06 Market

Serbia faces oil refinery shutdown as US sanctions deadline looms– www.euronews.com

pgnewser November 25, 2025 0

Blurb:

Serbian President Aleksandar Vučić has warned the Western Balkan country faces a major crisis as its largest oil refinery prepares to shut down unless US sanctions authorities approve an operating license by Thursday.

The Petroleum Industry of Serbia (NIS) refinery is currently operating in “warm circulation” — a reduced-capacity mode — and has four days until complete shutdown unless approval comes from the US Office of Foreign Assets Control, Vučić said in an address to the nation.

“It will take 14 days to restart, but in reality it will be more than that. Count on 20 days or more,” he said. “That means the refinery would not be operating until the New Year and even after that.”

Nvidia shares fall 3% on report Meta will use Google AI chips– www.cnbc.com

pgnewser November 25, 2025 0

Blurb:

Nvidia shares fell on Tuesday after The Information reported that Meta is considering using chips designed by Google.

Shares of Nvidia were 3.6% lower in premarket trade. Google-parent Alphabet was trading 2.6% higher.

On Monday, The Information reported that Meta is considering using Google’s tensor processing units (TPUs) in its data centers in 2027. Meta may also rent TPUs from Google’s cloud unit next year, the publication reported.

Google launched its first-generation TPU in 2018 and it was initially designed for its own internal use for its cloud computing business. Since then, Google has launched more advanced versions of its chip that are designed to handle artificial intelligence workloads.

‘Commonsense’: White House defends Trump’s H-1B stance; clarifies he doesn’t want US workers replaced– timesofindia.indiatimes.com

pgnewser November 25, 2025 0

Blurb:

US president Donald Trump has a “nuanced and commonsense” view on H-1B visas and does not believe American workers should be replaced, White House press secretary Karoline Leavitt said on Monday. Speaking to reporters at the White House, Leavitt stressed that Trump’s position has often been misunderstood. When asked about the use of H-1B workers, she said the president wants foreign companies investing in the US to hire Americans in the long run. But in the early stages of building highly technical factories like battery or chip plants, companies may need to bring in skilled workers from abroad to get operations started

Seattle’s new socialist mayor claims she has a plan to prevent businesses from being allowed to close and leave the city– www.louderwithcrowder.com

pgnewser November 21, 2025 0

Blurb:

 

According to Seattle Mayor Katie Wilson, “Access to affordable, healthy food is a basic human right.” This is why she refuses to “allow giant grocery chains to stomp all over communities and close stores at will.” She claims this will “leave behind food deserts.” This is why she will “explore public option grocery stores.”

There are so many things wrong with this statement that it’s hard to know where to begin.

Firstly, I don’t ever recall a time in human history when the government was able to adequately provide food for the entire population. Do you? I didn’t think so. That’s because whenever the government attempts to take over the food supply, people always seem to starve. Weird how that is.

Scaling innovation in manufacturing with AI– www.technologyreview.com

pgnewser November 21, 2025 0

Blurb:

“AI-powered digital twins mark a major evolution in the future of manufacturing, enabling real-time visualization of the entire production line, not just individual machines,” says Indranil Sircar, global chief technology officer for the manufacturing and mobility industry at Microsoft. “This is allowing manufacturers to move beyond isolated monitoring toward much wider insights.”

A digital twin of a bottling line, for example, can integrate one-dimensional shop-floor telemetry, two-dimensional enterprise data, and three-dimensional immersive modeling into a single operational view of the entire production line to improve efficiency and reduce costly downtime. Many high-speed industries face downtime rates as high as 40%, estimates Jon Sobel, co-founder and chief executive officer of Sight Machine, an industrial AI company that partners with Microsoft and NVIDIA to transform complex data into actionable insights. By tracking micro-stops and quality metrics via digital twins, companies can target improvements and adjustments with greater precision, saving millions in once-lost productivity without disrupting ongoing operations.

Trump To Withhold Millions From Dem-Controlled State Over Terrorist Trucker Scandal– trendingpoliticsnews.com

pgnewser November 21, 2025 0

Blurb:

The Trump administration is threatening to hit Pennsylvania where it hurts, warning the state it could lose tens of millions in federal dollars after a suspected terrorist managed to snag a commercial truck license.

Federal officials say Pennsylvania broke safety rules by handing out non-domiciled Commercial Driver’s Licenses to foreign nationals who shouldn’t have qualified. In a letter to state leaders, the Department of Transportation said Pennsylvania issued CDLs to migrants without verifying their legal status. Transportation Secretary Sean Duffy said the agency will withhold $75 million in federal funding unless Harrisburg cleans up its CDL program quickly.

The fight erupted after the arrest of Akhror Bozorov, an illegal migrant from Uzbekistan accused back home of ties to terrorism. Bozorov, who authorities say spread jihadist propaganda online and recruited for extremist groups, picked up a Pennsylvania-issued CDL before immigration agents arrested him this month.

ICE Operation in Charlotte Exposes Huge Scale of Illegal Migration Across Construction Industry– www.breitbart.com

pgnewser November 21, 2025 0

Blurb:

The construction industry’s use of illegal labor force has been revealed by the Trump administration’s “Operation Charlotte’s Web” in Charlotte, North Carolina.

Construction has reportedly come to a near halt in Charlotte as the Trump administration’s immigration campaign remains in full swing.

Reports of stymied construction projects have flooded social media during the first week of the immigration enforcement operation.

A man who claims to be a subcontractor in the construction industry in Charlotte posted a video blasting ICE for chasing off the workers he usually encounters every day.

In other social media posts, Mexican restaurants are closing up shop since so many illegals are no longer out and about in the town. In one, an ice cream shop owner said he has told his Hispanic employees to stay home.

Another man hyperbolically complained that “no one is safe,” despite that immigration agents are only seeking lawbreaking illegals.

One man working at a Charlotte barber shop told agents he became a naturalized U.S. citizen ten years ago, but can’t say it to the agents in English.

Fire prompts evacuations at UN climate talks in Brazil, and 13 people suffer smoke inhalation– abcnews.go.com

pgnewser November 21, 2025 0

Blurb:

BELEM, Brazil — A fire briefly spread through pavilions being used for U.N. climate talks in Brazil and prompted evacuations Thursday on the next-to-last day of the conference, and officials said 13 people were treated for smoke inhalation.

Organizers said the fire was controlled in about six minutes. Fire officials ordered the evacuation of the entire site for the conference, known as COP30, and the venue remained closed for about seven hours following the fire.

Attendees trickled back into the COP30 venue after it reopened. Some posed for pictures in the nighttime glow of the signage at the entrance. Others returned to rooms further from the pavilions to resume negotiations or to retrieve belongings that had been left behind. Security staff were stationed behind metal barricades to keep people out of the pavilions and a curtain veiled off the area that the blaze had destroyed.

New Research Shows How AI Could Transform Math, Physics, Cancer Research, and More– www.scientificamerican.com

pgnewser November 21, 2025 0

Blurb:

A new report from OpenAI and a group of outside scientists shows how GPT-5, the company’s latest AI large language model (LLM), can help with research from black holes to cancer‑fighting cells to math puzzles.

Each chapter in the paper offers case studies: a mathematician or a physicist stuck in a quandary, a doctor trying to confirm a lab result. They all ask GPT-5 for help. Sometimes the LLM gets things wrong. Sometimes it finds a faster route to an already known result. But other times, with careful human guidance, it helps push the boundaries of what was previously known.

In one experiment involving how waves behave around black holes, GPT-5 worked through the math to independently produce results that had previously been shown to be correct, showing it was capable of doing this level of scientific calculation. In another project involving nuclear fusion, GPT-5 developed a model that accelerated the research.

Hungary to mount court challenge to EU’s planned phase-out of Russian energy, Orbán says– www.euronews.com

pgnewser November 19, 2025 0

Blurb:

Hungary will challenge the European Union’s plan to end Russian energy imports and take the case to an EU court, Prime Minister Viktor Orbán said Friday.

Speaking on state radio, Orbán accused the bloc of trying to sidestep his veto power over sanctions on Russian energy by instead using trade rules in its plan to phase out all imports of Russian oil and gas by the end of 2027.

“We are turning to the European Court of Justice in this matter,” Orbán said.

“This is a flagrant violation of European law, the rule of law and European cooperation … They will pay a very high price for this.”

Illegal Immigration Drove Soaring Housing Prices– townhall.com

pgnewser November 19, 2025 0

Blurb:

 

 

Federal Reserve Governor Stephen Miran told Fox News that deportations are slowing inflation.

“A significant amount of the inflation that we experienced for years is because we through millions of new people into the country without sufficiently expanding the housing stock and sufficient expansion of other forms of fixed capital,” Miran said.

Trump Admin Divided Over How to Best Reform H-1B Program– www.dailysignal.com

pgnewser November 19, 2025 0

Blurb:

The Trump administration is divided between factions about the best way to reform the controversial H-1B visa program, a senior administration official told The Daily Signal.

One faction wants to restrict the program so much that foreigners won’t be able to use it, while others think it’s useful to bring in exceptional talent, the official said.

While President Donald Trump maintains abuses of the system need to be reformed, he told Fox News’ Laura Ingraham he believes the program—which allows highly skilled workers in “specialty occupations” to live and work in the U.S.—is needed to bring certain talent in. This comment sparked outrage from many of his supporters.

Rep. Marjorie Taylor Greene said she’s “solidly against” Americans “being replaced by foreign labor, like with H-1Bs.” “End H-1B so it’s not used for cheap labor & expand genius visas for genuine high end talent,” conservative influencer Robby Starbuck wrote. Former Department of Government Efficiency adviser and Florida governor hopeful James Fishback said he would “fire every single H-1B working at our state agencies.”

With One Shutdown Ended, Congressional Leaders Brace for Next Shutdown in Jan › American Greatness– amgreatness.com

pgnewser November 19, 2025 0

Blurb:

The longest shutdown in U.S. history has just ended but voices on both sides of the aisle are warning that another shutdown may be looming at expiration of the current funding ends on Jan 30.

A number of tax credit subsidies for the Affordable Care Act (ACA) are set to expire at the end of this year and Democrats have insisted that they be renewed as a condition to supporting any new funding bills.

Republicans acknowledge that another fight over the ACA tax credits could cause another government closure at the end of January.

Supreme Court rules in favor of Trump administration to extend pause in SNAP funding– www.theblaze.com

pgnewser November 12, 2025 0

Blurb:

The U.S. Supreme Court ruled in favor of the Trump administration’s request to extend the pause of an order to fully fund food aid benefits for a few days.

Justice Ketanji Brown Jackson previously granted the emergency pause on an order from U.S. District Judge John McConnell from Rhode Island for the government to fully fund the Supplemental Nutrition Assistance Program. Many on the left excoriated her for what they perceived as a pro-Trump order.

‘The only way to end this crisis — which the executive is adamant to end — is for Congress to reopen the government.’

White House vows Trump will sign ‘good-faith’ shutdown-ending bill– www.politico.com

pgnewser November 12, 2025 0

Blurb:

The White House committed in writing Wednesday that President Donald Trump will sign the bill to end the longest government shutdown in U.S. history once the House passes it.

In a statement of administration policy, the Trump administration urged every lawmaker to back the measure, which would reopen the government through Jan. 30 and fund some federal agencies through next September. The House is expected to vote Wednesday evening to clear the legislation for Trump’s signature, after the Senate passed the package Monday night.

Even as the White House encouraged House lawmakers to vote in support of the bipartisan measure, the administration took partisan swipes in the official memo, claiming that the funding lapse was “forced upon the American people by congressional Democrats.”

Finance Ministry to Debut Borrowing in Chinese Yuan in December– www.themoscowtimes.com

pgnewser November 12, 2025 0

Blurb:

Russia will issue government bonds denominated in Chinese yuan for the first time next month, the Finance Ministry announced Wednesday.

The ministry said it would offer two series of OFZ bonds, each worth 10,000 yuan ($1,400), with maturities ranging from three to seven years and interest payments every six months.

Investors will be able to buy and receive payments either in yuan or rubles, it said in a statement.

Order placements are scheduled for Dec. 2, with the sale itself planned for Dec. 8.

The Finance Ministry did not specify the total amount of its yuan bonds, saying it would be determined after assessing investor demand. Reuters reported last month that the ministry was preparing to issue up to 400 billion rubles ($4.9 billion) worth of yuan bonds.

Democrats Begin Crumbling on Schumer’s Shutdown, Move to Make a Deal with GOP– slaynews.com

pgnewser November 7, 2025 0

Blurb:

Deep cracks are forming within the Democratic Party as several Democrats have moved to negotiate a deal with Republicans to reopen the government, undermining Senate Minority Leader Chuck Schumer’s (D-NY) shutdown agenda.

A handful of Democrats have entered talks on ending Schumer’s shutdown, as he continues to hold out for concessions from Republicans.

As the costs of the shutdown continue to mount, some Democrats, including Senators Maggie Hassan (D-NH), Jeanne Shaheen (D-NH), and Gary Peters (D-MI), are working on a deal to end the impasse, The Hill reported.

The shutdown became the longest in U.S. history this week as the impacts continued to spread, with funding lapsed for food stamps and millions of federal workers missing paychecks.

Republicans need at least eight Democrats to cross the aisle in order to break the 60-vote filibuster.

For weeks, only three Democrats have voted to end the shutdown consistently, and they are Sens. John Fetterman (D-PA), Catherine Cortez Masto (D-NV), and Angus King (I-ME), an independent who caucuses with the party.

Court Upholds Florida Law Restricting CCP Land Purchases– thefederalist.com

pgnewser November 7, 2025 0

Blurb:

A federal appeals court upheld a Florida law on Tuesday that restricts Chinese nationals and entities affiliated with the Chinese Communist Party (CCP) from making land purchases in the state.

In a 2-1 ruling, the 11th Circuit Court of Appeals ruled that the group of Chinese nationals challenging parts of the law (SB 264) lacked standing to bring their suit. The decision comes after the district court denied plaintiffs’ request for a preliminary injunction blocking the statute’s enforcement.

“After careful review, and with the benefit of oral argument, we affirm the denial of the plaintiffs’ preliminary injunction motion as to the registration and affidavit requirements. But we reverse and remand for the district court to deny the preliminary injunction motion without prejudice as to the purchase restriction because none of the plaintiffs have shown they have standing to challenge that provision of SB 264,” the ruling reads. The majority opinion noted how several of the plaintiffs, although they are Chinese citizens, were not “domiciled” in China, and therefore their efforts to purchase property falls outside the scope of the law.

U.S-China Tariff War Eases After Trump Meets with Xi Jinping– slaynews.com

pgnewser November 7, 2025 0

Blurb:

President Donald Trump has moved to cut U.S. fentanyl-related tariffs on Chinese goods in half, following last month’s in-person meeting with China’s leader Xi Jinping in South Korea.

Under a new executive order issued on Tuesday, the tariff will drop from 20 percent to 10 percent beginning November 10.

In the order, Trump stated:

“The PRC [People’s Republic of China] has committed to take significant measures to end the flow of fentanyl to the United States, including stopping the shipment of certain designated chemicals to North America and strictly controlling exports of certain other chemicals to all destinations in the world.”

Trump and Xi met on October 30 on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Busan, South Korea.

After the meeting, Trump said he believed Beijing would take “strong action” to stem the supply of precursor chemicals used to manufacture fentanyl.

World leaders to rally in support of climate action before COP30 summit– > www.france24.com

pgnewser November 7, 2025 0

Blurb:

The heads of state of about 50 countries are expected in the Amazonian city of Belem for a summit on Thursday and Friday, before the annual UN Conference of Parties (COP) climate negotiations that open next week. Almost every nation is participating aside from the United States, with President Donald Trump having branded climate science a “con job”.
from www.france24.com

Federal Judge Clears Trump Administration to Revoke MA Offshore Wind Project Approval– legalinsurrection.com

pgnewser November 7, 2025 0

Blurb:

President Donald Trump clearly has the climate cultists and green grifters among his top targets during his very busy second term, which began with his signing an executive order in January to halt new or renewed offshore wind leases.

Now it looks like the plug is going to be pulled from a massive offshore East Coast wind farm project.

Back in September, I reported that federal regulators were moving to revoke approval of SouthCoast Wind’s construction and operations plan, the final major permit required before offshore turbine installation. The project, located about 23 miles south of Nantucket, was slated to build up to 141 turbines supposedly capable of powering roughly 840,000 homes in Massachusetts and Rhode Island.

A federal judge has now ruled that the Trump administration may proceed with revoking federal permits for the project.

The Trump administration signaled its intent to reconsider the permit in September, claiming that the Environmental Impact Statement for the project may have “understated or obfuscated impacts” that would possibly result in noncompliance with the Outer Continental Shelf Lands Act.

District Court for the District of Columbia judge Tanya Chutkan, who was appointed by President Barack Obama, ruled in favor of the White House Tuesday, saying that the project developers would not suffer from “immediate and significant hardship” if the administration proceeded with the reconsideration.