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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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The main events by the morning: October 29


October, 29 2024
watermark Economic news

  • A Russian court has imposed a fantastic fine of 2 undecillion rubles on Google. Penalties for Google for refusing to restore Russian media accounts on YouTube were initially estimated at only 100,000 rubles, but the court ruled that the amount would double every week until the requirements were met. As a result, the fine reached an astronomical amount with 36 zeros. 


  • Kamala Harris is ready to take a cognitive ability test and urges Trump to follow her example. In her interview with CBS News, Harris also described her rival as «unstable» and «unbalanced», referring to statements from former employees of his administration who consider him unfit for the presidency.


  • On the eve of the American elections, bitcoin rose above $70,000, largely due to the support from investment funds. The elections can also act as a catalyst for the growth of the cryptocurrency, as both candidates are positive about the crypto market and promise to contribute to its development within their programs.


  • The North Korean Foreign Minister will pay a visit to Russia. According to the Russian embassy in North Korea, the DPRK Foreign Minister will arrive in Russia to participate in the strategic dialogue launched this summer after the meeting between Vladimir Putin and Kim Jong Un.


  • Israel has banned the activities of the UN agency for the support of Palestinian refugees. The Israeli Parliament has voted to end cooperation with the United Nations Relief and Works Agency for Palestine Refugees in the Near East. Now Israeli officials will not meet with representatives of the agency, nor will they issue visas or provide economic preferences.


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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.