Author: Steven Sahiounie

The chief executive has unloaded nearly $40 billion of the company’s shares since late last yearTesla CEO Elon Musk said on Thursday he will not sell any more of the company’s stock for about two years, noting that a decision on a buyback could be influenced by the severity of any economic downturn.Speaking in a Twitter Spaces audio chat, Musk warned that the economy will be in a “serious recession” in 2023, and demand for big-ticket items will be lower.His comments followed a Tesla stock sell-off this week, amid investor worries over falling demand for the company’s cars and Musk…

The surging cost of essentials like bread leave the most vulnerable the worst off, a study has foundThe rate of food inflation in the UK has reached its maximum since 1977, with consumers in poorer areas reporting they are buying less food, a survey by the Office for National Statistics published on Thursday shows.Lower-income households appear to be the hardest hit by spiraling inflation, with 61% of consumers living in the most deprived areas buying less when food shopping compared to last year, as opposed to 44% in the least deprived areas.Although overall inflation in the UK – including housing…

The country’s economy could have been 5.5% bigger now if the UK hadn’t left the EU, a London-based think tank says. The UK economy would have been much better off if the country had stayed in the European Union, a study by the Centre for European Reform (CER) shows. According to the findings, by June 2022, the country’s GDP was 5.5% smaller than it could have been if Brexit had not happened, which is an estimated loss of £33 billion ($40 billion).For the study, the CER calculated how a “doppelganger” UK, one that did not quit the bloc, would have…

Overall imports of oil, gas, and coal hit $8 billion in November, customs data showsChina purchased record volumes of Russian liquefied natural gas (LNG) last month, while imports of oil and coal have also surged, according to a Chinese customs report issued on Tuesday.Despite a 5.4% drop in China’s total LNG purchases, Russian exports of the super-chilled fuel doubled in November compared to last year, and reached 852,000 tons worth $815.6 million. In annual terms, LNG sales from January to November surged by 39% from a year earlier to 5.82 million tons. Sales of the fuel to the Asian country…

Sam Bankman-Fried has been allowed to await trial at his parents’ home after posting a record-high bondSam Bankman-Fried, the man accused of defrauding cryptocurrency investors out of nearly $2 billion, will be awaiting trial at his parents’ house in California, rather than in a New York jail cell, after a Manhattan judge agreed to release the FTX founder on a $250 million bond.The shaggy-haired Bankman-Fried, who ranked as the second-largest donor to Democratic Party political campaigns in 2022, walked out of the US District Courthouse in Manhattan on Thursday afternoon, flanked by US marshals, lawyers and his parents. The bond,…

Steven Sahiounie, journalist and political commentator Yesterday’s deadly attack in Paris laid open the wound of rampant racism in France. An attacker shot dead three people at a Kurdish cultural center and wounded another three persons. The attacker was arrested and had a history of immigrant attacks. France has a problem with racism and immigrant hatred, but officially that subject is ignored and not to be discussed. Kylian Mbappe has said he was racially abused in social media following his team’s loss in the final game of the World Cup 2022 in Qatar. Mbappe is a French footballer who played…

By: Arnaud Develay, international Human Rights Lawyer Arms trafficking by Ukrainian gangs has made it possible to diversify stocks placed on the market at unbeatable prices in the countries of the European Union. Through an unprecedented outpouring of solidarity (especially with regard to the management of the health crisis), Europe has sent massive arms to Ukraine. Weapons that will undoubtedly end up killing Pierre, Jacques, Anne, even you or me. The road to Hell is paved with good intentions. This is the boomerang effect already seen through the ridiculous imposition of “sanctions trains”: Before releasing 100 million euros to equip…

Part of the services provided through the EDUs involve technology promotion. The trainees are not considered to be beneficiaries, but rather business clients, ensuring the sustainability of the EDU network. Those who graduate from the training receive support with investments, business matchmaking and technology sourcing.Amina-Gaalooge Osman, a 34-year-old entrepreneur, started an agricultural cooperative that used manual labour. Thanks to UNIDO’s help in connecting her to local banks and to Somali-Italian business firms, today Osman sells tractors imported from Italy to Somalia’s farmers. It is the first time in recent history that the farming business in Somalia has gained access to…

According to the latest IMF report, UAE GDP growth is projected to reach above 6 per cent in 2022, up from 3.8 per cent last year The UAE economy has quickly survived the economic impact of the Covid-19, with near-term economic growth being strong, underpinned by a rebound in domestic activity, while elevated oil prices support high surpluses in the fiscal and external balances, according to a top IMF official.According to the latest IMF report, UAE GDP growth is projected to reach above 6 per cent in 2022, up from 3.8 per cent last year.With global trends, inflation is expected…

PORT LOUIS, Dec 22 (Reuters) – Mauritius’ statistics office on Thursday increased its forecast for economic growth in 2022 to 7.8% from a previous estimate of 7.2% in September.The East African island nation’s economy grew by 3.5% in 2021. This article was originally published by Reuters.