EU member states have reached an agreement that is expected to allow Brussels to transfer the income generated by Russia’s frozen central bank reserves to Kiev, according to an X (formerly Twitter) post on Monday by the Belgian presidency of the EU Council. “EU Ambassadors just agreed in principle on …
Read More »Emergency order targets ‘extra profits’ of big firms
Hungary intends to fund its military and social safety programs by taxing banks, insurance companies, airlines, energy and telecom utilities and others, Prime Minister Viktor Orban announced on Wednesday. It’s Orban’s first action under a state of emergency that Budapest has just enacted, citing the conflict in neighboring Ukraine. The …
Read More »US Democrats use Ukraine biolab profits for campaign funding – Russia
Democrats in the US partnered with Big Pharma companies and friendly foundations led by George Soros and Bill Gates to set up biological research in Ukraine, using the project to generate additional funding for elections, the Russian military said on Wednesday in the latest biolab briefing. “It needs to be …
Read More »Meta profits crash
Facebook’s parent company Meta Platforms has reported a 21% drop in profits for the first quarter of this year, the company’s slowest revenue growth since going public a decade ago. According to the First Quarter 2022 Results released on Wednesday, the company’s profit was $7.5 billion as opposed to $9.5 …
Read More »JPMorgan profits crash
JPMorgan Chase said on Wednesday its first-quarter profit has dropped by 42% from last year, partly because the bank wrote down nearly $1.5 billion in assets due to higher inflation and the winding down of business in Russia amid the conflict in Ukraine. The bank, the largest in the US …
Read More »Russia to reap huge profits from energy exports — media
Russia’s energy revenue is expected to skyrocket this year if trading partners continue purchases of oil and gas from the sanction-hit country. Russia will get an estimated $321 billion in energy exports in 2022, marking a surge of more than a third compared to last year, according to a Bloomberg …
Read More »Ex-governor Cuomo ordered to pay back ‘Covid profits’
The Joint Commission on Public Ethics (JCOPE) in Albany voted 12-1 on Tuesday to claw back the profits Cuomo made from the book, saying he inappropriately used state resources – namely, the staff that worked in the governor’s office – to have it written. The only holdover was a commissioner …
Read More »Biden’s oil tactic would raise Russian profits, Republicans claim
A Biden administration official reiterated this week that an export ban is being weighed – as proposed last month by Democrat lawmakers – to keep US crude supplies at home and help blunt rising energy prices. While no decision has been made, Republicans fear that such a move would hurt …
Read More »Restaurant chain invests all profits in bitcoin and makes a fortune
Quick-service restaurant chain Tahini’s, based in London, Ontario, which serves Middle Eastern cuisine, made its first investment in bitcoin in August 2020 when it cost around $12,000 per token. Despite recent drops, the world’s biggest cryptocurrency by market capitalization traded at over $56,390 early Tuesday morning, nearly five times higher …
Read More »‘Profits over people’: Travis Scott & Drake accused of incitement in Astroworld festival tragedy lawsuit
23-year-old festival attendee Kristian Paredes filed a lawsuit this weekend accusing Scott and guest star Drake of stirring up the crowd and sparking the deadly chaos. Parades is seeking over $1 million in damages. Drake “came on stage alongside Travis Scott and helped incite the crowd,” the lawsuit claimed, and …
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