More Complications Arise In the Trump Universe

"We're On Borrowed Time": Vitol LNG Chief Warns Of Coming Food Price Shock Pablo Galante Escobar, the head of liquefied natural gas (LNG) at Vitol, warned the audience at the FT Commodities Summit earlier today that the "world is on borrowed time" and that the Gulf energy shock will develop into a food crisis unless LNG flows resume through the Hormuz chokepoint. "We are on borrowed time. Every day this trade remains closed and every day production does not come back, we are building a problem for the future, and...

Xi Touts Communist Party's Global Reach, Hails PLA's Rising Strength In 105th Anniversary Address Chinese President Xi Jinping used a major speech marking the 105th anniversary of the Chinese Communist Party on Wednesday to both tout China's global influence and pledge a stronger armed forces build-up while staying steadfast in an ongoing crackdown on corruption within top military ranks. Bloomberg concluded of the speech, "Xi Jinping signaled China's ambition to play a more high-profile role, a strategy that involves rallying developing nations as a counterweight to what he views as fading...