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Tankers that Russia used to transport its crude oil are "grinding to a halt" under the weight of Western sanctions, which are only expected to tighten. Source: Bloomberg Details: Bloomberg reported that about half of the 50 tankers that the US Treasury began sanctioning in October 2023 have failed to load cargoes since they were listed.
Maruti Suzuki has announced a 0.45% price hike across its models due to increased cost pressure from inflation and increased commodity prices. The hike will take effect from January 16, 2024. The weighted average increase across models is around 0.45%. Other automakers, including Tata Motors, Mahindra & Mahindra, Honda Cars India, and luxury car dealer Audi, have also hiked prices this month
Crypto markets surged over 6% overnight reacting to US SEC Chairmans tweet about crypto investing, Vikram Subburaj, CEO, Giottus Crypto Platform said, attributing the development to the uptick in major cryptos.
Thousands of Argentines took to the streets of Buenos Aires on Wednesday, clashing with police as they protested a decree of sweeping economic reform and deregulation published by President Javier Milei. "The Argentine people chose Milei as president of the nation, not as emperor," he added.
While bitcoin remains far from the investment fever pitch it hit in late 2021, the crypto sector has enjoyed a rally in recent weeks as the expected end of central bank rate-hiking cycles draws cash back into high-risk assets.