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November 30th - OPEC+ is about to hold a meeting to assess the global oil market. Given the increasingly apparent signs of oversupply, the alliances oil-producing countries are still expected to pause supply increases in the first quarter of next year. Several representatives indicated that the Saudi- and Russian-led alliance is likely to adhere to the plan reached earlier this month to make a modest production increase in December, followed by stable production levels for the first three months of next year. While this pause demonstrates some caution from OPEC and its partners after their rapid resumption of oil production earlier this year, it still leaves the global market facing a significant oversupply in early 2026, potentially putting further pressure on oil prices.Ukrainian President Volodymyr Zelenskyy announced that he has appointed former Ukrainian Ambassador to the United States, Irina Markarova, as his advisor on reconstruction and investment.On November 30th, Canadian Solar announced that it plans to adjust its US market business by establishing two new joint ventures, M and N, with its controlling shareholder, Canadian Solar Inc. (CSIQ). CSI will hold 24.9% of the shares, and CSIQ will hold 75.1%. Company M will focus on the US photovoltaic business, while Company N will focus on the US energy storage business. Simultaneously, the company plans to restructure its US manufacturing plant, with CSIQ holding 75.1% and CSI holding 24.9%, to obtain a one-time equity transfer consideration and subsequent ongoing equity gains from the 24.9% stake in the US business. This transaction and the waiver of commitments have been approved by the board of directors and are subject to shareholder approval.On November 30th, Baili Tianheng announced that its wholly-owned subsidiary, SystImmune, recently received a $250 million milestone payment from BMS. According to the cooperation agreement, the company is also eligible for up to $250 million in near-term contingent payments, as well as additional payments of up to $7.1 billion upon achieving specific development, registration, and sales milestones.On November 30th, Zhuochuang Information announced that it submitted an application to the Hong Kong Stock Exchange on November 28th, 2025, for the issuance of overseas listed shares (H shares) and listing on the Main Board of the Hong Kong Stock Exchange. The application materials for this issuance and listing were also published on the Hong Kong Stock Exchange website on the same day. The issuance and listing are subject to approval, authorization, or filing by relevant government agencies, regulatory bodies, and stock exchanges, and will be implemented only after comprehensive consideration of market conditions and other factors. Therefore, the matter remains subject to uncertainty.

Meta Will Begin Exploring Revenue-Generating Solutions for its Metaverse

Aria Thomas

Apr 12, 2022 09:52

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These privileged users will be able to sell their accessories or charge for access to specific digital areas they have created using a single tool, the firm claimed.


Additionally, the social media giant is piloting a "creator bonus" program for a select group of Horizon Worlds users in the United States, in which it would compensate members each month for using new features launched by the firm.


"We want there to be a ton of wonderful worlds, and in order for that to happen, there has to be a lot more creators who can sustain themselves and make this their profession," CEO Mark Zuckerberg stated during an avatar-based dialogue with early adopters.


The parent corporation of Facebook (NASDAQ:FB), Meta, has made significant investments in virtual and augmented reality to represent its new bet on the metaverse, a future concept of a network of virtual spaces accessible through various devices where people may work, socialize, and play.


The corporation is up against emerging virtual world players that allow for the purchase and sale of land, buildings, avatars, and even names in the form of non-fungible tokens, or blockchain-based virtual assets. Last year, the market for these assets boomed, with sales reaching into the hundreds of thousands of dollars.


Horizon Worlds, a sprawling virtual reality social network, and Horizon Venues, a virtual event platform, are early incarnations of metaverse-like places developed by Meta.

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