LyrArc Article Gist
Neom, infrastructure development the size of Massachusetts in Saudi Arabia, is a futuristic vision of the Saudi prince Mohammad bin Salman. It includes a75 mile long Mirror line project that is shown here in the WSJ. The cost of the project is about 1 trillion dollars. The Saudi prince sees this as away to diversify the economy away from oil using oil revenues that are high at today's prices.

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Hungary's Orban hopes to keep access to Russian energy supplies and still keep Hungary out of the Ukraine conflict in the tight elections in Hungary in 2022.

LyrArc Article Gist
Three scientists from Japan, Germany and Italy who have given us the research and solid evidence to understand how carbon dioxide emissions lead to higher temperatures on the earth's surface. This is changing how the world thinks and acts.

LyrArc Article Gist
London has fewer deaths than in a normal week in mid June 2020. This means that London is the first region in the UK to emerge from the coronavirus pandemic. The figures from the Office of National Statistics show that London now has fewer deaths per week than in a normal week before the pandemic, about 3% lower.

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The economy is booming but urban areas in the US are still recovering from the Delta variant and the problems left behind by the pandemic.

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Masks are made mandatory as a travel requirement on all flights and public transportation in the US.

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A global gas shortfall and China's anti-coal drive to meet carbon emissions targets are leading to oil prices surging past $80 a barrel.

LyrArc Article Gist
Although the Russian economy has weathered the Ukraine war with 3.6% growth estimated by Rossstat and 3% by IMF in 2023, this comes with the economy dependent on heavy military spending. Military spending on defense budget increases to $119 billion in 2024, and increase of an astounding 90% from 2021. It has boosted wages in construction and aided certain industrial regions near Moscow and St Petersburg, and boosted manufacturing with more products made at home. The oil and gas revenues decreased by 23% in 2023 over 2022. After 2 years of war and particularly after contraction in 2022 the Russian economy is recovering and has surprised most forecasters. The problem with military industrial complex growth is that it leads to uneven growth with negect of some areas. In Russia the reduced access to western advanced technology is compensated by increase in technological capacity of countries such as China. A bigger problem is the loss of human resources during the war in Ukraine, and Russians who left the country seeking better lives in other countries.  ...