European Carbon Nears Record High as Compliance Deadline Looms
Benchmark front-month futures dropped as much as 6.2% to €48.78 a megawatt-hour, the lowest intraday level since Aug. 31, 2021. The contract has lost about 35% so far this year, but is still about double the usual levels for this time of year.
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Business Maverick: China warns of retaliation against US over balloon sagaChina warned that it will retaliate against the US over violations of its sovereignty, potentially escalating the lingering balloon dispute just as top diplomats from both nations plan to attend a security conference in Germany. Absolutely stunning amnesia by the US which claims it is under attack by China. One can only marvel in awe at such jaw dropping hypocrisy.
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Business Maverick: US concerned Iran and others aiding Russia to secure chipsRussia continues to access foreign chips and technology through intermediaries like Iran, a senior US official responsible for regulating exports said. Because corporate fascist USA empire think they can forever rule the world. Axis of evil just keep on expanding…
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Business Maverick: World Bank chief Malpass to leave, creating Biden openingWorld Bank president David Malpass said he plans to step down by the middle of this year, giving the Biden administration an opening to pick someone to carry out its goal of overhauling the global development lender to focus more on fighting climate change.
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Business Maverick: Zambia President Slams ‘Black Mamba Kiss of Death’ Lending RatesZambian President Hakainde Hichilema slammed the “suicidal” interest rates on his nation’s foreign debt and said reductions to its principal are needed, a demand that may set up a showdown with Chinese lenders.
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Business Maverick: US Producer Prices Exceed Forecast in Biggest Gain Since JuneUS producer prices rebounded in January by more than expected, underscoring persistent inflationary pressures that could push the Federal Reserve to pursue further interest-rate increases in the months ahead.
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Business Maverick: Bitcoin Tops $25,000 as Crypto Looks Past Regulatory WoeA rally in Bitcoin took the token above $25,000 for the first time since August amid broad gains in crypto markets as investors shook off concerns about a US regulatory clampdown.
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