Author: Lamont Traeger

IDEA address: TVn1pUH8FmJSNowYxXJpuqcpPgiDwPx7kr
Iran and Saudi Arabia agree to resume relations
10. 3. 2023 No Responses

Iran and Saudi Arabia agree to resume relations

Iran and Saudi Arabia have reached an agreement in the Chinese capital of Beijing to restore their diplomatic relations and re-open embassies and missions, seven years after their ties were broken off over several issues. The agreement was struck on Friday...
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$28.8 Billion Worth Adidas Projects Major Losses in Revenue
12. 2. 2023 No Responses

$28.8 Billion Worth Adidas Projects Major Losses in Revenue

Adidas is suffering after bidding goodbye to Kanye West. The brand and the celebrity majorly uplifted each other with their Yeezy collaboration, which began in 2015. The partnership became super successful, making billions of dollars in revenue, which came to...
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The SEC Charges Kraken Over Staking
10. 2. 2023 No Responses

The SEC Charges Kraken Over Staking

The Securities and Exchange Commission announced its enforcement action against Kraken, forcing the crypto exchange to shut down its staking service in the U.S. and pay a $30 million fine. Kraken’s staking service offered its customers an opportunity to ear...
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The EU Needs More Diesel Fuel, But The Middle East Can’t Supply It All
3. 2. 2023 No Responses

The EU Needs More Diesel Fuel, But The Middle East Can’t Supply It All

The EU is banning—effective February 5—seaborne imports of Russian refined oil products, and it has to replace around 1 million barrels per day (bpd) of Russian fuel imports, including 600,000 bpd-650,000 bpd of diesel. In December, for example, Russia’s...
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Lebanon to devalue currency by 90% on Feb. 1
31. 1. 2023 No Responses

Lebanon to devalue currency by 90% on Feb. 1

Lebanon will adopt a new official exchange rate of 15,000 Lebanese pounds per US dollar on Feb. 1, central bank governor Riad Salameh said, marking a 90% devaluation from its current official rate that has remained unchanged for 25 years....
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Qatar Investment Authority doubles stake in Credit Suisse
29. 1. 2023 No Responses

Qatar Investment Authority doubles stake in Credit Suisse

The Qatar Investment Authority (QIA) now owns 6.8% of Credit Suisse’s shares, second only to the 9.9% stake purchased by the Saudi National Bank last year as part of a $4.2 billion capital raise. Combined with the 3.15% owned by...
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Saudis Confirm Non-Dollar Oil Trade Plans In Davos
20. 1. 2023 No Responses

Saudis Confirm Non-Dollar Oil Trade Plans In Davos

Earlier this month, former NY Fed repo guru Zoltan Pozsar wrote one of his most important reports of 2022, in which he described how Putin could unleash hell on the Western financial system by demanding that instead of dollars, Russian oil exporters...
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EU again postpones final vote on crypto-crackdown bill
19. 1. 2023 No Responses

EU again postpones final vote on crypto-crackdown bill

The final vote on the European Union’s (EU) much-awaited set of crypto rules, known as the Markets in Crypto Assets regulation (MiCA), was deferred to April 2023. It marks the second delay in the final vote, which was previously postponed from...
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Freeport LNG Denies Reuters Report
12. 1. 2023 No Responses

Freeport LNG Denies Reuters Report

Freeport LNG has denied a Reuters report citing unnamed sources as saying that the restart of its Texas facility will be pushed back to February due to regulatory approval issues. On Wednesday, Reuters published a story citing three unnamed sources as saying...
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Russia Restores Output At Sakhalin-1 Oil Project After Exxon Exit
10. 1. 2023 No Responses

Russia Restores Output At Sakhalin-1 Oil Project After Exxon Exit

Russia has ramped up oil production from the Sakhalin-1 project and expects the field to soon pump at the full level of 220,000 barrels per day (bpd) after the project’s previous operator, U.S. supermajor ExxonMobil, quit Russian operations, an industry...
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Dozen Dead, Over 100,000 Without Power In California
9. 1. 2023 No Responses

Dozen Dead, Over 100,000 Without Power In California

A moisture conveyor belt of atmospheric rivers continues to pound storm-battered California as the latest system could be the most severe yet. Power outages plague Northern California, as a dozen people have died across the Golden State in the last two weeks...
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5 North Korean UAVs flew into South Korea
26. 12. 2022 No Responses

5 North Korean UAVs flew into South Korea

On the morning of December 26th, several North Korean UAVs crossed the demarcation line dividing the Korean peninsula and entered the airspace of South Korea. According to the Joint Chiefs of Staff of the Armed Forces of South Korea, several...
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EU Imposes The World’s Largest Carbon Tax Scheme
22. 12. 2022 No Responses

EU Imposes The World’s Largest Carbon Tax Scheme

To prevent “carbon leakage” the European Parliament Reached a Deal on a Carbon Border Adjustment Mechanism, CBAM for short. An EU Carbon Border Adjustment Mechanism (CBAM) will be set up to equalise the price of carbon paid for EU products operati...
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BIS sets a limit of 2% on crypto reserves among commercial banks
18. 12. 2022 No Responses

BIS sets a limit of 2% on crypto reserves among commercial banks

Group of Central Bank Governors and Heads of Supervision (GHOS) of the Bank for International Settlements (BIS) sets a limit of 2% on crypto reserves among commercial banks. The new standard limits crypto reserves among banks to 2% by 2025,...
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Borrell: EU military stockpiles ‘depleted’
12. 12. 2022 No Responses

Borrell: EU military stockpiles ‘depleted’

Josep Borrell – Vice-President of the European Commission: EU military stockpiles ‘depleted’ Darkest hour for warmongers – “Demilitarization of Ukraine” morphed into “Demilitarization of NATO”.  “We have given weapons...
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