Sanctions on Russian commodity exports have sparked another historic price rally, in this case for nickel. Futures contracts for this metal have soared on the London Metal Exchange (LME) to reach $100,000 per ton in three-month options. This caused its listing to be suspended yesterday and it is not ruled out that the closing of … Read more
Russia’s economy is facing a recession unprecedented in the country’s recent history. The West’s voluptuous sanctions are hitting its markets with violence and will soon hit its economy as well, if they aren’t already. So much so, that the rating agencies foresee a default impending Russian debt despite the fact that its level of leverage … Read more
8/03/2022 – 15:22 Updated: 17:55 – 8/03/22 The president of the United States, Joe Biden, announced on Tuesday the immediate ban on importing Russian energy at a press conference, and revealed that the US government is working with the EU so that the Twenty-seven can take the same step. “We want our European allies to … Read more
A century ago, another Vladimir, Lenin, said “There are decades when nothing happens, and weeks when decades happen.” The Russian invasion of Ukraine seems to have pushed the EU into one of those decades-long coup crises. This Tuesday, the European Commission announced its plans to reduce Russian gas consumption by two thirds this year, and … Read more
8/03/2022 – 9:55 Updated: 18:00 – 03/08/22 The equities of Europe have tried to recover some of the ground lost recently on Tuesday, but finally the red numbers have been imposed -nearly, yes- the red numbers (again). Although the increases seemed to settle amid the expectation for the EU plan to reduce energy imports from … Read more
Alaska was the largest source of US oil production in the past. However, a host of factors, including increased regulation and the emergence of the fracking they have condemned this state to oil ‘mediocrity’. A situation that the leaders of the vast state want to change by offering themselves as a solution to the energy … Read more
Vladimir Putin responds to Biden. The Russian president has signed an emergency document to ban the export of certain raw materials. A committee will meet soon to determine, over the next two days, a list of commodities subject to this ban. Russia is one of the main producers of all kinds of metals and raw … Read more
After more than a decade paralyzed, the construction works of the Nuevo Mestalla stadium of Valencia Club de Fútbol on Avenida de las Cortes in Valencia now seem closer thanks to the money injected by CVC into laLiga. The sports public limited company owned by the Singaporean businessman Peter Lim has submitted to the Generalitat … Read more
It’s nearly April and for many sports enthusiasts it means one thing: the Grand National is approaching. The horse steeplechase is not only the most famous one in the world, but also the most classic. Since 1839, the jump race has been held at the Aintree Racecourse in Liverpool, England. Here, the horses compete for … Read more
8/03/2022 – 9:18 Updated: 09:58 – 03/8/22 Western countries could face oil prices of more than $300 a barrel (more than double today’s) and the possible closure of the main gas pipeline between Russia and Germany if governments follow through on threats to cut oil supplies. energy that comes from Russia, as revealed on Monday … Read more