Russian Central Bank Struggles to Halt Ruble Collapse
The Russian economy is in the throes of a deepening crisis as its currency, the ruble, continues to plummet to record lows, prompting a series of emergency measures by the country’s central bank. With inflation rates remaining stubbornly high and sanctions biting deeper into the economy, Russia faces mounting challenges in stabilizing its financial markets […]
Eastern Europe Central Banks Lead Global Gold-Buying Spree
Eastern European central banks are ramping up gold purchases, with Poland leading global acquisitions as regional monetary authorities seek to shield their economies from geopolitical risks. The Czech National Bank aims to double its gold reserves to 100 metric tons within three years, Governor Ales Michl told Bloomberg Television after inspecting the country’s holdings at […]
Australia Becomes the First Country to Ban Social Media for Under-16s
Australia has passed the world’s toughest social media restrictions, requiring platforms to prevent children under 16 from accessing their services or face multi-million dollar penalties. The Social Media Minimum Age bill, approved by the Senate on Thursday, requires social media platforms to take “reasonable steps” to verify users’ age or risk fines of up to […]
Underwater Cable Damage by Chinese Ship ‘Extremely Unlikely’ to be Coincidence
A Chinese commercial vessel suspected of deliberately cutting undersea data cables in the Baltic Sea remains surrounded by Danish, German and Swedish warships, as European investigators probe possible Russian intelligence involvement in what they view as a sabotage operation. The Yi Peng 3, which departed the Russian port of Ust-Luga on November 15 loaded with […]
Israel and Hezbollah Trade Accusations of Ceasefire Violations
Israel conducted airstrikes in Lebanon on Thursday and both sides traded accusations of violating a ceasefire brokered by the United States and France that took effect just a day earlier, highlighting the fragility of the agreement aimed at ending more than a year of cross-border hostilities. The Israeli air force struck what it described as […]
Are Banks Quietly Closing Doors on the Crypto World?
In recent years, financial institutions have come under scrutiny for their alleged role in the systematic exclusion of cryptocurrency entrepreneurs, tech founders, and politically controversial figures from the banking system. A practice known as “debanking” has emerged, raising concerns about transparency, due process, and the limits of corporate and governmental influence over financial access. Sam […]
Global Coffee Prices Hit 47-Year High on Supply Squeeze
Global coffee prices have surged to their highest level since 1977, driven by weather-related supply disruptions, increased stockpiling, and growing global demand, forcing major retailers to signal price increases for consumers. March 2025 arabica coffee futures jumped 4.6% to $3.2305 per pound on Wednesday on the Intercontinental Exchange (ICE), marking a more than 70% rise […]
NameSilo Shatters Records as Revenue Soars In Q3 2024
Domain registrar platform NameSilo Technologies (CSE: URL) reported its Q3 2024 financial results, highlighting significant year-over-year revenue and profitability improvements. Revenue for the quarter reached $14.35 million, a 15.2% increase compared to $12.45 million in Q3 2023, continuing an impressive eight-quarter streak of growth. The boost in revenue was attributed to a rise in domains […]
Leaked BYD Email Threatens EV Price War Escalation
Chinese electric vehicle manufacturer BYD is intensifying its role as a dominant force in the global automotive industry. A leaked internal email suggests the company plans to deepen its price war in China, a move aimed at consolidating its leadership in the world’s largest EV market while aggressively targeting international growth. According to reports, a […]
Soma Gold Reports Weaker Earnings And Production Decline in Q3 2024
Soma Gold (TSXV: SOMA) has released its financial results for the third quarter and the nine months ending September 30, 2024. Revenue posted was $22.4 million for the quarter, a slight decrease from $22.8 million in Q3 2023 and a 1.6% decline from the $22.8 million reported in Q2 2024. This drop in revenue is […]