A Russian conglomerate will be allowed to buy out the coal-mining companies previously owned by Ukrainian oligarch Rinat Akhmetov, the Kremlin confirmed on Thursday. President Vladimir Putin approved the sale in line with the standing anti-sanctions measures. The joint stock company ‘Best Solution’ will acquire 100% of the shares of …
Read More »World’s richest man praises recession as ‘good thing’
Elon Musk, the world’s richest man, has tweeted in praise of the recession facing the US in response to a follower’s question, suggesting it’s actually a “good thing” because “it has been raining money on fools for too long.” He blamed “Covid-19 stay-at-home stuff” for “tricking” people into thinking they …
Read More »Richest Ukrainian vows to rebuild the country
Billionaire Rinat Akhmetov, the richest man in Ukraine, has pledged to restore the damage brought to the country amid Russia’s military operation, in an interview with Reuters published on Saturday. “We will rebuild the entire Ukraine… I trust that we all will rebuild a free, European, democratic, and successful Ukraine,” …
Read More »World’s richest man sued over Twitter share declaration
Twitter investor, Marc Rasella, has accused the SpaceX founder and the world’s richest man, Elon Musk of making him lose money through “misleading statements” about his purchase of a large stake in Twitter on Tuesday. The plaintiff, who seeks class action status for his case on behalf of investors who …
Read More »Forbes reveals who topped list of world’s richest
The CEO of Tesla and SpaceX, Elon Musk, has become the world’s richest person, according to Forbes magazine’s latest billionaires list, published on Tuesday. Musk is atop the World’s Billionaires list for the first time ever. As of March 11, the businessman was worth an estimated $219 billion, after his …
Read More »Ukraine sanctions lead to $80bn loss for Russia’s richest
Russia’s richest people have lost about a third of their wealth over the past week, due to Western sanctions over the war in Ukraine, according to the latest Bloomberg Billionaires Index. The impact of US and EU sanctions against Russian oligarchs and the collapse of the ruble has seen their …
Read More »IMF urges world’s richest countries to save poorest
“Low-income countries will find it increasingly difficult to service their debts,” as the G20’s debt service suspension initiative is expiring at the end of the year and interest rates are poised to rise, IMF Managing Director Kristalina Georgieva and the head of the strategy, policy, and review department, Ceyla Pazarbasioglu, …
Read More »FBI raids Washington house of Oleg Deripaska, once Russia’s richest man, reports say, as clips show officers cordoning off scene
Clips posted by NBC correspondent Laura Strickler from outside the palatial residence, said to be belonging to Deripaska, show officers wearing masks and FBI windbreakers standing guard at the perimeter. In 2018, Deripaska was targeted by the US Treasury Department sanctions after officials claimed he acted as a proxy for …
Read More »Trump out, Big Pharma in: Top Moderna executives make Forbes’ top 400 richest list
Two founding members and a top investor at the company cracked into the catalogue of American affluence this week. The list charts the 400 richest citizens by net worth, and now includes Moderna’s chairman and co-founder, Noubar Afeyan, another co-founder, Robert Langer, as well as Timothy Springer, among the firm’s …
Read More »The richest and most war-mongering nation on Earth is still addicted to bombing poor, defenseless nations
Kill anything that moves March 15, 1968 was a normal day in America. The sun was shining. The birds were chirping. Race riots in Mississippi were entering their fifth day or so. And at the other end of the globe, in Vietnam, soldiers of the Americal Division’s Charlie Company, 1st …
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