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How Russia is finally entering the rare earths arena — albeit belatedly and with major hurdles 11/11/2025

Undersea Fibre-Cables Form the Hidden Backbone of the AI Internet Boom 11/09/2025

Dubai overtakes New York in Savills' Best Cities for Millionaires ranking 11/10/2025

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Economics

Facebook to test new advertising technology in Ireland

On the eve of the national abortion ban referendum, which will be held in Ireland on May 25, Facebook began testing a new technology to block placement of certain advertising content. Thus, the social network has been repeatedly criticized for inefficient opposition to attempts to influence opinion...

The EC green-lights ArcelorMittal - Ilva deal

The European Commission approved acquisition of the Italian steel producer Ilva by the international concern ArcelorMittal. This transaction will not have a negative impact "on the European industry, it employs millions of employees and consumers," said EU Commissioner for Competition Margrethe...

Japan tightens regulation of cryptocurrency exchanges

Japanese regulators announced a tightening of regulation of crypto instruments in an attempt to prevent new problems after Coincheck exchange was hacked in January of this year. In order to protect investors and reduce the risks of large-scale hacker attacks, the Financial Services Agency of Japan...

Stress Test On Greek Banks Shows They Will Loose $18.6 Billion Of Capital: ECB

A stress test conducted by the European Central Bank on the banks of Greece has revealed that in the case of an adverse economic scenario, around 15.5 billion euros ($18.6 billion) of the capital holding or 9 percentage points of total capital of the four biggest banks of Greece would be lost by...

California Is Now The 5th Largest Economy In The World, Surpasses The UK

New U.S. federal data made public Friday claimed that the economy of the United Kingdom was surpassed to become the fifth largest economy in the world by the economy of the state of California in the U.S. The data said that compared to 2016, $127 billion was added opt the gross domestic...

Nearly $2 Billion A Year Loss Of Business In Japan Because Of Pollen

Businesses across Japan are hit every year during springtime because of widespread bouts of hay fever even though this is also the seasons when there is blooming of the famous cherry flowers throughout the country as well. The Dai-Ichi Life Research Institute, a research firm in situated...

Interest Rates Raised To 40% In Three Hikes In Eight Days In Argentina

In a surprising move, the urate of interest was raised by the central bank of Argentina thrice within a span of just eight days even as the currency of the country – peso, continued opt register a sharp downward journey. About the week ago, the rate of interest in the country was...

New EU budget: Winners and losers

The European Commission presented the draft budget of the EU for 2021-2027. Germany will pay more, and Poland and Hungary can be punished with a reduction in payments. The fight for finance promises to be tough. The negotiations on the so-called "long-term financial planning" in the European Union...

Tesla reports huge loss in Q1 2018

The manufacturer of electric vehicles Tesla reported a record quarterly loss. It amounted to 710 million dollars in the first quarter of 2018. The company has been reporting a loss for the fifth consecutive quarter, writes Fortune. Sales for the reporting period amounted to 3.4 billion dollars....

Fed points to stagflation in the US

On Wednesday, the Federal Reserve slightly changed the tone of their statements. The regulator believes that accelerating inflation no longer requires a fast increase in the rate. The Federal Reserve System (FRS) of the United States, following the May 1-2 meeting, decided to keep the interest rate...