ISIS militants are using the revenue from seized oil fields to finance their newly-formed Islamic state in northern Iraq. Sources within the regional government say the extremist militants are “making millions” in illegal trade.
MIT scientists have discovered a way to get an electric current out of water droplets. Enough power to charge mobile phones can be drawn from water condensing and jumping from a super-hydrophobic surface.
Russia has produced more gold than the United States for the first time in 25 years. It’s now the world’s third biggest producer after China and Australia, Minister of Natural Resources and Environment of Russia Sergey Donskoy said.
Ukraine Energy Minister Yury Prodan says the EU has been asked to start pumping 30 billion cubic meters of gas using reverse flow from Slovakia. Russia has cut supplies to Ukraine until it pays its gas bill; meanwhile Kiev is seeing alternate supplies.
Prime Minister Tony Abbott has suggested scrapping legislation that controls one of the most pressing issues for Australia - climate change. Abbott says cutting the "carbon tax" means more money for households. Opponents say it’s bowing to big business.
The collapse of the monetary system awaits the world in the near future, says financial expert James Rickards. Russia and China's desire to rid the US dollar of its global reserve currency status is an early sign of the “increasingly inevitable” crisis.
The United States Bureau of Reclamation delivers water to around 1.2 million acres of irrigated land west of the Mississippi, but certain customers in the states Washington and Colorado are now being told to find a new source.
Russia has secured more than 40 business contracts with China during President Putin’s visit to Shanghai. Top is the $400 billion gas contract, there are also deals in finance, investment, aircraft, and automobiles. Here is RT’s list of key agreements.
Hunter Biden, son of US VP Joe Biden, is joining the board of directors of Burisma Holdings, Ukraine’s largest private gas producer. The group has prospects in eastern Ukraine where civil war is threatened following the coup in Kiev.