Seoul has signaled that it will not comply with US President Joe Biden’s request to help Washington stabilize rising oil prices by tapping into its own reserves. Biden is under pressure to release the US’ strategic supply. Read Full Article at RT.com
Iconic US sports arena to be renamed after crypto exchange
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A Singapore-based crypto exchange has scored one of the biggest naming rights deals in sports history with the Staples Center in Los Angeles. Read Full Article at RT.com
Boom Bust explores what’s next for gas market as Germany puts brakes on Russian pipeline
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European natural gas prices soared on Tuesday after Germany suspended certification of the Russian Nord Stream 2 pipeline, saying it can only certify companies organized in compliance with German law. Read Full Article at RT.com
Once crypto assets are regulated and approved and they can touch cash markets within crypto, it may explode within “24-36 months,” says David Mercer, the CEO of foreign exchange company LMAX group. Read Full Article at RT.com
Mining giant unveils what world would need to ‘go green’
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The transition of the global economy to carbon neutrality will multiply the need for metals used in the electric vehicle (EV) industry in the next 30 years, Australian mining giant BHP said on Wednesday. Read Full Article at RT.com
Metaverse could become a $50bn fashion & luxury market
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Demand for fashion and luxury brands could grow exponentially on sales in the alternate world of the metaverse, according to Morgan Stanley (MS), one of the world’s biggest investment banks. Read Full Article at RT.com
US asks China to jointly steady oil prices – report
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The Biden administration has proposed the US and China jointly release oil from the two countries’ strategic reserves to stabilize rising crude prices, Chinese media reports. Read Full Article at RT.com
The rapid growth of digital assets and their integration with traditional financial services could soon pose systemic risks, according to Bank of England (BoE) Deputy Governor Jon Cunliffe. Read Full Article at RT.com
The price of natural gas in Europe has surpassed $1000 per 1,000 cubic meters for the first time since October 27, trading data shows. Read Full Article at RT.com
Gas prices in Europe soar past $1000 on transit news
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The price of natural gas in Europe has surpassed $1000 per 1,000 cubic meters for the first time since October 27, trading data shows. Read Full Article at RT.com
Ohio Attorney General Dave Yost has filed a lawsuit against Facebook, recently renamed Meta, over its faulty algorithms and effects on children. Read Full Article at RT.com
First country agrees to set up embassy in METAVERSE
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The tiny Caribbean island of Barbados has extended its diplomatic outreach to the virtual world, having signed an agreement with a blockchain-based platform to establish a digital embassy in a first for sovereign nations. Read Full Article at RT.com
Bitcoin’s mysterious inventor set to be revealed in court
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The true identity of bitcoin creator Satoshi Nakamoto, who has been one of the financial world’s enduring mysteries, could be finally unveiled in a Florida court, the Wall Street Journal reports. Read Full Article at RT.com
China has ramped up coal production to its highest level since 2015 in a push to reign in record energy prices and boost supply. Read Full Article at RT.com
The European Union (EU) will announce a new overseas infrastructure investment program this week which aims to compete with China’s flagship Belt and Road Initiative. Read Full Article at RT.com
Former US President Donald Trump’s company has made a deal to sell the rights to its hotel a few blocks from the White House in Washington, DC, said to bring more losses than profit in recent years. Read Full Article at RT.com
New quantum chips could be standard for computers in coming years – IBM
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IBM claimed on Monday to have developed a new quantum computer chip which could beat traditional chips in some tasks in just a matter of years. Read Full Article at RT.com
Amazon-backed 'Tesla killer' startup shows how to become US’ biggest company earning nothing
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Rivian Automotive has become the largest US business by market value despite having little revenue just days after its outstanding Nasdaq debut. Read Full Article at RT.com
World’s biggest aviation market may soon welcome back exiled Boeing 737 MAX
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After a more than two-year flight ban, a modified version of the Boeing 737 MAX is expected to finally return to the skies of its biggest consumer, China, as Beijing signals approval of the proposed changes to the plane. Read Full Article at RT.com
Why a US crude export ban won’t lower prices at the pump
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A proposed crude oil export ban is encountering strong opposition in the oil and gas industry, which argue that such a ban will only hurt drillers and won't help drivers. Read Full Article at RT.com
Russia stocks up as reserves rise to historic rate
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Russia’s international reserves rose to an unprecedented $623.2 billion last month, setting a historic record, data released this week by the country’s Central Bank shows. Read Full Article at RT.com
Elon Musk cashes in on meteoric rally in Tesla stocks
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Tesla’s billionaire CEO Elon Musk sold another chunk of Tesla shares, ramping up a combined value of the offloaded stocks to nearly $7 billion, taking advantage of a rally that boosted the company’s value to more than $1 trillion. Read Full Article at RT
Apple’s labor breach results in huge payments for employees
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US tech giant Apple is to pay $29.9 million to its frontline employees in California for time they were forced to spend undergoing mandatory anti-theft bag checks at the end of their shifts. Read Full Article at RT.com
The North American robotics market has reportedly recorded all-time high numbers, as labor shortages throughout manufacturing, transport, logistics, and essentially every sector are prompting businesses to turn to automation. Read Full Article at RT.com
Electric car startup rolls out second-largest US IPO after Facebook
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Shares of Rivian Automotive continued to rise on Thursday, following the electric-truck maker’s outstanding Nasdaq debut on November 10. It’s now on track to be the most valuable US automaker after Tesla. Read Full Article at RT.com
The volume of trade between Moscow and BRICS member states grew by almost a third during the first eight months of this year in annual terms, amounting to $42.1 billion. Read Full Article at RT.com
The Keiser Report explores what hyperinflation could do to the US
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Money printing in the US has doubled in the last 18 months as a result of the government’s attempts to help save the economy from the Covid-19 crisis, and it’s on track to double again. Read Full Article at RT.com
The volume of trade between Moscow and BRICS member states grew by almost a third during the first eight months of this year in annual terms, amounting to $42.1 billion. Read Full Article at RT.com
Stocks gains for Tesla despite Musk not following advice of Twitter followers
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Tesla founder and CEO Elon Musk has disposed of more than 4.5 million company shares so far this week in his first sale in over five years. The move came after another bombshell tweet that dragged Tesla stock down by about 12%. Read Full Article at RT.com
US shouldn't tax billionaires, finance guru tells Boom Bust
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Supply chains remain strained in the United States as the nation’s economy attempts to recover from the Covid-19 pandemic and Federal Reserve claims that rising inflation is simply transitory. Read Full Article at RT.com
Chip crunch sets back major tech & auto giants' production
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Global chip sales rose 27% in the third quarter of 2021 year-on-year, amounting to $145 billion, Izvestia newspaper has reported, citing data from the Semiconductor Industry Association (SIA). Read Full Article at RT.com
The shares of US industrial behemoth and the globe’s oldest industrial conglomerate General Electric (GE) soared nearly 20% this week, following news of a company split. Read Full Article at RT.com
Speak no evil: Elon Musk, Tesla lose billions on Twitter babble
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Tesla founder Elon Musk has lost $50 billion, roughly a fifth of his overall worth, in two days following a Twitter poll asking whether he should sell his stock to pay taxes. Read Full Article at RT.com
Rolls-Royce goes nuclear: Major automaker to produce ‘miniature reactors’
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The UK will fund iconic carmaker Rolls-Royce’s new project to build the country's first mini nuclear reactors as part of the nationwide push toward cleaner energy. Read Full Article at RT.com
Tesla subsidiary Tesla Energy Ventures has been officially licensed to sell electricity to retail customers in Texas, according to documents from the Texas Public Utility Commission. Read Full Article at RT.com
British food price inflation hit a 14-month high in October amid supply chain issues, the latest report from UK consulting firm Kantar shows. Read Full Article at RT.com
Strap in & get ready for Squid: Keiser Report looks at the economics of rug pulls
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Central banks keep pumping more fiat money and are talking about raising rates at some point in the future, as they’ve been saying now for 20 years. Read Full Article at RT.com
Cryptocurrency mining should be officially recognized as a business activity and taxed, Russian media reports, citing officials. Read Full Article at RT.com
