Oil output cuts on the table ahead of Russian sanctions

OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy. Bloomberg | Bloomberg | Getty Images OPEC and non-OPEC oil producers could impose deeper oil output cuts on Sunday, energy analysts said, as the influential energy alliance weighs the … Read more

G-7 joins EU on $60-per-barrel price cap on Russian oil

WASHINGTON (AP) – The Group of Seven nations and Australia joined the European Union on Friday in adopting a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market. to prevent price spikes and starve President Vladimir Putin of funding for his war in Ukraine. Europe … Read more

US adds Russian mercenary firm Wagner Group to entities of concern under the International Religious Freedom Act

CNN – The Biden administration is adding the Wagner Group, an infamous private Russian military firm, to the list of Entities of Particular Concern under the International Religious Freedom Act “based on its actions in the Central African Republic,” US Secretary of State Antony Blinken said on Friday. In addition, Cuba and Nicaragua were added … Read more

The Risks of a US-China Accidental Conflict Are Rising

About the author: Stephen Roach is a senior fellow at the Paul Tsai China Center of the Yale Law School. It has been a rough stretch for the few of us who have been dubbed congenital China bulls. It’s not just the mounting protests over an absurdly impractical “zero-Covid” policy. Nor is it the long … Read more

AP sources: Biden tells Dems he wants SC as 1st primary vote

WASHINGTON (AP) – President Joe Biden has declared that Democrats should give up “restrictive” caucuses and prioritize diversity at the beginning of their presidential primary calendar — dealing a major blow to Iowa’s decades-long status as the state that leads off the process. In a letter Thursday to the rule-making arm of the Democratic National … Read more

Biden sees economy avoiding recession, but risks remain

WASHINGTON (AP) – President Joe Biden assured Americans on Friday that the US economy is chugging along in the holiday season, but the very strength of a new jobs report showed that high inflation remains a recession threat. At the White House, the president signed an emergency bill to avert a rail strike that he … Read more

5 things to know for Dec. 2: Trump, Rail strike, Student loans, China protests, NASA

CNN – Tesla delivered its first electric Semi trucks to customers this week, five years after the prototype was first unveiled. And considering the automaker’s fascination with distinct designs, the truck’s unusual interior comes as no surprise. Here’s what else you need to know Get Up to Speed ​​and On with Your Day. (You can … Read more

Another race row has engulfed Buckingham Palace. Does the monarchy have a racism problem?

London CNN – Britain’s royal hierarchy has changed dramatically in the past several weeks, after King Charles III became the country’s first new monarch for seven decades and several of his relatives stepped into new roles. But there is a troubling familiarity to the first major crisis to grip the newly reorganized institution. The royals … Read more

Macron arrives at the White House for the first state visit of the Biden administration

CNN – US President Joe Biden is taking part in a flurry of events as part of his first state visit since taking office, welcoming the arrival of French President Emmanuel Macron and his spouse, Brigitte Macron, on Thursday. The Macrons’ trip to the White House marks their second time as the guests of honor … Read more

Emmanuel Macron arrives in DC at a key moment in France-US relations

CNN – When President Joe Biden and French President Emmanuel Macron walked into a small holding room on the margins of the Global Fund conference in New York this fall, their aides had only allotted 10 minutes for the two men to briefly touch base. But sitting in the cramped room at 538 Park Avenue … Read more