Belfast unrest spreads for a second day after stabbing attack
Anti-immigrant unrest continued in Belfast on Thursday, with reports of racist attacks, arson and fresh fear among ethnic minority residents. The disorder has spread across parts of the Northern Irish capital after a knife attack earlier in the week, and some families have now been evacuated and are sheltering outside the city. Residents described a climate of intimidation as homes and businesses believed to belong to ethnic minorities were targeted.The unrest is linked to the stabbing case in which a 30-year-old Sudanese national has been charged with attempted murder. The victim, Stephen Ogilvie, remains in hospital with severe injuries to... [Continue Reading]
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US sanctions Cuba's state oil company in latest pressure move
The United States has imposed additional sanctions on Cuba, targeting the state-owned Union Cuba-Petroleo in a fresh move against the island's energy sector. The action was announced on 11 June 2026 and was presented by Washington as part of its wider pressure campaign on Havana's communist government. It comes as Cuba continues to face fuel shortages and blackouts linked to long-running problems in its energy system.US Secretary of State Marco Rubio said the company serves Cuba's "repressive security apparatus" and accused Cuba's Communist leaders of diverting energy resources for their own benefit. He also said the company's assets were "unlawfully... [Continue Reading]
US inflation rises to three-year high as energy costs climb
US consumer prices rose at their fastest pace in three years in May, with inflation reaching 4.2%, according to the Bureau of Labor Statistics. The increase, from 3.8% in April, was driven largely by higher energy costs and petrol prices linked to the war in Iran. It was the third month in a row that the Consumer Price Index has increased, adding to pressure on households and reinforcing concerns about how quickly the shock is feeding through to the wider economy.The latest figures were accompanied by unusually direct political comments from President Donald Trump, who said at the White House... [Continue Reading]
Ukraine strikes deepen fuel crisis in occupied Crimea
Ukraine's sustained drone campaign against Russian-occupied territories is worsening fuel shortages in Crimea and disrupting supply lines used by Russian forces. The peninsula, which Russia annexed in 2014, is facing serious logistical difficulties after recent strikes on a motorway and bridge linking Rostov to Crimea via the occupied port city of Mariupol. Videos and local accounts described long queues at petrol stations across the region, while Moscow-installed authorities have acknowledged that demand cannot currently be fully met.The supporting material says Ukraine has carried out 300 drone strikes on trucks, including 30 tankers, since the start of May, with the campaign... [Continue Reading]
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ECB expected to raise rates as borrowing costs rise across the eurozone
The European Central Bank is expected to announce a 0.25 percentage point rise in its main interest rate on Thursday, taking it to 2.25%. The move would be the first increase since 2022 and would mark a further shift in the bank's response to inflation pressures. It would also feed through quickly to borrowing costs for households and businesses across the eurozone.Christine Lagarde, the ECB president, is expected to set out the decision at the bank's regular policy announcement. The rise is being linked to higher oil costs, which have added to the cost of living and strengthened expectations that... [Continue Reading]
Oil India reports second gas discovery in Andaman offshore basin
State-owned Oil India has reported a second natural gas discovery in the Andaman offshore region, in a development officials say could strengthen the case for further hydrocarbon exploration in the basin. The latest find was made at the Vijayapuram-3 exploratory well, about 15 kilometres off the eastern coast of the Andaman Islands. Union petroleum and natural gas minister Hardeep Singh Puri said the result adds to India's offshore energy prospects and supports wider exploration plans.The discovery was announced on Friday after initial production testing at a depth of more than 1,900 metres in the Eocene formation. According to the minister,... [Continue Reading]
There Is Good in Every Bad
Power, Greed, Oil, and the Theater of Modern Geopolitics The Business Model of Power Donald Trump does not govern like a traditional politician. He governs like a negotiator who believes every geopolitical crisis is leverage, every war threat is a bargaining chip, and every market panic is an opportunity. When markets tremble, someone profits. The question is, who? Global markets react instantly to political tension. Gold rises when conflict looms. Oil spikes when instability threatens production. Stock markets collapse on fear, then rebound on reassurance. Volatility is not chaos, it is opportunity. Historically, gold has surged during major geopolitical crises,... [Continue Reading]

