“While we slept—while we thought the world was just fine—what was actually happening was a tremendous distortion of the production structures.” I sit down with Jeffrey Tucker, senior economics columnist for The Epoch Times and founder and president of The Brownstone Institute. Tucker says labor supply problems are approaching catastrophic levels with historically low worker-to-population…
PREMIERING 3/2 at 7:30PM ET: Jeffrey Tucker: $6 Trillion Created Unprecedented Inflation, All to Feed the ‘Lockdown Machine’
March 1, 2023
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Thailand’s Gulf Energy Completes Deal to Buy Stakes in US Power Project
March 1, 2023
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Thailand’s power producer, Gulf Energy Development Plc, has completed a deal to acquire a 49 percent stake in the 1,200-megawatt gas-fired power project in Illinois as part of its expansion efforts in the United States. The company initiated the acquisition through its subsidiary Gulf Energy USA in September 2022. The deal, valued at more than…
Russia Reducing Dollar Dependence by Relying on Chinese Yuan
March 1, 2023
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Russia is easing its dependence on the U.S. dollar and quickly growing reliant on the Chinese yuan, which could turn out to be either a boon for Moscow or a substantial risk, experts warn. Over the last year, the Russian economy has been restricted from Western financial networks and has faced economic and political sanctions…
Global Shares, Oil Advance as China Manufacturing Rebounds
March 1, 2023
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TOKYO—Global shares were higher Wednesday after reports on key measures of China manufacturing showed a strong recovery after anti-virus controls were lifted late last year. France’s CAC 40 added 0.5 percent in early trading to 7,301.78. Germany’s DAX rose 0.5 percent to 15,422.23. Britain’s FTSE 100 rose 0.2 percent to 7,912.56. The future for the…
Students Train to Ride Seadragon in Offshore Wind Boom
If Australia wants an offshore wind industry, companies and governments are going to have to find skilled workers to plan, design and build it. Competing in a tight global labour market, offshore wind developer Flotation Energy and the University of Melbourne have inked a deal to produce job-ready graduates and re-skill workers exiting the coal…
Australian Treasurer Blocks Chinese Investment in Strategic Rare Earth Producer
February 28, 2023
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A Chinese-backed company’s attempt to increase its stake in a strategically vital rare earth producer has been blocked by the federal government. Yuxiao Fund, a Singapore-registered company, sought to increase its ownership in Northern Minerals from 9.9 percent to 19.9 percent but the move was stopped by Australian Treasurer Jim Chalmers, who signed a prevention…
No Clear Alternative to Jet Fuel to Support Present Demand Under UK’s Net Zero Plans: Report
The UK would have to give up half its farmland to make enough alternative aviation fuel to meet its net zero ambitions, according to a new report from the Royal Society. The report warns there is no single, clear alternative to jet fuel able to support flying on a scale equivalent to present-day use. The UK…
UK and US Vow to Bolster Energy Independence, End Reliance on Russian Energy
February 28, 2023
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Britain and the United States have pledged to work together to bolster energy independence and help their European partners end reliance on Russian energy. Since Russian President Vladimir Putin launched the invasion of Ukraine on Feb. 24, 2022, European nations have reduced their imports of Russian oil and gas, leading to a shortage of supplies…
Oil Rises on China Growth Optimism
February 28, 2023
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LONDON—Oil prices rose on Tuesday, erasing the previous session’s losses, as Optimism for a solid economic rebound in China offset worries about further U.S. interest rate hikes dragging on consumption in the world’s biggest economy. Brent crude futures for April, due to expire on Tuesday, were up by 87 cents, or 1.1 percent, to $83.32…
Shares Slip, Bond Yields Hit Multi-Year Highs on Inflation Fears
February 28, 2023
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LONDON—Global equities slipped and bond yields hit multi-year highs on Tuesday after consumer prices hit a record in France and accelerated in Spain, adding to expectations that major central banks will need to continue tightening policy. France’s European Union-harmonised consumer prices rose to a record 7.2 percent in February while Spain’s EU-harmonised 12-month inflation was…
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