It is the 18th of July 2018

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US Spy Satellites Catch Chinese Ships Illegally Selling Oil To North Korea

According to South Korea's Chosun Ilbo, U.S. recon satellites have photographed around 30 illegal transactions involving Chinese vessels selling oil to North Korea on the West Sea in October. The images allegedly showed large Chinese and North Korean ships transacting in oil in a part of the West Sea closer to China than South Korea. The satellite pictures even showed the names of the ships.

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North Korea Fires Intercontinental Ballistic Missile; Lands Inside Japan's Economic Zone

Update 2: The Pentagon says initial assessment of North Korean launch "was an ICBM, traveled about 1,000 km before splashing into Sea of Japan," Reuters reports. Separately, Yonhap notes that the North Korea missile reached an altitude of 4,500 km and flew 960km.

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Russian Anger Builds In Town Next To Leaking Nuclear Plant

Earlier this week, we noted that Russia’s state-owned nuclear energy agency had taken baby steps toward recognizing the dangers posed by an aging nuclear storage facility in Chelyabinsk, a town located on Russia’s southern border with Kazakhstan, when it officially acknowledged the extraordinary high levels of radiation in the area. Though the government refused to admit culpability, as many believe the radiation leaked out of the Mayak nuclear power plant, which has a history of serious nuclear accidents.

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Over 61 Dead, 300 Injured After Huge Quake Strikes Iran-Iraq Border

Update: AP reports that Iranian officials raise death toll to at least 61, more than 300 injured during earthquake on Iran-Iraq border region.

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Trump Administration Issues Report Concluding That Climate Change Is Real And Man-Made

"This assessment concludes, based on extensive evidence, that it is extremely likely that human activities, especially emissions of greenhouse gases, are the dominant cause of the observed warming since the mid-20th century. For the warming over the last century, there is no convincing alternative explanation supported by the extent of the observational evidence.:

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Auto OEMs Plan To Flood Market With New Electric Car Models Despite Massive Losses

Last month we noted that Tesla really outdid itself in 2Q 2017 by posting a record cash burn of $1.2 billion, or roughly $13 million every single day.  Per the chart below, Tesla's Q2 cash burn was just a continuation of the company's money-losing trend that goes back at least 6 years and seems to be getting worse with each passing quarter.

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