Category: Business

Elon Musk’s idea for Twitter
5. 10. 2022 No Responses

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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US Coal Prices Soar Above $200
4. 10. 2022 No Responses

US Coal Prices Soar Above $200

Bloomberg said spot coal prices for the week ending Sept. 30 increased to $204.95 per ton. Data was sourced from US Energy Information Administration, which said this was the highest price in records dating back to 2005. The energy-market shockwaves from Ru...
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Gas Starts Flowing To Poland Via New Baltic Pipeline From Norway
3. 10. 2022 No Responses

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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U.S. and EU Pension Funds Could Face Their Own “Lehman Moment”
1. 10. 2022 No Responses

U.S. and EU Pension Funds Could Face Their Own “Lehman Moment”

The Bank of England intervention this week was a result of pension funds potentially having a “Lehman Moment”. Reports noted that pension plans overseas were hastily selling bonds to try and meet margin calls, a scenario that I am certain we are...
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US Hits Chinese Firms With New Sanctions Over Iranian Oil
30. 9. 2022 No Responses

US Hits Chinese Firms With New Sanctions Over Iranian Oil

The US has slapped new sanctions on Chinese firms related to Iran’s petrochemical and petroleum trade, after years of reports of Chinese tankers engaged in sanctions-busting activity, and at a moment that a finalized restored JCPOA nuclear deal has all but....
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BYD sets prices for EV models intended for Europe
29. 9. 2022 No Responses

BYD sets prices for EV models intended for Europe

Chinese giant BYD, seeking to fast establish a name in Europe, disclosed tentative prices  for three full-electric passenger vehicles to be delivered in six European countries. The Atto 3, a compact crossover, will be sold for 38,000 euros. Two midsize model...
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Russia One Step Closer To Using Crypto In International Trade
28. 9. 2022 No Responses

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
25. 9. 2022 No Responses

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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Boeing Settles With SEC For $200 Million Over “Misleading Investors” On 737 Max Safety
23. 9. 2022 No Responses

Boeing Settles With SEC For $200 Million Over “Misleading Investors” On 737 Max Safety

Boeing Co. reached a $200 million settlement with the Securities and Exchange Commission on Thursday into allegations that the aircraft manufacturer and former chief executive deceived investors and the public about the safety of the 737 MAX plane that kill...
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PayPal Sparks Outrage After Shutting Down Account Of Britain’s Free-Speech Union
22. 9. 2022 No Responses

PayPal Sparks Outrage After Shutting Down Account Of Britain’s Free-Speech Union

Not only can you not express certain views, you can’t defend people’s right to express them. U.S. financial tech company PayPal has been accused of a “sinister form of cancel culture” after its decision to shut down the accounts of the Free...
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India Overtakes UK To Become Fifth Biggest Economy
17. 9. 2022 No Responses

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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White House Releases First Ever Comprehensive Crypto Regulatory Framework
16. 9. 2022 No Responses

White House Releases First Ever Comprehensive Crypto Regulatory Framework

Following U.S. President Biden’s executive order, the White House published a framework for CBDC development and draconian regulation of the crypto ecosystem. The White House has published a legal framework for engaging with bitcoin and cryptocurrencies in t...
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CBDCs are a dystopian implementation of money
14. 9. 2022 No Responses

CBDCs are a dystopian implementation of money

Central bank digital currencies (CBDCs) are being actively developed and discussed in many major nations in the world including 19 of the G20 countries, and around 105 others worldwide, as shown by Atlantic Council statistics in 2022. They are being advanced...
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Pentagon Halts F-35 Stealth Fighter Deliveries Over Use Of Chinese Alloy
8. 9. 2022 No Responses

Pentagon Halts F-35 Stealth Fighter Deliveries Over Use Of Chinese Alloy

The Pentagon suspended the Lockheed Martin F-35 Lightning II deliveries over Chinese rare-earth metals used in magnets for pumps on the stealth fighter jet. Defense Department spokesman Russell Goemaere told Bloomberg in an email that the F-35 program office...
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Indian Petroleum Minister: India will continue to buy Russian oil despite Western pressure
7. 9. 2022 No Responses

Indian Petroleum Minister: India will continue to buy Russian oil despite Western pressure

Indian Petroleum Minister Hardeep Singh Puri told CNBC on Wednesday that his country will continue to purchase Russian oil despite growing pressure from the West. The minister explained that it’s a question of energy security, pointing out that India consume...
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