US Signals Allies 'No Immediate Plans' For Ground Invasion, As Iran Warns 'Heavy Price' To Pay For Nuclear & Steel Plant Attacks

Trump Invokes Defense Production Act To Increase Petroleum Production Authored by Timothy Frudd via The Epoch Times, President Donald Trump invoked the Defense Production Act of 1950 in a memorandum on Oct. 22 to increase oil production in the United States as prices remain elevated amid the Iran conflict. In Thursday's memorandum, Trump determined that ensuring the United States had a resilient domestic petroleum production, refining, and logistics capacity was essential for national defense. The memorandum directed Secretary of War Pete Hegseth to complete purchases, make commitments, and use financial instruments to expand...

How U.S. Retailers Are Absorbing The Fuel-Price Shock We have diligently tracked the Gulf-related fuel-price shock hitting the American consumer, with prices rising at the fastest rate in three years, personal savings depleted, and spending still running hot, a trend Goldman flags as increasingly troubling for the broader economy. This cocktail has revived uncomfortable memories of the 1970s: higher energy costs, squeezed households, and a consumer still spending into weakness. But another important area of coverage is how companies are faring as freight, fuel, and supplier costs, along with tariff pressures,...

Swiss Government Discusses Revoking Protections, Benefits For Military-Aged Ukrainians During the opening years of the Russia-Ukraine war European states were quite welcoming to Ukrainian refugees and anyone fleeing the carnage and chaos, but now in the conflict's fifth year the general sentiment among EU populations and governments is changing. Switzerland, once hailed as Europe's most neutral state - and among the most 'welcoming' countries for asylum seekers - is mulling a policy change which would exclude Ukrainian men of military age from protections granted to refugees. The Swiss Federal Council announced in a...