Shipping Companies Face US Sanctions for Violating Russian Oil Price Cap
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Shipping Companies Face US Sanctions for Violating Russian Oil Price Cap
Shipping Companies Face, US Sanctions for Violating , Russian Oil Price Cap.
On October 12, the United States Treasury Department
announced that it has approved sanctions on two
companies that violated a multinational price cap.
On October 12, the United States Treasury Department
announced that it has approved sanctions on two
companies that violated a multinational price cap.
ABC reports that the U.S., the European Union,
and other countries in the G7 agreed to
impose a $60-a-barrel limit in 2022.
.
The move was an attempt to reduce
the Kremlin's revenue stream for
funding Russia's war on Ukraine.
.
According to the Treasury Department,
the two companies facing sanctions are
based in the United Arab Emirates and Turkey.
.
ABC reports that Lumber Marine,
an Emirates-based company, shipped
Russian oil priced above $75 a barrel.
.
In a separate incident, a Turkey-based company,
Ice Pearl Navigation, reportedly carried
Russian oil priced at $80 a barrel.
The sanctions will block the companies' access to
any U.S. property or financial interests, while also
preventing them from conducting any U.S. business.
The Biden administration has stressed the success
of the price cap, citing a 45% reduction in Russian
oil tax revenue since it was put into place.
ABC reports that an unnamed senior treasury official
said that Russia has attempted to build an alternative
shipping network in response to the price cap.
.
ABC reports that an unnamed senior treasury official
said that Russia has attempted to build an alternative
shipping network in response to the price cap.
.
The official reportedly added that enforcing the cap
will serve to further increase Russia's oil industry costs
to reduce funds available for its war efforts in Ukraine.
.
The official reportedly added that enforcing the cap
will serve to further increase Russia's oil industry costs
to reduce funds available for its war efforts in Ukraine.
US Tech Firm to Pay $38,000 in Penalties , After Posting Job Ad for ‘Whites Only’.
In March 2023, Virginia tech firm Arthur Grand Technologies posted a discriminating job ad on Indeed.com, 'The Guardian' reports. .
The ad read, "Only U.S. Born Citizens [white] who are local within 60 miles from Dallas.".
"[Don't share with candidates]," it added.
The ad quickly found attention on
social media and via numerous news outlets.
Within two months of being posted, the Department of Justice's civil rights division launched an investigation into the company. .
On May 23, Arthur Grand Technologies
agreed to pay over $38,000 in penalties.
$7,500 will go to the U.S. Treasury,
and $31,000 will be awarded to those
who filed discrimination complaints.
$7,500 will go to the U.S. Treasury,
and $31,000 will be awarded to those
who filed discrimination complaints.
The company will also be required to
"train its workers on the Immigration and Nationality Act," 'The Guardian' reports. .
Arthur Grand CEO Sheik Rahmathullah "vehemently denies any guilt or wrongdoing in relation to the discriminatory job posting," instead blaming a disgruntled employee.
Upon discovering this, we took
immediate and decisive action to
ensure that this type of incident
will never happen again, including
the immediate termination of
the responsible employee, Arthur Grand CEO Sheik Rahmathullah, via statement
Credit: Wibbitz Top Stories Duration: 01:30Published
Pat Sajak is NOT coming out of a short-lived retirement to host the upcoming "Celebrity Wheel of Fortune" season -- instead, this was always in the cards ... TMZ.. TMZ.com
ABC brass did NOT threaten to take "Good Morning America" anchor George Stephanopoulos off the air if he didn't apologize for taking a dig at President Biden's.. TMZ.com
Mortgage Rates Continue , to Fall, Raising Hopes of the , Fed Cutting Rates.
ABC reports that borrowing costs for
home loans continued to ease this week,
with the average rate on a 30-year mortgage
falling to its lowest level since April.
According to mortgage buyer
Freddie Mac, the rate fell from
6.95% to 6.87% last week. .
That figure is still significantly higher than
what the rate was during the same time last year,
which was at an average of 6.67%. .
15-year fixed-rate mortgages
also eased, falling from
6.17% last week to 6.13%. .
During the same time last year,
the average rate was at 6.03%.
Those higher rates can add hundreds of dollars
to monthly costs for borrowers, which limits the
purchasing options of potential homebuyers.
Mortgage rates fell for
the third straight week
following signs of cooling
inflation and market
expectations of a
future Fed rate cut, Sam Khater, Freddie Mac’s chief economist, via ABC.
ABC reports that rates are influenced by a number
of factors, including the Federal Reserve's interest
rate policy and the 10-year Treasury yield.
ABC reports that rates are influenced by a number
of factors, including the Federal Reserve's interest
rate policy and the 10-year Treasury yield.
Due to yields also beginning to ease, the Federal
Reserve could start to drop its main interest rate
after hiking it up to the highest level in over 20 years.
Last week, Fed officials suggested that they would make
just one cut to their benchmark interest rate in 2024,
down from previous projections of three cuts for the year.
Credit: Wibbitz Top Stories Duration: 01:31Published
Surge of New Applications for , Unemployment Benefits , May Signal Cooling Job Market.
Last week, the number of people in the
United States filing for unemployment benefits
reached the highest level in ten months last week. .
ABC reports that the news comes as a potential
sign that the U.S. labor market may be slowing
under the burden of high interest rates. .
The week ending June 8 saw
applications for jobless benefits
rise by 13,000 to reach 242,000. .
According to Labor Department
data, that is up from 229,000 new
applications the week before.
The number also represents the highest
number of new applications since August
of 2023, while also being significantly higher
than the 225,000 new claims forecast.
ABC reports that weekly unemployment claims have
lingered at historically low levels since millions of
jobs disappeared with the COVID-19 pandemic.
ABC reports that weekly unemployment claims have
lingered at historically low levels since millions of
jobs disappeared with the COVID-19 pandemic.
Since March of 2022, the Federal Reserve has raised
benchmark rates 11 times in an attempt to reign in
inflation which has risen to a four-decade high.
While the latest data suggests that consumer
inflation cooled in May, the Federal Reserve
has decided to leave rates at a 23-year high.
According to Fed Chair Jerome Powell, officials
are waiting for more evidence that prices
are reaching their target of two percent.
ABC reports that a total of 1.82 million
Americans were collecting unemployment
benefits in the week ending June 1. .
ABC reports that a total of 1.82 million
Americans were collecting unemployment
benefits in the week ending June 1.
Credit: Wibbitz Top Stories Duration: 01:30Published
T-Mobile Announces Deal , to Acquire Most of , U.S. Cellular .
T-Mobile Announces Deal , to Acquire Most of , U.S. Cellular .
On May 28, T-Mobile announced that
it will acquire most of competitor
U.S. Cellular in a massive $4.4 billion deal.
ABC reports that the deal would give T-Mobile,
already one of the largest wireless providers in
the United States, an additional 4 million customers.
ABC reports that the deal would give T-Mobile,
already one of the largest wireless providers in
the United States, an additional 4 million customers.
The deal will also see T-Mobile acquire
hundreds of brick-and-mortar stores
and a wider presence in rural areas.
The deal will also see T-Mobile acquire
hundreds of brick-and-mortar stores
and a wider presence in rural areas.
The acquisition will also expand T-Mobile's
spectrum rights, a federal license permitting
the transmission of mobile signals.
According to T-Mobile, the deal
is expected to close sometime
in the middle of 2025.
As customers from both
companies will get more
coverage and more capacity
from our combined footprint,
our competitors will be forced
to keep up -- and even more
consumers will benefit, Mike Sievert, CEO of T-Mobile, via ABC.
As customers from both
companies will get more
coverage and more capacity
from our combined footprint,
our competitors will be forced
to keep up -- and even more
consumers will benefit, Mike Sievert, CEO of T-Mobile, via ABC.
T-Mobile added that U.S. Cellular
will retain control of a portion of the
company's spectrum rights and cellular towers. .
According to T-Mobile, the deal will provide
customers with more competitive options to the
two largest U.S. wireless carriers: Verizon and AT&T.
According to T-Mobile, the deal will provide
customers with more competitive options to the
two largest U.S. wireless carriers: Verizon and AT&T.
By tapping into the additional
capacity and coverage created
through the combined spectrum
and wireless assets, T-Mobile
will spur competition, T-Mobile statement, via ABC.
The news comes after a series of
acquisitions for T-Mobile aimed at
accelerating the wireless provider's growth
Credit: Wibbitz Top Stories Duration: 01:31Published
Ukraine’s top commander, Aleksandr Syrsky, is reportedly ready to lay down arms and capitulate to Russia, according to a claim made by a lawmaker from President Vladimir Zelensky’s party. The claim was made by MP Mariana Bezuglaya from the ‘Servant of the People’ party, who is also the deputy chair of the National Security, Defense, and Intelligence Committee.
Syrsky, who became Ukraine’s highest-ranking general in early February, succeeded Valery Zaluzhny, the former general who oversaw last year’s unsuccessful attempts to repel Russian forces. Bezuglaya accused Syrsky and Zaluzhny of secretly colluding to prevent a Ukrainian victory, stating that the two generals belong to a “generals’ mafia” that is more interested in protecting their own privileges than in defeating Russia.
#Zelensky #Putin #Ukraine #AleksandrSyrsky #Russia #Surrender #TopCommander #MilitaryConspiracy #ZelenskyGovernment #UkraineConflict #NationalSecurity #DefenseIntelligence #PoliticalTurmoil #InternalDivisions #RussianAggression #MilitaryStrategy
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Turkish President Erdogan strongly criticized the US and Israel over the Gaza conflict during a NATO summit in Washington. He accused Israel of war crimes and the US of complicity, calling for sanctions against Israel. Erdogan also commented on the Ukraine conflict, suggesting Western approaches may be worsening the situation. His statements highlight tensions within NATO and differing perspectives on international conflicts. Erdogan warns that current approaches could lead to larger.
#TurkishPresident #RecepTayyipErdogan #US #Israel #NATO #ErdoganPalestine #IsraelGazawar #Gazawarlive #Worldnews #Oneindia #Oneindianews
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Prime Minister Sir Keir Starmer meets with his Turkish counterpart Recep Tayyip Erdogan during the 75th anniversary NATO Summit in Washington DC. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Netherlands came back in the second half thanks to a De Vrij header and a Turkey own goal. They'll be facing England in the semifinal, who beat Switzerland 5-3 on penalties in the earlier Saturday tie.
Credit: euronews (in English) Duration: 00:49Published
Vladimir Putin, the President of Russia, engaged in a series of bilateral meetings during the Shanghai Cooperation Organisation summit in Kazakhstan. He met with Xi Jinping, President of the People's Republic of China, emphasising strong ties. Putin also discussed trade and cooperation in energy and agriculture with Turkish President Recep Tayyip Erdogan. Additionally, he held talks with Pakistan's Prime Minister Shehbaz Sharif, highlighting economic collaboration. Putin concluded by meeting with Kazakhstan's President Kassym-Jomart Tokayev ahead of the SCO Heads of State Council meeting in Astana on July 4th.
#Putin #XiJinping #Erdogan #Pakistan #RussiaUkraineConflict #SCOsummit #GlobalDiplomacy #InternationalRelations #Astana #Kazakhstan #SCO2024 #Geopolitics #DiplomaticRelations #WorldLeaders #GlobalStage
~HT.97~PR.114~ED.118~
Climate change has heightened the risk of forest fires and wildfires in Europe. EU agencies are cooperating across borders and using artificial intelligence to predict and prevent disasters.
Credit: euronews (in English) Duration: 01:41Published
A four-year-old Gazan girl with an ultra-rare genetic disorder has finally been evacuated from Gaza - but has since suffered a huge seizure in hospital in the.. Sky News
The Tan Tan Season Carnival, chaired by Mohamed Fadel Ben Yaich and attended by UAE representatives and local officials, celebrated cultural diversity and heritage in Morocco’s southern provinces.
Credit: euronews (in English) Duration: 01:00Published
Ukraine and Russia , Conduct Major Prisoner Swap.
Ukraine and Russia , Conduct Major Prisoner Swap.
The prisoner exchange was announced
on May 31, Reuters reports.
The prisoner exchange was announced
on May 31, Reuters reports.
It's been nearly four months since any prisoners have been released.
It's been nearly four months since any prisoners have been released.
150 people were freed in this exchange.
The United Arab Emirates
(UAE) mediated negotiations.
Ukraine's Coordinating Committee on Dealing with Prisoners of War issued a statement.
Ukraine's Coordinating Committee on Dealing with Prisoners of War issued a statement.
After a long pause, another prisoner
swap took place: 75 defenders and
civilians were released from
the enemy's captivity, Ukraine's Coordinating Committee on
Dealing with Prisoners of War, via statement.
The bodies of 212 Ukrainian soldiers
were also delivered home.
The bodies of 212 Ukrainian soldiers
were also delivered home.
75 Russians were returned as well. .
19 Ukrainian defenders of Snake Island
were included in the exchange.
The group became a symbol of Ukraine's strength and defiance during the onset of the war
Credit: Wibbitz Top Stories Duration: 01:30Published
White House Press Secretary Karine Jean-Pierre has denounced recent viral videos depicting US President Joe Biden as confused at public events, labelling them as “cheap fakes.” Her comments follow the spread of several clips on social media, which have ignited debates about the president's mental fitness. In one widely shared video, President Biden appears to struggle with sitting down during a D-Day memorial event in France. Commenters suggested he seemed “completely lost” or experiencing “some kind of episode.” Another clip from a G7 meeting in Italy shows Biden wandering away from the group during a skydiving demonstration, only to be guided back by Italian Prime Minister Giorgia Meloni.
#JoeBiden #WhiteHouse #ViralVideos #CheapFakes #Deepfakes #KarineJeanPierre #FakeNews #ManipulatedMedia #PoliticalAttacks #MentalHealth #G7Summit #DdayMemorial #Juneteenth #MediaManipulation #USPolitics
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In a recent statement, Ukrainian President Volodymyr Zelensky has firmly rejected the peace terms proposed by Russian President Vladimir Putin, labeling them as an ultimatum. During a meeting with senior Russian Foreign Ministry officials, Putin demanded that Ukraine cede four regions that voted to join Russia and guarantee it will never join NATO. Zelensky, attending the G7 meeting in Italy, emphasized that these demands are unacceptable and tantamount to surrender. The Kremlin, however, described the offer as a comprehensive and constructive proposal. As the conflict continues, the gap between Moscow's demands and Kiev's position remains wide, with peace still a distant hope.
#Zelensky #Putin #Ukraine #Russia #PeaceTalks #G7 #Conflict #NATO #Geopolitics #InternationalRelations #NewsUpdate #RussiaUkraineWar
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The pontiff brought his moral authority to bear on the Group of Seven, invited by host Italy to address a special session on the perils and promises of AI.
Credit: euronews (in English) Duration: 02:46Published
Prime Minister Shri Narendra Modi paid tributes at the ‘Tomb of the Unknown Soldier’ in Moscow today. He also laid a wreath at the Tomb. The ‘Tomb of the Unknown Soldier’ is a war memorial located at the Kremlin wall, Moscow. It is dedicated to the Soviet soldiers who lost their lives during World War II.
#PMModi #ModiInMoscow #TombOfUnknownSoldiers #UnknownSoldiersTomb #PMModiPaysTributeToTheMartyrs #IndianDiaspora #VladimirPutin #IndiaRussiaRelations #ModiPutinMeet #Diplomacy #GlobalIndia #IndianCommunity #CulturalExchange #BilateralTies #InternationalRelations #IndiansAbroad #ModiInRussia #IndiaRussiaFriendship
~PR.274~ED.194~GR.125~HT.96~
In a statement ahead of his departure to Moscow, Modi noted that ties between the two countries have advanced over the past decade, including in the areas of energy, security, trade, investment, health, education, culture, tourism, and people-to-people exchanges. “I look forward to reviewing all aspects of bilateral cooperation with my friend President Vladimir Putin and sharing perspectives on various regional and global issues,” he said. “We seek to play a supportive role for a peaceful and stable region. The visit will also provide me an opportunity to meet the vibrant Indian community in Russia.”
#ModiPutinSummit #Geopolitics #IndiaRussiaRelations #ModiInMoscow #KremlinWatch #USNATOJealousy #GlobalDiplomacy #BilateralTalks #StrategicPartnership #DefenseCooperation #EnergySecurity #TradeInvestment #WorldPolitics #WesternScrutiny #PeacefulRegion
Ministers from around the world attended the Russian Energy Week international forum and shared their takes on today's affairs in the energy sector.
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