Moscow is looking for ways to unpeg settlements with foreign partners from the US dollar, RBK reported on Saturday, citing sources in the financial market and the government.
Russia has stepped up efforts to switch international settlements to national currencies after a number of Western nations placed sanctions on the country earlier this year in connection with the conflict in Ukraine. As sanctions jeopardized Russia’s transactions in euros and the dollar, these currencies have been deemed compromised.
However, the exchange rate used in cross-border trade in local currencies is still calculated through the dollar. For example, when determining the ruble-tenge rate, the rate of the Kazakh currency is calculated through the dollar to determine the ruble price of a tenge and vice versa.
Massachusetts Institute of Technology’s new discovery could finally usher the development of solid-state lithium batteries, which would be more lightweight, compact, and safe than current lithium batteries. The growth of metallic filaments called dendrites within the solid electrolyte has been a longstanding obstacle, but the new study explains how dendrites form and how to divert them. This is a goal that’s been pursued by labs around the world for years.
The key to this potential leap in battery technology is replacing the liquid electrolyte that sits between the positive and negative electrodes with a much thinner, lighter layer of solid ceramic material, and replacing one of the electrodes with solid lithium metal. This would greatly reduce the overall size and weight of the battery and remove the safety risk associated with liquid electrolytes, which are flammable.
The Nov. 16 study published in Science Advances elaborated on the planet’s “stabilizing feedback system,” which has allowed the existence of diverse life-forms for the past 3.7 billion years or so. While this feedback has been assumed before, the study now serves as primary evidence for the existence of this system.
“You have a planet whose climate was subjected to so many dramatic external changes,” said MIT climate scientist and study co-author Constantin Arnscheidt. “Why did life survive all this time? One argument is that we need some sort of stabilizing mechanism to keep temperatures suitable for life. But it’s never been demonstrated from data that such a mechanism has consistently controlled Earth’s climate.”
The Trucker Commission in Canada has showcased testimony from top Trudeau officials regarding the designation of the trucker convoy protests as a “threat to national security” requiring invoking the Emergencies Act.
This idea seemed strange until it was mentioned that it is following precedent. The state of West Virginia was formed during the Civil War when citizens of the new state didn’t agree with the unconstitutional actions of the state of Virginia which seceded and formed a new country.
The General Staff of the Armed Forces of Ukraine appealed to the Belarusians not to allow themselves to be involved in Russia’s war against Ukraine and warned of a possible terrorist attack at the Belarusian nuclear power plant.
Former UK Prime Minister Boris Johnson has been awarded the title of honorary citizen of Kiev, the Ukrainian capital's Mayor Vitaly Klichko said.
"The Kiev City Council has approved the decision to award former UK Prime Minister Boris Johnson the title of honorary citizen of Kiev," Ukrainian media outlets quoted Klichko as saying in a social media post on Thursday.
"Boris has visited the Ukrainian capital many times. Boris Johnson has done and, I am sure, will continue to do all he can to ensure that Britain and world leaders will provide Ukraine with the help it needs," the Kiev mayor said.
China is ready to expand practical cooperation with Cuba and strengthen coordination on global and regional issues, Chinese President Xi Jinping said on Friday during a meeting with his Cuban counterpart Miguel Diaz-Canel.
"China is ready to cooperate with Cuba to deepen mutual political trust, expand practical cooperation, strengthen mutual support on issues of interest to both sides, and is ready to strengthen coordination on global and regional issues," China Central Television quoted the Chinese president as saying.
Xi Jinping also noted that Cuba was the first country in the Western Hemisphere to establish diplomatic relations with China.
Ukraine’s Rovno, Khmelnitsky and South Ukraine nuclear power plants and the Zaporozhye NPP lost external power for the first time ever on Wednesday, International Atomic Energy Agency (IAEA) Director General Rafael Grossi said in a video statement on Thursday.
"While the world has been focused on the dangerous situation at Zaporozhye, Europe’s largest nuclear power plant, we must not forget the country’s other nuclear facilities," Grossi said. He stressed that on Wednesday, for the first time ever, the three Kiev-controlled nuclear power plants, as well as the Zaporozhye site, "lost external power and were disconnected from the grid."
"They were all forced to rely on emergency diesel generators for the electricity they need to ensure their continued safety and security," the IAEA chief added.
Grossi emphasized that "this unprecedented situation would have been unimaginable just months ago" and "it is deeply worrying."
Russian forces obliterated a US-made AN/TPQ-37 counter-battery radar in the Donetsk People’s Republic in the past day during the special military operation in Ukraine, Defense Ministry Spokesman Lieutenant-General Igor Konashenkov reported on Wednesday.
"In the area of the settlement of Nikolayevka in the Donetsk People’s Republic, an AN/TPQ-37 counter-battery radar of US manufacture was destroyed," the spokesman said.
In the areas of the settlements of Volnyansk in the Zaporozhye Region and Chervonopopovka in the Lugansk People’s Republic, Russian troops wiped out two Ukrainian missile/artillery armament and ammunition depots, the general added.
Russian forces delivered fire by artillery guns and heavy flamethrower systems, thwarting an attack by Ukrainian marine infantry and eliminating over 30 enemy troops in the Kupyansk area in the past day, Konashenkov reported.
Canadian Prime Minister Trudeau Castro channeled his inner Castro as his fascist government announced a statewide ban on the sale, purchase, and transfer of handguns effective immediately last October.
Some New Yorkers are understandably upset that so many resources, and tax dollars, are going to illegals who are not citizens, rather than to New Yorkers in need. New Yorkers, like all Americans, are struggling with out of control housing costs and the steep rise in cost of consumer goods.
Yesterday the Pentagon announced another transfer of weapons to the Ukrainian military:
According to the Pentagon, the package includes:
Additional munitions for NASMAS
150 heavy machine guns with thermal imagery sights to counter Unmanned Aerial Systems (UAS)
Additional ammunition for HIMARS
200 precision-guided 155mm artillery rounds
10,000 120mm mortar rounds
High-speed Anti-radiation missiles (HARMs)
150 High Mobility Multipurpose Wheeled Vehicles (HMMWVs)
Over 100 light tactical vehicles
Over 20,000,000 rounds of small arms ammunition
Over 200 generators
Spare parts for 105mm Howitzers and other equipment
The $400 million is being sent to Ukraine through the Presidential Drawdown Authority (PDA), which allows President Biden to send arms straight from US military stockpiles.
The Pentagon is clearly scraping the bottom of the barrel.
As we discussed last night, Sam Bankman-Fried has now demonstrated that he is both a pathological liar and a sociopath, the kind who in “explaining” to his employees how he stole billions (over $4 billion according to new FTX CEO John J. Ray) from the now bankrupt FTX, an act which left it insolvent and without liquidity, called it “loans” which were “generally” not used for “large amounts of personal consumption” (just “small amounts” used for such trivial items as $40 million penthouses and private jets). And the only reason we don’t officially call him a criminal just yet, is because he has not yet confirmed he used client money from his exchange to fund his personal hedge fund, an act which would cost any other individual decades in jail… but not prominent democrats like SBF or Jon Corzine, of course. Plus it’s the US legal system’s job to do that, not ours. Although we are growing increasingly skeptical this prominent Democratic donor will ever see the inside of a courtroom.
Thousands of workers across approximately 40 countries are planning to take part in 'Black Friday' protests to demand better wages and working conditions in the company's warehouses, as the global cost-of-living crisis increases
The protests will coincide with the largest holiday shopping season of the year, which means Amazon warehouse workers are going to be very busy for the next week as consumers panic buy deeply discounted items, though there might be a huge problem: less than 24 hours before the big sale begins, Bloomberg reported Amazon warehouse workers across 40 countries are about to strike.
We would note that the world's biggest retailer has longstanding ambitions to automate its warehouses - with robots that don't strike.
Amazon workers in the US, UK, India, Japan, Australia, South Africa, and across Europe are set to walk out of warehouses on Friday as they demand higher wages and better working conditions amid the worst inflationary environment the world has seen in decades.
The labor action is called "Make Amazon Pay" and is coordinated by an army of trade unions, with support from civil society and environmental groups.
Italians on unemployment benefits who turn down reasonable job offers will have their access to social security payments revoked in new laws expected to be introduced by Giorgia Meloni’s new administration.
In a pledge to clamp down on a relief scheme that Meloni claims rewards laziness and is widely abused, the new Italian prime minister vowed to amend the citizens’ income available across the country, making it conditional upon those who receive job offers while receiving the benefit to take the position.
The citizens’ income is an initiative first introduced by the left-wing Five Star Movement and sees over 3.5 million Italians receive a payment of €780 per month. Receipt of the benefit is widely skewed toward the poorer south of the country where 2.3 million of the recipients reside.
As Meloni announced her first budget on Tuesday, she claimed it was wrong “to put people who can work on the same level as those that can’t."
“Faithful to our principles, we’ll keep helping those who can’t work. For the others it will be abolished,” she added.
The system is expected to undergo an overhaul at the beginning of 2024.
Meloni’s budget sought to stimulate the economy with €35 billion euros of increased spending or tax cuts.
The Wall Street Journal recently reported that the Biden administration has decided not to provide the drones, although other reporting disputed that claim and said a final decision hadn’t been made.
In a letter to Secretary of Defense Lloyd Austin, 16 senators expressed "concern" over the reports that said the administration has declined to send the MQ-1C. The senators asked the administration to give "careful reconsideration" to the Ukrainian request.
The letter was led by Sen. Joni Ernst (R-IA) and was signed by many members of the Senate Armed Services Committee, including ranking member James Inhofe (R-OK).
The senators said the MQ-1C and other long-range capabilities would provide "Ukraine additional lethality needed to eject Russian forces and regain occupied territory."