ABIDJAN (Reuters) – Ivory Coast will lift a suspension on cocoa sustainability schemes run by U.S.-based Hershey on its territory that it imposed earlier this week, according to a letter addressed to the chocolate maker and seen by Reuters. On Monday, Ivorian and Ghanaian cocoa regulators suspended the schemes, accusing Hershey of sourcing large volumes of physical cocoa on the...
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Tested ‘Positive’ For COVID-19? Be Sure To Ask This Question
The lockdowns are based on surging “cases” which are based on positive PCR test results. However, what exactly is a positive PCR test result? What does it mean? As Dr. Tommy Megremis summarized recently: If you are generally aware, the PCR test is used to amplify small amount of genetic material so as to recognize patterns of DNA by “cycling.”...
Ex-CIA head Brennan wrong to call Iranian scientist killing ‘criminal,’ US also carried out such actions, ex-Mossad chief tells RT
Via RT Criticism of the killing of a senior Iranian military researcher voiced by the ex-head of the CIA seems misplaced considering that his chief Barack Obama ordered targeted assassinations himself, a former Mossad head believes. Mohsen Fakhrizadeh was gunned down last week in what many, including top Iranian officials, believe to be a clandestine Israeli operation. RT’s Going Underground...
Go figure – Meet the data firms cashing in on the quant-investing boom | Finance & economics
TRADERS AND their Bloomberg terminals are seldom parted. Some 330,000 people fork out around $25,000 annually to access Bloomberg’s suite of services: financial-market data; graphing and pricing tools; the ability to chat with other market participants. These functions are so vital for bond traders, hedge-fund managers and pension-fund investors that, when the pandemic closed offices worldwide, many lugged their terminals...
Beam Therapeutics: Early Stage Gene Editing Company With Cutting Edge Technology (NASDAQ:BEAM)
Beam Therapeutics (BEAM) is a preclinical stage biopharma with a $3.3B market cap and a recent IPO whose chart looks like this: Source We have been observing, in recent years, these sorts of impossible valuations in certain biopharma with cutting edge science even before they have any products. First, there were the CAR-T companies – these companies became multi-billion dollar...
Central Bank Of Uzbekistan Introduces Parallel Currency: Gold
Submitted by Jan Nieuwenhuijs, the Gold Observer Since November 2020, the central bank of Uzbekistan (CBU) issues sealed gold bars with a QR-code for real time verification. With these new bars CBU aims to stimulate gold to be used as a store of value, as well as promote the circulation of gold. More and more governments and central banks around...
Centerra Gold: High-Risk, High-Reward (OTCMKTS:CAGDF)
The Gold Miners Index (GDX) just exited its best quarter in nearly a decade, and Centerra Gold (OTCPK:CAGDF) was one of the best performers, reporting record margins and a massive increase in free cash flow. Meanwhile, we saw a smooth ramp-up to commercial production at the company’s newest Oksut Mine, with the operation produced 51,000 ounces of gold at below...
JD.com becomes first online platform to accept China’s digital currency
FILE PHOTO: JD.com sign is seen at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, October 20, 2019. REUTERS/Aly Song SHANGHAI (Reuters) – Chinese e-commerce company JD.com Inc said on Saturday it has become the country’s first virtual platform to accept Beijing’s homegrown digital currency. JD Digits, the company’s fintech arm, will accept digital yuan as payment for...
Second Karabakh-War Reshapes Transport Corridors In South Caucasus
Submitted by SouthFront.org, The Second Nagorno-Karabakh War not only led to a shift of the military political balance of power in the South Caucasus, but the agreements reached to put an end to it would potentially greatly reshape transport links, and thus freight and passenger flows in the region. The deployment of Russian peacekeepers to Azerbaijan, the growth of Turkish-Azerbaijani...
Bartleby – How the pandemic is forcing managers to work harder | Business
Dec 3rd 2020 BUSINESSES ARE still struggling to understand which of the pandemic’s effects will be temporary and which will turn out to be permanent. Three new reports attempt to analyse these longer-term trends. One is from Glassdoor, a website that allows workers to rank their employers. Another is from the Boston Consulting Group (BCG), a management consultancy. The third...
South State Corporation: Earnings Growth Outlook Appears Priced In (NASDAQ:SSB)
Earnings of South State Corporation (NASDAQ:SSB) will likely improve in the coming quarters due to higher average loan balances following the merger with CenterState Bank. Further, SSB’s branch consolidation plans and the conversion of CenterState Bank’s systems will drive earnings next year. On the other hand, the margin will likely decline as fixed-rate loans mature, which will limit the earnings...
Russian pipe-laying vessel stops near Nord Stream 2 construction site
Via Yahoo Finance Russian pipe-laying vessel stops near Nord Stream 2 construction site
Erdogan Says ‘Macron Must Go’ – Hopes France Will Rid “Burden” Soon
Recall that in October Turkey’s President Recep Tayyip Erdogan said his French counterpart “needs mental help” over politically controversial remarks on the spate of “Islamist terrorist attacks” that rocked France. On Friday Erdogan is at it again, making statements to Turkish press following an Islamic prayer service essentially saying ‘Macron must go’. “Macron is a burden on France. Macron and France...
Take Five: The clocks are ticking down
(Reuters) – FILE PHOTO: A face of the Big Ben clock tower is seen a day before New Year celebrations, during which the bells of Big Ben will chime at midnight, despite otherwise being silent for the duration of the restoration works currently being undertaken at The Houses of Parliament, London, Britain December 30, 2019. REUTERS/Toby Melville 1/BREXIT MARATHON An...
British index provider to drop eight Chinese corporations after US blacklisting
Via RT Business FTSE Russell, an arm of the London Stock Exchange, announced plans to delete shares of eight Chinese firms from certain products shortly after Washington added them to a blacklist of companies with alleged Chinese military ties. The international index provider will remove shares of the eight enterprises from its FTSE Global Equity Index Series (GEIS), its FTSE...
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The Golden Road Remains Constant
Authored by Roy Sebag via GoldMoney.com, I One must always be careful to distinguish between a truism, a claim or narrative which is so deeply embedded into the fabric of cultural understanding that it is taken to be an indisputable historical fact, and truth, a continuing, self-evident feature of reality which is available to be observed, reasoned about, and tested in the...
Weekly High Frequency Indicators: Nowcast Weakens While Short- And Long-Term Forecast Remain Very Positive
Purpose I look at the high frequency weekly indicators because while they can be very noisy, they provide a good nowcast of the economy and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. They are also an excellent way to “mark your beliefs to market.” In general, I go in order...
U.S. labor market losing steam as COVID-19 pandemic rages
WASHINGTON (Reuters) – The U.S. economy added the fewest workers in six months in November, hindered by a resurgence in new COVID-19 cases that, together with a lack of more government relief money, threatens to reverse the recovery from the pandemic recession. The Labor Department’s closely watched employment report on Friday also showed 3.9 million people have been out of...
Where the party wants him – Joshua Wong is jailed | China
Dec 3rd 2020 JOSHUA WONG, one of the best-known faces of Hong Kong’s pro-democracy movement, was sentenced on December 2nd to more than 13 months in prison for his role in a protest last year. Mr Wong, pictured, has been riling the Chinese Communist Party for over a decade with his activism. Agnes Chow and Ivan Lam, co-leaders of his...
e.l.f. Beauty – Great Stock, High Price (NYSE:ELF)
Investment Thesis e.l.f. Beauty (NYSE: ELF) has completely conquered the pandemic. They have had excellent revenue growth as well as astounding margins. They have reinvigorated excitement in drugstore makeup with exceptional quality and have branched out relatively well into skincare. At the current price point of $22, the stock looks expensive having gone up nearly 18% since November 6th. With...