The sale follows the Iraqi federal government pressuring international firms to pull out of the autonomous region, which has led to concern from the US State Department. A French energy giant has completed the sale of its stake in an Iraqi oil field. TotalEnergies sold its 18% interest in the …

An extraordinary uptick in capital flows of unknown origin to Turkey has left many wondering whether Russian money could be involved. Turkey’s energy import bill — standing at $83.5 billion over 12 months in July — is a major factor behind its gaping current account deficit. And with Russia being …

The overall Consumer Price Index rose 0.1 percent in August, core was up 0.6 percent; up 8.3 percent and 6.3 percent year-over-year, respectively. Overall, the picture shows inflation persisting in a wide variety of areas where it seems that supply chain issues are being overcome. This is not a good …

In Washington, wide agreement exists that the Russian army’s performance in the Kremlin’s ongoing Ukraine “special military operation” ranks somewhere between lousy and truly abysmal. The question is: Why? The answer in American policy circles, both civilian and military, appears all but self-evident. Vladimir Putin’s Russia has stubbornly insisted on …

Winter is coming. As the European Union (EU) confronts Russia’s war in Ukraine and spiraling energy prices, European Commission President Ursula von der Leyen delivered her State of the European Union Address on Wednesday in Strasbourg, France, with a focus on how the bloc needs to respond to the crisis. …

Notably, these data show less of a gap between the United States and China or the European Union, and greater representation of the European Union overall. Part of this gap originates from the narrower timeframe of the bug-bounty platform data. The datasets gathered by this paper from vendors show, consistently, …

Chinese President Xi Jinping will leave China for the first time in more than two years in a trip to Central Asia that aims to boost Chinese leadership in the region and reaffirm Beijing’s partnership with Moscow in a meeting with Russian counterpart Vladimir Putin. The trip marks Xi’s return …

Following EU energy ministers’ negotiations on measures proposed by the Commission to face lowering energy supplies last week, the French government said it is open to taking the matter further by putting a cap on Russian energy imports. On Thursday (8 September), European Commission President Ursula von der Leyen proposed …

According to commentators, countering inflation requires monetary authorities to actively restrain the economy, with “experts” believing that higher interest rates need not cause an economic slump. Instead, they believe that the Fed cab orchestrate a “soft landing.” It is questionable, however. that a soft-landing scenario is possible. Money Printing Creates …

PM Mishustin would become acting president and elections would be held, but experts say the substance of a post-Putin Russia is tough to predict. In recent months, the health of Russian President Vladimir Putin has been the subject of much speculation, with claims that he has cancer, Parkinson’s, or has …