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The main events by the morning: January 22


January, 22 2025
watermark Economic news

  • Xi Jinping and Vladimir Putin had a video conversation. The leaders of Russia and China noted that by the end of 2024, the countries' trade turnover reached a record high of $245 billion, an increase of 7%. Xi and Putin again called each other «dear friends,» and the Chinese president expressed his willingness to take the countries' relations to a new level.


  • India will buy more oil from the United States after anti-Russian sanctions, and payments for Russian oil are delayed. India is now one of the 2 largest buyers of Russian oil. Sanctions against Russian tankers are hindering supplies, and restrictions on payments are causing Indian banks to question their interpretation.


  • The Bank of Russia has been asked to oblige banks to compensate citizens for monetary losses caused by fraudsters. «A Just Russia – For Truth» has made a corresponding request to the regulator. The faction believes that against the background of an increase in the volume of embezzlement from Russians, it is necessary to introduce additional mechanisms to protect and support the population. 


  • Trump is destroying all the Democrats' efforts to protect inclusivity. The new president's administration will send all employees of the federal services for diversity, equality and inclusivity on leave. Among other things, agencies must stop employee training related to DEI, as well as terminate contracts related to it. 


  • The United States will begin to develop artificial intelligence at the state level. Trump announced the creation of Stargate, a joint venture between OpenAI, SoftBank and Oracle. The firm is investing at least $500 billion in AI development, and the president has promised to support the company with emergency orders.

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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.