Time and money are largely interchangeable terms. - Winston S. Churchill

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Oil is still needed. BlackRock and Vanguard will continue to invest in fossil fuels

Oil is still needed. BlackRock and Vanguard will continue to invest in fossil fuels

Two of the world's largest asset managers have responded to Britain's environmental goals by saying they will continue to invest in oil, coal and gas. BlackRock, Vanguard and several other investment firms believe that fighting climate change now is impossible. This is understandable: the energy crisis in the EU is

Elon Musk is under investigation by U.S. federal authorities for his behavior in the Twitter acquisition deal - Bloomberg

Elon Musk is under investigation by U.S. federal authorities for his behavior in the Twitter acquisition deal - Bloomberg

Twitter is convinced that Musk "bluffed all along by claiming to be out of the deal. Musk's fraudulent and illegal actions collapsed the social network's stock, hurting the company's investors while improving the American billionaire's bargaining position."

WSJ seeks reasons for OPEC's oil production cuts, but they are obvious: Saudi Arabia needs money to develop its own economy

WSJ seeks reasons for OPEC's oil production cuts, but they are obvious: Saudi Arabia needs money to develop its own economy

According to WSJ sources, U.S. officials called Saudi Arabia a few days before the OPEC meeting. They asked to postpone production cuts and also warned that a drastic reduction would mean an acceptance by Russia. Next year, Saudi Arabia will only be able to provide money for the budget

From dirt to riches. Production of unclaimed gas in the U.S. is rising at a rapid pace

From dirt to riches. Production of unclaimed gas in the U.S. is rising at a rapid pace

The energy crisis in the EU caused gas prices to skyrocket tenfold. This has prompted oil and gas companies, which previously sold gas at cost or burned it off, to sell it in the EU. U.S. oil and gas giants are ramping up LNG production, taking advantage of high

Gazprom Neft intends to announce a new partnership on Karabash project soon, - deputy head Yakovlev

Gazprom Neft intends to announce a new partnership on Karabash project soon, - deputy head Yakovlev

Earlier, the Spanish company Repsol withdrew from this project. "Gazprom Neft has not stopped or shifted the terms of any production project due to the withdrawal of foreign partners from Russia," Yakovlev said. "Gazprom Neft does not intend to withdraw from any of its foreign projects," Yakovlev said.

Brokers BCS and Sberbank have applications malfunctioning

Brokers BCS and Sberbank have applications malfunctioning

In the case of the BCS app, clients cannot log into their personal accounts and the app, and Sberbank's SberInvestorX investor app does not work. Possible reason: the rally in Gazprom shares.

U.S. companies try to trade with Russia through Turkey - Frank Media

U.S. companies try to trade with Russia through Turkey - Frank Media

U.S. businessmen offer Turkish companies to conduct joint business on trade in Russian goods for certain commission payments. However, Turkish companies are afraid of secondary sanctions. Now American companies buy Russian goods through the Russia-Turkey-Dubai-U.S. chain. The most sought-after goods are petrochemicals, mineral fuels, precious metals and gems,

Joe Biden wrote off $10,000 to $20,000 in student loans

Joe Biden wrote off $10,000 to $20,000 in student loans

The new package includes student debt relief, an extension of the 4-month moratorium on student loan repayments, and plans to cap payments on such loans at 5% of the borrower's income. Loans would be forgiven up to $10,000 for Americans with an annual income of less than $125,000.

Beluga doubled its net profit for the year, - company report

Beluga doubled its net profit for the year, - company report

The company's revenue grew by 37%. Alcohol segment (wholesale) grew by 22%. Profitability was 9.2% against 6.6% last year. Alcohol segment (retail) grew by 53%. Profitability was 10.8% compared to 7.1% last year. In July 2022 the Group placed a RUB 7bn bond issue with a

The dollar index went to new highs - the U.S. market may once again begin the chaos

The dollar index went to new highs - the U.S. market may once again begin the chaos

As we said earlier, talk of a "dovish" Fed reversal is too exaggerated. The market agreed with this thesis and turned back to the dollar. U.S. Treasury bond yields are also rising, approaching 3%. New US inflation data and the Fed meeting in Jackson Hole await us in the