Tesla...
In 2 years Elon Musk has no plans to sell Tesla shares Musk also said that the company is considering a buyback.
Walter Grand
Two of Bankman-Fried's colleagues pleaded guilty to fraud
Two former colleagues of disgraced cryptocurrency mogul Sam Bankman-Fried pleaded guilty to federal criminal charges that they helped him orchestrate a multi-year scheme to defraud investors in FTX, the cryptocurrency trading platform that collapsed last month, the U.S. Attorney for the Southern District said. It was reported Wednesday by
Ruthless competition and government support have led to an electric car revolution in China
When Daniel Zhu bought his first electric car earlier this year, the main motivation was not environmentalism. It was practical. Getting a license plate for a gasoline car in Beijing was almost impossible. What's more, Arcfox, a Chinese brand created by state-owned BAIC Group in 2020 as a potential Tesla
Cryptocurrency not Money...
According to Krugman, "In 14 years, however, cryptocurrencies have hardly invaded the traditional role of money. They are too inconvenient to use for conventional transactions. Their values are too unstable." Bindsale and Schaaf confirm this: "Bitcoin's conceptual design and technological flaws make it a questionable means of payment: real Bitcoin
Banking sector
90% of companies providing accounting services provide gray services. From paper VAT to cashless receipts
Polychain has invested $7 million in a bitcoin wallet developer.
Self-storage bitcoin developer Foundation Devices has raised $7 million in a seed round led by Polychain Capital. Other participants include Greenfield Capital and Lightning Ventures, as well as existing startup investors Third Prime, Warburg Serres, Unpopular Ventures and Bolt. Foundation Devices' flagship products are the Passport hardware wallet, which uses
China's largest banks have volunteered to save the bankrupt real estate developers
According to Reuters, China's largest commercial banks have pledged to provide developers with new credit worth at least $ 162 billion. In recent weeks, authorities have stepped up measures to support property developers. Many of them previously failed to meet their debt obligations and were forced to stop projects. Now, when
Poland and Baltic states demand a $30-per-barrel ceiling on oil prices from Russia - Politico
Most EU countries support introduction of price ceiling for oil from Russia in the range of $65-70 per barrel. However, Polish and Baltic authorities reject such a price ceiling, demanding a ceiling of $30 per barrel.
Strong labor market or staff shortage?
Almost 40% of Russian employers are ready to increase the number of employees in their organization in 2023. At the same time, 28% of organizations plan to index and increase salaries. Only 11% of surveyed companies are planning to reduce the number of staff, and 4% of companies are faced
FTX owes its biggest creditors $3.1 billion, - The Block
Cryptocurrency exchange FTX, which has filed for bankruptcy, owes its 50 largest creditors more than $3 billion. Of that, it owes nearly $1.5 billion to its 10 largest creditors. In total, more than a million people may have claims against the exchange, FTX lawyers said.