
Sanctioned Russian Arctic LNG Plant Is Using New Production Line
Russia's newest liquefied natural gas plant in the Arctic has begun using a second production line, even as the facility remains under stifling Western restrictions.
Arctic LNG 2, a flagship project for the Kremlin, shut large-scale production in October as sanctions discouraged overseas demand and ice buildup made it difficult for ships to arrive. While the plant managed to dispatch several shipments last summer, none found buyers.
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Bloomberg
8 hours ago
- Bloomberg
LNG Tanker Leaves Sanctioned Russian Plant Bound for Murmansk
A liquefied gas tanker, which docked at Russia's sanctioned Arctic LNG 2 plant last week, appears to have left the facility and is heading toward the northern port of Murmansk, according to ship-tracking data on the Bloomberg terminal. The Iris, previously known as North Sky and blacklisted by the US as well as the UK and the EU as part of Russia's shadow fleet, moored at Arctic LNG 2 early Friday and remained at the terminal for around two days, the data shows.
Yahoo
2 days ago
- Yahoo
Top EU official says ‘Trump is right' that China is a ‘serious problem' that threatens us all — here's why
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. European Commission President Ursula von der Leyen hasn't shied away from criticizing U.S. President Donald Trump — especially when it comes to his sweeping tariffs. But lately, the two have aligned on a shared concern: China. 'When we focus our attention on tariffs between partners, it diverts our energy from the real challenge — one that threatens us all,' von der Leyen said during the 'Global economic outlook' roundtable at the G7 Leaders' Summit in Kananaskis, Alberta. 'On this point, Donald is right — there is a serious problem,' she admitted. 'The biggest collective problem we have has its origins in the accession of China to the WTO in 2001 … China has largely shown ... unwillingness to live within the constraints of the rules based international system.' Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 4 of the easiest ways you can catch up (and fast) You don't have to be a millionaire to gain access to this $1B private real estate fund. In fact, you can get started with as little as $10 — here's how In particular, von der Leyen accused China of 'undercutting intellectual property protections' and providing 'massive subsidies with the aim to dominate global manufacturing and supply chains.' She said China's actions don't reflect fair market competition, but instead represent 'distortion with intent,' which she warned undermines the manufacturing sectors of its trading partners. In her statement, von der Leyen urged G7 nations to confront the issue together, noting that the bloc represents 45% of global GDP and more than 80% of global intellectual property revenues — leverage that could be used to pressure China. The European Commission chief also revealed she is 'working closely' with Trump on a mutually beneficial trade agreement. Her remarks echo Trump's long-standing warnings about China — and add momentum to the broader push among Western nations to rethink their economic ties. For investors, it could be a wake-up call: When global power shifts, it pays to have something solid in your corner. With global tensions rising and major economies reassessing their trade ties, investors are turning to assets that can hold up in turbulent times. One that continues to stand out, according to legendary hedge fund manager Ray Dalio, is gold. 'People don't have, typically, an adequate amount of gold in their portfolio,' Dalio told CNBC earlier this year. 'When bad times come, gold is a very effective diversifier.' Long seen as the ultimate safe haven, gold isn't tied to any single country, currency or economy. It can't be printed out of thin air like fiat money, and in times of economic turmoil or geopolitical uncertainty, investors tend to pile in — driving up its value. Over the past 12 months, gold prices have surged more than 40%. One way to invest in gold that also provides significant tax advantages is to open a gold IRA with the help of Goldco. Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, thereby combining the tax advantages of an IRA with the protective benefits of investing in gold, making it an option for those seeking to ensure their retirement funds are well-shielded against economic uncertainties. Goldco offers free shipping and access to a library of retirement resources. Plus, the company will match up to 10% of qualified purchases in free silver. If you're curious whether this is the right investment to diversify your portfolio, you can download your free gold and silver information guide today. Read more: This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. If gold is the common go-to hedge for moments of chaos, real estate is the long game — and no one knows that better than Trump himself. Before politics, Trump made his fortune in real estate — and the asset class remains a powerful tool for building and preserving wealth, especially during inflationary times. That's because property values and rental income tend to rise along with the cost of living. Unlike some other investments, real estate doesn't need a roaring stock market to deliver returns. Even during downturns, high-quality properties can generate rental income — offering a dependable stream of passive cash flow. As Trump told Steve Forbes back in 2011, 'I just notice that when you have that right piece of property, whatever it might be, including location, it tends to work well in good times and in bad times.' Today, you don't need to buy a property outright to benefit from real estate investing. Crowdfunding platforms like Arrived offer an easier way to get exposure to this income-generating asset class. Backed by world class investors like Jeff Bezos, Arrived allows you to invest in shares of rental homes with as little as $100, all without the hassle of mowing lawns, fixing leaky faucets or handling difficult tenants. The process is simple: Browse a curated selection of homes that have been vetted for their appreciation and income potential. Once you find a property you like, select the number of shares you'd like to purchase, and then sit back as you start receiving any positive rental income distributions from your investment. Another option is Homeshares, which gives accredited investors access to the $35 trillion U.S. home equity market — a space that's historically been the exclusive playground of institutional investors. With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property. With risk-adjusted target returns ranging from 14% to 17%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets. Financial aid only funds about 27% of US college expenses — but savvy parents are using this 3-minute move to cover 100% of those costs Elon Musk just endorsed Warren Buffett's '5-minute' fix for America's multi-trillion debt problem — and 1 Senator is drafting a constitutional change to make it real. Do you think it'll work? Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here's how much the average 60-year-old American has in retirement savings — and 5 critical ways you can secure your nest egg Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.


Axios
2 days ago
- Axios
Prolific cybercriminal group now targeting aviation, transportation companies
The notorious Scattered Spider hacking gang is now actively targeting the aviation and transportation sectors, cybersecurity firms warned on Friday. Why it matters: The group of mostly Western, English-speaking hackers has been on a months-long spree that's prompted operational disruptions at grocery suppliers, major retail storefronts and insurance companies in the U.S. and U.K. Driving the news: Hawaiian Airlines said Thursday it's addressing a "cybersecurity incident" that affected some of its IT systems. Canadian airline WestJet faced a similar incident last week that caused outages for some of its systems and mobile app. A source familiar with the incidents told Axios that Scattered Spider was likely behind the WestJet incident. Josh Yeats, a WestJet spokesperson, told Axios that the company has made "significant progress" to resolve the incident, but did not answer questions about Scattered Spider's possible involvement. What they're saying: Charles Carmakal, the chief technology officer at Google's Mandiant Consulting, said in an emailed statement that the company is "aware of multiple incidents in the airline and transportation sector which resemble the operations of UNC3944 or Scattered Spider." "We are still working on attribution and analysis, but given the habit of this actor to focus on a single sector we suggest that the industry take steps immediately to harden systems," Carmakal said. Palo Alto Networks also said they saw evidence of these hackers targeting the aviation sector. "Organizations should be on high alert for sophisticated and targeted social engineering attacks and suspicious MFA reset requests," Sam Rubin, senior vice president of consulting and threat intelligence at Palo Alto Networks' Unit 42, said on LinkedIn.