US Sanctions against Sovcomflot In a recent move targeting oil tankers allegedly breaching price caps, the US imposed sanctions on Sovcomflot, Russia’s state-owned shipping giant, and 14 associated tankers on February 23. This ... 03/27/2024 - 10:35 pm | View Link
The True Direct Cost of Oil Sanctions on Russia’s Exports The barrels in question traded for an aggregate price of $9.6 billion when they left Russia, and $11.7 billion by the time they arrived in Asia, suggesting a sanctions cost of between 6.7% and 8.1% ... 03/26/2024 - 3:54 am | View Link
Crypto firms linked to Russia face US sanctions for evasion The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently announced sanctions against 13 entities and two individuals. These sanctions target those aiding the potential ... 03/25/2024 - 9:27 pm | View Link
Russia has finally admitted Western sanctions are hitting its oil exports Russia's oil industry may finally be meeting its reckoning as the West intensifies its sanctions regime. On Friday, Elvira Nabiullina , the governor of the Bank of Russia, said in a statement that the ... 03/24/2024 - 10:04 pm | View Link
Xiconomics in Practice: Xi's inspection tour highlights critical role, vast potential of China's central region The trip underscored the critical role of Central China in the country's pursuit of high-quality development as well as its vast potential in forming new quality productive forces, economists said. 03/21/2024 - 10:27 am | View Link
Bus drivers in South Korea’s capital launched their first strike in more than a decade, which halted almost all city buses Thursday morning, after wage negotiations with management failed to narrow gaps.
Commuters looked for alternatives after some 7,000 buses among 7,382 registered with the city were out of service due to the strike, the Seoul Metropolitan Government said.
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Back in January, the International Court of Justice responded to a petition asking it to rule that Israel’s campaign in Gaza amounted to genocide. To the disappointment of the petitioner, South Africa, the court appeared to conclude that Israel’s campaign was not inherently genocidal, essentially affirming the principle of Israel’s right to military engagement for aims such as self-defense, the pursuit of terrorists, and hostage rescue.
A new study from the World Inequality Lab finds that the present-day golden era of Indian billionaires has produced soaring income inequality in India—now among the highest in the world and starker than in the U. S., Brazil, and South Africa. The gap between India’s rich and poor is now so wide that by some measures, the distribution of income in India was more equitable under British colonial rule than it is now, according to the group of economists who co-authored the study, including the renowned French economist Thomas Piketty.
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The current total number of billionaires in India is peaking at 271, with 94 new billionaires added in 2023 alone, according to Hurun Research Institute’s 2024 global rich list published Tuesday.
Someone recently asked me why it was important to protect the Amazon rainforest from oil drilling. The question made me angry. Can you imagine being questioned about the importance of protecting your home from being destroyed in a fire? Or about protecting your home, your extended family’s homes, and all your people’s homes from demolition?
Thailand’s lawmakers passed a legislation to recognize same-sex marriage, paving the way for the country to become the first in Southeast Asia to guarantee marriage rights for gay and lesbian couples.
The 500-member House of Representatives voted to pass the so-called “marriage equality” bill, technically an amendment to the Civil and Commercial Code, in a final reading on Wednesday.
For years, China has been testing the limits of its aggression in the South China Sea to see how much it can push before someone, meaningfully, pushes back. It’s a dangerous game that recently left three Philippine Navy personnel injured after their resupply ship to the Second Thomas Shoal—an atoll at the center of disputes over rival territorial claims of the all-important waterway through which a third of the world’s trade passes—was surrounded and fired upon with a water cannon by Chinese coast guard and militia vessels.
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In video of the March 23 incident, crew members could be heard shouting as jets of water pummeled the Philippine ship, which sustained heavy damage.
CAUGHT ON CAM: A GMA Integrated News Exclusive: “Tama na, Lord!” Horror as China Coast water cannons Philippine resupply ship @24OrasGMA @gmanews pic.twitter.com/rUIKi8ws8O— Joseph Morong 🇵🇭 (@Joseph_Morong) March 25, 2024
It’s not the first such attack by Chinese forces on Philippine sailors, nor is it likely to be the last.