JPMorgan Chase has revised its midyear US growth outlook, sharply lowering expectations for second-quarter annualized real GDP growth to 1% from 2.5%, Bloomberg reported on Friday. The largest US bank also cut its projection for the third quarter to 1% from 2%. However, growth is expected to tick up to …
Read More »Analysts warn of fall-out from Russian oil embargo
The Russian oil embargo is likely to add to the problems already facing both Russia and the European Union, analysts polled by Germany’s Der Spiegel. Due to the ban on oil imports from Russia, which the EU introduced this week as part of the sixth round of Ukraine-related sanctions, inflation …
Read More »Almost half of Biden’s subscribers on Twitter are bots, analysts claim
Almost half of the 22.3 million followers that President Joe Biden’s account on Twitter has are not real people, Newsweek reported on Tuesday citing analysis provided by a small software firm. The same measure was used by Elon Musk to pause his acquisition of the social media giant. SparkToro, which …
Read More »Analysts reveal why Beijing is going after Russian gas
Energy-hungry China is reportedly looking to boost its purchases of natural gas from Russia due to the ongoing trade row with Canberra, which may put at risk deliveries from Australia, China’s number one gas supplier. China, the world’s largest natural gas consumer, heavily relies on energy imports. In 2020, the …
Read More »China’s new military toy might dominate the Pacific, analysts warn
The world’s largest naval force, the People’s Liberation Army Navy (PLAN), might soon be reinforced with a new aircraft carrier. The huge vessel, which is more than 1,000 feet (over 300 meters) long, will add to China’s two seagoing airbases. Commonly known as the Type 003 and yet to receive …
Read More »Nearly 90% of bitcoin have been mined, and new coin issue unlikely after 2140 – analysts
Unlike other forms of money, including fiat currencies, which can be printed on the whim of central banks, bitcoin has a limited supply capped at 21 million coins by elusive inventor Satoshi Nakamoto. This means there will only ever be 21 million bitcoin in existence. By August 2021, approximately 18.7 …
Read More »Analysts downgrade 2021 forecast for oil to $70 per barrel, predicting that coronavirus variants may cool demand recovery
According to the monthly Reuters poll, $70 per barrel looks to be a more realistic projection for Brent Crude prices for the rest of 2021, rather than the previously predicted $80 per barrel. The survey of 38 analysts suggests Brent might hover at around $68.76 per barrel – up slightly …
Read More »America analysts downbeat as Washington chooses to withdraw its diplomatic presence in Siberia & Russia’s remote Far East
The decision, which has echoes of the Cold War. albeit with roles reversed in terms of the paranoia at play, will see diplomatic offices close in the Far Eastern capital Vladivostok, and in Ekaterinburg, Russia’s fourth largest city, located east of the Ural Mountains. President Donald Trump’s administration notified Congress of the …
Read More »Big happy family: Kamala Harris’ husband, MSNBC analysts leave jobs to join Biden administration
Emhoff will officially leave his law firm DLA Piper by January 20, inauguration day. “Mr Emhoff is working with the Biden/Harris transition team to develop the portfolio he will focus on to support the work of the administration,” a Biden campaign spokesperson said. It is currently unknown which administration role …
Read More »Amazon seeks intelligence analysts to track down ‘labor organizing threats,’ calls job listings a mistake after backlash
The two job listings said the company was in search of new intel analysts for its Global Intelligence Program, both of which were to be based in the Phoenix, Arizona area. One of the employees would be tasked with tracking “sensitive topics that are highly confidential, including labor organizing threats …
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