Bank of Canada Keeps Rates On Hold As It "Looks Through War's Immediate Impact On Inflation"

London Mayor Sadiq Khan Calls For A Government Social Media 'Disinformation' Unit Authored by Steve Watson via Modernity.news, Sadiq Khan is pushing hard for a new state-backed disinformation unit to silence online criticism of London. The Mayor claims a “dark blizzard of disinformation” is undermining the city, linking it directly to offline harm, and wants government tools to force Big Tech to act – or else. In a post on X (replies closed of course), Khan declared: “We can’t ignore the link between online disinformation and offline harm. At the Cambridge Disinformation Summit, I...

Congress Moves To Boost Drone Funding As "War Unicorns" See Possible Procurement Supercycle Needham analysts see increasing congressional support for drones and counter-drone technologies as lawmakers advance the latest FY27 National Defense Authorization Act and related appropriations bills. This is bullish for defense-tech "war unicorns" specializing in drones, robotics, autonomy, and counter-UAS systems, as the Trump war economy shifts into higher gear. Analyst Austin Bohlig launched Needham's FY27 Defense Budget Tracker, which provides clients with updates on next-generation defense technologies, especially drones, robotics, and autonomous systems. Bohlig said the defense funding framework...

Russia's Oil Revenue Sinks As Urals Falls To $59 Submitted by Julianne Geiger of OilPrice.com Russia collected 326.2 billion rubles, or about $3.76 billion, in net oil revenue in August, down 22% from a year earlier and the lowest monthly total since February. Russia’s tax authority calculated August oil revenues using a crude price of just over $59 per barrel. Urals, Russia’s main export grade, averaged almost $95 per barrel during the spring after the Iran war pushed buyers toward barrels outside the Persian Gulf. Total Russian oil and gas revenue fell 16%...