UK Introduces New Financial & Trade Sanctions Against Russia

On 1 March 2022 the UK introduced new financial and trade sanctions against Russia. The Russian (Sanctions) (EU Exit) (Amendment) (No. 3) Regulations 2022 expands the scope of the existing prohibitions on the...

Biden Puts Pressure On US Shale Producers

  The Biden administration is also pressuring domestic shale producers to do “whatever it takes” to increase supply and help lower oil prices. But oil executives cited significant challenges on the industry’s ability to...

ZIM Makes Strong 2022 Forecast After $4.65bn 2021 Profit

The company’s $4.65bn profit is a record high, up 787% from 2020’s $524m in 2021. The result comes from an adjusted EBITDA of $6.60bn and adjusted EBIT of $5.82bn. ZIM forecast an adjusted EBITDA...

This Chip Tech Will Power Your PC in 2025

  Intel on Thursday showed a silicon wafer studded with chips built with a manufacturing process that's set to arrive in 2025, a signal intended to reassure customers that the company's years of chip manufacturing...

Ukraine’s Use Of Missiles Is Outstripping U.S. Production

The Russian invasion of Ukraine is reinforcing the value of simple, shoulder-fired missiles. As Western arsenals empty their stockpiles, flowing some 17,000 “fire-and-forget” missiles into Ukraine, the small rockets risk being consumed faster than...

Drug-resistant Mutation in The Covid-19 Virus Uncovered

Australian virologists have uncovered a drug-resistant mutation in the Covid-19 virus associated with the drug sotrovimab and say without the monitoring of patients given the treatment the mutated virus could spread in the community,...

Covid Targets The Elderly Again!

Covid cases appear to be rising in older people as increased socialising, waning immunity and a more transmissible version of the Omicron variant threaten to fuel a resurgence of the virus, reports The Guardian. Decrease...

Oil Workers on Foreign-flagged Ships Are in the ‘Clutches’ of Corps.

Oil workers on foreign-flagged ships are at the mercy of corporations, reports WWNO. Hurricane Ida As Hurricane Ida zeroed in on Louisiana, Howell McIntyre was trapped nearly 100 miles offshore aboard a 620-foot drillship named the...

ENI Halts Russian Oil Trade

Eni joins Shell and BP in halting Russian oil purchases Move comes after US bans imports and Europe seeks phase out Eni says will honor decisions of European and Italian institutions Italian energy major...

Crew Change Progress As International Flights Resume Post Pandemic

Crew travel specialists are breathing easier with key seafarer nations opening up their skies for more planes as Covid restrictions ease, reports Splash247. International flights resume after pandemic  India will resume scheduled international flights from March...