Business News Live Today November 21, 2024: Reddit down for thousands of users in US, second outage in 24 hours

• The Downdetector reported more than 70,000 outages in the US. Users reported issues in accessing the app and website.

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• During the poll campaign, Donald Trump projected himself as “crypto-friendly” and pledged to make the US the “bitcoin and cryptocurrency capital of the world”.

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• Donald Trump’s victory, I argue, is not just a result of high inflation: it marks a structural break in the history of advanced capitalist countries.

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• This comes after inflation rose above the tolerance limit in October 2024, which the RBI described as a “sticker shock” after September’s “wake-up call” spike

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• Ford had invested $2 billion into its Cologne, Germany plant to make it an EV center, but now claims Europe lacks enough EV policies to support their adoption

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• Byju Raveendran allegedly used Nebraska businessman William R. Hailer to try and buy out the US creditors to whom Byju’s owes more than $1.2 billion

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• The breakup of Google was proposed in a 23-page document by the US Department of Justice which includes the sale of Chrome as well as restrictions on Android

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• US prosecutors charged Gautam Adani, alleging his involvement in a $250 million bribery scheme for securing solar energy contracts with the Indian government

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• On the pricing aspect, timing of this launch may give Oppo some room to work with, for when the Android flagship phones from the likes of Samsung, arrive early next year. 

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• The Adani Group has decided to scrap its $600 million dollar bond sale after the US SEC pressed charges against the group’s executives, alleging bribery

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• Today Gold Rate: The price of 10 gm of 24 carat gold is Rs. 77803.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 95200.0/Kg in Delhi.

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• Adani Group shares plunged when the markets opened on Thursday after the US SEC announced it was pressing charges against top executives in a bribery case

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• Billionaire Gautam Adani has been charged with paying hundreds of millions of dollars of bribes and hiding the payments from investors, US prosecutors said.

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