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The main events by the morning: November 2


November, 02 2024
watermark Economic news

  • Google's fine of 2 undecillion rubles exceeds the total wealth of the world. The total wealth of the entire world, according to the Boston Consulting Group, is $477 trillion. This is less than Russia's requirements for Google – 2 undecillion rubles (one with 36 zeros). This amount also exceeds the global GDP for last year – $105 trillion.


  • Nvidia will replace Intel in the Dow Jones index. The manufacturer of Nvidia chips will be included in the Wall Street Dow Jones Industrial Average index from November 8. Nvidia will replace its competitor, Intel, which has been part of the index since 1999. Nvidia shares have grown by more than 180% in 2024. The value of Intel's securities fell by about 50% over the same period.


  • Russia and Norway have agreed on fishing conditions in the Barents and Norwegian Seas. The countries have approved the allowable catch of cod, haddock and other types of aquatic biological resources for 2025, according to Rosrybolovstvo. The quota for cod fishing has become the lowest in the last 33 years.


  • Iraq has once again entrusted a Chinese company with the development of the Mansuriya gas field. The Iraqi Oil Ministry has signed a contract for the development of the Mansuriya gas field with a consortium from the Chinese oilfield services company Jereh and the private Iraqi Petro Iraq. It is expected that the initial production volume at the field will amount to 100 million cubic feet per day and then exceed 300 million cubic feet/s, which will supply the Mansuriya gas plant.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.