OPEC+ Leaves Production Quotas Unchanged

OPEC+ Leaves Production Quotas Unchanged

At its meeting on Sunday, the OPEC+ group decided to leave its production quotas unchanged. The cartel also announced that its next meeting will be in February and the one after that in June, marking the end of monthly meetings....
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US Bans Huawei, ZTE Telecom Electronic Equipment

US Bans Huawei, ZTE Telecom Electronic Equipment

The Federal Communications Commission (FCC) adopted new rules on Nov. 25 that will prohibit the import or sale of Chinese communications equipment deemed to pose an unacceptable risk to national security. The new rules will ban equipment from Chinese telecom.....
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Russia drafts decree banning oil sales to price-cap participants

Russia drafts decree banning oil sales to price-cap participants

The Kremlin is drafting a presidential decree that will ban Russian companies and any traders who buy the country’s oil from selling it to anyone participating in a price cap, according to a person familiar with the matter. The decree...
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Archer Unveils Four Person ‘Midnight’ Air Taxi

Archer Unveils Four Person ‘Midnight’ Air Taxi

Maker, the company’s two-seat prototype that first flew less than a year ago, is now ready for a live audience. As it rises from the apron, countless cell phones held overhead record video as engineers on the ground put the...
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Central bank strategies deployed since the financial crisis are destroying the real economy, worsening inequality, and creating societal chaos

Central bank strategies deployed since the financial crisis are destroying the real economy, worsening inequality, and creating societal chaos

Nomi Prins warns that central bank strategies deployed since the financial crisis are destroying the real economy, worsening inequality, and creating societal chaos. Economist, journalist, and former Wall Street exec Nomi Prins is here to explain the inexpl...
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New York Fed And 12 Banking Giants Launch Programmable Digital Dollar Test

New York Fed And 12 Banking Giants Launch Programmable Digital Dollar Test

Never let a crisis go to waste. With equity and bond markets stuck in brutal bear markets and providing a sufficient distraction to what is happening behind the scenes, the Fed and a group of banks have been quietly preparing...
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Meta to Cut 11,000 Jobs

Meta to Cut 11,000 Jobs

Meta Platforms Inc. (ex-Facebook) Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs, calling himself responsible for the first major round of layoffs in the social media monster’s history. The reductions, equal to about ...
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Algeria applies to join BRICS

Algeria applies to join BRICS

Algeria has reportedly filed an official application to join the BRICS group of major emerging economies. News website Al-Shouruk said the announcement came from Leila Zerrouki, the Foreign Ministry’s special envoy for international partnerships, speaking on...
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Facebook parent Meta planning massive layoffs this week

Facebook parent Meta planning massive layoffs this week

Mark Zuckerberg has said he expects the metaverse investments to take about a decade to bear fruit. In the meantime, he has had to freeze hiring, shutter projects and reorganize teams to trim costs. Meta Platforms Inc is planning to...
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Lula won the Brazilian election

Lula won the Brazilian election

Former president Luiz Inacio Lula da Silva clinched victory over his right-wing rival Jair Bolsonaro in a tightly contested second round of the Brazilian election on Sunday. The country’s election authority announced Lula’s narrow win with 50.9% of the v...
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Elon Musk’s idea for Twitter

Elon Musk’s idea for Twitter

I have an idea for a blockchain media system that does both payments and short text messages links like Twitter. Musk finally conceding to buy the social network at the original proposed price of $54.20. Things get more interesting in...
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Gas Starts Flowing To Poland Via New Baltic Pipeline From Norway

Gas Starts Flowing To Poland Via New Baltic Pipeline From Norway

Natural gas started flowing to Poland through the new Baltic Pipe pipeline from Norway via the Baltic Sea on the morning of Oct. 1, Polish gas pipeline operator Gaz-System said. “Promises made over six years ago have been kept,” Gaz-System said, accordin...
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Russia One Step Closer To Using Crypto In International Trade

Russia One Step Closer To Using Crypto In International Trade

The Russian Ministry of Finance and its central bank have agreed on a draft bill allowing bitcoin and cryptocurrency payments for international trade settlements, per a report from Russian news outlet Tass. The bill “as a whole writes out how...
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JP Morgan To Cannibalize Its Own Card Revenue In Race To Be First On Pay-By-Bank Processing

JP Morgan To Cannibalize Its Own Card Revenue In Race To Be First On Pay-By-Bank Processing

Pay-by-bank processing would abandon costly interchange fees charged by card companies like Visa and Mastercard. “If I hear that any of you aren’t sharing information with each other, or you’re hiding information, you’re fired.” That’s appa...
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India Overtakes UK To Become Fifth Biggest Economy

India Overtakes UK To Become Fifth Biggest Economy

Just a decade ago, Indian GDP was the eleventh largest in the world. Now, with 7 percent growth forecast for 2022, India’s economy has overtaken the United Kingdom’s in terms of size, making it the fifth biggest. India’s growth is accomp...
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