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Tesla Receives Green Light to Host County Fair

Elon Musk’s Tesla gets the approval to host the ‘Giga-Fest’ near Berlin Germany, with 9,000 attendees after local authorities agreed that the event is COVID-safe. This however, has electrified the Germany-California culture clash, with environmentalists arguing that Tesla have been given too much leeway in acting recklessly in the European nation.


The North American Treaty Organization (NATO) chief Jens Stoltenberg stated that the discharge of eight members of Russia’s NATO mission is not linked to a specific event or occurrence, urging the alliance to be vigilant when facing “malign” Russian actions & activity.

Japan’s new Finance Minister Shunichi Suzuki warns against sharp currency changes and volatility, as he was closely examining the foreign exchange market with the Asian nation’s yen hovering close to 18-month lows against the U.S. dollar greenback.


The U.S. dollar remains to be near 14-month highs, driven by soaring global energy prices which persuaded investors to take a cautious stance as the risk of the U.S. Federal Reserve normalizing policies sooner than expected increases. The dollar index edged slightly lower to value at 94.177.


Gold prices hold firm despite a lightly declining U.S. dollar greenback which typically moves inversely to the precious metal, with nervous traders & investors continuing to hedge their risks by securing their wealth with gold. Gold futures are currently priced at $1,760 an ounce.


Crude oil prices extend their downward direction as the United States stated that it considers selling oil from its reserve piles, and Russia being prepared to stabilize the natural gas industry & market on an international scale. Brent oil slumped 0.31% to $80.83 per barrel, while WTI oil edged 0.19% higher to $77.58 a barrel.


USA: S&P500 +1.50%, Dow Jones Industrial Average +1.57%, Nasdaq Composite +1.56%

Europe: FTSE 100 +1.29%, DAX +1.71%, CAC 40 +1.62%

Asia: Nikkei 225 +0.54%, Hang Seng +3.57%, CSI 300 +0.90%, Nifty 50 +0.82%


Dubai Airport Expects Travel Surge, Hikes Annual Forecast

The operator of Dubai International Airport said on Wednesday that over 14 million passengers passed through the airport in the second quarter, raising its forecast for the year to 62.4 million. The number of passengers increased for the seventh consecutive quarter as demand for international travel rises as pandemic restrictions around the world loosen.

According to a statement from Dubai Airports, the airport in Dubai processed 14.2 million passengers from April to June, more than tripling the 4.9 million that passed through security during the same period last year.

Jewelry Maker Pandora Goes Big on Lab Diamonds

Pandora, the globe’s largest jewelry manufacturer, announced on Tuesday that it shall proceed with its bet on lab-created diamonds, following its statement last year to stop selling mined diamonds.

In an effort to attract younger customers with less expensive, more sustainable stones that are guaranteed not to have come from war zones, the Copenhagen-based jewelry giant will introduce a collection which utilizes unmined diamonds in North America this month.

Following a smaller experimental launch in Britain last year, 269 locations are now open across the United States, Canada, and via the web.

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