Russian Ships continue to Unload Oil in Europe

Fourth EstateOil Tanker in the Bosphorus - Teo Romera

Russian ships have continued to unload oil in Europe despite the European Union’s proposed complete import ban on all Russian oil. Gazprom announced Sunday that the company has continued delivering gas to Europe through Ukraine. A company spokesperson said that …

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Indonesian Palm Oil Ban Causes Soyoil Prices to Rise

Fourth EstateSoy Oil - anthony@sg

Soybean oil prices soared on Friday as Indonesia banned the export of palm oil to address local shortages. Soybean oil is considered to be an easy substitute for palm oil. Palm oil in Kuala Lumpur reached RM6,355 ($1,469) a ton, …

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German Employers and Unions Oppose EU Ban on Russian Gas

German employers and unions opposed Europe’s embargo on Russian gas, saying the ban would have a greater impact on the German economy than on Russia. Rainer Dulger, chairman of the BDA employer’s group, and Reiner Hoffmann, chairman of the DGB …

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U.S. Inflation Reaches 8.5% in March, Highest in More Than 40 Years

Fourth EstateAccording to data released by the US Bureau of Labor Statistics (BLS), the 12-month increase is the fastest pace since December 1981. - Fourth Estate

Inflation rose to a new 40-year high with the consumer price index leaping 8.5% annually, the US Labor Department revealed.  According to data released by the US Bureau of Labor Statistics (BLS), the 12-month increase is the fastest pace since …

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Panicked Residents Empty Grocery Shelves in Canada’s Flood-Hit British Columbia

Grocery shelves in Canada’s province of British Columbia were emptied on Wednesday as residents began panic buying goods following this week’s catastrophic flooding. Some parts of the province are expected to see temporary shortages in dairy supplies, more so due …

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Panicked Residents Empty Grocery Shelves in Canada’s Flood-Hit British Columbia

Grocery shelves in Canada’s province of British Columbia were emptied on Wednesday as residents began panic buying goods following this week’s catastrophic flooding. Some parts of the province are expected to see temporary shortages in dairy supplies, more so due …

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Kazakhstan Introduces Cryptomining Energy Surcharge

Kazakhstan’s President Kassym-Jomart Tokayev has signed a new law this week imposing an additional tax fee for energy utilized by crypto miners operating in the country.  The new law will charge cryptocurrency miners an additional fee of 1 Kazakhstan tenge …

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Latest Crypto Crash Wipes Out Billions of Dollars from Investors

The price of cryptocurrencies has crashed even further on Tuesday wiping off long (buy) positions worth over $10 billion. The price of bitcoin is currently about 50% off its all-time high of around $65,000 last April. Other smaller cryptocurrencies like …

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