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Beijing Flip-Flops, Asks Banks To Pause Loans To Sanctioned Refiners Days After Ordering Them To Ignore Sanctions
Beijing Flip-Flops, Asks Banks To Pause Loans To Sanctioned Refiners Days After Ordering Them To Ignore Sanctions
Over the weekend, we reported that in what some called a "watershed moment", Beijing ordered Chinese companies not to comply with US sanctions on five domestic refiners linked to the Iranian oil trade, deploying for the first time a blocking measure introduced in 2021 that was aimed at protecting its firms from foreign laws it deemed unjustified. Of note, China's refiners - including Hengli Petrochemical (Dalian) Refinery which was sanctioned last month and several other...
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Aug 20, 2026 / Tyler Durden
Mass Casualties In Large Russian Assault On Ukraine's Capital, Air Defenses Dwindle
Mass Casualties In Large Russian Assault On Ukraine's Capital, Air Defenses Dwindle
Ukraine started the week with near record-setting drone attacks on Moscow, with over 600 UAVs sent against the Russian capital Monday night into Tuesday.
The expected major Russian retaliation has come overnight, with a huge missile and drone barrage on the Ukrainian capital. Many dozens were sent, killing over 16 people and injuring more than 40, local authorities report.
Ukrainian media
The casualty rate was high despite that Ukraine says it managed to intercept nearly 90% of inbound projectiles, which it...
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Jul 23, 2026 / Tyler Durden
China Plans Planetary Defense Test By Slamming Mach 26 Spacecraft Into Asteroid
China Plans Planetary Defense Test By Slamming Mach 26 Spacecraft Into Asteroid
A new paper under peer review by the Chinese-language Journal of Deep Space Exploration lays out an ambitious plan to crash a spacecraft at Mach 26, or 20,000 mph, into a near-Earth asteroid to test new planetary defenses.
The South China Morning Post reports that a team led by Li Mingtao, chief scientist for planetary defense at the China National Space Administration, is planning a mission even more ambitious than NASA’s Double Asteroid Redirection Test (DART).
That mission would...
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Aug 26, 2026 / Tyler Durden
US Removes Syria, Including Al-Nusra Front, From Its List Of Terrorism Sponsors
US Removes Syria, Including Al-Nusra Front, From Its List Of Terrorism Sponsors
Following a decade-and-a-half of a Washington-led full economic siege of the Syrian state, and after a fierce CIA-backed proxy war (Timber Sycamore) to oust Assad over that same period, this week has witnessed the huge milestone of the United States finally removing Syria from its state sponsors of terrorism list.
The designation itself had stretched back several decades, and it placed major hurdles in the way of international investment, but with the Monday move by the State Department many of...
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