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Venezuela's 'Default' Crisis Boosts 4000% Inflation Bolivar value against dollar, one-27th of last year The Venezuelan economy, which is facing the default crisis, is suffering from hyperinflation of over 4000%. Prices have soared as difficulties in procuring essential commodities have been hampered by the flow of foreign currencies due to economic sanctions by the international community, including the United States. The credibility of domestic currency has fallen sharply. According to CNN, professor Steve Hanke, an economist at Johns Hopkins University, estimated that the price of Venezuela surged 4115% from a year ago. Venezuela 's surge in prices has intensified since the government refused to pay some foreign debt. There is a shortage of food and medicine in all parts of Venezuela now. In front of supermarkets and cash dispensers, there are long lines of people who want to buy necessities. Hanke's research results are lower than those of other s

Volvo, Supplied 24,000 self-driving vehicles to Uber XC 90 models from 2019 ... "Total contract size is one billion dollars" Volvo Cars will supply 24,000 XC90 models as Uber's self-propelled vehicle, the world's largest vehicle-sharing company, according to the Wall Street Journal (WSJ). Volvo and Uber have signed the same contract but have not disclosed details. However, the contract is expected to be worth more than $ 1 billion, or about 4.5 trillion won, last year. Volvo will supply vehicles sequentially from 2019 to 2021, when Uber's autonomous service begins, the WSJ said. Software for vehicle calling and sharing services is also installed separately. Volvo has maintained a partnership with Uber, which promotes autonomous driving services. Uber is a Volvo XC90 vehicle and operates an autonomous pilot service in some areas. Uber tried to launch an autonomous service in San Francisco following Pittsburgh last December, but moved the location o

Trump "Unemployment rate down 4% in term ... Next year's economic boom" US President Donald Trump said he would lower his unemployment rate to less than 4 percent in his term. Trump said in his Twitter account that "the unemployment rate will fall below 4 percent under President Trump." "Analysts are expecting an economic boom in 2018," he added. The media has interpreted it in connection with a situation in which his strong tax bill passes the House of Representatives last week and is about to vote in the Senate. The Trump government expects the Gross Domestic Product (GDP) of the United States to grow by 3-5% over the long term if tax cuts that lower the corporate income tax rate from the current 35% to 20% are implemented.

Dad trying to keep a baby from coming The picture of cute Rat River photographed in China is a hot topic. When a woman approaches a dog with a cub, Golden Rat River, seen as a male, looks at a man's eyes and shuts his eyes. However, when the person did not leave, the daddy pulled the young and looked desperately trying to keep it. At the end of the video, Dad Rat River completely covered his cubs with his whole body. Rat River's desperate attempt to defend his baby's netizens responded that they were "sickened by people."

Zimbabwe's Mugabe, ignoring deadline to retire ... The ruling party "discussing impeachment" "Mugabe, conditional resignation agreement" There is no official announcement yet Nigerian leaders begin "impeachment proceedings" now ... Ruling party's day (Cairo, 2007) - Robert Mugabe, the 37-year-old ruler of Zimbabwe, faced an impeachment crisis without publicly declaring his position in the ultimatum. Mugabe has not publicly announced his intention to resign at noon, according to Zimbabwean media, the BBC and the AFP. Zimbabwe's Zimbabwean African National Alliance Patriotic Front (ZANU-PF) has virtually ignored an ultimatum that it would push for impeachment if it does not retire by noon. US President George W. Bush has said he has agreed to resign, but no official announcement of his resignation has been made. As a result, the ruling party-led impeachment process is expected to start counting down. After the end of the deadli

(Oil price) Conflict trading ahead of OPEC meeting at the end of the month SINGAPORE, Nov. 20 Traders are reluctant to take a new position ahead of the Organization of Petroleum Exporting Countries (OPEC) talks at the end of the month. As of 10:03 am, the Brent futures LCOc1 and US crude oil futures CLc1 are trading at $ 62.60 a barrel, down 0.32 percent, and $ 56.60 a barrel, up 0.1 percent. Traders say, "We are reluctant to take large new positions due to market uncertainty."

China space launch road map announced ... "Nuclear-propelled space shuttle launches by 2040" China announced a "space development roadmap" that plans to complete the development of a nuclear-powered space shuttle by 2040 and to become a global leader in space technology by 2045. According to the China Public World Times and the China Times, the Chinese Hangchuan Science and Technology Group (CASC) published a report on the space development road map that includes these contents. The CASC said in the report that by 2045, the solar system planets, asteroids, and comets are developing space technology capable of large-scale exploration. China plans to develop a nuclear-powered space shuttle by 2040. The report also said that if a nuclear-powered space shuttle is developed, space solar power plants, as well as large-scale space development and asteroid resource exploration will be possible. To this end, the CASC said it plans to launch the "Longitud

(US stocks / closed) Three major indexes ... Concerns about US tax reform NEW YORK, Nov. 18 (Reuters) - The number of shares in the New York Stock Exchange fell sharply in a day. Without special materials to move the market, investors focused on uncertainty about tax reforms. The Dow Jones industrial average fell 100.12, or 0.43 percent, to 23,358.24. The Standard & Poor's 500 index fell 6.79p, or 0.26 percent, to 2,578.85. The Nasdaq composite index fell 10.50, or 0.16 percent, to 6,782.79. Matt Lloyd, senior investment strategist at Advisor Asset Management, said investors are likely to remain in position, saying it is unlikely that new bets will be seen as the trading volume declines for next week's Thanksgiving holiday. "The main factors that will have the greatest impact on the stock market are the Senate and the House of Representatives," he said. "Everyone is interested in whether the House and Senate will pass the tax reform bill and bring i

(Metal) Nickel / Copper prices rise ... Dollar weakness + inventory decrease London, Nov. 18 - Nickel and copper prices rose on Thursday (local time). It is the impact that the dollar depreciated. In the week, however, both metals showed a downward trend. On the London Metal Exchange (LME), nickel rose 1.8 percent to $ 11,572 a tonne. The weekly rate was down 4.4 percent. Copper rose 0.6 percent to $ 6777 a tonne. It fell 0.5% in the week. For the month, nickel prices peaked in two years. Expectations that nickel will be used in electric vehicle batteries have raised nickel prices. However, since then inventory has increased and nickel prices have fallen. In the LME warehouse, on-warrant copper inventories fell 6925 metric tons to 142,950 metric tons. Nickel inventory fell 7302 tonnes to 246 650 tonnes. Wood McKinsey, a consulting firm, predicts that nickel demand for electric vehicle batteries will increase to about 220,000 tonnes by 2025. Last year demand was about 40,000 to

US 738 crude borehole numbers this week are the same as last week November 18 - US crude borehole numbers this week were unchanged from last week. According to energy service provider Baker Hughes, US crude borehole numbers this week totaled 738 last week, the same as last week. The crude oil borehole is a leading indicator for estimating future oil production, which is still high compared with 471 crude oil bore holes in operation a year ago. US light crude (WTI) prices in the US have been around $ 50 a barrel this year. The average of last year is above $ 43.47. The WTI this week traded at about $ 56 per barrel. It retreated slightly from its record high of $ 58 in July 2015. The WTI is expected to trade at $ 56 per barrel for the rest of the year and next year. According to US investment bank Cowen Nco, US oil producers have increased their spending on drilling facilities by about 53 percent over the previous year. "The United States will be a clear leader in oil an

(Oil Price) rebounded 2% in 6 trading days ... "Expectation to extend production" NEW YORK, Nov. 18 (Reuters) - International oil prices climbed more than 2 percent on Thursday, closing a five-day losing streak. OPEC's oil pipeline has been shut down and oil prices have risen amid hopes of extending the OPEC cut production agreement. However, the weekly decline was only six weeks. West Texas light crude (WTI) rose $ 1.41, or 2.6 percent, to $ 56.55 a barrel. Brent oil rose 2.2 percent to $ 62.72 a barrel. Both WTI and Brent fell 0.3 percent and 1.3 percent respectively during the week. Uncertainty over Russia's position on extending the US output and OPEC output cuts fueled oil prices. Saudi Arabia's energy minister said yesterday that oil prices were rising as he suggested he would extend the reduction agreement at the OPEC meeting. "Saudi energy minister's remarks have raised the possibility of an extension of the reduction agreement," said P

(Metal) Gold rose 3-month maximum ... "Uncertain tax reform" NEW YORK / LONDON, Nov. 18 (Reuters) - Gold prices rose on Thursday (local time). The US dollar weakened due to uncertainty over US tax reforms. Gold futures rose 1.4 percent to $ 1296.50 an ounce. Gold spot prices rose 1.2 percent to $ 1293.53 an ounce in late New York trading. It is the maximum daily rise since August 28th. The price hit a record high of $ 1297 a barrel since the 16th of last month. The weekly rate climbed 1.3%, the biggest weekly gain since mid-last month. Tai Wong BMO Capital Market Jewelery Trading Head said, "Investor sentiment has shifted toward the weaker dollar, with the possibility of reducing the number of Republican seats in which the overwhelming majority of Senate elections result in a bare minimum". "The gold price will be able to test the $ 1310 line, a crucial medium-term resistance early next week," he said. The previous day, the House of Representatives a