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Ukrainian President Volodymyr Zelensky will meet with French President Emmanuel Macron in Paris on Monday.On November 29, the Israel Defense Forces (IDF) announced that it had designated a suburb of Bethlehem in the West Bank as a "closed military zone." This followed a violent attack by Israeli settlers that injured several Palestinians. The IDF stated that it received reports of "violent clashes" between Israelis and Palestinians, with both sides throwing stones at each other, and reports of gunfire directed at Palestinians. IDF troops and police were deployed to the scene, using riot control to disperse the crowd and declaring the area a "closed military zone." Several Israelis were injured in the incident but refused medical treatment. Israeli police have launched an investigation.Kuwait Aviation Authority: Kuwait Airways has completed all technical system updates for its Airbus A320 aircraft.On November 29th, the Wall Street Journal reported that last month in Miami Beach, three powerful businessmen—two Americans and one Russian—huddled around a laptop, ostensibly to draft a plan to end the Russia-Ukraine conflict. But according to sources, their project extended far beyond that. Privately, they were devising a path to reintegrate Russias $2 trillion economy into the international arena and allow American companies to reap the benefits before their European competitors. In the mansion, billionaire developer and current U.S. envoy, Witkov, was hosting Dmitriev, head of Russias sovereign wealth fund and Putins handpicked negotiator. Dmitriev practically dominated the drafting and revision of the document on the screen. Trumps son-in-law, Kushner, also arrived from his residence. Dmitrievs plan involved American companies utilizing approximately $300 billion in Russian central bank assets frozen in Europe for joint U.S.-Russian investment projects and a U.S.-led reconstruction effort in Ukraine. American and Russian companies could also collaborate on developing the Arctics rich mineral resources.American Airlines: As of 7 a.m. Central Time, the team has made significant progress in resolving the Airbus software issue, with 4 of the 209 affected aircraft still awaiting the update.

Oil Prices Have Recovered After A Precipitous Decline Due to Fears About China's Consumption

Aria Thomas

Apr 26, 2022 09:56

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Both prices closed around 4% lower on Monday, with Brent falling as high as $7 per barrel during the session and WTI falling about $6 per barrel.


In China, lockdowns in Shanghai to combat COVID have entered their fourth week. Meanwhile, instructions for extensive testing, including in Beijing's major shopping center, have sparked fears of additional lockdowns in the Shanghai manner.


"The impact of Chinese lockdowns is over a million barrels per day, and the testing of 12 districts over the next five days will determine the next significant move in crude prices," stated Edward Moya, a senior market analyst at OANDA.


The US dollar also reached a two-year high on Monday, increasing the price of oil for holders of other currencies.


"Supply concerns are not the major concern of energy dealers, and now you have a surging currency exerting additional pressure on all commodities," Moya of OANDA said.


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