Recent reports have revealed that Saudi Arabia, the world's largest oil exporter, is buying Russian oil in significant amounts and then selling it onto the European market after disguising its origin. The practice of laundering oil is not new, but the fact that Saudi Arabia is involved is significant....
Read moreSaudi Arabia is set to make a massive investment of $38 billion towards developing a gaming hub in the Kingdom. This marks a significant step for the country's Vision 2030 plan, which aims to diversify the country's economy and create new industries to reduce its reliance on oil. The...
Read moreFormer President Donald Trump has warned that the US dollar is in danger of being dethroning as the world's number one currency due to President Joe Biden's economic policies. In a recent statement, Trump claimed that Biden's "reckless spending" and "inflationary policies" would weaken the dollar and ultimately lead...
Read moreElon Musk, the billionaire entrepreneur and CEO of Tesla and SpaceX, is facing a lawsuit over his recent tweets about Dogecoin, a cryptocurrency that has gained popularity in recent months. The lawsuit, which was filed in a federal court in California, alleges that Musk's tweets caused significant financial harm...
Read moreTesla, the electric vehicle (EV) manufacturer led by Elon Musk, reportedly Tesla built more cars than it was able to sell in the first quarter of 2023. According to sources familiar with the matter, Tesla produced approximately 280,000 cars during the quarter, but was only able to sell around...
Read moreThere has been speculation that Saudi Arabia is considering cutting its ties with the United States as part of a broader plan to achieve economic self-reliance. This would mark a significant shift in the country's long standing relationship with the US, which has been a key ally and trading...
Read moreIn recent years, China's yuan has replaced the US dollar as the most traded currency in Russia, marking a significant shift in the global financial system. China has made significant strides in expanding the use of its currency, in global transactions. One notable development is the increasing adoption of...
Read moreThe National Basketball Association (NBA) and its players union have reached an agreement on a new 7-year contract, according to a joint announcement made by both parties. The new agreement comes as the league shifts its focus to TV deals, with negotiations for the league's next broadcast contract set...
Read moreThe world's leading electric vehicle manufacturer, Tesla reports impressive delivery figures for the first quarter of 2023, with 422,875 deliveries reported. This marks a significant increase compared to the same period last year and is a testament to the company's continued growth and popularity. Tesla's strong performance in the...
Read moreAlphabet, the parent company of Google, is considering more spending cuts as part of its ongoing effort to meet its savings targets. This news comes after Google announced in February that it would be cutting its marketing budget in half and reducing its hiring plans for 2021. Ruth Porat,...
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