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Twitter is a United States-based company that is the 7th most popular social media worldwide and the 9th most visited website globally in 2021. However, throughout 2022, Twitter and Elon Musk, a well-known multi-billionaire for his Tesla and SpaceX companies, have had an on-and-off acquisition deal for Twitter. This deal’s repercussions could change how businesses can effectively digitally advertise their products on the platform.

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A mega-city featuring flying cars, high-speed rail instead of roads, robot maids, a giant artificial moon, and a resort with multimillion-dollar palaces is the vision of the Saudi Arabian crown prince and prime minister, Muhammed Bin Salman (MBS). The project, called Neom, hopes to gain $500 billion in investment with the ambitious goal of constructing a 106-mile-long carbon-neutral city with walls over 1,600 feet stretching from the Red Sea into the desert. Neom was announced back in 2017 and was originally planned to be completed by 2025, but due to the pandemic, only the first phase of the project is projected to be completed by this time. If this sounds unrealistic, MBS himself has admitted that he would be satisfied if only half of his ambitious Neom plan is completed. Half of all planned construction is an optimistic estimate as Neom has stalled due to numerous challenges. The kingdom’s sovereign-wealth fund and finance ministry have already spent $1 billion on initial infrastructure, planning, and consulting.  The country has contracted U.S.-based consulting firms from Boston Consulting Group, McKinsey & Co., and Oliver Wyman to aid with planning the project.

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The Nord Stream pipelines are two large underwater pipelines connecting Russia and Germany. These pipelines were designed to export Russian oil and gas to Germany. The natural gas exported through Nord Stream accounted for 35% of European energy that is supplied by Russia. As tension between Russia and Europe heightened, the amount of natural gas that Russian companies exported declined drastically. By early September, Nord Stream 1 was fully out of operation. The plans for the operation of Nord Stream 2, another pipeline that would export Russian gas, were shut down by the German government earlier this year. The Nord Stream pipelines and the Russian oil they supply are critical to European countries such as Germany, Hungary, Greece, and many more.

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Porsche’s recent initial public offering (IPO), valued at around $72 billion, is one of the largest in European history. This IPO raised about $9 billion for Volkswagen which owns Porsche. The company offered 25% of Porsche’s preferred stock to investors, putting up about 12.5% of the entire company. This IPO is happening during a time that is seeing the market for IPOs drying up due to the volatility of the market.

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On October 3rd, 2022, the Ukrainian forces made their biggest breakthrough yet. Their forces have accelerated their advance into Russian-held areas of the southern Kherson region, while Western officials downplay the likelihood of Russia using nuclear weapons in retaliation. Ukrainian troops announced the liberation of several towns, while Moscow sought to prevent an encirclement of its forces in the east and south of the country. The Ukrainian soldiers waved their flag over Davydiv Brid and claimed the liberation of Starosillya, Arkhangelskoye, and Velyka Oleksandrivka.

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One of the world’s most powerful groups of oil producers is the Organization of the Petroleum Exporting Countries, known as OPEC+. The organization has decided to impose drastic output cutbacks on oil production as a way to boost oil prices, despite pleas from the United States to pump more oil. On Wednesday, OPEC+ made the final decision to cut oil production by 2 million barrels per day starting in November. 

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Hurricane Ian, a Category 4 storm, has caused many American citizens to be forced out of their homes or has left no infrastructure for them to return to. The storm first struck the coast of Fort Myers before migrating toward the Carolinas, leaving communities demolished by wind and flooding, ultimately forcing businesses to shut down and leaving Florida with billions of dollars in reconstruction. The damage caused so far has been introductory, but it is evident that the hurricane will be highly disruptive to Florida’s economy over the next ten days with power shortages, suspension of energy production, impact on agricultural crops such as oranges, and flight cancellations.

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India is currently undergoing extreme inflation. To curb the effects of inflation, which are raising the prices of many food staples for Indian people, the Indian government is placing a ban on the exportation of broken rice, as well as imposing a hefty 20% export duty on any overseas shipments of white and brown rice, which constitute roughly around 60% of India’s total global sales. Along with inflation, poor weather is also contributing to the imposition of this ban.

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As the world continues to resurrect itself amidst the pandemic, another tragedy has struck. Hurricane Ian, a category four storm, has ravaged the state of Florida more than anyone expected. A few major cities in the area were warned of the destruction that the storm was expected to bring, including Miami, Fort Myers, Tampa, Atlanta, Jacksonville, and many more. Hurricane Ian caused extensive damage and flooding to the housing and infrastructure as it transformed from a tropical storm to a hurricane. On top of this, the entire eastern end of Cuba was hit, causing 1 million people to lose power. With Hurricane Ian leaving its mark up the eastern coast to South Carolina, the wind damage alone is ranking this as the fifth-strongest storm to hit the United States, tied alongside many others. The size and magnitude of the storm were intense compared to past storms, leaving Florida and bordering states expecting major effects on supply chain functions along the coast.

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Reflecting on the millions of lives impacted during the years of pandemic-induced change, including economy shifts and numerous layoffs in the workforce, it is difficult to predict where we will go from here; however, as this wave of events has started to slow down, there is some light at the end of the tunnel. News regarding the pandemic is becoming less urgent now that it is not as widespread as it has been in the previous two years. Even though COVID-19 is no longer considered a recent emergency, it is more of a reality that individuals and businesses alike are working to accommodate in their daily operations.