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World News

A collection of 451 issues

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

The good start has been overshadowed by the Fed's outlook. The S&P 500 Index is down 0.8%

After a 1% gain earlier in the day, U.S. stocks turned around. The negativity returned to the market after the speech of Harker from the Fed, who reminded that the regulator plans to raise the rate to 4% by the end of the year. As a reminder, the forecast

Snap falls 23% on postmarket after report

The company posted historically weak quarterly sales growth. Revenue per customer was also down. Following Snap stock, Pinterest and Meta* are falling, and expectations for the sector are very poor.

22-23 years will be a period of funding crisis for small and medium-sized enterprises - Frank RG

There will be a decline in bank lending amidst the degradation of the economic environment, as well as accumulated problems, and thus a deterioration of payment discipline on the part of SMEs. The only thing that can support lending is the continuation of SME financial support programs, which already overshadowed

The European Commission proposed to oblige EU countries to share gas with each other in case of shortages

The EC also proposed the creation of a joint gas purchase mechanism. EU companies would be allowed to form a consortium for purchasing gas. The European Commission has recommended targeted interference in the formation of market prices for gas due to high exchange prices.

Oil trades below $90 a barrel again, Biden's getting the market even?

Earlier we reported that the White House intends to release another 15 million barrels of oil from the SPR. Also, the EIA predicts a surplus in the oil market next year. Probable reason: falling demand in the face of recession.

Gazprom's BoD approved the investment program and budget for 2022

The total volume of investments will amount to 1,979.7 billion rubles. This is RUB 222 billion more than in the original investment plan. Capital investments will amount to 1,746.3 billion rubles. Gazprom is explaining the change in the investment program by the increased amount of investment

The recovery continues. S&P 500 rises 1.3%

The U.S. stock market is up almost 4% in two days. However, there is no special reason for rebound. The inflow of liquidity to the market is due to redemption of treasuries by the U.S. Treasury. Reporting season has started and many US banks have already presented their

Elon Musk announced his intention to introduce a donation option in the Starlink project, - IZ

The Pentagon is already discussing the possibility of financing the project to ensure its operation in Ukraine. Also, Lithuanian Foreign Minister Gabrielius Landsbergis said that the EU is also considering the possibility of paying for Starlink services in Ukraine.

The EU intends to conquer the market for electric cars

The European Union should offer more support to car manufacturers and component suppliers in Europe. This is necessary to create our own electric cars that can compete with products from the U.S. and China, said Emmanuel Macron.