Topic

World News

A collection of 563 issues

There are fewer billionaires in the world

The number of billionaires in the world has fallen from 2,775 to 2,688 people in 2022 compared with last year. Their combined fortune fell from $13.1 trillion to $12.7 trillion, according to a report by Swiss bank UBS. It is noted that 360 people's

Americans' credit card debt hits record $866 billion in Q3

Americans' bank card debt reached a record $866 billion in the third quarter, up 19% from a year earlier. That's according to a report from credit agency TransUnion. The data indicates that people are turning to credit cards and unsecured loans to cope with high inflation amid

Russia increased oil production before the embargo

Russia Increased Oil Production by Two Percent Before Embargo Russia before the introduction of the EU embargo was able to increase oil production by two percent in November, to almost 1.49 million tons per day, Kommersant wrote, citing a source familiar with the statistics. Since the beginning of the

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: