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
Tesla CEO Elon Musk has threatened to give the US investment banking giant JPMorgan Chase a bad review on the Yelp platform unless the bank withdraws its $162 million lawsuit against him. Read Full Article at RT.com
Trump praises himself after Biden taps oil reserves
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Former US President Donald Trump slammed Joe Biden’s move to release 50 million barrels of oil from the US strategic reserves, calling it an “attack” on the reserves and claiming credit for filling them up earlier. Read Full Article at RT.com
Trump praises himself for making oil reserves ready for tapping
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Former US President Donald Trump slammed Joe Biden’s move to release 50 million barrels of oil from the US strategic reserves, calling it an “attack” on the reserves and claiming credit for filling them up earlier. Read Full Article at RT.com
Biden’s oil gamble: How US tapping its reserves will influence energy crisis
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Washington has announced plans to release crude reserves from the nation’s stockpile as part of what it calls a global effort by energy-consuming nations to calm the rapid rise in fuel prices. Read Full Article at RT.com
China tech regulation spells end of Alibaba dominance
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Tech giant Alibaba’s stock continued to tumble on Tuesday, falling 18% this month and wiping out all of October’s gains on concerns over possible renewed regulation of online platforms in China. Read Full Article at RT.com
Get ready to pay more for goods as container shipping costs skyrocket
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Large-scale global supply chain issues during the Covid pandemic have been weighing on individual companies, becoming a major reason for their declining profit margins and rising prices for consumer goods. Read Full Article at RT.com
Restaurant chain invests all profits in bitcoin and makes a fortune
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A family-based restaurant chain in Canada has more than quadrupled its gains by investing all profits in bitcoin, which helped keep the firm afloat during the Covid-19 pandemic and allowed it to expand. Read Full Article at RT.com
IMF stresses crypto risks amid ‘Bitcoin City’ plans
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The International Monetary Fund has warned that bitcoin poses “significant risks” to consumers, citing El Salvador’s recent move to make the e-token legal tender as the country prepares to launch a crypto-funded “Bitcoin City.” Read Full Article at
US President Joe Biden has renominated Jerome Powell as chairman of the Federal Reserve for a second term. The move had been widely anticipated by market-watchers. Read Full Article at RT.com
Billionaire Elon Musk has tweeted that 50% of the messages he posts on Twitter are sent while sitting on the “porcelain throne.” Read Full Article at RT.com
El Salvador’s president, Nayib Bukele, announced plans to build a ‘Bitcoin City’ that will be funded initially by bitcoin-backed bonds, doubling down on his bet to harness the cryptocurrency to fuel investment in the country. Read Full Article at RT.com
US tech giant Apple has affirmed its employees’ right to talk about their pay and working conditions. The step comes as a result of its staff’s consolidated efforts to protect themselves in the so-called #AppleToo movement. Read Full Article at RT.com
Tech giant insists its workers may now speak freely about pay, conditions
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US tech giant Apple has affirmed its employees’ right to talk about their pay and working conditions. The step comes as a result of its staff’s consolidated efforts to protect themselves in the so-called #AppleToo movement. Read Full Article at RT.com
