Peaceful Nationalism as a Foundation for Economic Liberalism

UAE Crude Output Nears Record High Following OPEC Exit Amid Surge In Chinese Buying The United Arab Emirates raised ‌its crude output to near record highs above 3.8 million barrels per day in June, after the Gulf nation quit OPEC to escape production caps, Reuters reported citing two sources familiar with production data said on Monday. Bloomberg data showed even higher UAE exports, rising to 3.94mmb/d, just shy of the record hit in late 2025. June's output was the highest since April ​2020, according to Reuters estimates, exceeding levels seen before the...

"Buffers Running Down Quickly": HSBC Warns Next Global Food Shock Brewing Warnings on Wall Street about a confluence of stressors building deep within global agricultural supply chains are growing louder by the week, raising the risk of a food crisis next year. JPMorgan analysts warned last week that the next global food crisis "won't be short-lived." HSBC analysts sounded a similar alarm, pointing to tightening grain supplies, El Niño, disruptions at maritime chokepoints, and a supply "squeeze" sending grain prices soaring. HSBC economist Jamie Culling, who covers Australia, New Zealand, and global commodities,...

"Thermal Event" Triggers Service Disruptions At Amazon AWS Cloud Hub In Northern Virginia Amazon Web Services said that recovery efforts are still underway after a "loss of power during a thermal event" disrupted a Northern Virginia data center on Thursday evening. "Mitigation efforts remain underway to resolve the impaired EC2 instances and degraded EBS volumes in a single Availability Zone (use1-az4) in the US-EAST-1 Region," AWS wrote on its Service Health page, indicating that its operational issue for "Amazon Elastic Compute Cloud (N. Virginia)" remained "impacted" as of early Friday morning. AWS...