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02.05.26 - 18:18
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Solar booms in industrial US midwest as energy crisis persists (The Guardian)
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Electricity has become one of the most important commodities in the region thanks to demand from datacenters, Iran war and rising utility charges For decades, the only regular visitors to the Twin Lake Reservoir in Lima, Ohio, were fishers passing hot summer evenings trying to snag a largemouth bass.But today, it's a hive of activity. Continue reading......
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02.05.26 - 04:36
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′Government to sustain capex despite West Asia crisis′ (Times of India)
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Despite potential West Asia conflict-induced fiscal strain, the government is committed to prioritizing capital expenditure. Expenditure Secretary Vumlunmang Vualnam affirmed that the entire public spending allocation will be utilized, with a strong focus on highways, railways, shipping, ports, and urban development. This year's budgeted capital expenditure stands at Rs 12.2 lakh crore....
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01.05.26 - 08:31
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Ooredoo CEO: Zero Interruptions Due to Regional Crisis (Bloomberg)
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Qatar telco Ooredoo has kicked off the year with steady growth, reporting 1Q revenue up 6% y/y, in line with analyst estimates while profit climbed 4.7%. Group CEO Aziz Aluthman Fakhroo spoke to Bloomberg's Jennifer Zabasajja on Horizons Middle East and Africa on the numbers and growth strategy despite regional tensions. (Source: Bloomberg)...
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01.05.26 - 00:06
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Rising Venezuelan Oil Exports Help Insulate The US From Energy Crisis (ZeroHedge)
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Rising Venezuelan Oil Exports Help Insulate The US From Energy Crisis
If the primary purpose behind the Trump Administration's snatch-and-grab operation against the illegitimate president of Venezuela, Nicolás Maduro, was not readily apparent in January, it should be crystal clear today. Under Maduro, around 75% of the country's energy exports were going to China. This year, the US will be receiving around 50% of the oil supply while China's share is reduced to 10%.
The stunning shift in the direction of oil shipments is helping to insulate the US from shortages caused by the war in Iran and the closure of the Strait of Hormuz. Likely, this was part of the plan from the very beginning. However, the real benefits of the new relationship with Venezuela will not be readily apparent until the end of this year.
Prices at the gas pump for Americans are high since the start of the war with an average of $4.30 per gallon, but decidedly tame compared to most of Europe. The UK is ...
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30.04.26 - 23:18
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Why Portlands empty store fronts are causing a budget crisis (CNBC)
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Cities in the US are finally seeing easing in office and retail vacancies after years of a post-pandemic crunch in the commercial real estate space. However, for mid-sized cities like Portland Oregon the story is a little different. Empty store fronts, vacant office buildings, and a struggling downtown isn't just an eye sore, its having a real impact on the city's bottom line. CNBC's Diana Olick talks the city's plans to bring foot traffic back to its downtown....
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