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Venezuela’s Ministry of Electric Power announced it would disconnect all cryptocurrency mining farms from the national power grid (SEN, Sistema Electrico Nacional). The measure aims to control the high energy demand from these mining farms and ...
The last LNG carrier that passed the Bab el Mandeb strait off the Yemeni coast did so in February. Since that month, there has been no LNG traffic via the once major energy chokepoint as vessels diverted around Africa—or changed destinations ...
Nickel prices on the London Metal Exchange just had their best week in nearly a year and a half. The surge comes as social unrest rocks New Caledonia. A new report highlighted last week about surging demand for base metals driven by the clean energy ...
The GBP/USD was looking strong at the time of writing on Friday, looking to post a weekly close of around 1.5%, supported by stronger UK data and weaker US macro pointers. In the week ahead, we have key UK inflation numbers and global PMI data to ...
Gold continued to rally in April, trading above $2,400 during the month. The convergence of diverse economic and geopolitical factors suggests the potential for gold to further bolster its gains. Gold’s strength continued in April, with the spot ...
As food prices rise, freelance cameraman Shunmugam Karuppannan is one of many Malaysians feeling the pinch. These days, the 50-year-old thinks twice about taking his family to a restaurant, even if they ate out only once a month previously. The ...
The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether exchange-traded funds next week. But it will likely fail due to a lack of an over-arching regulatory framework for all cryptocurrencies, according to ...
Customers of one of the nation’s largest rental car companies are feeling the sting after renting Teslas only to pay hundreds in gratuitous fuel fees — and then being denied refunds. Hertz, which recently announced plans to offload 30,000 used ...
From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs. Of the world’s 20 largest stock markets, 14 have hit all-time highs recently. The MSCI ACWI Index, which tracks developed and ...
The Ethereum burn address is a unique element within the Ethereum blockchain, specifically designed to permanently remove Ether tokens from circulation. The Ethereum burn address is represented by the address ...
Gold saw strong performance last week, but bulls on the yellow metal might still feel like they’re getting the short end of the stick with rivals like Silver and Copper outperforming gold and hitting record highs. The “Year of Metals” continues ...
Thank you for your generous introduction, Dean Solomon, and thank you for the invitation to be here and share this special day with all of you. Let me begin by congratulating the Class of 2024. Let's give a huge round of applause to our graduates, ...
China’s April imports of unwrought aluminium and products jumped 72.1% on-year to 380,000 metric tons, customs data showed on Saturday. The data include primary metal and unwrought, alloyed aluminium. That brought imports in the first four months to ...
Oil demand will rise further in the medium term, according to Rystad Energy research and modeling, as low-carbon alternatives are not yet sufficiently developed or economically competitive to offset the growing demand for transportation and ...
Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital Currency Group, with no recovery from the bankruptcy. U.S. ...
A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year. Other data in the week like retail sales, new ...
An oil tanker was hit by a missile off the coast of Yemen, Agence France-Presse reported. The vessel was near the Bab el-Mandeb strait about 10 nautical miles (19 kilometers) southwest of the city of Mokha, the report said Saturday, citing maritime ...
New renewable energy capacity grew 50% globally in 2023, and much of the growth centered on the solar energy sector. With demand for solar panels projected to climb 20% in 2024, how is the expansion impacting industrial metals like silver?
Yada, yada, yada, this cryptocurrency crook isn’t laughing now. A New York man swindled more than $1.3 million from friends, neighbors and investors by among other things getting them to invest in bogus real estate projects involving a company named ...
Ukraine’s drone strikes on Russian energy infrastructure earlier this year disrupted 14% of the country’s oil refining capacity and drove up domestic fuel prices, but had minimal impact on electricity output, the Pentagon’s intelligence agency said. ...