Russian lawmakers aim to launch a national cryptocurrency exchange, supported by the country’s Ministry of Finance and the Central Bank of Russia, according to...
In May I wrote about the emerging energy and food crisis gripping the world due largely to the Russia-Ukraine conflict. The crisis continues to unfold. However, most people are aware of it only via high prices—for gasoline, electricity, natural gas, and food—and through widespread chatter among economists about inflation and what should be done to […]
Ukraine’s recent two-front counteroffensive has dealt a heavy blow to the Russian military. Contrary to Western military orthodoxy, air superiority was not a prerequisite...
The Russian economy is in free fall. The Russian ruble is worth less than a penny. Russian airlines mainly now fly on domestic routes. There is very little growth potential for them as long as Putin continues his savage attack on Ukraine. Aeroflot is now pushing ticket sales to international destinations it can still fly […]
OneWeb said Monday it has reached an agreement with SpaceX to resume launching the company's satellite internet constellation later this year, just 18 days after suspending launches on Russian Soyuz rockets.
Shockwaves reverberated through markets when the Russian-Ukrainian conflict broke out – the S&P 500 and save-haven fiat currencies dropped, while commodities prices surged amid supply disruptions fears. Even though cryptocurrency markets have suffered a slump initially, Bitcoin has held its ground. Crypto isn’t like stocks in tough times Bitcoin has outperformed most traditional asset classes, including […]
Due to Western sanctions, the Russian cargo carrier Volga-Dnepr Group has stated that two of its companies, AirBridge Cargo and Atran, will cease operations. The group’s 24 aircraft will be grounded in total. Impact Due to Western sanctions, the Volga-Dnepr […]
Oil higher as OPEC+ falls further short of targets In a further sign that calls for OPEC+ to raise output further are a wasted effort, IEA reported that compliance with pandemic-agreed cuts rose to 136% last month, up from 129% in January. In other words, the group is not only failing to hit its quotas, […]