MM Barrels By 2027 With oil tumbling ahead of the grueling 2023 recession, the last thing OPEC+ and (bullish) oil traders wanted to see is even more supply coming on line, and yet that's precisely what the a core gulf hub is proposing. According to Bloomberg, the United Arab Emirates - which in recent years has aggressively sought to diversify away from oil and to become the world's crypto hub - will look to revert back...

  • Biden's Gender-Fluid Nuclear Official Charged With Felony Theft After Lying To Cops

    Biden's Gender-Fluid Nuclear Official Charged With Felony Theft After Lying To Cops A senior Department of Energy official was charged with felony theft after stealing a piece of luggage from the Minneapolis airport in September - shortly before taking a leave of absence. Sam Brinton, a gender-fluid nuclear expert who in 2015 defended underage gay prostitution website "Rentboy.com," allegedly took a Vera Bradley suitcase worth $2,325 from the luggage carousel at the Minneapolis...

  • Sweden Seeks To Revoke Permanent Residency Permits In Migrant Crackdown

    Sweden Seeks To Revoke Permanent Residency Permits In Migrant Crackdown Authored by Thomas Brooke via Remix News, Sweden’s newly elected center-right government is proposing to amend existing migration laws to change permanent residency given to migrants to temporary permits, local media reported on Friday. The coalition agreement was signed by the Moderate party, the Christian Democrats, and the Liberals, and was approved by the Swedish Democrats, who are not a part of the...

  • Apple Threatens To Ban Twitter From App Store, Won't Say Why: Musk

    Apple Threatens To Ban Twitter From App Store, Won't Say Why: Musk Having seen waves of extreme over-reactions to Elon Musk's take-over of Twitter - and demands for all sorts of censorship being reinstated - we have seen an armada of virtue-signaling among advertisers pulling their spending from the free-speech platform. Following demands from numerous former blue-checks for the deplatforming of such a dangerous app as Twitter has surely become In a New York Times op-ed, the...

  • Israel, US Holds Aerial Drill Simulating Attack On Iran Nuclear Sites

    Israel, US Holds Aerial Drill Simulating Attack On Iran Nuclear Sites The Israeli Air Force has unveiled that this week it will conduct its largest joint aerial drills in years with the US Air Force, which involves a highly provocative mock mission to take out Iranian nuclear sites. The Jerusalem Post details based on military statements, "The drill will take place from Tuesday until Thursday over the Mediterranean Sea and Israel. It will include long-range flights such as those...

  • London Mayor Unveils "Crippling" Vehicle Emission Charge For All Of London, Despite 80% Opposition

    London Mayor Unveils "Crippling" Vehicle Emission Charge For All Of London, Despite 80% Opposition Authored by Thomas Brooke via Remix News, The low-emission zone in central London, within which motorists are charged £12.50 (€14.56) per day for driving the most polluting vehicles, is set to be extended to cover the whole of London, the city’s left-wing mayor, Sadiq Khan, announced on Friday. From Aug. 29 next year, the Ultra Low Emission Zone (ULEZ), which currently covers the...

  • UK Power Prices Skyrocket As Wind Generation Collapses

    UK Power Prices Skyrocket As Wind Generation Collapses Good thing the UK recently "war gamed" emergency plans to deal with energy shortfalls because a collapse in wind power has skyrocketed electricity prices, and network operator National Grid Plc might ask homes and businesses to reduce power use on Tuesday. Some hourly power contracts for Tuesday jumped above £1,200 ($1,445.92) a megawatt-hour on Epex Spot SE as wind generation is set to come to an abrupt halt, reported...

  • Watch: Moroccan Fans Celebrate World Cup Win By Rioting In European Cities

    Watch: Moroccan Fans Celebrate World Cup Win By Rioting In European Cities Authored by Paul Joseph Watson via Summit News, Moroccan football fans celebrated their World Cup win over Belgium by staging chaotic riots in numerous different European cities. Diversity continues to be a strength. Morocco beat Belgium 2-0 in Group F yesterday, which many regarded as a shock result given the quality of the Belgian team. Whereas some would expect the result to have prompted friendly...

  • "There Is Growing Annoyance With The Polish Position": EU Fails To Agree On Russian Oil Price Cap As Full Ban Looms

    "There Is Growing Annoyance With The Polish Position": EU Fails To Agree On Russian Oil Price Cap As Full Ban Looms In its relentless pursuit of virtue-signaling hills that it is willing to die on within minutes, several months ago the EU had a brilliant idea: let's implement a toothless oil price cap on Russian oil exports, one which actually has zero impact on deeply discounted Russian oil and thus doesn't lead to any more European energy shocks, but because of the optics and the...