Russia Agrees To Repurpose Strategic Military Bases In Post-Assad Syria

Abbott Orders Pause On Texas Data Center Approvals Pending Audit Texas Governor Greg Abbott just ordered a pause on approving new data center projects via the state's grid interconnection process over concerns that a surge in electricity demand could threaten reliability amid growing opposition to the projects.  The timing couldn't be worse - as Texas is on the cusp of becoming one of the world's largest hubs for data-centers, with Reuters citing industry forecasts that it could surpass Virginia by 2030 thanks to abundant land, energy, and a business-friendly environment.  In a letter to the Public Utility Commission of...

Turkey Restricts Black Sea Traffic As Drone Attacks On Commercial Vessels Spike Via The Cradle Turkey has begun restricting commercial ship traffic into the Black Sea amid a surge in Russian and Ukrainian attacks on civilian vessels, Bloomberg reported Saturday. Turkiye's Directorate General of Coastal Safety has informed several ships heading to Novorossiysk, an important Russian oil and grain export port, that it is not issuing transit permits at this time and requires more time to review passage applications through the Dardanelles. via Reuters The sources told Bloomberg that Turkish authorities had provided no explanation for the move. Some...

This month marks 55 years since President Richard Nixon closed the “gold window,” severing the last link between the US dollar and gold. Under the 1944 Bretton Woods agreement, foreign countries pegged their currencies to the US dollar, which was then pegged to a fixed value of gold. Foreign countries could exchange their dollars for […]