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World News

A collection of 792 issues

Meta is developing a decentralized Twitter-like application

Meta is working on the development of a decentralized Twitter-like application. The company itself confirmed the rumors: "We are exploring an autonomous decentralized social network for text messaging. This is a promising project in which users, including public figures and politicians, will be able to share the latest news

China has discovered a major oil field

China National Offshore Oil Corporation (CNOOC) has discovered a large oil field in the Bohai Gulf, it said in a statement. The oil reserves there amount to 100 million tons. CNOOC estimates that a well at the field is capable of producing about 2,040 barrels of crude oil and

Police bust illegal mining farm in school basement in U.S.

Police in Cohasset, Massachusetts are searching for 39-year-old Nadim Nahas. He is accused of secretly setting up a mining farm in the basement of a local school and stealing electricity. "The farm ran from April to December 2021. It was connected to the institution's power grid the

Cameron Winklevoss: "The next bullrun will start from Asia"

Cameron Winklevoss, co-founder of crypto exchange Gemini, believes that the next bullrun will start thanks to investors from Asia. And that in such a scenario, the US must embrace cryptocurrency or the country risks "falling behind the train". Such a prediction is not an unsubstantiated assertion. According to

Сonfiscation

Latvian Saeima passes amendments allowing confiscated cars from drunk drivers to be handed over to Ukrainian government - media

Europe's most troubled economy named

Analysts of the European Commission (EC) have named Sweden the only country in the European Union whose economy will shrink in 2023, Bloomberg reports. The status of the most troubled economy in Europe Sweden has received because of the sharp decline in the housing market, which led to the bankruptcy

Unemployment in Canada held steady at 5% in January

Canada's unemployment rate in January 2023 was 5%, the same as in December, Statistics Canada data showed. The figure is 0.1pc higher than the record low of 4.9% recorded in June and July. The number of people employed in the Canadian economy rose by 150,000,

China has increased its purchases of Russian oil

China has increased its purchases of oil from Russia, Bloomberg reported citing Energy Aspects. At least three supertankers carrying Russian Urals crude, which was bought by state oil and gas companies PetroChina Co. and CNOOC, are on their way to China. Sinopec. According to analysts, they may increase their purchases

National Bank of Moldova cuts base rate to 17%

The Executive Committee of the National Bank of Moldova (NBM) today decided to reduce the base rate from 20% to 17%, NBM Governor Octavian Armasu told reporters after the meeting. Also, the National Bank cut the rate on overnight deposits from 18 per cent to 15 per cent and the

Kuwait Petroleum chief notes oil demand recovery in China

Oil consumption in China, the world's largest oil importer, has rebounded sharply after the lifting of anti-cookie measures. Sheikh Nawaf al-Sabah, CEO of Kuwait Petroleum Corp, said. "An accumulated demand has built up during the pandemic," he told Bloomberg TV. - Now that (China's)