The price of West Texas Intermediate (WTI) crude oil on Wednesday (April 17) closed down 2.67 dollars after the United States revealed that crude oil stocks increased more than expected. This shows sluggish demand in the market.
West Texas crude oil price (WTI) down 2.67 dollars for delivery in May, closing at 82.69 dollars/barrel.Brent North Sea London Introduced in June. it fell $2.73 to close at $87.29/barrel.
Energy Information Administration (EIA) of the US governmentEIA) revealed that the stockcrude oilThe United States picked up 2.7 million barrels last week. while analysts were expecting an increase of just 1.6 million barrels.
in addition WTI oil price has fallen while investors do not expect the conflict between Israel and Iran to escalate into a war in the region.
The Israeli War Cabinet has postponed the third meeting on a decision to retaliate against Iran until today. From the original schedule yesterday Western nations have urged Israel to avoid attacking Iran. This will make the situation worse.
wall street newspaper The Journal reported that Iran is reducing the number of advisers to the Islamic Revolutionary Guard Corps (IRGC).IRGC) from Iran located in Syria.
Green Transition Is Among The National Priorities Of…
“Green transition” is among the national priorities of Azerbaijan.
As Day.Az reported on Monday with reference to Trend, this was stated by the appointed president of COP29 Mukhtar Babayev in his speech during the first press conference of the COP29 chairmanship.
He mentioned that hosting COP29 in Azerbaijan is a manifestation of the international community’s confidence in the policies pursued by Azerbaijan under the leadership of President Ilham Aliyev at the national and international levels, including efforts to help address climate change.
“As part of the chairmanship and holding of COP29, our country will demonstrate constant activity towards strengthening global solidarity on climate change issues,” M. Babayev emphasized.
Noting that the “green transition” is among Azerbaijan’s national priorities, M. Babayev also said that the country has joined the “Global Methane Commitment” initiative, which provides for the voluntary adoption by states of reducing methane emissions, and has set a goal of increasing the share of renewable energy sources in installed electricity capacity up to 30 percent by 2030.
Tesla Admits Error In Severance Packages Sent Via…
Tesla Announces Workforce Reduction
Tesla has recently announced a significant workforce reduction, amounting to more than 10% of its global employees, which totaled approximately 140,000 individuals by the end of 2023. The company’s CEO, Elon Musk, stated in a companywide memo that these layoffs are aimed at preparing Tesla for its next phase of growth.
Shift in Strategy
Earlier this month, Reuters reported that Tesla is shifting its strategy by abandoning plans to produce a more affordable electric vehicle. Instead, the company will focus on the development of robotaxis under Musk’s direction. Musk seemingly confirmed this shift in a recent post on X.
Future Plans
It remains uncertain whether Tesla will adhere to Musk’s 2023 “master plan,” which outlines a proposed path towards achieving a sustainable global energy economy through electrification and sustainable electricity generation and storage.
Financial Performance
Despite these changes, Tesla reported an 8.5% year-over-year decline in first-quarter deliveries, marking the first drop since 2020. The company’s executives are expected to provide more details about the restructuring and the departments most affected during the upcoming shareholder meeting on April 23.
CEO Compensation
In a recent proxy filing, Tesla has requested shareholders to approve a CEO pay package for Musk that mirrors the record compensation plan granted to him in 2018. Musk’s previous $56 billion CEO pay plan was voided by a Delaware chancery court judge,
Japan, US, And South Korea Close Talks On…
2024-04-18 00:06:00
At the first finance ministers’ meeting held on the 17th, Japan, the United States, and South Korea agreed to “closely discuss” trends in the foreign exchange market. Photographed in December 2015 (2024 Reuters/Kim Hong-Ji)
WASHINGTON (Reuters) – Japan, the United States, and South Korea agreed to “closely consult” on foreign exchange market trends at their first finance ministers’ meeting held on the 17th.
The joint statement acknowledged the “serious concerns of Japan and South Korea regarding the recent rapid depreciation of the yen and won,” and added, “In line with the existing G20 commitments, we will continue to monitor trends in the foreign exchange market.” We will consult closely.”
“We will continue to work together to promote sustainable economic growth, financial stability, and orderly and well-functioning financial markets.”
Following the announcement of the statement, the dollar fell against the yen. 1 dollar=154.18 yen. It has since returned to 154.32 yen, but remains below the 34-year high of 154.79 yen reached on the 16th.
The last time Japan intervened in foreign exchange was in October 2022, when the dollar was at 151.94 yen.
Helen Given,
In Tunisia, The Government Plans To Decriminalize Bad…
For almost four years, Olfa has lived cloistered at home. Sentenced in absentia to thirty-five years in prison for bad checks, this 45-year-old mother, divorced and originally from Radès, in the southern suburbs of Tunis, is still wanted by the authorities. “If I didn’t have faith, I would have committed suicide”confides this former business leader who went bankrupt following the Covid-19 crisis and is only waiting for one thing: the reform of the legislation – particularly severe in Tunisia – on bad checks, like President Kaïs Saïed promised it in March 2023.
Read also | In Tunisia, buying foreign currencies is still an obstacle course despite reforms
Today, article 411 of the commercial code provides for five years in prison per rejected check – the penalties being cumulative – and a fine of 40% of the amount of these checks. This law deemed disproportionate “does not allow the creditor to recover his dues, nor the convicted person to regularize his situation since he is behind bars”had raised the Tunisian president. Official figures communicated at the end of 2022 show an alarming situation: more than 7,000 people are believed to be detained for having issued bad checks – or a third of the prison population – and more than 450,000 people are wanted.
Commercial Banks Continue To Push USD Prices To…
The USD price at banks today exceeded 25,440 VND and reached the allowed ceiling according to the regulations of the State Bank, while SJC gold fluctuated in opposite directions.
Commercial banks continue to push USD prices to the ceiling. (Photo: Vietnam+)Commercial banks continue to raise USD prices to the ceiling. (Photo: Vietnam+)
This morning session (April 17), the central exchange rate and commercial banks continued to increase sharply to 25,440 VND, this is the third consecutive session that banks raised it to the ceiling, while the price of gold bars fluctuated. opposite movement.
At 9:15 a.m., Phu Quy Company is currently trading from 81.70 to 83.70 million VND/tael, an increase of 200,000 VND/tael compared to the previous session’s close.
Similarly, Saigon Jewelry Company listed in Ho Chi Minh City area from 81.80-83.80 million VND/tael, an increase of 100,000 VND/tael compared to the previous session’s closing price.
At the same time, Hanoi Doji Company and Ho Chi Minh City Doji Company decreased by 200,000 VND/tael, currently the company listed SJC gold price from 81.50-83.80 million VND/tael.
Notably, the buying/selling difference at these businesses is up to 2.1 million VND/tael.
Wilk On The Construction Of The CPK: Even…
#Wilk #construction #CPK #pensioner #Ustrzyki #Dolne #benefit
“According to PWC, an increase in air connectivity by 10 percent is half a percent of additional GDP. Even a pensioner from Ustrzyki Dolne will benefit from the construction of this airport,” said Maciej Wilk, president of the YES for CPK Association, in a morning conversation on RMF FM. “There will be greater air connectivity, more trade, more investments, more tourism. Each of us will have more money in our wallet,” he assured.
Wideo youtube
Maciej Wilk emphasized at the very beginning of the conversation that he does not make money by promoting the idea of the Central Communication Port. I earn enough in Canada to be able to work pro bono here, he explained. When asked why the CPK issue is such a hot topic, he said: “It is a matter of new aspirations that have appeared in society.”
Aspirations leading to the creation of new, good infrastructure in Poland – in this case, aviation, which will help us connect with the whole world – explained Wilk.
Taiwanese Chipmaker TSMC Surges On Rising AI Demand,…
TSMC Reports Impressive Q1 Results, Beats Market Expectations with 9% Rise in Net Profit
Taipei, Taiwan – TSMC, the world’s largest contract chipmaker, announced its first-quarter financial results on Thursday, surprising the market with a 9% increase in net profit that surpassed expectations. The stellar performance was attributed to the surging demand for semiconductors used in artificial intelligence (AI) applications.
Strong Demand for AI Semiconductors Drives TSMC’s Success
Taiwan Semiconductor Manufacturing Co Ltd (TSMC), a major supplier to tech giants Apple Inc. and Nvidia, has been able to weather the decline in pandemic-related electronics demand, thanks to the rising wave of interest in AI. As a result, TSMC’s stock reached a record high, bolstering confidence in the industry.
Rise in Net Profit and Revenue Outperform Market Forecasts
TSMC recorded a net profit of T$225.5 billion ($6.98 billion) for the first quarter, beating the market’s expectations of T$218.1 billion. The impressive performance showcased TSMC’s ability to consistently outshine its competitors. The company also reported a 13% year-on-year increase in revenue, reaching $18.87 billion, surpassing its own earlier forecast.
TSMC’s Greener Pastures Reflect in Capital Expenditure and Share Prices
The company’s capital expenditure for the first quarter rose to $5.77 billion,
Huawei Pura 70 Series Goes On Sale, Starting…
Huawei Launches Highly Anticipated Pura70 Series Smartphones
Huawei has officially announced the release of the much-anticipated Huawei Pura70 series on April 18. The announcement was made by Huawei Terminal on their official Weibo account, stating that the Pura 70 Ultra and Pura 70 Pro will be available for sale at Pioneer starting at 10:08.
The Huawei Pura70 series features four models – Pura 70, Pura 70 Pro, Pura 70 Pro+, and Pura 70 Ultra, with prices starting at 5,499 yuan. These smartphones come equipped with dual satellite communications, a new generation of super-concentrating main cameras, second-generation Kunlun gl ass, one-inch outsole sensor, and other cutting-edge technologies.
Huawei Mall has confirmed that the Huawei Pura 70 Pro+ and Huawei Pura 70 will be available for sale on April 22.
The decision to launch the Pura70 series on April 18 holds significance as it marks the 12th anniversary of Huawei’s P series. Huawei’s P series has been a flagship product for smartphone photography, setting benchmarks and winning the favor of consumers over the years.
With the launch of the Pura70 series, Huawei aims to begin afresh with a new attitude, focusing on aesthetics and imaging while embracing features of extreme and simplicity.