Volkswagen’s CEO wrote that electric vehicle battery plants in the European Union are “practically unviable” at this moment due to soaring energy costs. Further investment in key industrial projects such as battery cell plants in Germany and the EU are becoming more unfeasible due to policymakers inability to control skyrocketing long-term energy prices, according to…
Volkswagen Says EV Battery Plants ‘Practically Unviable’ in EU Due to Soaring Energy Costs
November 29, 2022
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Business & MarketsCompanieseconomic policieseconomyenergyenergy crisisEnvironmentEuropeGermanyinflationInvestmentMarketsRussia-Ukraine WarScienceVolkswagenWorld
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Australian Crypto Ownership Drops Following Market Fluctuations in 2022: Research
New research shows fewer Australians are embracing cryptocurrencies (crypto) following the plunges in their value in 2022. However, the sharp fluctuations in prices have not deterred a proportion of the population from getting in deeper into crypto. According to a new report by the digital currency exchange Independent Reserve, the Independent Reserve Cryptocurrency Index (IRCI),…
Ukrainians Expecting More Russian Attacks on Energy Grid
November 29, 2022
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Atlantic CouncilBusiness & MarketscongresseconomyenergyEuropeGold and CommoditiesInternationalMarketsNational SecurityPoliticsRussiaRussia-Ukraine WarUkraineUSWorld
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At a Nov. 28 event hosted by an influential Washington think tank, Ukrainians described Russian strikes on their energy infrastructure and detailed the resources they say they need to recover, on the heels of billions in U.S. and other aid to the Eastern European country. “He [Vladimir Putin] is sure that this winter is a…
Ukrainians Expect More Russian Attacks on Energy Grid
November 29, 2022
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Atlantic CouncilBusiness & MarketscongresseconomyenergyEuropeGold and CommoditiesInternationalMarketsNational SecurityPoliticsRussiaRussia-Ukraine WarUkraineUSWorld
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Ukrainian officials described Russian strikes on the nation’s energy infrastructure and detailed the resources they say are needed to recover, on the heels of billions in U.S. and other aid to the Eastern European country, during a Nov. 28 event hosted by an influential Washington-based think tank. “He [Vladimir Putin] is sure that this winter is…
Ukrainians Expect More Russian Attacks on Grid, Seek Funding for New Equipment
November 29, 2022
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Atlantic CouncilBusiness & MarketscongresseconomyenergyEuropeGold and CommoditiesInternationalMarketsNational SecurityPoliticsRussiaRussia-Ukraine WarUkraineUSWorld
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At a Nov. 28 event hosted by an influential Washington think tank, Ukrainians described Russian strikes on their energy infrastructure and detailed the resources they say they need to recover, on the heels of billions in U.S. and other aid to the Eastern European country. “He [Vladimir Putin] is sure that this winter is a…
Ukrainians Say Expecting More Russian Attacks on Energy Grid
November 29, 2022
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Atlantic CouncilBusiness & MarketscongresseconomyenergyEuropeGold and CommoditiesInternationalMarketsNational SecurityPoliticsRussiaRussia-Ukraine WarUkraineUSWorld
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At a Nov. 28 event hosted by an influential Washington think tank, Ukrainians described Russian strikes on their energy infrastructure and detailed the resources they say they need to recover, on the heels of billions in U.S. and other aid to the Eastern European country. “He [Vladimir Putin] is sure that this winter is a…
US Stock Indexes Fall as Lockdown Protests Spread in China
A broad slide on Wall Street left stocks lower Monday as global financial markets reacted to protests in China calling for Chinese leader Xi Jinping to step down amid growing anger over severe COVID-19 restrictions. The S&P 500 fell 1.5 percent, clawing back all of the benchmark index’s gains from last week. The Dow Jones…
Bahamas AG Says FTX ‘Debacle’ Not Their Fault
November 28, 2022
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Alameda ResearchBusiness & MarketsCompaniescrypto bankruptcycrypto collapseCrypto Exchange FTXcryptocurrencyInvestmentMarketsMedia & Big TechTechWorld
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Bahamas Attorney General Ryan Pinder took to the podium Sunday night to defend his country’s securities regulators against “inaccurate allegations” by the U.S.-based legal team, led by veteran work-out attorney John Ray III, that has taken over management of FTX in bankruptcy, following the cryptocurrency exchange’s abrupt collapse in early November. “It is possible that…
BlockFi Files for Chapter 11 Bankruptcy Protection as FTX Contagion Spread
BlockFi, one of the largest cryptocurrency lenders in the industry, filed for Chapter 11 bankruptcy protection, according to a new filing on Nov. 28. The company acknowledged that it had “significant exposure” to FTX and ex-CEO Sam Bankman-Fried’s subsidiaries. This, BlockFi says, included “obligations owed to us by Alameda, assets held at FTX.com, and undrawn…
BlockFi Files for Chapter 11 Bankruptcy Protection as FTX Contagion Spreads
BlockFi, one of the largest cryptocurrency lenders in the industry, filed for Chapter 11 bankruptcy protection, according to a statement on Nov. 28. The company acknowledged that it had “significant exposure” to FTX and founder and former CEO Sam Bankman-Fried’s subsidiaries. This, BlockFi says, included “obligations owed to us by Alameda, assets held at FTX.com, and undrawn…
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