Billionaire tech mogul Elon Musk said that the chief of Russia’s space agency threatened him with consequences for providing Starlink internet terminals to Ukrainian forces. “Elon Musk, thus, is involved in supplying the fascist forces in Ukraine with military communication equipment,” Dmitry Rogozin, head of Russia’s space agency Roscosmos, said in a message to Russian media,…
Elon Musk Threatened by Russia’s Space Agency Chief Over Starlink in Ukraine
May 9, 2022
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Business & EconomyCompaniesDmitry RogozinElon MuskEuropeInternationalRussia-Ukraine WarStarlinkTechTech NewsthreatWorld
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EasyJet to Remove Row of Seats so It Can Fly With Fewer Crew Amid Labor Crunch
British airliner easyJet has said it plans to remove seats in some of its planes this summer so that it can fly with fewer crew members amid staff shortages. In a statement to Business Traveller, the airline said the move was an “effective way of operating our fleet while building additional resilience and flexibility into our…
Tyson Foods Raises Annual Sales Forecast on Higher Prices
Tyson Foods Inc. raised its full-year sales outlook on Monday after soaring meat prices helped the U.S. processor beat quarterly revenue and earnings estimates. Shares jumped about 2 percent in premarket trading. Meatpackers have come under scrutiny from the White House and Congress over climbing meat prices, with the White House blaming a lack of…
Indonesia’s Economic Growth Holds Steady at 5 Percent in Q1
Indonesia’s economy grew by 5.01 percent from January to March 2022 compared to the same period a year earlier, matching the 5.02 percent growth rate seen in the fourth quarter of 2021, according to data released by the country’s statistics agency on May 9. Growth in the first quarter was mainly supported by a recovery…
China’s Exports Growth Hits 2 Year-Low as COVID Curbs Hit Factories
BEIJING—China’s export growth slowed to single digits, the weakest in almost two years, while imports barely changed in April as tighter and wider COVID-19 curbs halted factory production and crimped domestic demand, adding to wider economic woes. Exports in dollar terms grew 3.9 percent in April from a year earlier, dropping sharply from the 14.7…
Northern Ireland Business Community Voices Concerns Over Political Uncertainty
Business leaders in Northern Ireland have expressed concerns over the continuing political uncertainty following Thursday’s local elections and have called for the reestablishment of a fully functioning government for the region. Northern Ireland has not had a functioning local government since February, when the Democratic Unionist Party (DUP), then the largest party in the regional…
Norther Ireland Business Community Voices Concerns Over Political Uncertainty
Business leaders in Northern Ireland have expressed concerns over the continuing political uncertainty following Thursday’s local elections and have called for the reestablishment of a fully functioning government for the region. Northern Ireland has not had a functioning local government since February, when the Democratic Unionist Party (DUP), then the largest party in the regional…
25 Million Ton Backlog of Grains Blocked From Being Exported out of Ukraine: UN Food Agency
A huge backlog of grain shipments totaling nearly 25 million tons is stranded in Ukraine and unable to be transported out of the country owing to “infrastructure challenges” and blocked ports in the Black Sea, according to a U.N. food agency official. The blocked shipment of grains could be further exacerbating high food prices across…
Power Grid Operators Warn of Potential Electricity Shortages Amid Transition to Clean Energy
Power grid operators from across the United States have warned that they are struggling to keep up with the demand for electricity as they attempt to transition to cleaner energy sources, meaning that some parts of the country could see blackouts during the summer. “I am concerned about it,” Midcontinent Independent System Operator (MISO) Chief Executive…
Australian Opposition Leader Resists Guaranteeing Wage Increase
May 9, 2022
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anthony albaneseAustraliaaustralian federal electionAustralian federal election 2022Business & Economyeconomic policiesInternationalScott MorrisonWorld
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Opposition leader Anthony Albanese has resisted promising an increase to average wages in Australia if he wins power at the next election. One of the key pillars of the centre-left Labor Party’s attack on the incumbent government’s performance has been slow wage growth in recent years. “Our objective is to have real wage increases, and…
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