Money

  • Photo of Tesla invented a revolutionary battery

    Tesla invented a revolutionary battery

    (ORDO NEWS) — Elon Musk’s Tesla company is preparing to revolutionize the production of electric vehicles. The company’s engineers, thanks to the so-called “biscuit” technology (“Biscuit Tin”), have created a battery that will reduce the cost of manufacturing a car. In the near future, Tesla experts may present a fundamentally new type of battery for electric vehicles. Thanks to this innovation, the size of components will increase and, as a…

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  • Photo of The origin of gold turned out to be a cosmic mystery

    The origin of gold turned out to be a cosmic mystery

    (ORDO NEWS) — Astronomers calculated the origin of all chemical elements and wondered: where is there so much gold in the universe? The fact is that there are not enough known processes to explain the observed abundance of this precious metal. Details are set out in a scientific article published in the Astrophysical Journal. Astronomers believe that the earliest atomic nuclei appeared in the era of primordial nucleosynthesis, which began…

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  • Photo of Russia prefers euro over dollar

    Russia prefers euro over dollar

    (ORDO NEWS) — 50.8% of all exports from Russia to China in the second quarter of this year were paid in euros. This is evidenced by the latest statistics from the Russian Central Bank. Thus, the European currency crossed the 50 percent mark for the second time. This happened for the first time last year. Then the share of the euro in the market decreased slightly, but now for the…

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  • Photo of Miner found the rarest gem and became a multimillionaire

    Miner found the rarest gem and became a multimillionaire

    (ORDO NEWS) — A large miner from Tanzania found another rare gem and became a multimillionaire. This is reported by the Daily Mail. On June 24, Saniniu Laizer, 52, father of 30 children, sold to the government two of the largest tanzanite ever found in the world. The authorities valued the gems at £ 2.4 million. President of the country John Magufuli personally congratulated Lizer on a unique find. “This…

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  • Photo of Rich people are buying up islands to hide from the coronavirus pandemic

    Rich people are buying up islands to hide from the coronavirus pandemic

    (ORDO NEWS) — As a result of the coronavirus pandemic, rich people began to buy up private islands where they are going to hide from a dangerous disease. Most of all they liked the islands, which are located in the South Pacific. The Caribbean, part of the USA and Europe were not left without attention, reports the Financial Times. The sellers of the islands, in turn, say that absolutely anyone…

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  • Photo of NEXT 10 YEARS: there may be a catastrophe that will destroy the global economy

    NEXT 10 YEARS: there may be a catastrophe that will destroy the global economy

    (ORDO NEWS) — COVID-19 was to some extent the first pandemic to fully affect the entire global economy. But experts are confident that a real catastrophe may occur within the next 10 years, which will completely destroy the world economy. Experts have suggested several different scenarios for the development of events at once. Four different scenarios were proposed for the development of events in the future and how exactly they…

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  • Photo of The miner found a huge diamond and got rich

    The miner found a huge diamond and got rich

    (ORDO NEWS) — A resident of the Indian village of Sarcoma, Panna district, Madhya Pradesh, found a large diamond in the mine of 10.69 carats. This is reported by The Sun. Anandi Lal Kushwaha, 35, worked in a private mine he rented. On Tuesday, July 21, he discovered a huge 10.69-carat diamond, which is worth about five million rupees. The stone will be sold at an auction, and the proceeds…

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  • Photo of How to travel at the lowest cost

    How to travel at the lowest cost

    (ORDO NEWS) — Spend on travel less than the average tourist, you can, if you go through the main items of expenditure – transport, accommodation and meals. And when there is not enough money even after this, you can quickly apply for a loan with poor CI in one of the MFIs, where they will not be denied assistance. But how and on what can you save on a trip?…

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  • Photo of What is OPEC and Russia increase oil production?

    What is OPEC and Russia increase oil production?

    US, WASHINGTON (ORDO NEWS) — On Wednesday, July 15, the OPEC + Ministerial Monitoring Committee will hold a virtual meeting to assess current oil production and make recommendations regarding future production volumes. Currently, the OPEC + plan boils down to slightly relaxing restrictions and increasing total production by 2 million barrels per day, starting in August. The OPEC + countries agreed on this gradual increase in production back in April,…

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  • Photo of The dollar fell victim to a pandemic

    The dollar fell victim to a pandemic

    US, WASHINGTON (ORDO NEWS) — When the “coronacrisis” had just begun, the euro rushed down – out of fear that a pandemic could lead to another existential crisis of the monetary union. However, now the single currency is gaining momentum, while the US dollar is losing value. Experts do believe that the euro claims to become a “safe haven.” Eurosceptics, perhaps, could not have come up with a better reason…

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  • Photo of Oil price could jump to $ 150

    Oil price could jump to $ 150

    US, WASHINGTON (ORDO NEWS) — Oil markets began the 2020s with the fact that for the first time in history, they fell below the zero ($ 0) price per barrel. Investors and analysts are trying to figure out what awaits them in the coming decade. Some believe that the crisis will be followed by a boom – predicting that investment in oil and gas production will run out and prices…

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  • Photo of Italian mafia launches money on a large scale

    Italian mafia launches money on a large scale

    US, WASHINGTON (ORDO NEWS) — At first they act kindly. A friendly hand on his shoulder, extended bills, a telephone message: “You know that you can count on us.” The victim agrees. Debts choke her, and she sees salvation in a generous visitor. But after a few months, he comes for debt (at a bloated rate of up to 1,000%) and, if necessary, can threaten with a weapon. After the…

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  • Photo of What are meteorites and how much they are?

    What are meteorites and how much they are?

    (ORDO NEWS) — Some times ago, many children collected postage stamps, and in the early 2000s collected chewing gum liners. These times have passed, so people’s hobbies have become more serious – this is difficult to verify, but at the moment there are more than 40 thousand meteorite collectors in the world. High interest in meteorites is associated with their extraterrestrial origin, because who would not want to have a…

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  • Photo of China prepared to disconnect from dollar payment systems

    China prepared to disconnect from dollar payment systems

    US, WASHINGTON (ORDO NEWS) — China is vulnerable to US sanctions due to the country’s dependence on systems in dollar settlements. This is the opinion of Fang Xinghai, head of the PRC Securities Control Committee. According to him, China needs to prepare in advance for the shutdown, and this is not only a psychological factor. It is emphasized that the issue relates to the CHIPS Interbank Electronic Clearing Settlement System…

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  • China has prepared to disconnect from dollar payment systems

    US, WASHINGTON (ORDO NEWS) — China is vulnerable to US sanctions due to the country’s dependence on systems in dollar settlements. This is the opinion of Fan Xinghai, head of the PRC Securities Control Committee. According to him, China needs to prepare in advance for the shutdown, and this is not only a psychological factor. It is emphasized that the issue concerns the CHIPS Interbank Electronic Clearing Settlement System and…

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  • Photo of China at an economic fork

    China at an economic fork

    US, WASHINGTON (ORDO NEWS) — In 2013, the Chinese government introduced a political program that promised the implementation of real economic reforms, overloaded with debts and skewed under the influence of a large sector of state-owned enterprises of the country. But China did not begin to implement this program, but chose to dodge the risks arising from the transition to market relations (marketization). The country has returned to the methods…

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  • Photo of IMF raised its forecast for oil prices in 2020 and 2021

    IMF raised its forecast for oil prices in 2020 and 2021

    US, WASHINGTON (ORDO NEWS) — The International Monetary Fund (IMF) raised its forecast for oil prices in 2020 and 2021 to $ 36.18 and $ 37.54, respectively, in connection with the new coronavirus pandemic. This is stated in the IMF’s July Bulletin, “Prospects for the Development of the World Economy,” published on Wednesday. In an April report, the IMF predicted that the average price of one barrel of oil would…

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  • Photo of WTO less pessimistic about trade decline in 2020

    WTO less pessimistic about trade decline in 2020

    US, WASHINGTON (ORDO NEWS) — The World Trade Organization (WTO) said Tuesday that global trade in goods this year due to the coronavirus pandemic is likely to decline less than under the worst-case scenario, but expected growth in 2021 may not live up to expectations. The WTO April forecast provides that in 2020 world trade in goods will decrease by 13-32%, and in 2021 it will recover by 21-24%. —…

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  • Photo of Gold stays at a monthly peak amid fears of a second wave of coronavirus

    Gold stays at a monthly peak amid fears of a second wave of coronavirus

    US, WASHINGTON (ORDO NEWS) — Gold prices on Tuesday are held near the maximum level for more than a month, reached a day earlier, as the increase in the number of cases of coronavirus infection has warmed up concerns about the second wave of the epidemic. The spot price of gold rose 0.08% to $ 1.755.82 per troy ounce by 13:41 GMT. On Monday, quotes reached the maximum since May…

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  • Photo of China is becoming a global power, and its banks are following it

    China is becoming a global power, and its banks are following it

    US, WASHINGTON (ORDO NEWS) — American bankers are brave bosses. From his spacious office in Manhattan, the boss of one of the country’s largest banks suggested at the beginning of February that he had few serious rivals – and all of them were located within one to two quarters. “American banks continue to increase their stakes in European banks,” he said. Asia is almost not worth mentioning. “Chinese institutions as…

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  • Photo of Trump escalates against ICC magistrates, threatened with economic sanctions

    Trump escalates against ICC magistrates, threatened with economic sanctions

    US, WASHINGTON (ORDO NEWS) — Already engaged in an unprecedented offensive against the International Criminal Court, Donald Trump raised his voice again on Thursday by announcing economic sanctions to dissuade the jurisdiction from prosecuting American soldiers for their involvement in the conflict in Afghanistan. “The president has authorized economic sanctions against officials of the International Criminal Court who would take a direct part in any effort to investigate or charge…

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  • Photo of Brent price drops below $ 39

    Brent price drops below $ 39

    US, WASHINGTON (ORDO NEWS) — The price of Brent crude during trading fell below $ 39 per barrel for the first time since June 3. The dollar and the euro rose by about a ruble, with the European currency peaking in almost three weeks. The cost of contracts for the supply of Brent oil with execution in August during the auction fell below $ 39 per barrel, according to the…

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  • Photo of US stock markets moved up after a sharp fall on the eve

    US stock markets moved up after a sharp fall on the eve

    US, WASHINGTON (ORDO NEWS) — Trading on the US stock markets on Friday opened with growth. The main indices in the first half hour added 2-3%, oil rose above $ 39 per barrel. On the eve of the indices and fuel fell due to fears of the second wave of coronavirus and a restrained Fed forecast. US companies resumed growth after stock markets opened on Friday. Oil prices also moved…

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  • Photo of Eurozone GDP decline estimate in I quarter revised up to 3.6%

    Eurozone GDP decline estimate in I quarter revised up to 3.6%

    US, WASHINGTON (ORDO NEWS) — The eurozone economy in the first quarter of 2020 contracted less sharply than originally expected, although the decline was still the largest in the history of observations. The GDP of 19 countries of the currency block in January-March fell by 3.6% compared with the previous three-month period, according to the final data of the Statistical Office of the European Union (Eurostat). This is the sharpest…

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  • Photo of Green economy could accelerate Arctic development after corona crisis

    Green economy could accelerate Arctic development after corona crisis

    US, WASHINGTON (ORDO NEWS) — Participants in the online meeting of the Arctic as a Pole for Attracting Green Investment discussion club, hosted by the Arctic Development Project Office (PORA), believe that a green economy could accelerate Arctic development after the coronavirus pandemic. The director of the Arctic direction at the Far East Agency for attracting investments and export support Dmitry Fishkin noted that now the whole world is undergoing…

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  • Photo of France’s GDP drop in 2020 will exceed 10%

    France’s GDP drop in 2020 will exceed 10%

    US, WASHINGTON (ORDO NEWS) — The French economy will shrink by more than 10% this year against the backdrop of the coronavirus pandemic and recover to the level reached last year, only around mid-2022, the country’s central bank predicts. According to the basic forecast of the French GDP regulator, it will grow by 7% in 2021 and by 4% in 2022. Despite the growth of the economy in the next…

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  • Photo of Top 10 cities in China on the dynamics of economic recovery

    Top 10 cities in China on the dynamics of economic recovery

    US, WASHINGTON (ORDO NEWS) — The COVID-19 pandemic has dealt a severe blow to the global economy. The first country to experience the effects of the new disease was China. The presented ranking contains ten Chinese cities that have demonstrated the best dynamics of economic recovery. 10. Changsha In tenth place, the urban district in Hunan Province of China – the city of Changsha. Changsha is a large industrial center…

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  • Photo of US economy goes into recession

    US economy goes into recession

    US, WASHINGTON (ORDO NEWS) — The National Bureau of Economic Research (NBER) said Monday that the US economy, the largest in the world, is in a recession. “The committee recognizes that the pandemic and public health responses have led to a downturn with characteristics and dynamics different from previous recessions,” the NBER business cycle dating committee said in a statement. “Nevertheless, he concluded that the unprecedented scale of the decline…

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  • Photo of China allowed the yuan to fall to a five-month low

    China allowed the yuan to fall to a five-month low

    US, WASHINGTON (ORDO NEWS) — China admits a gradual weakening of the renminbi against a basket of major currencies due to the aggravation of political confrontation with the United States and difficult economic prospects, writes the South China Morning Post, citing analysts. Beijing could also let the yuan weaken against the dollar if US President Donald Trump’s administration imposes tough sanctions on China for pushing Hong Kong’s new national security…

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  • Photo of Saudi Arabia records higher oil sales prices

    Saudi Arabia records higher oil sales prices

    US, WASHINGTON (ORDO NEWS) — Saudi Arabia recorded a record increase in export prices: the cost of the Arab Light reference mix for consumers in Asia was immediately increased by $ 6.10 per barrel – a maximum of at least two decades. On average, state-owned Saudi Aramco raised July supply prices for all of its grades in the range of $ 5.60-7.3 per barrel, well above the expected increase of…

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  • Photo of China set new oil import record in May

    China set new oil import record in May

    US, WASHINGTON (ORDO NEWS) — In May, China increased oil imports by 19.2% compared with the same period last year to a record 11.34 million barrels per day, or 47.97 million tons, the data from the General Customs Administration of the country showed. Imports in May exceeded the previous record by 1.5% – 11.18 million barrels per day – established in November 2019. China bought large quantities of oil at…

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  • Photo of BP announces massive cuts

    BP announces massive cuts

    US, WASHINGTON (ORDO NEWS) — BP, the oil company, plans to cut about 15% of its workforce amid an outbreak of coronavirus and, as part of CEO Bernard Looney’s plan, to transfer the company to work with renewable energy sources, reports Reuters. Looney told employees that a London-based company will cut 10,000 jobs out of the current 70,100, with most cuts to be made before the end of this year.…

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  • Photo of China cancels some deliveries of agricultural products from the US

    China cancels some deliveries of agricultural products from the US

    US, WASHINGTON (ORDO NEWS) — Chinese state-owned companies have canceled some shipments from US agricultural exporters as tensions between Washington and Beijing increase. It is reported by The Wall Street Journal, citing sources familiar with the situation. “Several batches of feed for livestock, corn, pork, cotton and some imported meat supplies are being postponed,” an unnamed manager of a shipping company involved in agricultural imports to China told the publication.…

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