Hackers drain nearly $200 million from major crypto exchange
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On Monday, crypto exchange BitMart pledged to compensate users who lost money after a major “security breach” saw hackers steal $196 million worth of cryptocurrency. Read Full Article at RT.com
Reasons behind Dyson’s split with major supplier appear shocking
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Dyson is reportedly cutting ties with ATA IMS, one of Malaysia’s top providers of electronics manufacturing services, which supplies the UK firm with spare parts for vacuum cleaners and air purifiers, over labor-abuse allegations. Read Full Article at RT.co
Dyson breaks up with major supplier over forced-labor claims
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Dyson is reportedly cutting ties with ATA IMS, one of Malaysia’s top providers of electronics manufacturing services, which supplies the UK firm with spare parts for vacuum cleaners and air purifiers, over labor-abuse allegations. Read Full Article at RT.co
Russia’s trade minister on his nerve-racking experience of driving a Tesla
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Driving one of Tesla’s electric vehicles can be a real challenge during Russia’s severe winters, as its drive range inevitably drops in low temperatures, according to Russia’s trade and industry minister, Denis Manturov. Read Full Article at RT.com
IMF urges world’s richest countries to save poorest
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The International Monetary Fund (IMF) has warned that 60% of the world’s poorest nations are at high risk of, or already in, debt distress, double the share in 2015. Read Full Article at RT.com
Erdogan ousts ‘Made in Turkey’ to boost trade as lira plummets
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Turkish President Recep Tayyip Erdogan has ordered the country’s national brand to be changed in order to boost recognition of Turkey abroad and confirm the good faith of the nation’s exporters. Read Full Article at RT.com
Erdogan ousts ‘Made in Turkey’ to bring in more dollars
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Turkish President Recep Tayyip Erdogan has ordered the country’s national brand to be changed in order to boost recognition of Turkey abroad and confirm the good faith of the nation’s exporters. Read Full Article at RT.com
Labor board prosecutors have alleged that Whole Foods Market, which is owned by Amazon, illegally prevented its workers from wearing Black Lives Matter (BLM) masks, and punished those who broke the ban. Read Full Article at RT.com
The pandemic-driven lower petroleum consumption and lower commodity prices resulted in a decline of over 30% in the value of energy trade between the United States and Canada in 2020. Read Full Article at RT.com
The world’s crypto pioneer, bitcoin, saw a sharp decline of nearly $10,000 in roughly an hour to as low as $42,000 before bouncing back to $45,000, extending the latest downtrend amid the emergence of the Omicron Covid-19 strain. Read Full Article at RT.com
The Bipartisan Policy Center (BPC) said on Friday the US federal government is likely to run out of borrowing room and breach the debt limit after December 21. Read Full Article at RT.com
British Airways has struck a deal with a UK refinery for aircraft fuel made from used cooking oils to help power the carrier’s flights by early 2022. Read Full Article at RT.com
American space agency NASA has allocated over $415 million to three US companies, including Jeff Bezos’ Blue Origin, to design private space stations and other commercial destinations in orbit. Read Full Article at RT.com
There is a “dangerously high risk” that the United States could slide into civil war within the next 10 years due to the “exceptional amount of polarization” currently seen in the country, says billionaire Ray Dalio. Read Full Article at RT.com
Tesla CEO Elon Musk has sold another bulk of the company’s shares worth $1.01 billion to pay his taxes, Thursday’s regulatory filings show. Read Full Article at RT.com
China is set to relax its travel rules for American business executives, Beijing’s envoy to the US said, vowing to put “more positive energy” into bilateral ties and “fast track” flights in order to meet concerns from US firms. Read Full Article at
Tesla’s quad bike goes on sale, if you’re small enough
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After two years of waiting, Tesla fans can finally lay their hands on the Cyberquad all-terrain vehicle, now on sale on Tesla’s website. However, only smaller customers can enjoy it, as they launched the kids’ bike version. Read Full Article at RT.com
The European Union said on Thursday it has fined four major banks a combined €344 million ($390 million) for colluding in a foreign exchange spot trading cartel via a chatroom named “Sterling Lads.” Read Full Article at RT.com
Tokyo flats available to rent for $1, but there’s a catch
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Iconic Swedish furniture brand Ikea has begun renting small duplex apartments in the overpopulated Japanese capital Tokyo for less than a dollar per month. Read Full Article at RT.com
Ditching green, new Cold War, US constitutional crisis – Saxo Bank’s predictions for 2022
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Danish investment bank Saxo Bank has released its annual “outrageous predictions,” aiming to guide global financial markets through the “revolutionary” possibilities of 2022, from ditching the green transition to a new Cold War. Read Full Article at R
Oil prices could surge “a lot higher” and hit $150 a barrel amid global supply constraints, Wall Street investment bank Jefferies has warned. Read Full Article at RT.com
The World Bank (WB) has suggested Russia introduce a carbon tax in industries with high greenhouse gas emissions, including the fuel and energy sector, to reach carbon neutrality goals. Read Full Article at RT.com
The oil and gas industry worldwide faces a talent gap as workers contemplate moving to renewables or leaving the energy industry altogether, a survey by recruitment firm Brunel and Oilandgasjobsearch.com, cited by Reuters, showed. Read Full Article at RT.com
World’s most expensive city named, and it’s a shocker
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Tel Aviv, Israel has won the unenviable title of world’s most expensive city to live in, according to a newly released biannual report by the Economist Intelligence Unit. Read Full Article at RT.com
Tesla’s new piece of merchandise linked to the widely anticipated all-electric Cybertruck, the Cyberwhistle, has sold out within two hours after CEO Elon Musk pitched it on Twitter. Read Full Article at RT.com
The Organization of the Petroleum Exporting Countries (OPEC) is not sticking with the planned oil production increase in November under the OPEC+ deal. This comes despite the calls from US President Joe Biden to boost oil output. Read Full Article at RT.com
The Organization of the Petroleum Exporting Countries (OPEC) is not sticking with the planned oil production increase in November under the OPEC+ deal, a Reuters survey has found. Read Full Article at RT.com
‘Vladimir Putin’s pipeline weapon’: What’s really going on with Nord Stream 2?
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The delivery of Russian natural gas to Europe via the Nord Stream 2 pipeline is likely to be delayed for another six months, Germany’s ambassador to Ukraine said on Monday. Read Full Article at RT.com
Kiev faces a financial penalty of as much as $4.5 billion, after a group of Chinese investors brought legal action against the country over violating the China-Ukraine bilateral investment agreement. Read Full Article at RT.com
Global crude prices are recouping some of last week’s losses as of Monday. The Organization of Petroleum Exporting Countries (OPEC) is considering suspending a planned output increase due to the spread of the new Covid-19 strain. Read Full Article at RT.com
Two more nations sign up to China’s New Silk Road initiative
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Eritrea and Guinea-Bissau have announced plans to join the Belt and Road Initiative (BRI), actively promoted by Beijing. The two nations have reportedly signed a formal agreement with China ahead of a key regional forum. Read Full Article at RT.com
Nearly all of Russia’s oil production will consist of the so-called hard-to-recover crude reserves unless the country speeds up and incentivizes exploration, Russia’s Deputy Energy Minister Pavel Sorokin said on Wednesday. Read Full Article at RT.com
Major efforts to bring down the cost of generating wind power should be restrained, the head of a turbine-making major has warned, citing the industry’s limited ability to continue investing in new technologies and enterprises. Read Full Article at RT.com
Energy majors facing $3.3 trillion 'green' nightmare
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The largest international oil and gas firms wrote down assets worth $150 billion last year when prices crashed with the demand slump in the pandemic. Read Full Article at RT.com
The global supply chain is broken. Experts point out to a perfect storm of issues that have combined to break a system that used to run relatively smoothly. Read Full Article at RT.com
A major shareholder and long-time supporter of embattled property developer China Evergrande Group has slashed its stake in the company and is planning to dump all of its shares in the near future. Read Full Article at RT.com
Cryptocurrencies crashing in major hub amid looming ban
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Crypto prices have been plummeting in India since a government proposed bill seeking to ban private virtual currencies sent holders into a panic-selling mode. Read Full Article at RT.com
Taiwan is considering cooperation with Eastern European states on semiconductors amid the global chip supply shortage, a Taiwanese minister revealed on Thursday. Read Full Article at RT.com
OPEC and Russia are mulling a pause in the previously agreed on increase in oil production after Washington’s announcement of the release of strategic crude reserves, media reports say. Read Full Article at RT.com
Southeast Asia’s largest bank brought to its knees
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Singapore’s DBS Group, Southeast Asia’s largest bank, has faced two consecutive days of mass disruption in its online banking services. Read Full Article at RT.com
