Bitcoin rose 7.93 percent to $31,780.51 at 2200 GMT on Monday, up $2,334.8 from its previous close. The world’s biggest and best-known cryptocurrency is up 25.1 percent from the year’s low of $25,401.05 on May 12. Ether, the coin linked to the ethereum blockchain network, rose 9.8 percent to $1,989.38 on Monday, adding $177.54 to…
Euro’s Losses Deepen After Inflation Data
LONDON—The euro’s losses deepened on Tuesday after data showing eurozone inflation hit a record high in May, but expectations the European Central Bank will soon hike rates kept the single currency on track for its best monthly performance in a year. Rising inflation is usually considered a precursor to tighter monetary policy. The ECB is…
Oil Bull Run Continues as EU Agrees to Ban Most Russian Oil
May 31, 2022
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LONDON—Oil prices extended a bull run on Tuesday after the EU agreed to a partial and phased ban on Russian oil and China decided to lift some coronavirus restrictions amid rising demand ahead of the peak U.S. and European summer driving season. Brent crude for July, which expires on Tuesday, rose $2.11, or 1.7 percent,…
Oil Surge Fans Inflation Fears, Dampens Stocks
May 31, 2022
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LONDON—European shares opened weaker on Tuesday and Wall Street was tipped for a fall, as surging oil prices fanned fears of further acceleration in global inflation, forcing the U.S. Federal Reserve and other central banks to keep raising interest rates. Markets ignored signs that China’s economic pain may be abating amid easing COVID-19 curbs and…
Russia’s Gazprom Halts Gas Deliveries to Dutch Trader GasTerra, Effective Immediately
May 31, 2022
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Russia’s Gazprom has cut off gas supplies to Dutch gas trader GasTerra after it had failed to comply with requirements to pay for deliveries in Russian rubles. GasTerra said in a statement on May 30 that it has “decided not to comply with Gazprom’s one-sided payment requirements.” Russian President Vladimir Putin issues a decree in March stating that from…
Moscow Shrugs Off EU Oil Ban: ‘Russia Will Find Other Importers’
May 31, 2022
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Moscow struck a defiant tone in reaction to the European Union’s new partial ban on Russian oil imports, with a senior Kremlin official saying his country would simply pivot to other importers. E.U. leaders agreed at a May 30 summit in Brussels to embargo the majority of Russian oil imports into the bloc by the…
Predicted Features of Apple’s iOS 16 Ahead of Unveiling At WWDC
Apple, Inc. will hold its annual Worldwide Developers Conference from June 6-10, with the keynote scheduled for Monday. The company is expected to announce its newest operating system and other products during the keynote. The iOS 16, codenamed Sydney, will represent a significant upgrade, with several changes across the OS, Blomberg columnist Mark Gurman said. The…
If You Have These Models of iPhone, iOS 16 Won’t Be Supported
Apple, Inc.’s annual Worldwide Developers Conference is almost around the corner. The highlight of the software-focused event is the release of the latest versions of the company’s operating system, named iOS 16 for iPhones and iPadOS 16 for iPads. Bloomberg columnist Mark Gurmanis preparing Apple users to expect “fairly significant” enhancements across the board with the new…
Elon Musk Comments on Twitter De-Boosting, Says It’s ‘Weird’: What You Should Know About This Feature
Elon Musk, who has made an offer for Twitter, Inc. on Sunday engaged in a conversation on the platform regarding de-boosting. What Happened When Cleantechnica writer Johnna Crider inquired on Twitter why the platform is de-boosting many of Musk’s supporters when they reply to him, the Tesla, Inc. CEO reasoned that it could be due to…
Australian Casino Fined $80 Million for Illegal Chinese Money Transfers
May 31, 2022
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Victoria’s Gambling and Casino Control Commission (VGCCC) has fined Crown Melbourne $80 million (US$57.5 million) for organising a scheme that enabled illegal money transfers from China. The fine was imposed after the VGCCC’s investigation revealed that Crown casino set up a process to circumvent Chinese currency restrictions and allow funds to be transferred out of…
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