Tag Archives: billions

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 …

The European Union will urgently provide Ukraine with assistance to “address its financing needs due to the conflict,” President of the European Commission Ursula von der Leyen told journalists on Monday. The Commission plans to allocate an initial €1.2 billion ($1.36 billion) as part of “an emergency macro-financial assistance package,” …

Tesla investors on Tuesday asked a judge to order Elon Musk to repay the electric carmaker for the 2016 acquisition of solar panel producer SolarCity. The company has been integrated and reorganized, and is now known as Tesla Solar. The plaintiffs on the case filed last year claim Musk used …

Congress has authorized $7 billion for the Pacific Deterrence Initiative, the Pentagon’s program to confront China. This continues the US’ flawed practice of throwing money at the military to solve problems created by bad policy.  Like its predecessors, the PDI is doomed to fail. The 2022 National Defense Authorization Act …

In a development that may put some moderate Democrats on the fence, the Congressional Budget Office, a non-partisan body in charge of estimating the cost of pending legislation, found that Biden’s Build Back Better plan is likely to come at a heavy price for the US economy. In its much-awaited …

Should Germany proceed with legalization, the research estimates that it could bring in tax revenues of €3.4 billion ($3.86 billion) per year and save some €1.3 billion ($1.48 billion) in costs within the police and judicial system, alongside creating 27,000 new jobs.  The report, carried out by the Institute for …

Gates made his comments during a discussion with the chair of the Health Select Committee and former UK Health Secretary Jeremy Hunt at the COP26 summit this week.  “It’ll take probably about a billion a year for a pandemic Task Force at the [World Health Organization] level, which is doing …

On Wednesday, the Public Accounts Committee (PAC) published its latest report, heavily criticising the Ministry of Defence (MoD) for continued procurement errors and failing to learn from its mistakes over the past 35 years. The PAC contended that MoD inefficiencies in procurement, as well as supplier delays, have cost the …

“We put this question to the EU, asked them to explain themselves. We are waiting for a reaction,” Lavrov said, stating that the ‘carbon tax’ contradicts the rules of the World Trade Organization (WTO). In July, the European Commission (EC) published its draft action plan for the world’s first carbon …

The meeting, however, comes at the worst possible time. And it isn’t even really Ukraine’s fault. As even the staunchly pro-Maidan American-run media there have to admit, the mix of oligarchy, corruption and erosion of democracy has become embedded in the East European country. Eyeing re-election, Zelensky is clamping down …