Goldman says oil could hit $100, demand might reach ‘new record high’ in the next two years
Goldman Sachs predicts a new high in oil demand for next year and in 2023, according to its head of energy research on Friday.
Financial News
Turkish central bank cuts rates, sending lira to record low
Inflation in the country of 84 million is now at more than 21% and has climbed steadily as President Recep Tayyip Erdogan has refused to raise rates.
UK inflation hits 10-year high ahead of key Bank of England meeting
U.K. inflation climbed to a 10-year high in November as consumer prices continued to soar ahead of the Bank of England’s monetary policy meeting Thursday.
‘Land of the lawless’: UK politicians urge government to enforce stricter rules on Big Tech
A group of lawmakers said Tuesday that “major changes” need to be made to the U.K.’s upcoming Online Safety Bill.
‘Even Santa himself won’t be able to deliver’: How the global chip shortage could dampen Christmas
The chip shortage has been rumbling on all year and it still hasn’t gone away, making it hard to get hold of the PS5, the Xbox Series S and the …
Bitcoin mining has totally recovered from Chinese ban
Bitcoin mining has totally recovered from the Chinese crypto crackdown that took more than half the world’s miners offline earlier this year.
Didi is delisting in New York. Here’s what happens if you own a delisted stock
For Americans looking to play China’s growth story, Didi’s delisting from the U.S. shows the rising political risk of investing in U.S.-listed Chinese stocks.
Evergrande slides into default while some ratings agencies keep quiet
With no confirmation that Evergrande made interest payments in time, Fitch Ratings declared the Chinese developer in ‘restricted default’ on Thursday.
Amazon fined $1.28 billion by Italy’s antitrust regulators
Amazon has been fined 1.13 billion euros ($1.28 billion) by Italian antitrust regulators for abusing its market dominance.
Social Democrat Olaf Scholz elected German leader as Merkel era ends
Scholz, a member of the socialist SPD party, will lead a three-party coalition with the Greens and the pro-business FDP party.