Services ISM Smashes Estimates, Prints At 56.1 Highest Since 2022, As Prices Paid Tumble

US forces launched airstrikes in Somalia from February 22 to February 26, US Africa Command has announced, as the Trump administration continues its record-breaking bombing campaign in the country. AFRICOM said in a press release that it conducted airstrikes on those days against the ISIS affiliate in Somalia’s northeastern Puntland region, about 43 miles southeast […]

More Nations Are Mulling Social Media Bans For Teens After Australia's first-of-its-kind social media ban for adolescents under the age of 16 came into effect in December, more countries in Europe and elsewhere are taking steps to implement their own restrictions. As Katharina Buchholz reports, according to Statista research, France and the United Kingdom have gotten furthest, with laws passing in one chamber each of the countries' bicameral legislatures as of early February. While the latter country is also aiming to ban social media for kids under the age of 16, France's...

Trump's Venezuela Oil Plan Runs Into Hard Reality Authored by Andrew Topf via oilprice.com, Last week US President Donald Trump announced that Venezuela’s interim authorities will turn over up to 50 million barrels of oil to the United States, before later declaring his administration will control Venezuela's oil sales “indefinitely”. Decrying the state of Venezuela’s oil sector, including that the South American country now pumps a fraction of what it used to, Trump said, “We’re going to have our very large United States oil companies — the biggest anywhere in the world — go...