Global Coal Consumption Is Up This Year … But So Too Are CO2 Emissions
Russia’s decision to dramatically curtail natural gas supply to much of Europe in 2022 has caused many countries to increase coal consumption, due both to the lack of availability of previous sources of natural gas and the related substantial increase in the price of the clean-burning fuel. Specifically, many European countries, as well as India, […]
Australia’s Central Bank Issues Unprecedented Apology for Misleading Mortgage Holders on Interest Rates
In a rare statement from a major central bank, the Reserve Bank of Australia (RBA) is sounding regret over its enormously flawed guidance on interest rates and inflation, issuing an apology to new homeowners that took on a mortgage under the guise that borrowing costs would remain ultra-low for a long period of time. “Well, […]
Trade Bloc EEU Looking to Create Joint Payment System With BRICS
The Eurasian Economic Union (EEU) is looking to create a joint payment system with BRICS countries, in an effort to cut dependence on the US dollar and other western currencies. The EEU, a Russia-led post-Soviet bloc consisting of Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan focusing on the free trade of goods, services and capital amongst […]
The Royal Bank Has No Interest In Lower Housing Costs
In our last post about housing costs, this column looked at the anatomy of the average mortgage, and the squeeze that is being put on mortgage holders as rising rates at the Bank of Canada push the variable rates on mortgages issued by Canadian lenders past the trigger rates. Our example was a borrower whose […]
Europe’s Energy Crisis: Germans May Face Winter Catastrophe if they Don’t Drastically Cut Gas Usage
Germany is bracing for a cold, hard winter ahead. The country may have to resort to drastic rationing in the new year, should gas storage levels dip below critical levels. Data from Gas Infrastructure Europe shows that Germany’s gas storage facilities were 98.95% full as of November 23— a comfortable level to start the cold […]
FTX On Crosshair For “Any Potential Violations Of Bahamian Law”
Bahamian authorities are still investigating the collapsed cryptocurrency exchange FTX, according to Attorney General Ryan Pinder, even after the firm has signed its bankruptcy papers. Pinder added that the Bahamas Securities Commission, Financial Intelligence Unit and the police’s Financial Crimes Unit would “continue to investigate the facts and circumstances regarding FTX’s insolvency crisis, and any […]
The Spatial Web & Putting AI To Work — With Gabriel René
Joining us on the Daily Dive today is Gabriel René, founder & CEO of Verses Technologies (NEO: VERS). This afternoon, Gabriel sits down with us to help us wrap our brains around the Spatial Web, and how it bridges the gap between the digital and the real world. He also provides us with the latest […]
Alleged Jeffrey Epstein Victims Accuse JPMorgan and Deutsche Bank of Enabling Sex-Trafficking Ring
Two unnamed accusers of the late Jeffrey Epstein on Thursday filed separate civil lawsuits against JP Morgan Chase & Co. and Deutsche Bank AG, alleging that the banks enabled and financially benefitted from Epstein’s alleged sex trafficking operation. The lawsuits, which seek class-action status and unspecified financial damages, were filed under a new law in […]
Binance, Other Crypto Firms Prepare To Bid For Voyager After FTX Collapse
Binance, as well as other crypto firms are gearing up to restart the bidding process for the embattled digital currency lender Voyager Digital. The lender was forced to go back to the bidding process earlier this month after FTX, its supposed buyer, imploded following a liquidity crunch. The company, which filed for Chapter 11 bankruptcy […]
Another One Bites The FTX Dust: BlockFi To File For Bankruptcy, Cut Jobs
Leaked documents show firm has liabilities around $1 billion – $10 billion and owes the Securities and Exchange Commission $30 million. The FTX implosion continues to unravel long after the crypto exchange’s bankruptcy has been finalized. Crypto lender BlockFi is reportedly planning to file for chapter 11 bankruptcy today. According to a source who told […]