Dear followers everywhere, welcome to a new global tour of the financial, business, corporate and energy markets around the world and everything new for today, Saturday, November 16, 2024… coming to you from Banker, so stay with us.
Starting from the global gold market and expectations that the yellow metal will reach $3,000 in 2025
Saxo Bank’s head of commodity strategy, Ole Hansen, said that the price of an ounce of gold could reach $3,000 next year.
Global gold prices witnessed a sharp decline of more than 8% during the days following Donald Trump’s victory as president of the United States of America, after the yellow metal recorded new record levels at the beginning of this month, which reflects its impact on global political and economic changes.
From gold to global oil markets, as the giant Russian gas production company Gazprom continued to pump regular quantities of gas to Europe via Ukraine, today, Saturday, but supplies to the Austrian company (OMV) stopped hours after Vienna announced that Russia had notified it that it would cut off… Flows.
Russia has lost almost all of its European customers amid attempts by the European Union to reduce dependence on Moscow and bombings targeting two Nord Stream pipelines to pump gas to Germany in 2022. Before launching the war on Ukraine, Russia was the largest supplier of natural gas to Europe.
The next news in our global tour is from Türkiye, which imposed a fine on Amazon’s “Twitch” due to a data breach
The official Anatolia news agency reported on Saturday that the Personal Data Protection Council in Turkey imposed a fine of two million liras on the gaming platform Twitch, affiliated with Amazon.com, due to a data breach.
The Personal Data Protection Board launched an investigation after 125 gigabytes of data was leaked.
It concluded that Twitch failed to proactively put in place appropriate security measures, and only addressed the issue after the hack.
Returning to Russia and the G7 leaders’ confirmation of continuing to impose costly measures on Russia
On Saturday, the leaders of the Group of Seven major countries affirmed their pledge to continue imposing costly measures on Russia due to its war against Ukraine, by imposing sanctions, export controls and other measures, and pledged to support Kiev no matter what it takes.
A joint statement published today said: “Russia remains the only obstacle to a just and lasting peace.”
The last news on our global tour from Morocco, where a government fund intends to pump $317 million into a project to build the first factory to produce electric car batteries in the country in partnership with a European-Chinese group supported by the German company Volkswagen.
The Deposit and Management Fund, which is the largest government financial investment body in Morocco, will acquire a share in the capital of Gotion Power Morocco, the unit that will supervise the completion of the European-Chinese group’s industrial project “Gotion High-Tech,” according to a press release by the fund.
