America’s largest banks are now raising red flags about the health of those loans. Banks “are going to lose money on the loans they’ve made. That’s pretty evident — whether oil prices go to $30 or $80 a barrel,” said Dick Bove, an analysts who covers banks at Rafferty Capital. Source CNN Money
Fraport Greece reported a 71.4% annual decline in passenger traffic last year at the 14 regional airports it operates in Greece. The total number of passengers who used the airports of Thessaloniki, Corfu, Hania, Cephalonia, Zakynthos, Aktio, Kavala, Rhodes, Kos, Samos, Mytilene, Mykonos, Santorini and Skiathos reached 8,611,780, of which 5,994,180 were on international flights – a year-on-year decline of 74.2%. Source Ekathimerini
Russian oil drilling giant Gazprom Neft opened a crypto mining farm running on associated gas energy unlocking the power of Russia’s oil and gas resources for the needs of bitcoin (BTC) mining, reports Yahoo Finance. The venue for cryptocurrency mining is on one of the company’s oil drilling sites in the Khanty-Mansi Autonomous Okrug in Siberia. It is using the associated gas from Gazprom Neft’s oil field as an energy source and has its own power plant to transform this gas into electricity. Source Realnoevremya
The United States’ trade deficit surged to its highest level in more than 14 years in November as businesses boosted imports to replenish inventories, offsetting a rise in exports. Source Reuters
