Skip to content
Search

Latest Stories

News

Hard Numbers: Russian oil cap not really capping, US air travel chaos, South Africans powerless, Egyptian pound plummets, meth pigeon has landed

Illustration of a wall with the EU flag colors with a Russian oil pipeline peeping through
Annie Gugliotta
Make us preferred on Google

171.9: The European Union’s recent $60 price cap for Russian oil is costing the Kremlin $171.9 million a day. That sounds like a lot, but Moscow is still raking in more than half a billion dollars daily from fossil fuels. Critics of the cap say it’s too close to the actual price that Russia gets for its oil on the open market anyway.


10,000: A glitch in the FAA's pilot alert system canceled 1,300+ flights and impacted more than 10,000 the US on Wednesday. Officials rebooted the system, noting there was no sign of a cyberattack, but the incident caused travel chaos just two weeks after Southwest Airlines suffered tech issues that left hundreds of travelers stranded over the holidays.

8: Most South Africans now face up to eight hours a day without power, as the country’s ramshackle state energy firm deepens power cuts just to keep pace with demand. President Cyril Ramaphosa pledged to fix the problem when he was elected.

32: The Egyptian pound plunged below 32 to the dollar for the first time after the country floated its exchange rate as part of a loan agreement with the IMF. The IMF often requires countries do this in exchange for loan packages, because artificially propping up a currency can quickly drain a country’s reserves.

30: You’d think that discovering a pigeon wearing a backpack is crazy enough. Because it is. But officials at a Canadian prison recently not only discovered a pigeon in the yard wearing a backpack but also that the backpack was stuffed with … 30 grams of crystal meth. What should the pigeon’s name be? Let us know here.

More For You

Refugees and migrants arrive on an overcrowded boat on the Greek island of Lesbos, November 10, 2015. Since the start of the year, over 590,000 people have crossed into Greece, the frontline of a massive westward population shift from war-ravaged Syria and beyond.

Refugees and migrants arrive on an overcrowded boat on the Greek island of Lesbos, November 10, 2015. Since the start of the year, over 590,000 people have crossed into Greece, the frontline of a massive westward population shift from war-ravaged Syria and beyond.

REUTERS/Alkis Konstantinidis
Anti-immigration political parties are making big gains across Europe these days. Germany’s Alternative for Germany (AfD) party just won two major state parliamentary elections, campaigning in part on mass deportations of undocumented immigrants. Spain’s far-right Vox party continues to grow in popularity, especially after a recent surge of [...]
El Salvador to free tens of thousands
Lottie Tellyn
Bukele’s controversial crackdown on gang violence in El Salvador has featured sweeping arrests under state of emergency powers, imprisoning tens of thousands of people in maximum-security prisons where they face mass trials. Those measures have contributed to a drastic reduction in the country’s homicide rate — dropping from 100 murders per [...]
Smoke rises as a person throws a projectile through the open door of a building, amid an anti-government protest by students in Tirana, Albania, October 14, 2026.

Smoke rises as a person throws a projectile through the open door of a building, amid an anti-government protest by students in Tirana, Albania, October 14, 2026.

REUTERS/Florion Goga
Flamingo protests escalate in AlbaniaProtests in Albania turned violent Wednesday night as rioters attacked government buildings and set storefronts ablaze in the capital, Tirana. More peaceful demonstrations began several months ago, triggered by opposition to a luxury hotel development project led by President Trump’s son-in-law Jared Kushner [...]
How Houthi attacks are testing Saudi Arabia's defenses
- YouTube
In this ‘ask ian,’ Ian Bremmer explains how the US blockade of Iran and Houthi strikes on Saudi Arabia are driving disruptions of global energy and shipping across the Middle East. [...]