Japan and Russia have reached an agreement on Tokyo’s fishing quotas for salmon and trout spawned in Russian rivers, despite Moscow’s anger over the spate of economic sanctions that Tokyo imposed over its invasion of Ukraine. Japan’s Fisheries Agency said Saturday that the two countries agreed on Tokyo’s fishing quota of 2,050 tons of salmon…
Japan, Russia Reach Agreement on Fishing Quotas Amid Ukraine-Related Sanctions
Crypto Miner BitRiver Sanctioned by US Over Russian Operations: Bloomberg
April 23, 2022
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Business & EconomyCrypto Miner BitRivercryptocurrencyeconomic policieseconomyEuropeMarketsRussiaRussia-Ukraine WarUS sanctionsWorld
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The U.S. Treasury Department sanctioned crypto mining firm BitRiver, targeting one of the industry’s top data-center service providers over its operations in Russia, Bloomberg reported. The Swiss-based company BitRiver provides Bitcoin miners worldwide with energy sources, mining facilities, and large-scale management solutions, including those in Eastern Europe and Russia. Treasury announced restrictions on BitRiver, including 10…
Analysis: Musk Tears Up Buyout Playbook With $46.5 Billion Twitter Financing
It is the biggest acquisition financing ever put forward for one person. Elon Musk is doing it his way. More than two-thirds of the $46.5 billion financing package that Musk unveiled on Thursday in support of his bid for Twitter Inc. would come from his assets, with the remainder coming from bank loans secured against…
McDonald’s Calls Icahn Demands on Sourcing Pigs Unfeasible, Expensive
BOSTON—McDonald’s Corp. on Thursday said Carl Icahn’s call for the fast food chain to stop buying pork from suppliers that house the animals in crates would be logistically unfeasible and prohibitively expensive. The billionaire investor, who owns roughly $50,000 worth of McDonald’s stock, is pushing the company to change how it sources its pork and…
‘Embarrassing:’ Elon Musk Reacts to Tesla Being Pitted Against Rivian on Operating Expenses
Tesla Inc. CEO Elon Musk on Wednesday said the electric vehicle company’s operating expense is “embarrassingly high.” What Happened The billionaire entrepreneur was reacting to a Twitter post that compared Tesla’s first-quarter operating expenses with that of Rivian Automotive Inc.’s from its fourth quarter. Q1 2022 Operating Expenses @elonmusk Tesla — $1.9 billion Rivian — $2.1 billion — Whole Mars…
Which Federal Reserve Members Move the Markets Most With Their Public Comments?
When Federal Reserve members talk, investors listen. Some Fed members understandably tend to move the stock market more than others. Federal Reserve Structure The Federal Reserve consists of the Board of Governors, the Federal Reserve Banks, and the Federal Open Market Committee, or FOMC. The Board of Governors is the governing body of the Federal…
Ferrari to Recall More Than 2,000 Cars in China Over Braking Issues
SHANGHAI/MILAN—Luxury sports car maker Ferrari will recall 2,222 cars in China due to a potential fault in its braking systems, China’s market regulator said in a statement on Friday. The recall covers the 458 Italia, 458 Speciale, 458 Speciale A, 458 Spider, 488 GTB, and 488 Spider series models, the State Administration for Market Regulation…
‘Respect My Sex’ Campaign Launches Amid Trans Debate in Australia
April 23, 2022
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AustraliaAustralian federal election 2022biological sexgender identityKaryn LisignoliKatherine DevesLGBTQItransgendertransgender athletesWorld
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Australians will be encouraged to quiz their local members about their stance on transgender issues under a nonpartisan campaign seeking to move biological rights to the forefront of the upcoming federal election. Launched on April 22, the Respect My Sex If You Want My Vote campaign will tell community members to lobby their local electoral…
Ackman Gives Up on Netflix, Taking $400 Million Loss as Shares Tumble
Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix on Wednesday, locking in a loss of more than $400 million as the streaming service’s stock plunged following news that it lost subscribers for the first time in a decade. Ackman’s hedge fund Pershing Square Capital Management made an abrupt U-turn, selling the 3.1…
Business Chart of the Day: Bitcoin’s Support at This Area
Since April 11, every time Bitcoin dropped to levels around $39,665, it reversed. That’s because there is support there. Support is a large group of investors who are all looking to buy something at, or close to, the same price level. At support levels, there are typically more buyers than sellers. The demand from the…
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