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Rio Tinto plans to sell assets worth $5-10 billion 12/05/2025

Tesla Accelerates Market Repositioning With Launch of Lower-Cost Model 3 Variant in Europe 12/05/2025

Venezuela rejects forced sale of Citgo 12/04/2025

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Economics

US and Europe declare truce in trade war

The US and European authorities have agreed to end the trade war temporary. They have suspended all customs duties imposed as part of the dispute around Boeing and Airbus, stated the head of the European Commission, Ursula von der Leyen. According to her, a truce on the results of negotiations with...

Modest GDP Growth Target For 2021 Set By China Even As Economy Improves

China – the second largest economy of the world, has set itself a relatively modest annual economic growth at just over 6 per cent for the current year while also setting a target to create more jobs in its cities compared to last year as the economy slowly emerges from the hit to its economy last...

US Will Fight Chinese Trade Barriers, Says Biden's Trade Representative Choice

According to Katherine Tai, the nominee for the posy of trade representative of the United States as chosen by President Joe Biden, the new administration would continue to work to address a range of trade related issues with China including a number of "unfair" trade and economic practices of the...

Citi Says Bitcoin Is At A ‘Tipping Point’ Between Going Mainstream And Speculative Implosion

The Citigroup has said that the crypto currency bitcoin is at a “tipping point” and could turn out to be the currency of choice for international trading. That helped the largest crypto currency of the world in terms of market cap to rise more than 7 per cent on Monday following some...

Musk Backs Cryptocurrencies By Saying The Prices ‘Seem High’

Earlier, Musk had stated that for him “holding Bitcoin” for an “S&P 500 company” seemed “adventurous”. Tesla’s chief executive officer, the billionaire Elon Musk has remarked that Ethereum and bitcoin process “seemed high” during the time when cryptocurrencies have been at their record high as...

US Fed: US economy will face new problems

The US Federal Reserve (Fed) has predicted new problems for the national economy, Reuters writes. The US central bank's management spoke about possible threats in a speech before Congress with the traditional report for the last six months. According to the Fed's assessment, there remain...

Lithuania Destination Of UK Fintech Because Of Brexit

With a growing number of United Kingdom linked digital financial companies getting licenses in Lithuania so that they are able to operate within the European Union due to the complexities created by the Brexit, this EU country is fast becoming a fintech hub. According to the Invest...

Musk Says Bitcoin Seems High, Says Elon Musk Says, After It Crossed $1tn In Market Value

With the crypto currency bitcoin touching new record highs again as late as last Friday, the co-founder and chief of the United States based electric car maker Tesla is of the opinion that the current prices of bitcoin “seem high”. He made this comment on Saturday. This Friday, a...

US DOJ launches investigation on market manipulation after Reddit traders riot

Prosecutors have already requested information on GameStop and AMC stock trades in a criminal case of market manipulation. The Securities and Commodity Futures Trading Commission is also looking into the actions of Reddit traders with stocks and silver futures. The US Department of Justice has...

US authorities to extend financial assistance to air carriers

The US House Financial Services Committee has approved a proposal to provide another $15bn financial aid package to US airlines. This was reported by Reuters. This is the third bailout package for the airline industry, which is in serious crisis in a pandemic. The package will be included in the...