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Flash In The Pan Already Burned Out: German Economy Loses Its Hormuz Boost
Flash In The Pan Already Burned Out: German Economy Loses Its Hormuz Boost
Submitted by Thomas Kolbe
That Was a Short-Lived Boom.
After just a few weeks, the special economic effect of the closure of the Strait of Hormuz has already evaporated, according to Germany’s Federal Ministry for Economic Affairs. In its monthly report, the ministry states that energy-intensive sectors and companies in German industry benefited from a massive disruption of supply chains in Asia following the closure — a one-time opportunity to temporarily offset the competitive disadvantages at home by shutting...
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May 12, 2026 / Tyler Durden
UAE Secretly Carried Out Attacks On Iran, Making It An Active Combatant
UAE Secretly Carried Out Attacks On Iran, Making It An Active Combatant
The United Arab Emirates (UAE) has become an active combatant in the Iran war, according to fresh reporting in The Wall Street Journal.
Last week saw the US-Iran ceasefire briefly break down, during which time the US struck some Iranian coastal sites and the Iranians sent drones and missiles on several Gulf states once again. Iran also reportedly tried to attack three American warships carrying out Trump's 'Project Freedom' operations.
But even before this, during the intense missile exchanges of...
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Oct 15, 2026 / Tyler Durden
Bitcoin Will Become "Less Volatile" And Larger Than Gold: 'The Bitcoin Standard' Author
Bitcoin Will Become "Less Volatile" And Larger Than Gold: 'The Bitcoin Standard' Author
Authored by Zoltan Vardai via CoinTelegraph.com,
Saifedean Ammous, the author of the 2018 academic book "The Bitcoin Standard," said that Bitcoin already functions as a medium of exchange and that volatility's effect on that is likely to diminish.
Bitcoin (BTC) can serve as a medium of exchange as it becomes less volatile than gold while surpassing the market capitalization of the largest precious metal, wrote Ammous in a Tuesday X post.
"Holding Bitcoin is using Bitcoin as money, and its...
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May 11, 2026 / Tyler Durden
US To Develop Small Modular Nuclear Reactors For Commercial Shipping
US To Develop Small Modular Nuclear Reactors For Commercial Shipping
Authored by Naveen Athrappully via The Epoch Times (emphasis ours),
The United States is seeking to develop small modular nuclear reactors (SMR) for commercial vessels that would potentially bring down shipping costs, the Department of Transportation (DOT) said in a May 7 statement.
Transportation Secretary Sean Duffy speaks at a press conference at LaGuardia Airport in New York City on Oct. 28, 2025. Michael M. Santiago/Getty Images
The initiative, launched by DOT Secretary Sean P. Duffy and the Maritime Administration (MARAD), has issued...
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