Worldcrunch
Since the end of the 20th century, the idea has spread that there’s a fundamental link between energy prices and Moscow’s ability to carry out military aggression. After all, low energy prices were one of the factors behind the economic collapse of the USSR.
Defying an ICC arrest warrant, Russian President Vladimir Putin is on a one-day foray to UAE and Saudi Arabia to display his role in shaping the geopolitical and energy landscape — and to make the world forget about the Ukraine war just a little bit more.
Oil prices surged today to $50 per barrel, after OPEC and Russia reached what the oil producing cartel described as “a historic agreement” in Vienna. Under the deal, their output will be reduced by 1.2 million barrels per day starting in January, the first time since 2008 that OPEC nations have agreed to cut production. […]
In many ways, Barack Obama’s election eight years ago as America’s first black president broke the mold. But in other ways it has not. Both at home and abroad, there are certain codes and behaviors and best practices that the preternaturally moderate Obama has abided by for the past eight years to ensure a kind […]
DILMA LOSES IMPEACHMENT VOTE More than the necessary two-thirds of the Brazilian lower house of Congress voted in favor of starting impeachment proceedings against President Dilma Rousseff. O Globo reports on yesterday’s momentous proceedings, as Brazil’s first woman president faces accusations that she manipulated budget figures to secure her reelection in late 2014. A total […]
CHINA BLAMED FOR U.S. DATA BREACH Chinese hackers recruited by their government are being accused of breaching the computer system of the federal Office of Personnel Management in December, The Washington Post reports. The personal data of as many as four million federal employees, including their banking records and credit card information, has been affected. […]
CAIRO — Much has been made about Russian President Vladimir Putin’s visit to Cairo. There has been speculation since the 2013 coup that Egypt’s ruler Abdel Fattah al-Sisi has been contemplating a shift in alliances toward Russia. This has been in response to the popular belief in Egypt, propagated by the regime and its media […]
PARIS — Initially a welcomed spark for a global economy in need of a boost, the drastic fall in the price of crude oil — losing half its value since mid-2014 — has now begun to destabilize markets and worry investors and political leaders around the world. Still, this rapidly evolving situation is prompting some […]
BERLIN — As the price of oil continues to fall, share prices on the Gulf region’s stock markets have plummeted in parallel. The price of oil reached a yearly low of $60 a barrel on Friday, and we’re now looking at a possible $50, which would create a truly bleak outlook for economic prospects in […]
Tuesday, December 23, 2014 U.S. SUSPECTED IN N. KOREA WEB OUTAGEInternet access has been partly restored in North Korea after the country found itself without any service for more than nine hours. It’s unclear whether it was the result of a coincidental glitch or of a cyber attack, though it comes just days after President […]
Tuesday, November 25, 2014 FERGUSON BURNS AFTER GRAND JURY DECISIONViolent rioting and looting erupted in Ferguson, Missouri, after a grand jury decided last night not to indict police officer Darren Wilson, who shot black teenager Michael Brown Aug. 9. St. Louis County Police Chief Jon Belmar described the night’s events as “probably much worse than […]