Financial News

The European Union on Friday agreed to cap Russian oil prices at $60 a barrel, after several days of intense negotiations over an appropriate level.

OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy.

Bitcoin could crash to $10,000, a more than 40% plunge from current prices, veteran investor Mark Mobius told CNBC on Thursday.

The remarks are timely, with the crypto industry reeling from one of its most catastrophic failures in recent history: the downfall of FTX.

Moscow faces what’s likely to be months more fighting, military losses and potential defeat.

BlockFi was one of the first firms to be “rescued” by former billionaire Sam Bankman-Fried’s FTX earlier this year.

Consumers spent a record $9.12 billion online shopping during Black Friday this year, according to Adobe.

The BQ coronavirus subvariants are likely resistant to key antibody medications used by people with compromised immune systems.

As many economies reel from the impact of Russia’s invasion of Ukraine, a select few countries are benefiting from an influx of Russian migration and accompanying wealth.

Mainland China reported more than 31,000 Covid infections for Wednesday, including asymptomatic cases.