Saudi Arabia To Trade In Currencies Other Than The Dollar
Saudi Arabian finance minister Mohammed Al-Jadaan said the Kingdom is prepared to begin to discuss trading with other nations in currencies other than the US dollar, according to a new…
German Chancellor Says No Recession This Year For Germany
According to German Chancellor Olaf Scholz, Germany will likely avoid a recession this year. He attributed that to the nation’s accelerated efforts to diversify its energy suppliers once it ceased…
IMF Warns Global Economy Could Lose 7% Of GDP, If Nations Fragment In Economic Adversity
The International Monetary Fund is sounding the alarm on the global economy, warning that it may lose up to 7% of GDP due to the cost of living crisis, high…
Gold May Rise To Over $2100 In 2023
Industry analysts are predicting gold prices may rise to record highs above $2,000 per ounce this year, as the Federal Reserve slows the pace of rate hikes before stopping them…
Twitter Planning Further Layoffs
On Wednesday, The Insider reported that Twitter is not done cutting staff, with the social media platform preparing to lay off another 50 workers in the company’s product division in…
India Imports 33 Times As Much Russian Crude As One Year Prior
On Monday, Bloomberg, citing data from Vortexa, reported that India’s purchase of Russian crude oil has skyrocketed by a factor of 33, year over year as of December 2022. Last…
Apple Fined $17 Million By Russia For Violating Anti-Monopoly Laws
On Tuesday, Russia’s Federal Antimonopoly Service (FAS) announced it had imposed a major 1.17 billion ruble (over $17 million) fine on US tech giant Apple for violating Russia’s anti-monopoly laws.…
BlackRock’s Larry Fink Says ESG Debate Is Ugly And Polarizing
Larry Fink, the Chief Executive Officer of BlackRock Inc. said he feels ESG investing has become surrounded by a narrative that has become ugly and is creating, “huge polarization.” In…
Microsoft To Lay Off 11,000 Workers Wednesday
According to reports citing people familiar with the matter, on Wednesday Microsoft Corp will cut jobs in a number of engineering divisions, as the company joins the ranks of tech…
Goldman Sachs Sees An Upside To Tesla Price Cuts
Tesla (TSLA) surprised the industry when it instituted huge price cuts last week. Now we are finding out exactly what analysts think the price cuts indicate for the future of…
