Business
Musk took drugs with Tesla, SpaceX execs – WSJ
Elon Musk’s use of drugs was common knowledge among his company’s directors, the Wall Street Journal reports
Get the Zuck out of here: How Facebook fell from revolution to hotbed of unreliability and misinformation
A pioneering company in the development of social media has now found itself at a crossroads as it searches for a new vision
Meta posts record one-day jump in market value
Facebook parent Meta Platforms gained roughly $200 billion in market capitalization on Friday, trading data shows
Red Sea crisis spurring demand for rail freight via Russia – CNBC
Demand for the transit of goods via the China-Europe rail route has reportedly been soaring in light of ongoing Houthi attacks
Iconic Berlin department store declares bankruptcy
Germany’s famous KaDeWe department store has filed for bankruptcy due to soaring rents
Russian tax service demands $140 million from IKEA – media
Russia’ tax authority has filed a claim against a local branch of Swedish furniture retailer IKEA, Kommersant news outlet reports
Next decade to see over $1 trn spent on boosting gas output worldwide – report
The global fossil fuel industry is set to invest $1 trillion in gas production through 2033, a climate NGO has claimed
Foreign tourism in Russia soars – FSB data
Russia saw foreign tourism more than triple last year despite Western sanctions that affected air traffic, data has shown
Central-bank buying spree driving demand for gold – report
Heightened geopolitical tensions have been boosting the safe-haven appeal of the precious metal
European country hardest hit by Houthi blockade named
The UK economy has so far suffered the most among its European peers due to shipping disruptions in the Red Sea, according to S&P Global
AI technologies help Russia boost economic growth – PM
Russia’s GDP expanded by up to 4% in 2023, and digital technologies are a major driver behind the growth, Mikhail Mishustin has said
EU country profiting from Russian gas – Bloomberg
Austria exported more electricity than it imported last year for the first time since 2003 thanks to steady supplies of Russian gas
Russia-led trade bloc’s de-dollarization almost complete
The EAEU member-states have been reportedly expanding trade in national currencies to boost economic sovereignty
Russian economy largest in Europe – Putin
Despite Western sanctions, the country has managed to post strong growth figures
German economy is dying. Here’s why and what happens next
The once mighty growth engine of the EU now seems vulnerable as the threat of deindustrialization looms
Ukraine seeks $1 trn from Russia – Zelensky aide
Frozen Russian assets won’t be enough to cover the damage Ukraine sustained in the ongoing conflict, Oleg Ustenko says