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World News

A collection of 450 issues

It makes sense to slow down the pace of rate hikes a bit, - Mester of the FSR

In an interview for CNBC, Mester said that the rate hike step at the December meeting could be below 0.75% (i.e. 0.5%). According to her, the Fed is already seeing the results of its policies and is willing to slow the pace of tightening. Nevertheless, markets have

Construction of LNG terminals will cost Germany more, Spiegel

The construction of mobile LNG terminals will cost the German budget almost twice as much as originally planned. The publication writes that the Ministry of Economics in 2022 was going to spend about 3 billion euros on terminals, and now the estimate has increased to 6.56 billion. One of

Russian market grows by 1% amid rumors about the US-Russia talks in Turkey

Financial sector stocks, which have been one of the worst performers since the beginning of the year, are doing best. The "run-up" of shares from Gref is helping Sber shares grow. Sber reported a profit for the third quarter. The Russian stock market is approaching pre-mobilization levels. New

Meta is laying off more than 11,000 employees, a 13 percent drop.

The company is laying off employees because of huge costs and declining advertising revenue. During the year, the company's stock plummeted 70%. Meta plans to implement additional cost-cutting changes in the coming months.

AMD presented next generation graphics cards

Novelties are built on graphics processor with RDNA 3 architecture. New graphics processor on RDNA 3 includes 58 billion transistors, and their density is increased by 165% compared to graphics processors on RDNA 2. Radeon RX 7900 XTX has 24 GB of GDDR6 video memory. The power consumption level of

Changes in Twitter are beginning: Blue will now cost $8 a month to subscribe

Elon Musk is already beginning his transformation of the social network. The premium subscription will now allow users to post long videos and audio content and see far fewer ads. Also, every premium subscriber will be marked with a blue check mark, which previously was only for verified media or

Russian fossil fuel exports will never return to the levels seen in 2021, IEA

The share of Russian energy resources in the world market will halve by 2030. The IEA questions the reorientation of Russian energy supplies to the East. For example, the growth of demand for gas in China will fall to 2% in the current decade against 12% in the 10-ies. IEA:

U.S. home prices continue to fall. The economy is cooling down.

The U.S. home price index fell 0.7% in September. Annual growth slowed from 13.9% to 11.9%. Demand for real estate is falling precipitously amid rising mortgage rates. That's a positive for the markets. The S&P 500 Index is up 1%. After all,

The gross harvest of wheat in Russia will increase by 41.4% in 2022, - the Central Bank of Russia

In general, according to the Bank of Russia, the harvest of many crops will exceed last year's level. However, exporters have problems - according to the monitoring data of the Russian Grain Union, in July and September the volume of grain exported was 22% lower than in 2021.

Is the world running out of copper? Trafigura sounds the alarm, - FT

Global copper stocks have fallen to dangerously low levels, one of the world's largest commodity traders Trafigura warned. According to the company, the copper market is now operating with stocks that cover just 4.9 days of global consumption. This year is expected to end at 2.7