OPEC snubs Trump’s demand to up production at meeting of major oil producers
Sep24

OPEC snubs Trump’s demand to up production at meeting of major oil producers

A possible boost in oil production was not discussed at a recent meeting between OPEC and other major oil producing nations, following earlier demands by US President Donald Trump that oil output be increased to bring prices down. Hosted in Algiers, Sunday’s meeting was a gathering of the Joint Ministerial Monitoring Committee (JMMC) of members from the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil...

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Artificial intelligence could spur global growth as much as steam engine did – report
Sep10

Artificial intelligence could spur global growth as much as steam engine did – report

A new study by McKinsey Global Institute suggested that artificial intelligence (AI) could boost annual GDP growth by 1.2 percent for at least the next decade. According to the institute’s simulation model, about 70 percent of the world’s companies will adopt at least one form of AI by 2030. Overall, AI could deliver $13 trillion in additional global economic activity within the next decade and its impact could be comparable to the...

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Julian Assange’s associate cyber security expert mysteriously missing in Norway
Sep03

Julian Assange’s associate cyber security expert mysteriously missing in Norway

Police in Norway are looking into the disappearance of Arjen Kamphuis, a Dutch citizen with links to WikiLeaks founder Julian Assange. Versions on Twitter have ranged from a hiking incident, to a secret assignment, to a CIA hit. Kamphuis, a cyber security expert and co-author of a handbook for investigative journalists on how to keep themselves and their work safe from government spying, has been missing since August 20th, when he...

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China could build world’s longest tunnel link to Taiwan
Aug13

China could build world’s longest tunnel link to Taiwan

While its opponents are investing in wars, Beijing is investing in infrastructure. China seeks to build a tunnel that would connect its mainland with Taiwan. If realized, shuttle trains would run through a 135km undersea section of the tunnel at up to 250kph by 2030 from China to Taiwan, which Beijing considers a renegade province rather than an independent state. The gigantic project would be dug under the ocean, at a depth of 200...

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Is this the end of ultra cheap gasoline in Venezuela?
Aug06

Is this the end of ultra cheap gasoline in Venezuela?

As the economic crisis continues to deepen, Venezuela’s President Nicolas Maduro is promising a new policy on gasoline (the world’s cheapest)— which is currently generously subsidized by the socialist regime. Maduro promised earlier this week to roll out a new plan to ease the economic crisis and hyperinflation in a televised address to the nation that was delayed because of an hours-long blackout in the capital Caracas. Although...

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