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News & Articles By Arsenio Toledo
11/21/2022
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By Arsenio Toledo
ENERGY REDIRECTED: Two-thirds of Russian seaborne oil exports are now going to Asia
Two-thirds of all Russian seaborne oil exports are now heading to Asian countries as the country continues to divest itself from relying on the European oil trade. Before the European Union (EU), the United States and their allies imposed sanctions on Russia over the country’s special military operation in Ukraine, seaborne crude oil deliveries to Asia accounted […]
11/18/2022
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By Arsenio Toledo
Democrats SCRAMBLING to hide evidence linking them to former FTX CEO Sam Bankman-Fried
The Democratic Party is scrambling to hide all of the evidence linking the party to one of its megadonors – former FTX CEO Sam Bankman-Fried – as accusations arise that he helped them launder money for Ukraine. Bankman-Fried has been in the news recently for losing almost all of his $16 billion fortune following a liquidity crisis that affected […]
11/18/2022
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By Arsenio Toledo
Ukraine’s missile strike into Poland a “provocation” against government in Warsaw, warns Polish politician
A Polish politician believes the Ukrainian missile that struck his country was a “provocation” by Kyiv. On Nov. 15, a missile struck southeastern Poland, near the border with Ukraine, killing two Polish citizens. Jaroslaw Pakula, chairman of the city council of Lublin in southeastern Poland, believes that the strike clearly came from Ukraine and was […]
11/17/2022
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By Arsenio Toledo
Head of France’s main electricity grid operator warns energy shortages will force nation to ration electricity this winter
The president of France’s main electricity grid operator recently warned that energy shortages are very likely to occur during the winter and France will be forced to ration its electricity to survive. Xavier Piechaczyk, president of Reseau de Transport d’Electricite (RTE), the country’s largest electricity transmission system operator, said the country is experiencing prolonged issues […]
11/17/2022
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By Arsenio Toledo
FedEx’s freight unit to begin furloughing employees next month due to reduced demand for delivery services
Transportation giant FedEx’s less-than-truckload delivery division, FedEx Freight, has announced that it will start furloughing an unannounced number of drivers starting early December due to the massive drop in demand for delivery services. According to FedEx, the furloughs for FedEx Freight, which employs approximately 47,000 people, are scheduled to last for around 90 days, during […]
11/15/2022
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By Arsenio Toledo
US-EU price cap on Russian oil threatens India’s crude imports and economic growth
India is about to lose its access to Russian oil exports if the United States and its European allies push through with a plan to force Russia to only sell crude oil at a capped price while under sanctions. In 2021, India imported 214 million metric tons (235.9 million tons) of crude oil, making it […]
11/15/2022
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By Arsenio Toledo
30-year fixed mortgage rate surges above 7% as the Fed continues to raise interest rates
Mortgage rates have gone over seven percent once again as the real estate market reacts to the latest interest rate hike from the Federal Reserve, with both buyers and sellers withholding participation in the economy amid financial volatility. The national average interest rate on a 30-year fixed mortgage currently sits at 7.08 percent, up from […]
11/14/2022
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By Arsenio Toledo
Indian state no longer distributing vaccine for tick-borne disease after investigation finds it virtually ineffective
A state in India is no longer distributing a vaccine developed to deal with a deadly endemic disease after an investigation found its efficacy waned almost immediately after the shot. In the southern regions of India, the Kyasanur Forest disease (KFD) infects between 400 to 500 people each year during the November to May disease […]
11/10/2022
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By Arsenio Toledo
New York bans most civilians from wearing bulletproof vests
New York Gov. Kathy Hochul has banned most state residents from buying bulletproof vests for civilian use with very few exceptions. The law, which went into effect on July 6, banned all state residents “not engaged or employed in an eligible profession” from purchasing, owning, selling, exchanging, giving away or personally disposing of body armor. The […]
11/10/2022
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By Arsenio Toledo
Report: Crypto exchange Binance still serving Iranian clients, allowing them to trade despite sanctions
Cryptocurrency exchange Binance has been aiding Iranian firms to circumvent American sanctions intended to cut Iran off from the global economy by processing nearly $8 billion worth of transactions since 2018. With over 120 million users, Binance is the world’s largest platform for exchanging cryptocurrency assets with fiat money or even with physical assets like gold and […]
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