Hertz Energy Applies For Two Uranium Projects In Namibia
Hertz Energy (CSE: HZ) is expanding its uranium holdings. The company has elected to step outside of Canada and into Namibia, where it has submitted an application to acquire exclusive prospecting licenses.
Is De-dollarization Already Here?
The dominance of the US dollar as the primary global reserve currency faced a significant setback last year, declining at a rate ten times faster than the average over the past two decades. This trend emerged as numerous nations sought alternatives following the fallout from Russia’s invasion of Ukraine, which triggered swift and robust sanctions, […]
Disturbing Photos Emerge of Texas Dairy Worker’s Rare Bird Flu Infection from Cow
The first known case of a human contracting H5N1 from a mammal was recently reported in Texas, where a dairy farm worker suffered “very mild” symptoms including bleeding in the eyes due to the infection. While this appears to be an isolated incident so far, the CDC has stressed that the virus is not a […]
Google Reportedly Begins Process of Seeking Cheaper Labor Following Layoffs
Alphabet’s (NASDAQ: GOOGL) Google has commenced a series of layoffs impacting hundreds of its employees, reportedly with plans to hire for the same roles in countries offering relatively cheaper labor, such as India and Mexico. The recent wave of job cuts has notably affected Google’s Python team, as reported by the Free Press Journal on […]
Is Russia Cutting Its Export Duty On Gold?
Russia is mulling over the possibility of eliminating export duties on gold, as announced by the director of the finance ministry’s tax policy department on Tuesday. According to the World Gold Council, Russia stood as the world’s second-largest gold miner in 2022, commanding approximately 9% of global production, trailing behind China and leading Australia. However, […]
Kazatomprom Faces Delay In Production At Sulphuric Acid Plant
Kazatomprom has announced a delay in the commencement of production at the TQZ LLP facility, which is intended to produce the sulphuric acid necessary for uranium production, pushing the timeline from 2026 to 2027. This delay is attributed to restructuring procedures and approval delays for project design documentation. “Considering the restructuring procedures, as well as […]
Can Canada Cut Rates Even As the US Holds Steady?
Bank of Canada Governor Tiff Macklem addressed the Canadian legislature’s finance committee on Thursday, discussing the central bank’s ability to cut interest rates while the Federal Reserve maintains elevated levels. Macklem’s testimony came amid concerns that a series of rate cuts by the Bank of Canada, combined with the Fed’s decision to keep rates steady, […]
Dominion Energy Faces Unprecedented Power Demands from AI-Driven Data Centers
Electricity demand in Northern Virginia is surging to unprecedented levels. Dominion Energy Inc (NYSE: D) CEO Bob Blue said at the company’s first-quarter earnings call that Dominion has been receiving requests from data center developers to provide “several gigawatts” of electricity. The increasing demand for electricity is primarily driven by the growth of artificial intelligence […]
Using WhatsApp To Jack Up Oil Prices? FTC Accuses Scott Sheffield of Price Collusion With OPEC
The Federal Trade Commission (FTC) has unveiled allegations of collusion within the oil industry, suggesting that certain key players worked to artificially inflate oil prices through coordinated limitations on drilling activities. The commission’s complaint sheds light on clandestine communications, including the use of texts and WhatsApp messages, purportedly aimed at manipulating gasoline prices. Among the […]
Gazprom Sees First Annual Net Loss In 25 Years As Flows To Europe Fall To Lowest Levels In 5 Decades
Gazprom Group, Russia’s state-controlled gas giant, reported its first annual net loss since 1999, amounting to 629 billion rubles ($6.84 billion) in 2023. The loss is attributed to falling shipments to Europe and lower fuel prices, a stark contrast to the net income of 1.23 trillion rubles in 2022. The company’s shares fell by up […]