World’s drunkest nation may have to stay sober this Christmas
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Australia, recently revealed as the world’s drunkest country, is heading into this year’s festive season with a shortage of beer amid supply disruptions. Read Full Article at RT.com
Biden says Americans are $100 richer each month than last year
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Americans now have $100 more each month than they did last year despite record inflation, US President Joe Biden said this week, commenting on unemployment insurance claims. Read Full Article at RT.com
‘Crash and depression coming’ to US – Robert Kiyosaki
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Famed writer and economist Robert Kiyosaki has warned investors that the stock markets are about to crash and the US economy is heading into a “depression.” Read Full Article at RT.com
‘Crash and depression’ forecast for US markets & economy
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Famed writer and economist Robert Kiyosaki has warned investors that the stock markets are about to crash and the US economy is heading into a “depression.” Read Full Article at RT.com
Elon Musk has said that nuclear power plants should be kept open unless they are susceptible to extreme natural disasters. His statement comes as California is planning to shut down its last nuclear plant. Read Full Article at RT.com
Italy’s antitrust regulator has fined US e-commerce giant Amazon €1.13 billion ($1.28 billion) for abuse of its market dominance, in one of the biggest financial penalties introduced against a US company in Europe. Read Full Article at RT.com
US investment bank JPMorgan Chase said on Wednesday that 2022 will mark the end of the coronavirus pandemic and see global economic recovery. Read Full Article at RT.com
European gas futures soar as US weighs sanctions on Russia
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The price of natural gas in Europe topped $1,150 per 1,000 cubic meters on Wednesday, or €99 per megawatt-hour in household terms, trading data shows. This comes as Russia, a major energy supplier, faces threats of US sanctions. Read Full Article at RT.com
Australian computer scientist Craig Wright, who claims to be the creator of bitcoin, won a major US court case over the estate of former business partner David Kleiman on Tuesday. Read Full Article at RT.com
Russia’s top banker slams Zuckerberg’s metaverse as ‘unrealistic’
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Herman Gref, the head of Russia’s largest bank, SberBank, has criticized Facebook founder Mark Zuckerberg’s idea of creating a metaverse, or unified platform for virtual and physical things. Read Full Article at RT.com
Staggering travel decline spoils World Aviation Day
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Covid-19 has led to a dramatic drop in global air travel as the aviation industry marks its annual International Civil Aviation Day today, December 7. Read Full Article at RT.com
Fed bigger threat to stock markets than Omicron – Morgan Stanley
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The potential impact of the US Federal Reserve’s move on speeding up the taper of asset purchases may turn into a much bigger headwind for the stock markets than the Omicron Covid-19 strain, analysts at Morgan Stanley say. Read Full Article at RT.com
Shift to EVs could cost half a million European jobs
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A new study by the European Association of Automotive Suppliers (CLEPA) has found that half a million jobs could be lost in the EU by 2040 with the ban on combustion-engine cars and transition to electric vehicles. Read Full Article at RT.com
Goldman Sachs has downgraded its US economic growth forecast for 2022 from a previously expected 4.2% to 3.8%. The outlook was cut due to rising risks and uncertainty around the new Covid-19 variant, Omicron. Read Full Article at RT.com
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
