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Gold Rush 2.0: South Koreans Snag Gold Bars from Vending Machines and Convenience Stores

In a novel retail twist, gold bars are now just an arm's reach away for snack-hungry shoppers in South Korea, lined up next to everyday items like kimchi and ramen in convenience stores. As the frenzy for the precious metal reaches new heights in...

Russia’s Oil Revenue Surges in April, Defying Western Sanctions

Russia's oil and gas revenue has seen a dramatic increase. According to a recent Bloomberg report, Russia's total oil and gas revenues in April soared by 90% year-over-year, amassing a substantial 1.23 trillion rubles ($13.5 billion). This financial windfall has significantly boosted the Kremlin's...

TSMC’s $11.6 Billion Boost from Biden Lights Up US Semiconductor Ambitions

In a significant move to revitalize American semiconductor manufacturing, Taiwan Semiconductor Manufacturing Company (TSMC), the world’s premier chipmaker, saw its shares surge by up to 3.2% following an announcement from President Joe Biden's administration. The administration has earmarked nearly $12 billion in a mix...

Argentina’s Dollarization Derailed by ‘Dirty Politics,’ President Milei Claims

Argentine President Javier Milei shed light on the stumbling blocks in his ambitious plan to integrate the US dollar into the Argentine economy—a move hampered not by economic challenges but by what he describes as the nation's "dirty" political landscape. Despite Argentina grappling with...

Russia’s Energy Revenue Soars Amid Rising Oil Prices

Russia's tax revenue from its energy sector saw a dramatic increase in March, soaring by 90% compared to the same month last year. This boost, reported by Bloomberg, comes at a time when oil prices have hit multi-month highs, significantly benefiting Russia's financial coffers. The...

Rivian’s Rocky Road: Q1 Deliveries Fall Short Amidst EV Market Challenges

Rivian, the ambitious electric vehicle (EV) manufacturer, encountered a bump in the road as its first-quarter delivery figures fell short of expectations. Despite a robust year-over-year production increase of approximately 50%, the figures couldn't keep pace with the prior quarter's output, sliding 5% to...