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Sky-high natural gas prices have Japan scrambling for coal

  Bloomberg Japan’s coal imports are poised to jump to the highest level in at least two years as the nation’s utilities turn to the dirtiest fossil fuel as a replacement for expensive liquefied natural gas. More than 17.3 million tons of coal will be delivered to the country this month, said Edwin Toh, a dry bulk manager at energy ...

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Why Facebook, Twitter opened the door to NFTs

  Facebook and Instagram are reportedly working on ways to let users display non-fungible tokens (NFTs) on their profiles, and on building a marketplace to let users buy and sell these digital art objects and collectibles. No sooner did the Financial Times break that news last week than Twitter launched a first version of its own NFT integration that lets ...

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Singapore’s surprise lesson on inflation

Singapore isn’t a place for monetary policy surprises. The central bank’s strike against inflation — only the third unscheduled move in two decades — sends a clear signal that expectations of higher prices for longer have gone mainstream. The Monetary Authority of Singapore (MAS) slightly raised the rate of appreciation of its main currency band, meaning it will let the ...

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