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Europe’s Petrochemical Industry Is Dying

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🇪🇺 🇪🇺 Warning: Europe’s Petrochemical Industry Is Heading for Death Row. In Europe, natural gas is about five times more expensive than in the US. Right now, it’s cheaper to buy ethylene, a building block for plastics, in Texas, and ship it across the Atlantic for further processing in Europe than producing it at home. And that’s precisely what petrochemical companies are doing. The net result is loss of economic activity in Europe and the loss of jobs and energy security
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Brexit’s Barnier: Not The Same EU Anymore

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🇬🇧 🇪🇺 Brexit negotiator Michel Barnier: ‘The EU is not the same one the UK left’
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Saudis Discover New Oilfields

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🇸🇦 🇸🇦 Saudi Aramco discovers two new natural gas fields in Saudi Arabia
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Murati Negotiating To Bring Back Altman

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‼️ ‼️BREAKING: OpenAI’s interim Chief Executive Officer Mira Murati plans to re-hire her ousted predecessor Sam Altman and former President Greg Brockman in a capacity that has yet to be finalized. Murati, who was installed on Friday after the board fired Altman, is negotiating with Adam D’Angelo, the CEO of Quora Inc., who is acting as a representative of the OpenAI board
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Moody’s Upgrades Portugal

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🇵🇹 🇮🇹 Moody’s upgrades Portugal and affirms Italy’s Ratings. Moody’s has upgraded Portugal’s ratings to A3 and affirmed Italy’s Ratings At Baa3
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GBP Traders Heads-Up

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🇬🇧 🇬🇧 GBP traders heads-up: Bank of England Governor Andrew Bailey so speak on Monday. Bringing together key players from the agriculture sector, to speak on and debate the latest thoughts on farming, and where the industry is headed in the future
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AUD Traders Heads-Up

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🇦🇺 🇦🇺 AUD Traders Take Note: Reserve Bank of Australia Governor Bullock is speaking on Tuesday, Sydney time
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Morgan Stanley: Opportunities Lie Beyond Magnificent 7

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🚨 🚨 Morgan Stanley: “There’s going to be … a very good stock picking opportunity, probably away from those seven [stocks] … where there should be more opportunities in the 493. If that [recession] were to play out, you’d want to own pretty much defensives”
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Altman Returns To HQ For Talks

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🚨 🚨 Former OpenAI CEO Sam Altman returns to headquarters for talks following his abrupt ouster. Media reports speculate that Altman is considering returning to the company, along with OpenAI president Greg Brockman
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Critics Slam Jokowi

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🇮🇩 🇮🇩 Ahead of Indonesia’s elections, critics slam Jokowi for nepotism and ‘dynastic politics.’ His eldest son, Gibran Rakabuming Raka, 36, was officially named the vice presidential running mate of Defence Minister Prabowo Subianto. Jokowi’s youngest son, Kaesang Pangarep, was appointed chairman of the Indonesia Solidarity Party
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