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On November 14th, Musk posted that X has launched a brand new suite of communication features, including encrypted messaging, audio/video calls, and file transfer. X Money (electronic payment service) will be launched soon. X will become an all-in-one application.Japanese Finance Minister Satsuki Katayama: (When asked about the size of the economic stimulus package) The planned economic stimulus measures will be in line with the proactive fiscal policy of the Sanae Takaichi government.Japanese Economy and Fiscal Policy Minister Minoru Shirou: A weaker yen will push up the CPI through increased import costs.On November 14th, analyst Tracy Alloway stated that while the price of imported bananas in the US has actually been declining since the middle of last year, banana inflation remained high at 6.9% as of the end of September. Even with lower production costs, companies may not necessarily pass on cost savings to consumers, and there are currently no signs that most companies feel pressured to do so. Data shows that profit margins for S&P 500 companies actually expanded in the most recent quarter, triggering a significant secondary effect: higher profit margins boosted stock prices, creating a wealth effect where wealthier consumers could freely purchase expensive bananas, further increasing consumer spending. At the same time, companies are more inclined to maintain high-price strategies, which harms the interests of low-income families. Simply eliminating tariffs may not satisfy ordinary consumers worried about prices. If you expect immediate results from eliminating banana tariffs, you may be disappointed.According to Futures News on November 14, the holdings of the worlds largest gold ETF, SPDR Gold Trust, increased by 2.29 tons from the previous day, and the current holdings are 1048.93 tons.

Protests Shut Down El Feel Oilfield and Zueitina Port in Libya

Charlie Brooks

Apr 18, 2022 09:47

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Since March, when the eastern-based parliament selected Fathi Bashagha to replace Dbeibah, Libya has had two rival administrations, reigniting a deadlock between the country's east and west. Dbeibah has resisted ceding control to Bashagha, who has not yet arrived in Tripoli.


NOC, the state-owned oil corporation, stated in a statement that a group of unidentified individuals infiltrated El Feel's facilities the previous day and blocked staff from working.


Meanwhile, two Zueitina oil engineers told Reuters that demonstrators gained access to the port on Sunday morning, stopping a vessel from loading 1 million barrels.


The demonstrators in Zueitina said in a video statement shared on social media that they would shut down the port and its oil fields unless Dbeibah resigns.


The demonstrators, who identified themselves as a group of Zueitina locals including elders, also demanded the dismissal of NOC CEO Mustafa Sanalla for the company's refusal to deliver oil money to Dbeibah's administration.


According to the finance ministry, the NOC sent $6 billion in oil earnings to the ministry's central bank account on Thursday.


Dbeibah's office did not immediately respond to a request for comment.


According to a statement issued Sunday by the oil and gas ministry, these closures "would undermine NOC's position in global markets as a consequence of its failure to meet its responsibilities."

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