The latest on the Russia–Ukraine crisis, April 18. Click here for updates from April 17. Russia Hits Hundreds of Targets Across Ukraine, Fighters Cling on in Mariupol Russia said on Monday it had hit hundreds of military targets in Ukraine overnight, destroying command posts with air-launched missiles, while authorities in the western city of Lviv,…
LIVE UPDATES: Russia Hits Hundreds of Targets Across Ukraine, Fighters Cling on in Mariupol
LIVE UPDATES: Russia–Ukraine War (April 18)
The latest on the Russia–Ukraine crisis, April 18. Click here for updates from April 17. Ukraine Completes Questionnaire for EU Membership: Official Ukraine has completed a questionnaire which will form a starting point for the European Union to decide on membership for Kyiv, Ihor Zhovkva, deputy head of President Volodymyr Zelenskiy’s office, said. European Commission President…
Autos Rebound Fuels US Manufacturing Output Gain in March
A sharp rebound in automotive output in March spurred a third straight monthly gain in U.S. factory activity, perhaps signaling the worst of the production woes that have dogged the motor vehicle industry over the last year may have passed. Overall industrial production increased 0.9 percent last month, keeping pace with February’s upwardly revised pace,…
Australian PM Heads West With Defence Pitch
April 17, 2022
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anthony albaneseAustalAustraliaBusiness & Economyeconomic policiesInternationallabor partyPerthScott MorrisonWorld
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Australian Prime Minister Scott Morrison has headed west in the second week of election campaigning with a sweetener for the defence industry. Morrison announced an AU$124 million package for two extra navy patrol boats to be constructed at the Henderson shipyards in Perth, Western Australia, by local defence contractor Austal. The two new Evolved Cape…
Small Business Survey Reveals Ample Signs of Stagflation: Economist
Some inflation watchers have been on the lookout for signs of peak inflation, anticipating that the U.S. consumer price index will finally begin to trend lower after soaring to a fresh 40-year high in March. The latest data, however, has disappointed them. A recent small business survey and sky-high wholesale prices “telegraphed higher-for-longer inflation in…
Louisiana Asks SCOTUS to Block Biden Administration From Calculating ‘Social Cost’ of Carbon Emissions
Louisiana Attorney General Jeff Landry is vowing to ask the Supreme Court to prevent the Biden administration from recalculating and using the “social cost” of carbon emissions, a metric used in climate regulation that critics say needlessly drives up operating costs for businesses and prices for consumers. Critics have long said the classification of carbon…
Tax Day Laggards: Consider Filing for Extension If in a Rush
WASHINGTON—Millions of Americans wait until the last minute to file their taxes and this year is no exception. Monday is Tax Day—the federal deadline for individual tax filing and payments—and the IRS will receive tens of millions of last-minute filings electronically and through paper forms. As of April 8, the IRS had received more than…
Twitter Board Not Representing Shareholders: Elon Musk
April 17, 2022
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Beneficial OwnersBusiness & EconomyCompaniesElon MuskMedia & Big TechSocial MediaTechTwitterUSUS News
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Elon Musk said Saturday that the Twitter Inc. board of directors is not representing the interest of its shareholders. “Wow, with Jack departing, the Twitter board collectively owns almost no shares! Objectively, their economic interests are simply not aligned with shareholders,” he replied to a post showing a chart of the ownership percentages of Twitter…
Judge Rules Musk’s Tweets Over Taking Tesla Private Were False, Investors Say
A federal judge has ruled that Tesla CEO Elon Musk’s 2018 tweets about having secured financing to take the company private were false, according to court filings by Tesla investors suing the billionaire over the tweets. The filing said that the court ruled April 1 that Musk’s 2018 tweets were “false and misleading.” The court…
To Reduce Gas Prices, Get Government Out of the Way
Commentary From January 2020 to April 2022, the price of a gallon of gas in the U.S. increased 64 percent from $2.58 to $4.22. That’s seven times faster than the increase in the Consumer Price Index (CPI). The fact that gas prices are increasing so much faster than the overall increase in inflation has led…
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