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The main events by the morning: November 25


ноября, 25 2024
watermark Economic news

  • The dollar retreated from highs after Trump's new appointments. The dollar is losing ground as investors hope that the choice of the US Treasury secretary will calm the bond market and lead to lower yields. Trump chose Scott Bessent, the founder of the Key Square Group hedge fund, as head of the Treasury Department, Russell Wagt as head of Management and Budget (OMB), and Lori Chavez–Deremer as Secretary of Labor.


  • Elon Musk's condition has set a new record. Elon Musk has again updated his own record for the largest fortune, which reached $347.8 billion. The previous maximum was recorded in 2021 and amounted to $340.4 billion. Amazon founder Jeff Bezos holds the second position with $219 billion, and Oracle CEO Larry Ellison, whose fortune is estimated at $206 billion, closes the top three richest people in the world.


  • A separate application can be made for the digital ruble in the Russian Federation. The Bank of Russia is considering the possibility of creating a single mobile application for working with the digital ruble. This measure is aimed at reducing the costs of small and medium-sized banks, which are afraid of the high cost of infrastructure to support the new currency. Since the digital ruble will become mandatory for implementation, the Central Bank is ready to meet financial institutions halfway in order to minimize their costs.


  • Turkey aims to expand trade with Russia. Turkish President Recep Tayyip Erdogan said on Sunday during a telephone conversation with his Russian counterpart Vladimir Putin that he plans to expand cooperation between Turkey and Russia in a number of areas, in particular, in increasing trade volume.


  • OpenAI can create its own browser. The ChatGPT bot, which made the company famous, will be integrated into the application. If she decides to do this, she will compete with Google's Chrome, which now occupies a dominant position in the market. OpenAI also negotiated the introduction of its technologies into Samsung smartphones. The company had previously entered into a similar agreement with Apple.

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