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Yet Another Wildberries Facility - Russia's Amazon - Goes Up In Flames After Ukraine Drone Strike
Yet Another Wildberries Facility - Russia's Amazon - Goes Up In Flames After Ukraine Drone Strike
Another large warehouse and logistics hub for major online Russian retailer Wildberries has been targeted and struck by Ukrainian drones.
This is the third time in a week the company widely considered to be the 'Russian Amazon' has seen its warehouses go up in flames. At least eight of its shipping facilities have been attacked overall this month. Wildberries co-founder Tatyana Kim confirmed the fresh attack on company facilities Friday morning:
Kim, Russia's wealthiest woman, said Wildberries facilities in...
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May 14, 2026 / Tyler Durden
Iran Proclaims Safe, Toll-Free Passage For 30 Chinese Tankers Amid Xi-Trump Summit
Iran Proclaims Safe, Toll-Free Passage For 30 Chinese Tankers Amid Xi-Trump Summit
During President Trump's ongoing state visit to China, he and President Xi Jinping agreed that the Strait of Hormuz must be open for the free flow of energy. They along with their senior officials have expressed agreement that no country can be allowed to exact shipping tolls in the Strait of Hormuz.
Following this, Thursday saw Iranian state media proclaim that some 30 Chinese vessels are being allowed safe passage by Iran. Bloomberg also freshly reports, "The vessels were allowed to pass...
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Jun 25, 2026 / Kyle Anzalone
Vance Touts Increased Ties Between Iran, GCC States
Vice President JD Vance said that the war against Iran has resulted in Gulf Arab states seeking deeper ties with Tehran. “Because of the conversations they’re having with the Iranians. The Emiratis — by far the most hawkish, by far the most pro-Israel country in the [Gulf Cooperation Council] — they’re having conversations with the […]
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Jun 8, 2026 / Tyler Durden
10 Enduring Lessons From Adam Smith
10 Enduring Lessons From Adam Smith
Authored by Nikolai G. Wenzel via The Daily Economy,
Adam Smith (1723-1790) is widely considered to be the father of modern economics. There were precursors, such as the School of Salamanca and the French Physiocrats, but Adam Smith's 1776 magnum opus, "An Inquiry Into the Nature and Causes of the Wealth of Nations," was the first comprehensive treatise.
A statue of Adam Smith in Edinburgh, Scotland, in a file photo. Travel Telly/Shutterstock
In this 250th anniversary year, much ink will be spilled - and with good reason...
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