In a statement Germany’s German economy and climate protection minister Robert Habeck said, energy ministers from the Group of Seven industrialized countries have rejected demands by Russian President Vladimir Putin to pay for Russian gas in Rubles. “All G7 ministers… Read More ›
Entrepreneurship
CVC Capital Partners submits non-binding bid for 49% stake in Telecom Italia’s enterprise services arm
As per two sources familiar with the matter at hand, CVC Capital Partners has submitted a non-binding expression of interest for a stake up to 49% in Telecom Italia’s (TIM) enterprise services arm. The non-binding approach targets a business of… Read More ›
Evergrande New Energy Vehicle Group to start accepting orders for its new electric SUV
In a statement China Evergrande New Energy Vehicle Group said, it will start accepting orders for its Hengchi 5 electric sport utility vehicle, “imminently”; to this end it will open sales centres in 15 major cities across the country. The company… Read More ›
Giving some serious thought on building new social media platform: Elon Musk
In a tweet, Elon Musk said, he is giving some “serious thought” on building a new social media platform. This was in response to a Twitter user’s question on whether he would consider building a social media platform based on… Read More ›
EV component manufacturer Vitesco receives orders worth $2.20 billion
In a statement Vitesco‘s Chief Executive Andreas Wolf said, the company had received a $2.20 billion (2 billion euros) order to produce a component for electric vehicles (EVs). Wolf did not name the client. Last year the company had forecast… Read More ›
Gas shipments to Europe via Ukraine continuing: Gazprom
Late on Sunday, Russian energy giant Gazprom said, supply of liquid natural gas to Europe via Ukraine in line with requests from European consumers is continuing. LNG requests stood at 109.6 million cubic metres (mcm) for March 27, slightly up from… Read More ›
British police arrest 7 alleged Lapsus$ hackers
In a significant development, the British police have arrested 7 people following a series of hacks by the Lapsus$ hacking group which targeted companies including Microsoft Corp and Okta Inc. The authentication services of San Francisco-based Okta Inc are used by… Read More ›
Germany considering purchase of Israeli missile defense system: German Chancellor Olaf Scholz
Late on Sunday, German Chancellor Olaf Scholz said, Germany is considering purchasing a missile defense system to shield against a potential Russian attack. “This is certainly one of the issues we are discussing, and for good reason,” said Scholz. He… Read More ›
Sanctions Cause Russians To Panic And Buy Antidepressants And Sleeping Drugs
According to data revealed recently, Russians have hurried to stock up on antidepressants, sleeping pills, and contraceptives, among other things, since the conflict in Ukraine began, with many purchasing a month’s worth of medicine in just two weeks. Although official… Read More ›
Russia Turns East For Replacements As Western Retail Brands Quit The Country
An industry association warned on Friday that Russia is looking to China, India, Iran, and Turkey to fill the void left by the exit of western retail corporations, as Moscow struggles to find methods to counteract its growing isolation in… Read More ›