US Redoubles Efforts to End Dependence on Russian Nuclear Fuel

“We are going to get Congressional support in a bipartisan way for us to make our own fuel cycle supply chain independent, certainly of Russia,” Granholm, 63, said in an interview at the International Atomic Energy Agency in Vienna. “We’ve got to make this happen for our own independence and national security.”

Oil Rises as US Crude Inventories Show First Decline in a Month

West Texas Intermediate rose as much as 3.4% to trade above $81 a barrel. Crude inventories fell 215,000 barrels last week, the US Energy Information Administration reported. The country’s demand for distillates, which includes diesel, jumped last week bringing the four-week average back above 2020 levels for this time of year. Meanwhile, leaks in three … Read more

This Is What Life’s Like in the World’s Strictest Covid Zero City

Seven times since last March, Ruili—on China’s Myanmar border—has felt the full force of Xi Jinping’s Covid Zero policy.

Russian Defenses Crumble in Kharkiv as Ukraine Retakes Territory

The Institute for the Study of War, a US-based think take, said Ukraine was likely to capture Izyum in the next day or two “if they have not already done so.” Ukraine’s troops have indeed taken Izyum, Mykyta Karakay, a national guard serviceman and former deputy of Izyum council, said on national television. The claim … Read more

SpiceJet in Talks to Raise $200 Million to Ease Finance Woes

Even as forecasts for India’s aviation sector look brighter with local traffic surging 94% in July, SpiceJet, which has slipped from No. 2 to No. 5 in the rankings, may find it difficult to make a comeback. Jet Airways India Ltd. is planning to resume flying by September and Air India Ltd. is headed for … Read more

Taiwan Soldiers Fire at Civilian Drones Over Islands

While the statement didn’t identify the drones as having come from China, it said they retreated in the direction of the Chinese city of Xiamen, which lies several kilometers from the islands. The Chinese Communist Party’s Global Times cited experts it didn’t identify as confirming the warning shots and contending that “the frequent flights of … Read more

Good Luck Finding a Seat in That Fancy Airport Lounge

(Bloomberg Businessweek) — The All Nippon Airways lounge at Tokyo’s Narita International Airport was once an uncrowded refuge of calm for business travelers, favored for such perks as free made-to-order noodles, a private shower, and comfy chairs with views of the tarmac and planes taxiing. But on a recent Tuesday afternoon while connecting flights at … Read more

US Business Activity Contracts Again, Weakest Since May 2020

The S&P Global flash composite purchasing managers output index slid 2.7 points to 45, the weakest reading since May 2020, the group reported Tuesday. Excluding the pullback in the early months of the pandemic, the August figure is the weakest print in data back to 2009. Readings below 50 indicate contraction.