Oil Titans Backtrack on Renewable Energy Ambitions To Address Profitability Concerns
European energy giants BP, Shell, and Equinor are scaling back on their ambitious renewable energy plans, opting instead to refocus on traditional oil and gas operations. This pivot comes against a backdrop of global economic pressures, rising costs in renewables, and shifting shareholder demands, reflecting the complexities of navigating the energy transition. In the past […]
Pennsylvania May Become First US State to Hold Bitcoin
Pennsylvania legislators have introduced a bill that would make it the first US state to hold Bitcoin in its reserves, marking a significant shift in how state governments approach digital asset management. The legislation, which follows the state’s Bitcoin Rights bill already passed by the House, would permit investment of up to 10% of state […]
Polish Central Bank Continues Gold-Buying Spree, Ups Holdings to 420 Tons
Poland has expanded its gold reserves to 420 tons, surpassing Britain’s holdings and positioning itself among the world’s largest gold reserve holders, the central bank said. The National Bank of Poland (NBP) has added 39 tons of gold just in the last five months, advancing toward its goal of holding 20% of its foreign exchange […]
Beijing Gears Up for Trade War as Trump’s Hardline Team Takes Shape
As U.S. President-elect Donald Trump assembles a cabinet filled with staunch critics of Beijing, his administration is poised to confront a more robust and prepared China. Analysts suggest that this brewing standoff between the world’s two largest economies could further strain global markets and intensify geopolitical tensions. However, Beijing, having faced years of U.S. pressure, […]
Russia Stops Gas Flow to Austria in Payment Dispute
Russia’s Gazprom halted natural gas supplies to Austria on Saturday in a payment dispute, marking another reduction in Moscow’s dwindling energy ties with Europe nearly three years after the Ukraine invasion. Austrian utility OMV said deliveries stopped at 6 a.m. (0500 GMT) after it moved to offset a 230 million euro ($242 million) arbitration award […]
BHP Says Copper Sector Needs $250 Billion Investment by 2034
The global mining industry will need to invest $250 billion over the next decade to meet surging copper demand, BHP Group (NYSE: BHP) Chief Executive Mike Henry said, as the sector faces increasing challenges in finding new deposits. Copper demand could rise 70% to 100% by 2050, with industries related to energy transition expected to […]
Inside Trump’s Radical Plan to Use the Military for Mass Deportations
In a confirmation of his campaign promise, U.S. President-elect Donald Trump announced plans this morning to declare a national emergency to execute mass deportations of undocumented immigrants. The announcement, made via Truth Social, underscores Trump’s long-standing hardline stance on immigration—a cornerstone of his political identity. On Monday, Trump reposted a Truth Social comment from Tom […]
Russia Curbs Uranium Exports to US, Prices Jump
Global uranium markets reacted swiftly on Friday as Russia imposed new controls on shipments to the United States, though the restrictions appear to leave room for continued trade between the nations. The announcement from Moscow, which dominates global uranium enrichment with 44% of capacity, sent uranium futures for November 2025 delivery up $4 to $84 […]
Bitcoin Miner MARA Raises $700 Million To Buy… More Bitcoin?
MARA Holdings, Inc. (NASDAQ: MARA), one of the largest publicly traded Bitcoin mining companies, has announced a proposed $700 million private offering of convertible senior notes. The company plans to use part of the proceeds to acquire more Bitcoin, repay existing debt, and fund general corporate purposes. While MARA frames the move as a strategic […]
Canadian Housing Starts Remain Flat In October
Canada’s housing market showed mixed signals in October, with the six-month trend in housing starts remaining flat at 243,522 units, according to the latest data from Canada Mortgage and Housing Corporation. The trend measure, a six-month moving average of the seasonally adjusted annual rate (SAAR) of total housing starts, indicates a stabilizing market on a […]