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US petroleum exports exceed imports

US petroleum exports exceed imports

American oil has found its way to the global oil market. After the ban on crude oil exports from the US was lifted in 2015, American oil has literally flooded the market. Currently, every fourth barrel of oil produced in the US goes for export. This autumn was the first time when the United States exported more petroleum than it imported since the records began in 1949.
11:26 2019-11-21 UTC+00
Germany claims “digital sovereignty” from US

Germany claims “digital sovereignty” from US

Countries under different political systems express the opposite rhetoric on the Internet and its social influence. Autocratic state leaders launch a crackdown on anti-government web resources, whereas liberal countries adopt a flexible approach. In essence, all of them pursue the same goal as the independent Internet.
09:34 2019-11-21 UTC+00
Could Trump’s tariffs ruin Christmas?

Could Trump’s tariffs ruin Christmas?

US President Donald Trump keeps ruining relationships not only with his foreign rivals but also with his fellow citizens. Trump has already damped spirits of many foreign partners, and now the average American can experience his bad temper. In particular, Donald Trump's ill-considered decisions may spoil the holiday season.
06:59 2019-11-21 UTC+00
Fed sees no reason to cut interest rate

Fed sees no reason to cut interest rate

The Fed’s final meeting is approaching in December making market participants alert to any comments from the officials. Investors are looking for the clues whether there will be another rate cut in 2019. That is why the recent statement of Federal Reserve Chairman Jerome Powell has received so much attention.
06:45 2019-11-21 UTC+00
Swiss central bank owns record $94 billion in US stocks

Swiss central bank owns record $94 billion in US stocks

In Europe, there is such a saying: "No money, no Swiss." Switzerland is famous for its banks which have become synonymous with reliability, wealth, and success. The banking sector makes a significant contribution to the success of the country.
12:12 2019-11-20 UTC+00
Russia produces more expensive oil than its rivals

Russia produces more expensive oil than its rivals

Russia is unlikely to compete with Saudi Arabia when looking for foreign investors in the oil industry. It turns out that the cost of oil production in Russia is much higher than in Saudi Arabia. The Russian oil will remain expensive even with the use of the latest technology and in case Western sanctions are lifted.
14:04 2019-11-19 UTC+00
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