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Russia Buying Gasoline From India To Tackle Shortages
Russia Buying Gasoline From India To Tackle Shortages
Russia, whose refining capacity has come under significant strain in recent months, has started seaborne imports of gasoline from India (the same country it exports millions of barrels of oil to), Reuters reported citing industry sources, in an effort to mitigate fuel shortages triggered by Ukrainian attacks on its energy infrastructure.
Fuel shortages are being felt across Russia's 11 time zones with rationing, long queues at filling stations and a record gasoline price increase, as a result of relentless Ukraine strikes on the...
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May 12, 2026 / Tyler Durden
'Could Resonate Globally': Korea Sparks Market Chaos With 'AI Tax' Threat
'Could Resonate Globally': Korea Sparks Market Chaos With 'AI Tax' Threat
Korean markets were under pressure overnight after politicians floated the idea of tapping AI profits.
Bloomberg reports that a top South Korean policymaker said the nation should pay citizens a 'dividend' using taxes on AI profits, with the obvious read through to Samsung and SK Hynix.
The comments in a Facebook post by presidential policy chief Kim Yong-beom fueled sharp swings in Korean stocks on Tuesday as investors struggled to parse the scope of the proposals.
“Excess profits in the AI era...
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Aug 4, 2026 / Dave DeCamp
Report: US Has Used ‘Virtually All’ of Its ATACMS and Precision Strike Missiles in Iran War
The US Army has used much of its stockpile of accurate long-range missiles in the Iran war, Reuters reported on Tuesday, citing people familiar with the data. The report said that the missiles include the Army Tactical Missile Systems (ATACMS), surface-to-surface missiles that are fired from HIMARS rocket systems, and the Precision Strike Missiles (PrSM), […]
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Apr 22, 2026 / Dave DeCamp
US Bombs Somalia for 57th Time This Year
US Africa Command said in a press release on Tuesday that its forces launched an airstrike in Somalia on April 20, as the Trump administration continues a record-shattering bombing campaign in the country with virtually no US media coverage. AFRICOM said the strike targeted the ISIS affiliate in Somalia’s northeastern Puntland region and that it […]
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