Russia and China are continuing to eliminate the US dollar from mutual trade as monthly volumes on the ruble-yuan pair have reportedly soared 1,067% to nearly $4 billion over the past three months. According to Bloomberg calculations, some 25.91 billion yuan, or $3.9 billion, have been exchanged for rubles on …
Read More »Russia’s oil revenue soars despite sanctions – Bloomberg
Russia’s oil export revenue has jumped some 50% since the beginning of 2022, Bloomberg reports, citing data from the International Energy Agency (IEA). According to the agency’s monthly market report, Moscow has earned some $20 billion each month this year from sales of crude oil and oil-related products. The earnings …
Read More »Gas price in Europe soars above $1,900 per 1,000 cubic meters
According to data from the Intercontinental Exchange (ICE), the price of November futures on the TTF hub in the Netherlands rose to $1,936 per 1,000 cubic meters, as of 8:28am GMT. The price of gas on the European market has nearly tripled since the beginning of September, when October futures …
Read More »Foreign direct investment in China soars by nearly 34% this year
According to its report, the Chinese service sector drew in the largest amount of foreign capital – some 482.77 billion yuan ($74.61 billion) – soaring 33.4% year on year. The high-tech industry also saw a significant increase in foreign investment – by 39.4%. High-tech services attracted 42.7% more investments than …
Read More »Jeff Bezos’ wealth soars above $211 BILLION after Pentagon calls off Microsoft contract
Amazon shares jumped 4.7% on the announcement, prompting Bezos’ net worth to soar $8.4 billion on Tuesday alone. Bezos, who officially stepped down as Amazon’s CEO earlier this week but kept his 10.3% stake in the company, is now worth $211 billion – a record high since the Bloomberg index …
Read More »AMC stock soars over 20% as Reddit-fueled rally extends to another week
Shares of AMC surged 23% to nearly $57 on Monday, following an 80% rally in the previous week. AMC has gained more than 120% since the beginning of the month, after a wild growth of 160% in May, pushing its 2021 rally to over 2,600%. Last week, the trading frenzy …
Read More »Russia-China trade turnover soars nearly 25% since beginning of 2021
According to the data, the total volume of trade between the two countries during the period amounted to $50.65 billion, marking year-on-year growth of 23.6%. In May alone, Russia-China trade turnover reached $10.449 billion. Exports of Chinese goods to Russia increased by 35.3% to $22.921 billion, while imports of Russian …
Read More »Biden’s border crisis: Number of kids detained soars past record levels as Dems blame Donald Trump
More than 4,200 minors were being held in “jail-like” holding facilities near the US’ southern border as of Sunday morning, according to a CBS News report on Monday. Nearly 3,000 of these children were being held past the legal limit of 72 hours, after which Customs and Border Protection (CBP) …
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