President Joe Biden has signed into law a $777.7bn US annual military budget – his first in office – weeks after Congress overwhelmingly passed the bill amid protests from progressives and anti-war groups who had advocated for cutting military spending. The White House announced that […]
Day: December 27, 2021
How Venezuela this year almost doubled its oil output
Venezuela this year almost doubled its oil production from last year’s decades-low as its state-owned company struck deals that let it pump and process more extra heavy crude into exportable grades. The surprising reversal began as state-run Petroleos de Venezuela, known as PDVSA, won help from small drilling firms by rolling over […]
Oil hits monthly high despite surging Omicron infections
Oil rose in tandem with equity markets as investors weighed the rapid spread of omicron against signs it may be milder than previous variants. West Texas Intermediate futures closed 2.4% higher on Monday, trading above $75 a barrel for the first time in a month […]
Lebanon’s President Aoun calls for ‘urgent’ national dialogue
Beirut, Lebanon – Lebanon’s President Michel Aoun has called for an “urgent” national dialogue between the country’s governing parties as he condemned months of political paralysis in the government. “The deliberate, systematic and unjustified disruption that leads to institutions dismantling and the dissolution of the […]
Delegates at new round of Iran nuclear talks strike hopeful note
Tehran, Iran – The eighth and possibly final round of talks in Vienna to restore Iran’s landmark 2015 nuclear deal with world powers has commenced on a cautiously hopeful note. A Joint Commission meeting of the remaining participants of the Joint Comprehensive Plan of Action […]
Senator Warren urges crackdown on Wall Street over climate change
Senator Elizabeth Warren accused the financial services industry of being a major contributor to climate change and urged U.S. regulators to hold it to account. Warren, a Massachusetts Democrat, cited a study by the Sierra Club and the Center for American Progress, which shows that […]
Will the James Webb Space Telescope mission be successful?
Humanity has embarked on another space adventure. One of the most sophisticated technological systems ever created on Earth is on its way to making history and looking back in it. The James Webb Space Telescope is the largest and most powerful space observatory to be […]
Biden pledges support to US states as COVID infections spike
President Joe Biden has pledged his government’s support to states grappling with a surge in coronavirus infections as the highly contagious Omicron variant continues to spread across the United States. Speaking to reporters after a meeting with governors on Monday, Biden warned that rising cases […]
US: Judge to reconsider trucker’s 110-year prison sentence
A judge in the US state of Colorado is set to consider on Monday a request from prosecutors to reduce the 110-year prison sentence of a truck driver for a fiery, mountain road crash that killed four. The sentence given to Rogel Aguilera-Mederos, 26, for […]
How Venezuela almost doubled its oil output this year
Venezuela this year almost doubled its oil production from last year’s decades-low as its state-owned company struck deals that let it pump and process more extra heavy crude into exportable grades. The surprising reversal began as state-run Petroleos de Venezuela, known as PDVSA, won help from small drilling firms by rolling over […]