BRUSSELS—Alphabet unit Google on Monday urged Europe’s second-highest court to dismiss a 1.49-billion-euro ($1.6 billion) fine imposed by EU antitrust regulators three years ago for hindering rivals in online search advertising. The case is one of three that has resulted in a total of 8.25 billion euros in European Union antitrust fines on the world’s…
Big US Pension Fund Raised Stake in Tesla and This Automaker in Q1
The State Teachers Retirement System of Ohio, or STRS Ohio, one of the largest U.S. public pensions fund, raised its exposure to Tesla Inc. and Ford Motor Co. in the first quarter while trimming its stake in General Motors Co., latest regulatory filings show. Raising Tesla Exposure STRS Ohio raised its stake in the Elon Musk-led Tesla by about 10 percent in the three months ended March…
‘Obscene’ Tuition Fees Are Driving Education Inflation Rate: Former Vice Chancellor
May 3, 2022
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Australiaaustralian educationAustralian universitiesBusiness & EconomyCompanieseconomyeducationhigher educationinflationWorld
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The rising cost of tuition fees is one of the primary causes of the soaring education inflation rate, two former vice-chancellors argue. The comments come after the latest consumer price index from the Australian Bureau of Statistics (ABS) reveals education is the largest single contributor to inflationary growth in the March quarter of 2022, with…
Euro Zone Factory Output Growth Stalled in April: PMI
LONDON—Euro zone manufacturing output growth stalled last month as factories struggled to source raw materials while demand took a knock from steep price increases and fears about the economic outlook, a survey showed. Russia’s invasion of Ukraine, coupled with renewed COVID-19 related lockdowns in China, have exacerbated supply chain bottlenecks and left factories struggling and…
Elon Musk’s Mom Says Stock Surge Paid for Him to Move to Canada
Tesla Inc CEO Elon Musk’s investment advice to his Twitter followers on Sunday drew a financial anecdote from his mother Maye Musk as well. What Happened The 74-year-old Maye, a former model, shared her first stock story from over five decades ago when she won 100 rands in a beauty competition in South Africa. She…
BOJ Says Fuel, Food-Driven Gains to Keep Propping up Japan Inflation
TOKYO—Japan’s consumer inflation will continue to face upward pressure later this year from rising electricity bills and food prices, as the recent surge in commodity prices hits the economy with a lag, the central bank said on Monday. As Japanese utilities set electricity bills based on the average import cost several months before, the upward…
Asian Shares Mixed as Australia Hikes Interest Rate
Asian shares were mixed Tuesday after Australia’s central bank raised a key interest rate for the first time since 2010. Trading was light with markets in mainland China, Japan, and some other countries closed for holidays. Australia’s central bank lifted its benchmark interest rate to 0.35 percent from 0.1 percent. Investors also are expecting another…
Elon Musk Ships Tesla Powerwalls to Ukraine for Ambulant Clinics, Draws Praise From Vice Premier
Tesla Inc CEO Elon Musk shipped its rechargeable lithium-ion battery stationary energy storage equipment to war-ravaged Ukraine to power up to two ambulant clinics in Irpin and Borodyanka. What Happened Ukraine’s Vice Prime Minister Mykhailo Fedorovsaid in a Twitter post on Friday that the new solar panels and integrated battery systems from Tesla Energy’s Powerwall will use renewable energy and store it…
Japan’s Low-Cost Soul Food Noodles May Become Casualty of Ukraine War
May 3, 2022
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Asia & PacificBusiness & EconomyChinaCompanieseconomic policieseconomyEuropeInternationalJapanMarketsnoodleRussia-Ukraine WarUkraineWorld
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TOKYO—Ryu Ishihara will soon be raising prices on his inexpensive bowls of soba noodles for the first time in nearly a decade, as rising costs and Russia’s invasion of Ukraine take an unlikely toll on Japan’s beloved buckwheat noodles. Though seen as one of the most quintessential of Japanese foods—and eaten on New Year’s Eve…
Mark Cuban and Elon Musk Believe Dogecoin Could Defeat Twitter’s Spam Bots: Here’s How
May 3, 2022
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Business & EconomyCompaniescryptocurrencyeconomyElon MuskMark CubanMarketsSocial MediaTechTwitterUSUS News
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Tesla Inc. CEO Elon Musk continues to show his support for Dogecoin. In a recent tweet, Billionaire investor Mark Cuban suggested using Dogecoin to authenticate Twitter Inc. users and reduce the amount of bot-driven spam on the site. Seconding his thought, Dogecoin co-creator Billy Markus said he liked Cuban’s idea. Musk responded to Markus, saying it…
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