World
The Rupee Versus The US Dollar is Still Mainly Constant.
(VOR News) – The Pakistani rupee’s value in relation to the US dollar was largely stable as of Wednesday. A 0.02% increase in the rupee’s value was seen on the interbank market, indicating a rise in the currency’s worth.
By the end of the trading day, the value of the currency had increased to 277.64, or 0.05 dollars per unit against the US dollar.
Based on information provided by the State Bank of Pakistan (SBP), the rupee’s value finished Tuesday at 277.69, a continuously constant level.
Investors bought safe assets in response to an Iranian missile strike on Israel, fearing that the conflict will spread throughout the Middle East. Israel was the target of an Iranian missile assault. Investors are therefore more inclined to buy safe assets. On Wednesday, the day of the incident.
The US dollar continued to have its biggest weekly increase.
This resulted from the incident occurring on a Wednesday. The euro fell to its lowest level in over four months overnight, although early Asian moves were negligible, and the euro stayed below $1.10 since it was trading below $1.10.
The bid for safety kept the value of the Swiss franc at 0.8463 per dollar, while the value of the yen stayed steady at 143.45 per dollar. These two values remained intact.
Overnight, there was a significant spike in the US dollar index, which closed at 101.2, the highest level since September 25. The rise was nearly 0.5 percent. Another factor contributing to this growth in work alternatives was the much higher number of job advertisements than anticipated in the United States.
Growing worries that hostilities in the Middle East may intensify and perhaps disrupt petroleum supply from the region led to a two percent spike in oil prices on Wednesday, which is a crucial indicator of currency parity. Because oil prices are a crucial market indicator, this development has happened.
This is due to the fact that there is a strong correlation between the price of oil and currency parity. This incident occurred right after Iran launched the most devastating military strike on Israel in history.
A barrel of West Texas Intermediate (WTI) oil had a price gain of $1.70, or roughly 2.4%, while a barrel of Brent futures saw a price increase of $1.63, or roughly 2.2%, reaching $75.19. The total rise in the price of oil in the US was influenced by both of these causes.
WTI had increased more than two dollars earlier, but it was not at the moment.
The following interbank dollar exchange rates are likely on Wednesday:
The bid is 277.64 rupees at the moment.
PRESENT A 277.84 Indian Rupee OFFER
Activities that happen in the open market
When the Pakistani rupee (PKR) was bought in relation to the US dollar (USD), it lost 14 paise, and when it was sold in relation to the USD, it lost 4 paise. As a result, when the PKR was sold against the USD, its final values were 278.33 and 279.88, respectively.
As the day came to a conclusion, the Pakistani rupee (PKR) was worth 308.35 and 305.48 against the euro, respectively. Gains of 1.52 and 1.54 rupees, respectively, were realised on the purchase and disposal of Pakistani rupees (PKR).
The buying and selling of the Pakistani Rupee (PKR) was mostly steady in contrast to the United Arab Emirates Dirham, even though the Dirham ended the day at 76.08 and the PKR at 75.36.
When the Pakistani Rupee (PKR) was purchased, its value was equal to that of the Saudi Riyal. However, upon sale, it lost one paisa, making its final values 73.61 and 74.28, respectively.
The dollar exchange rates that were on the open market this Wednesday
A proposal of 278.33 rupees
ADVERTISE WITH 279,88 Indian Rupees
SOURCE: BR
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World
Biden Escalates Ukraine War With Long-Range Missiles
The Kremlin announced on Monday that President Joe Biden’s decision to allow Ukraine to hit targets inside Russia with US military long-range missiles is “fuel to the fire” and will exacerbate international tensions.
Biden’s decision to allow Ukraine to employ US military long-range missiles to strike deep within Russia has raised concerns about growing tensions, with many fearing that this decision could lead to world conflict.
On Monday, with less than two months remaining in office, President Joe Biden authorized American-provided Army Tactical Missile Systems (ATACMS) to strike deep within Russia.
“It is obvious that the outgoing administration in Washington intends to take steps and they have been talking about this, to continue adding fuel to the fire and provoking further escalation of tensions around this conflict,” said Peskov, the spokesman for the president.
Peskov reminded journalists of a September statement by President Vladimir Putin, who stated that enabling Ukraine to target Russia would dramatically raise the stakes.
It would alter “the very nature of the conflict dramatically,” Putin stated. This would mean that NATO countries, the United States, and European countries would be at war with Russia.”
Peskov asserted that Western countries that deliver longer-range weaponry also provide targeting services to Kyiv. “This fundamentally changes the modality of their involvement in the conflict,” he said.
Ukraine War Escalation
In June, Putin threatened that if NATO permitted Ukraine to utilize the arsenal of its partners to attack Russian territory, Moscow would send longer-range weapons to others to strike Western targets.
“The Westerners supply weapons to Ukraine and say: ‘We do not control anything here anymore and it does not matter how they are used.'” Putin had said. “We can also say, ‘We supplied something to someone — and now we have no control over anything.'” “And let them think about it.”
Putin again emphasized Moscow’s willingness to deploy nuclear weapons if it perceived a threat to its sovereignty.
Biden’s decision will “mean the direct involvement of the United States and its satellites in military action against Russia, as well as a radical change in the essence and nature of the conflict,” Russia’s Foreign Ministry stated.
The new policy has unpredictable consequences. ATACMS, with a range of roughly 300 kilometers (190 miles), can travel deep behind Ukraine’s 1,000-kilometer (600-mile) front line, although their range is modest compared to other types of ballistic and cruise missiles.
President-elect Donald Trump, who takes office on January 20, has not responded, but he won the election on promises to stop the conflict, and some people close to him have decried the action as a hazardous escalation.
Missile Decision Sparks Anger
The Military Industrial Complex appears to want to start World War III before my father has a chance to restore peace and rescue lives. We need to lock in those $Trillions. Life be damned!! Imbeciles!” Donald Trump Jr., the President-elect’s son, posted on X
“On his way out of office, Joe Biden is dangerously trying to start WWIII by authorizing Ukraine to use U.S. long-range missiles against Russia,” said Rep. Marjorie Taylor Greene, R-Ga., on X. “The American people gave a mandate on November 5 against these exact American last decisions.”
Rebekah Koffler, a former Defense Intelligence Agency (DIA) officer and author of “Putin’s Playbook,” speculated that the stories were a “trial balloon to disrupt Trump” and that Biden may not have authorized the ATACMS strikes yet.
According to Dani Belo, PhD, Director of Security and International Relations at Global Policy Horizons Research Lab, Ukraine’s ability to currently hit Russian territory has the potential to escalate the war with Russia.
However, Donald Trump’s victory is likely to moderate the escalation.
There is speculation that Donald Trump’s administration would restrict military hardware deliveries to Ukraine, putting political pressure on Kyiv to resolve the crisis. This implies Ukraine has no motivation to escalate now and lose its fighting capability in a matter of months.
Russia sees no reason to escalate the situation at this time. Moscow expects that Trump’s administration will try to finish the war soon, so the Kremlin will likely take a wait-and-see approach until the new presidential administration takes office without significantly escalating the conflict. As a result, any escalation is unlikely.
Source: AP
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A Court Filing Reveals Elon Musk Flatly Rejected OpenAI’s ICO in 2018.
(VOR News) – Elon Musk, the billionaire and CEO of Tesla, claims in a subsequent court filing that was submitted on November 14 that he was successful in stopping OpenAI from doing an initial coin offering (ICO) in 2018.
According to the filing requirements, this information was disclosed.
Musk and his legal team have claimed that two of OpenAI’s founders, Greg Brockman and Sam Altman, tried unsuccessfully to create a token in early 2018 to help the company grow. To the best of our knowledge, this was the founders’ intention.
Elon Musk accurately described the scenario.
Elon Musk made the remark during the pertinent time period, according to the lawsuit’s accusations.
This, in his opinion, would lead to a significant decline in trust in OpenAI and everyone involved in the initial coin offering (ICO). These statements are extracted from his initial declaration.
A unique project backed by Altman, Worldcoin launched a token twenty-three years ago with the goal of creating digital identification for verified individuals.
Furthermore, the company in charge of token distribution was Worldcoin. Through the use of the token, Worldcoin was able to authenticate individual identities.
When OpenAI was first founded, it was a nonprofit organization dedicated to creating safe artificial general intelligence (AGI).
In this context, the acronym AGI stands for artificial global intelligence. “Musk has continuously voiced concern about the grave threat that these sophisticated systems pose to humanity,” his attorney wrote in the complaint. These sophisticated technologies represent a serious threat to humankind.
“Musk remains apprehensive regarding this threat.” “Musk regards these threats with the utmost seriousness.” “Elon Musk has harbored these concerns for an extended period.”
This led to Musk joining OpenAI’s board of directors and continuing to serve as co-chair of the board. Furthermore, he was appointed to that board of directors post.
Elon Musk contributed $44 million to the enterprise.
OpenAI declared in a March 5th news release that it was imperative that the company adopt a profit-making structure in order to obtain the necessary funding to achieve its objectives. In order to enable OpenAI to fulfill its objectives, this transition was necessary.
According to both the OpenAI statement and the amended filing, Elon Musk advocated for the combination of OpenAI and Tesla to help the artificial intelligence startup with its financial issues.
The aforementioned measures were implemented to mitigate the challenges that the organization was facing at that specific moment. Musk submitted his resignation as an OpenAI employee in February 2018.
He founded his own artificial intelligence company, which he named XAI, in the ensuing years. His efforts directly led to the achievement he achieved.
We are deeply disappointed that our friendship with someone we have always held in the highest respect has deteriorated.
As we started to make significant strides toward OpenAI’s goal on our own, this person, who had previously motivated us to achieve greater heights, abruptly predicted that we would fail, established a rival company, and filed a lawsuit against us, according to the group’s press release.
In August of this year, Musk filed a lawsuit against OpenAI and its CEOs, Altman and Brockman, claiming that they had violated federal RICO statutes, engaged in unfair competition, and committed fraud. OpenAI is the target of legal action taken by Elon Musk.
According to Elon Musk, they have engaged in additional illegal activity. Microsoft was named as one of the defendants in the dispute in the updated complaint, which was submitted on November 14.
It’s being presented as a case at the moment. Microsoft and OpenAI started working together in 2019, and Microsoft committed $1 billion in the partnership.
In July 2023, OpenAI’s native cryptocurrency, Worldcoin (WLD), was made available to the general public. Not too long ago, an article published by The Block disclosed this knowledge. When the market closed on November 15 at 11:36 p.m. Eastern Time (16:36 UTC), the price of a share of WLD was $2.21.
SOURCE: TB
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World
Trump Appoints Robert F. Kennedy Jr to Head HHS
President-elect Trump appointed Robert F. Kennedy Jr. (RFK Jr) to run the United States Department of Health and Human Services (HHS), sending Democrats and Big Pharma allies into a tailspin.
“I am delighted to announce Robert F. Kennedy Jr. as the Secretary of Health and Human Services (HHS). For too long, Americans have been crushed by the industrial food complex and medicine firms, which have engaged in deception, misinformation, and disinformation regarding public health,” Trump stated in his announcement.
“The safety and health of all Americans is the most important role of any administration, and HHS will play an important role in ensuring that everyone is safe from harmful chemicals, pollutants, pesticides, pharmaceutical products, and food additives that have contributed to this country’s overwhelming health crisis.
Mr. Kennedy will restore these agencies to gold-standard scientific Research and Transparency traditions, stopping the Chronic Disease Epidemic and making America Great and Healthy Again!” Trump added.
Reactions to RFK Jr HHS Appointment
The Department of Health and Human Services (HHS) oversees the Food and Drug Administration, the Centers for Disease Control and Prevention, Medicare, Medicaid, and the National Institutes of Health.
Kennedy is a former environmental justice lawyer who has recently started an anti-vaccine nonprofit. He ran for president as an independent candidate in 2024 but dropped out to join Trump’s closest circle.
House Republicans have reacted to Donald Trump’s nomination of former presidential contender Robert F. Kennedy Jr. as health secretary.
Chip Roy, a Texas congressman, calls it “great news”. He tells me, “We need disruption throughout the federal government.” He’ll be fantastic at HHS [the Department of Health and Human Services] to do that.”
Roy adds that he expects Kennedy’s candidacy will clear the Senate.
“There’s been a few Kennedy’s in the Senate in the past so maybe there’ll be some legacy there that they will want to move him through,” he speculates.
South Carolina Congressman Ralph Norman concurs with Roy on Kennedy’s confirmation in the Senate: “I believe he was an excellent choice by the president, as have all of them. Kennedy is interested in, and passionate about, the medical industry. He will do a terrific job with it.”
According to Public Citizen, a progressive nonprofit group focused on consumer protection, Robert F. Kennedy Jr. “is a clear and present danger to the nation’s health.”
He should not be allowed to enter the Department of Health and Human Services (HHS), let alone be appointed director of the nation’s public health agency.”
“Donald Trump’s mishandling of public health policies during the Covid outbreak resulted in hundreds of thousands of deaths. “By appointing Kennedy as secretary of HHS, Trump is courting another policy-driven public health disaster,” the organization continued.
Apu Akkad, an infectious disease physician at the University of Southern California, described the statement as a “scary day for public health”.
Meanwhile, pharmaceutical stocks such as Pfizer and Moderna plummeted following news of Kennedy’s nomination for HHS Secretary, as investors considered his potential impact on vaccine sales.
Novavax and BioNTech finished down more than 7%, with almost all losses occurring when word of the selection broke—Novavax shares fell to $7.22, and BioNTech shares fell to $103.56.
Moderna’s stock closed 5.6% at $39.77, reaching its lowest point of the year.
Sanofi’s stock fell 3.4% to $47.82, continuing a weeks-long share price decline that began after the company’s latest earnings report last month.
Pfizer lost less than its competitors on Thursday, closing down 2.6% at $26.02, despite having its sharpest drop of the day immediately following the RFK Jr. announcement.
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