Business
Volkswagen considers closing factories in Germany for first time
Volkswagen is planning to close several car plants and lay off staff in order to cut costs, citing a difficult economic situation
Hungary can’t survive without Russian oil – FM
Ukraine’s decision to halt Russian fuel transit is challenging for Budapest, according to Peter Szijjarto
Russian finance minister gives upbeat economic forecast
Russia’s 2024 GDP growth is expected to be higher than previously projected, according to country’s finance minister Anton Siluanov
Trump set to turn US into ‘crypto capital of the planet’
The US Republican presidential nominee Donald Trump has become a vocal supporter of cryptocurrencies
US stalling on G7’s $50 billion loan for Kiev – media
Washington wants guarantees the West can tap frozen Russian assets for as long as needed to finance Ukraine, Euractiv has reported
Blast from the past: Why the Nord Stream sabotage may yet have its day of reckoning
Economic hardship in Europe and military humiliation in Ukraine mean this pivotal event won’t stay on the figurative sea floor forever
Russia responds to Ukraine’s refusal to extend gas transit deal
EU countries could face higher energy prices unless Kiev prolongs its contract with Gazprom, according to Dmitry Peskov
Number of crypto millionaires doubles in a year – report
There are over 172,000 crypto millionaires globally, a 95% increase since 2023, according to the new Crypto Wealth Report by a UK company
Durov’s arrest boosts global Telegram downloads – media
The arrest of Telegram founder and CEO Pavel Durov in France has reportedly provided a boost to the app’s popularity
Price of UK’s favorite fast food skyrockets
The cost of fish and chips has risen by over 50% in the past five years, driven by soaring energy bills and sanctions on Russia, data shows
Israel stalls on state budget – Bloomberg
Prime Minister Benjamin Netanyahu’s administration has reportedly been struggling to agree on a fiscal framework for 2025
Toncoin cryptocurrency falls 19% after Durov arrest
The Telegram founder was arrested in France last week and is reportedly being accused of insufficiently moderating the messenger
Australians allowed to dodge bosses’ phone calls
Most workers in Australia now have a legal right to ignore work-related calls, emails, and messages during time off under a new law
US tech giant disbands research division in China – media
IBM is reportedly shutting its research and development branch in China in a move affecting more than 1,000 staffers
Western sanctions have backfired — metals tycoon
Tycoon Alisher Usmanov has described Western sanctions against Russian businessmen as “a colossal mistake”
Russia issues new update on China gas pipeline
Russia’s Foreign Ministry commented on the Power of Siberia 2 pipeline in light of reports that Mongolia excluded it from national plans
