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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 trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.