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Musk’s loose tongue costs him billions again – media

The world’s richest man, Elon Musk, saw his fortune shrink by $16.9 billion on Friday, Forbes reports. Earlier this week, reports emerged of Musk’s plans to lay off 10% of Tesla’s employees and suspend hiring, citing the CEO’s leaked letter to senior management. As a result, Tesla shares dropped 9.2%, …

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Russia’s counter sanctions may cost Germany billions of euros – media

Russia’s sanctions against Gazprom’s former German subsidiary may cost Germany around €5 billion ($5.36 billion) in additional expenses per year, the newspaper Welt am Sonntag reported on Sunday, citing sources within the industry. On March 31, Russia’s state energy giant and major gas exporter Gazprom exited Gazprom Germania in response …

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Brazilian front-runner slams US billions for Ukraine

Brazilian presidential candidate Luiz Inacio Lula da Silva called out US President Joe Biden in two campaign speeches this week, citing the $40 billion in military aid Washington has pledged to Ukraine. Lula is polling far ahead of the incumbent, Jair Bolsonaro, in the upcoming presidential election. “Biden, who has never …

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Germany seeks to spend billions on weapons for Ukraine – media

German Chancellor Olaf Scholz has announced plans to spend an additional €2 billion ($2.16 billion) on military needs, most of which is aimed at providing supplies to Ukraine, Reuters reported on Friday. Citing a government source, the news agency said that approximately €400 million ($432.5 million) of the new money …

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Russia adds billions to emergency spending fund

Russia has increased its reserve fund used for emergency spending by 273.4 billion rubles ($3.52 billion), the government announced on Sunday. “The funds, among other things, will be used to implement measures aimed at ensuring economic stability in the light of external sanctions,” the press service of the Cabinet of …

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Hungary at risk of losing billions in EU funding

The EU Commission has triggered a new mechanism which could see billions of euros allocated for Hungary. The bloc has for years accused Budapest of undermining democracy and violating LGBT rights. Speaking in the European parliament on Tuesday, European Commission President Ursula von der Leyen explained that the European Commission …

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Poland asks for billions in EU funding for Ukrainian refugees

Poland has requested €2.2 billion from the EU to cover the costs associated with the Ukrainian refugees, the country’s deputy interior minister, Blazej Pobozy, has revealed. Speaking to the TVP Info broadcaster, Pobozy explained that, with such an influx of refugees, the costs are huge and are expected to rise …

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Bitcoin billions for Russia if it regulates crypto – report

Russia could collect up to 1 trillion rubles ($13 billion) per year by regulating and taxing cryptocurrency transactions, analysts for the government believe, according to Moscow-based news outlet The Bell. The report follows intense debate in Russia over how to deal with cryptocurrency, with some suggesting it should be completely …

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