Recent Posts

Austria releases oil stocks after refinery malfunction

A technical issue at oil giant OMV’s Schwechat refinery on Saturday forced the government to release strategic gasoline stocks while OMV considers what to do about its investments in Russia. The government announced a release of 112,000 tonnes of petrol and 56,000 tonnes of diesel. The release will cover a …

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Food Security Now Top Priority For G20 Cooperation

In just over two months, the world food situation has gone from bad to worse. Calls to not panic fell on deaf ears, even as the Ukrainian military put up stiff opposition to the Russian onslaught. If Ukraine somehow wins the war, it will be decades before its economy and …

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Who needs a hegemon?

Since the dissolution of the Soviet Union at the end of 1991, the US has been able to exert tremendous influence on other nations through its military and economic power. The world no longer was bipolar with the US and the Soviet Union competing for leadership. Instead, it has been …

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