Russian President Vladimir Putin insisted Thursday that the country’s natural gas must be paid for with rubles, a demand apparently intended to help bolster the Russian currency but one that European leaders say they will not comply with because it violates the terms of contracts and sanctions. Putin said Russia… Read More
McConnell: Senate nears bipartisan deal on trimmed $10B COVID bill
Lawmakers have moved to the brink of shaking hands on a scaled-back bipartisan compromise providing a fresh $10 billion to combat COVID-19, a deal that could set up final congressional approval next week. The price tag was down from an earlier $15.6 billion agreement between the two parties that collapsed… Read More
What Russia’s brain drain mean for the US and the world
Russia’s tech workers are looking for safer and more productive professional pastures. By one estimate, up to 70,000 computer specialists, spooked by a sudden frost in the business and political climate, have bolted the country since Russia invaded Ukraine five weeks ago. Many more are expected to follow. Did You… Read More
Amid sanctions, seafood industry braces for job loss and fish shortage
The worldwide seafood industry is steeling itself for price hikes, supply disruptions and potential job losses as new rounds of economic sanctions on Russia make key species such as cod and crab harder to come by. The latest round of U.S. attempts to punish Russia for the invasion of Ukraine… Read More
Biden drains strategic oil reserve to push down gas prices
President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation’s strategic petroleum reserve, according to two people familiar with the decision, in a bid to control energy prices that have spiked as the U.S. and allies have imposed… Read More
Russian currency bounces back amid questions about sanctions’ impact
The ruble is no longer rubble. The Russian ruble by Wednesday had bounced back from the fall it took after the U.S. and European allies moved to bury the Russian economy under thousands of new sanctions over its invasion of Ukraine. Russian President Vladimir Putin has resorted to extreme financial… Read More
Joe Biden’s latest plan fails after just one day
After just one day, President Joe Biden’s proposed $5.8 trillion budget for next year is already dead. Just months after killing Biden’s multi-trillion “Build Back Better” spending bill, Sen. Joe Manchin, D.W.V., has once again turned his back on the White House’s ambitious plans. It’s just the latest in a… Read More
Investigation finds China’s propaganda on TikTok and Facebook
To her 1.4 million followers across TikTok, YouTube, Instagram and Facebook, Vica Li says she is a “life blogger” and “food lover” who wants to teach her fans about China so they can travel the country with ease. “Through my lens, I will take you around China, take you into… Read More
Liz Warren stunned during CNBC interview
Sen. Elizabeth Warren, D-M.A., went on CNBC’s “Squawk Box” to defend the proposed tax hikes in President Joe Biden’s upcoming budget. What she got was an earful. CBD – The TRUTH [Sponsored] The Biden administration’s new proposals include new rules intended to discourage companies from doing stock buybacks. The proposed… Read More
US seeks new lithium sources amid growing demand for batteries
The race is on to produce more lithium in the United States. The U.S. will need far more lithium to achieve its clean energy goals — and the industry that mines, extracts and processes the chemical element is poised to grow. But it also faces a host of challenges from… Read More
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