French mining company Imerys has announced its intention to launch the development of “one of the largest” lithium deposits in Europe. It is located in the commune of Beauvoir (Normandy, France) and, according to the company’s calculations, will be capable of producing up to 34,000 tons of lithium hydroxide per year for at least 25 […]

Renowned stock investor Katie Wood, who manages the Ark Invest funds she founded, is a big fan of bitcoin and cryptocurrencies in general. Speaking on Peter McCormack’s “What Bitcoin Did” podcast on Monday, Katie Wood talked about her first position in BTC, stating that she bought $100,000 worth of bitcoin when the cryptocurrency was worth […]

WhatsApp has been experiencing its first large-scale global disruption since last year for several hours. Users of the messenger WhatsApp (owned by Meta, whose activities were recognized as extremist and banned in Russia) reported a failure in its work, according to the data of the service for tracking the work of Internet resources Downdetector. By […]

The Vedomosti newspaper reports that banks are short of gold investment bars amid a sharp increase in demand for them on the part of the population. Andrei Vasiliev, executive director of Uralsib’s precious metals operations department, told the newspaper that there is a shortage of bars because of the limited production capacity of refineries that […]

The Bank of Japan left unchanged the main parameters of monetary policy (MPC) at the end of the two-day meeting on Friday. Short-term interest rate on deposits of commercial banks in the Central Bank remained at minus 0.1% per annum, the target yield of ten-year government bonds – about zero, according to the statement of […]

The capitalization of US technology giants has fallen by almost $800 billion, and Ilon Musk as the owner of Twitter fired the social network’s executives – these and other important news for the morning of Friday, October 28, in our daily review. Over the past week, the largest technology companies have depreciated by almost $800 […]

The U.S. stock market fell on Wednesday as the outcome of the U.S. midterm elections was still unclear, although it looked like Republicans would take control of the House of Representatives. A divided government means more gridlock in Washington as lawmakers are forced to compromise or block each other’s programs. That increases the likelihood that […]

The withdrawal of foreign companies from the Russian market will severely affect competition in the country, and even the acquisition of assets by Russian managers will not cover the loss of the economy from this, according to Sberbank CEO German Gref. About it writes RBC. “I do not evaluate well the departure of foreign vendors […]

The dollar declined in early European trading on Wednesday, giving back some of its gains from the previous day ahead of the release of key U.S. inflation data. At 03:00 Eastern Time (08:00 GMT), the dollar index, which tracks its exchange rate against a basket of 6 other currencies, was trading 0.1% lower at 110.340, […]

The cost of December futures for Brent crude oil on the London-based ICE Futures exchange fell by 0.5% to $91.89 per barrel. The price of Brent crude oil fell below $92 per barrel for the first time since October 31. The price of WTI crude futures on the New York Mercantile Exchange falls 1% to […]

Amazon has become the first publicly traded company to lose $1 trillion in market value, and its stock fell 4.3% to $86.14 on Wednesday, bringing its market value now to $879 billion, Business Insider writes. Back in July 2021, it was worth nearly $1.9 trillion. Such a decline is almost equal to the loss of […]

Currency analysts at DeutscheBank argue that the UK has moved on from the crisis phase seen in late September and the pound has started to trade like a normal currency. Sterling will therefore move in line with conventional factors including yields and the current account deficit. While the bank believes that an exit from life […]

After cryptocurrency exchange FTX turned to rival Binance for help amid a liquidity crisis and Binance backed out of the deal, venture capital firm Sequoia Capital told investors that it was reducing its investment in FTX to zero, Business Insider writes. Because of the risk, Sequoia wrote a letter to its investors on its Twitter […]

The dollar exchange rate is weakly declining against the euro and recovering against the yen after a sharp fall against almost all world currencies the day before, caused by data on a significant weakening of inflation in the United States. As it became known on Thursday, consumer prices (CPI index) in the U.S. in October […]

Most Asian stock indices rose on Friday after softer-than-expected U.S. inflation data warranted a slightly less hawkish interest rate outlook, and China’s lifting of some COVID-19-related restrictions led local markets to surge. On Friday, Chinese authorities shortened quarantine times for residents and inbound travelers, and lifted a fine for airlines that bring in infected passengers. […]

Entrepreneur Ilon Musk, who recently acquired social network Twitter (NYSE:TWTR), in his first address to employees admitted that the company may go bankrupt. About it writes Bloomberg with reference to sources. The warning came two weeks after Musk closed the deal to acquire the platform for $44 billion. During this time, the businessman fired up […]

The annual rate of inflation in the US fell more than expected in October, suggesting that the worst of the post-pandemic price surge is behind us, bolstering hopes that the current cycle of interest rate hikes will end soon. U.S. consumer prices rose 7.7% from a year earlier, down from 8.2% in September and clearly […]

FTX CEO Sam Bankman Fried lost 94% of his fortune overnight, and now Bloomberg estimates that the crypto investor’s 2 largest assets are worth $1 each, writes Business Insider. Back at the beginning of the week, his fortune was $16 billion and he lost 94% to $1 billion on Tuesday. On Tuesday, Bankman Fried announced […]