Against the backdrop of generally mild weather in the Lower 48, winter unleashed its fury on the West Coast earlier this season. Freezing temperatures and unusually heavy rainfall have fueled demand for natural gas at a time when storage inventories are low, a the drought has reduced hydroelectric power supplies, and regional utilities are struggling …
The market is nearing the end of its current stage in the 10-month plan to transition to a nonprofit organization. CLEVELAND — On Tuesday evening, West Side Market Advisory Board and Consultant Ted Spitzer, spearheading the 10-month master plan to transition the market to non-profit ownership, finalized the mission, vision and values of Cleveland Public …
A general view shows the Lukoil oil refinery in Volgograd, Russia, on April 22. (Reuters) Estimated reading time: 5-6 minutes MOSCOW — Most Russian crude oil exports to Europe are now banned, marking the West’s boldest ever effort to put financial pressure on President Vladimir Putin as his brutal war in Ukraine enters his tenth …
The West has just jammed the oil market. The rest depends on Russia Read More »
The oil embargo, decided at the end of May, entered into force on Monday in the European Union. It was accompanied by a new price cap for Russian crude set by the G7 countries. This is intended to limit Kremlin revenue while allowing countries like China and India to continue buying Russian oil, provided they …
The West has just jammed the oil market. The rest depends on Russia Read More »
(Bloomberg) — The war in Ukraine reinforces the role of Asia and the Middle East as the world’s main suppliers of fuels like diesel and gasoline that are crucial to the global economy. Bloomberg’s Most Read As Europe and the United States seek to reduce their dependence on Russian petroleum products, they face a supply …
Putin’s war makes the West more dependent than ever on Asian fuel Read More »
London CNN Business — Ukraine’s allies want to put a price cap on Russian oil. But there’s a problem: they can’t agree on a figure that would put pressure on the Kremlin. The biggest Western economies agreed earlier this year to cap the price of Russia’s most valuable export and pledged to work out the …
West struggles to set oil price cap that hurts Russia | CNN Business Read More »
How many venture capital funds can you name where the three partners all had babies while raising funds, have deep ties in Asia as well as Europe and the United States, and include actress Anne Hathaway as an LP? Not much that I would risk. But that’s the profile of Pact, a new Seed VC …
Anne Hathaway backs Pact, an all-female VC for mission-driven startups, West to East Read More »
Boston, United States – FTX used to be one of the largest cryptocurrency exchanges in the world – until earlier this month it collapsed within days. In the wake of the collapse of Sam Bankman-Fried’s crypto empire, increased government oversight and calls for tougher regulation threaten to spell the end of the freewheeling Wild West …
‘Betrayed’: FTX Collapse Signals End Crypto’s ‘Wild West’ Days Read More »
MUSKEGON — A new branch under construction in Muskegon will become the fifth location in the waterfront market for Community Choice Credit Unionwhich plans to expand its presence in western Michigan in the coming years. Community Choice, based in Farmington Hills, wants to expand further in the area by forming new partnerships or acquiring smaller …
Community Choice CU eyes continued expansion in West Michigan market Read More »
gRand Rapids-area employers have raised wages an average of 5.2% this year, an amount that exceeds historic norms as companies adjust wages to attract and retain people in an extremely tight labor market. The wage increases for 2022 compare to the average wage increases of 4.4% granted by employers in the region in 2021 across …
As Job Seeker Market Lingers, West Michigan Employers Raise Wages to Stay Competitive Read More »
