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Economics News

A collection of 554 issues

Binance is being sued because of the TerraUSD crash

On Monday, a U.S. investor sued Binance and its CEO. According to Jeffrey Lockhart, the cryptocurrency exchange falsely marketed Terra USD as a safe asset in the run-up to its collapse. Lockhart also said that Binance's refusal to register with the U.S. government as a securities

Apple is developing the first ever major version of the MacBook Air, - Forbes

Apple is developing a new version of the MacBook Air laptop, which for the first time in its 14-year history will have a screen with a diagonal of 15 inches. In addition, the company is working on a small laptop, which may have a screen diagonal of only 12 inches

Tanzania signs agreement on gas project with Equinor and Shell - Reuters

* The Tanzanian government, Norwegian company Equinor and British Shell signed an agreement to build a $30 billion liquefied natural gas project.

Asian companies are already preparing for the winter heating season - gas prices may continue to rise

India's Gujarat State Petroleum Corp. this month bought LNG cargoes at a 20% premium to summer prices. Spot prices for LNG today are three times higher than the 5-year average. According to expert Bernstein, LNG spot prices may rise by another 50% by the end of the year.

Fed policy likely to contribute to stable global growth - Bank of Japan Governor Kuroda

"But it should be cautious about risks such as stock market volatility and capital outflows from emerging markets," Kuroda said. Despite the Bank of Japan's recent decision to offer unlimited purchases of 10-year JGBs at 0.25%, bond purchases have not increased significantly. Consumption and investment

Qatar's LNG production falls

Qatar's liquefied natural gas production has declined this year, despite requests from European countries to increase production. The country's exports from January to May amounted to 35 million tons of LNG against 36 million in the same period last year. EU countries are trying to negotiate

Oman may increase production by 100,000 barrels - Reuters

Oman has discovered new oil fields that will increase its production by 50,000 to 100,000 barrels in the next two to three years, the energy minister said. He added that the Sultanate currently has 5.2 billion barrels of crude oil reserves and about 24 trillion cubic feet

NSD suspended transactions in euros for banking activities - RBC

Transactions in euros by Russian banks with non-residents are now not serviced. This means that Russian companies will not be able to import goods paid for in euros from abroad. Transactions in other currencies take place as usual. NSD declared an emergency situation in depository and banking activities amid EU

Shanghai recovers: Starbucks opens doors after quarantine

Starbucks Corp. said it is reopening its stores in Shanghai. 600 of the 940 locations opened on the third day after restrictions in the region were lifted. So far, the coffee shops are offering takeout orders only. Bloomberg estimates that Starbucks sales in China could decline 23 percent in the

Fed's Mester: Inflation has not yet peaked

It will take us a few months to see a steady decline in indicators. Only after that will we determine with certainty the peak in inflation. At the next two meetings, the Fed will be in a good position to consider the appropriate pace of further rate hikes and assess