Business
UK facing steep rise in bankruptcies – report
The number of bankruptcies in England and Wales surged to the highest level in over a year last month due to high interest rates
Euroclear confirms confiscation of Russian assets
Euroclear has confirmed that it will start transferring interest generated by frozen Russian funds to Ukraine this month
BlackRock-linked firm shorted Trump stock ahead of shooting
Austin Private Wealth tried to short-sell a massive amount of Trump Media ($DJT) stock before the assassination attempt
First country approves artificial meat for pets – FT
Pet food is the natural starting point for the lab-grown meat market in Britain, a producer has said
Russia and Hungary working to resume oil supplies – media
Moscow and Budapest are reportedly trying to restore Russian oil deliveries after Ukraine banned transit through its territory
Putin outlines new digital currency policy
The digital ruble should be fully incorporated into the Russian economy, President Vladimir Putin has said
World’s biggest alcohol market revealed
China is the world’s largest alcohol seller, in an industry which injected $730 billion into global GDP in 2022
Japan to transfer billions of frozen Russian money to Ukraine – media
Japan will provide $3.3 billion in loans to Ukraine using interest from frozen Russian assets as part of the G7’s $50 billion aid package
Elon Musk abandons California over trans law
SpaceX and X are relocating to Texas in response to a controversial LGBTQ law signed by California Governor Gavin Newsom, Elon Musk has said
Russia to launch Starlink-style internet network – media
Russian operators are expected to begin providing high-speed ‘sky-fi’ internet for passengers of jets, trains, and cars within several years
Russia ahead in bid for Türkiye’s second nuclear plant – energy minister
Ankara is also in talks with China and South Korea on nuclear projects, Bloomberg has reported
‘Russia’s Google’ completes split from parent firm in West
Dutch-based parent company of Russian tech giant Yandex has announced a deal has been finalized to sell its business in Russia
Wealthy French could emigrate en masse – Bloomberg
Many of France’s top earners are reportedly mulling relocating after a left-wing alliance won most seats in parliament
Kremlin denies claim of imminent YouTube ban
The service could experience slowdowns in Russia because its servers have not been updated in two years, Dmitry Peskov explained
Moscow temporarily nationalizes packaging giant’s assets
Russia has temporarily nationalized the assets of a metal packaging giant following a presidential decree
Apple retakes crown as world’s most valuable company
The iPhone maker’s market capitalization has surpassed $3.5 trillion for the first time in history