AuthorOliver I. Kjeldsen

Oliver I. Kjeldsen has a corporate finance and extensive expertise in company audit. He grants us amazing insights on taxation, international affairs and friendly advice on nearly any topic of interest. His email is [email protected]

Hertz has ordered 100,000 Teslas following customers’ demand

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The American car rental company Hertz has ordered 100,000 electric cars from Tesla as the first step in an ambitious plan to renew its fleet of rental cars. This was reported by Bloomberg News Agency on Monday, based on sources. The order is the largest ever for electric cars and accounts for 4.2 billion in sales for Tesla. Car rental companies usually charge large discounts from car...

No passwords were leaked, Twitch states

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A data breach at the beginning of October on the streaming platform Twitch did not leak any user passwords. The company writes this in an update on its website on Friday. The leak came to light on October 6, when a hacker on internet forum 4chan claimed that he had stolen 125 GB of data from Twitch. According to the hacker, these include the source Code of Twitch and payout information of users...

Geely puts Volvo at IPO, will remain the major shareholder

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The Swedish car manufacturer Volvo Cars will be taken to the Stock Exchange in Stockholm, the company announced on Monday. This will raise a sum of SEK 25 billion (about EUR 2.5 billion). The Swedish company wants to use the proceeds of the stock sale to invest in electric cars and wants to have a full electric supply by 2030. Volvo Cars is owned by the Chinese car company Zhejiang Geely. The IPO...

Trading of Evergrande shares shut down at Hong Kong Stock Exchange

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Ailing property developer China Evergrande Group is about to sell just over half of its stake in its real estate business to the also Chinese Hopson Development. The deal would yield Evergrande, financially plagued, 4.3 billion euros. This is reported by the Chinese state newspaper Global Times, after the trading of both Evergrande and Hopson shares was shut down. Hopson would like to take a 51...

Electrabel launches multi-billion-dollar nuclear savings fund in Belgium

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The energy company Engie Electrabel is about to create one of the largest investment funds in Belgium. The operator of the Belgian nuclear power plants will transfer € 4.3 billion from the Luxembourg Nuclear Investment Fund to Brussels. The capital is transferred to the Belgian Nuclear Liabilities Fund (BNLF), which can become the largest investment fund in the country. By the beginning of 2022...

Evergrande’s demise is tied to investor relations

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Six directors of the shaky Chinese real estate developer Evergrande have paid out the company’s investment products while they were not allowed to do so, Evergrande announced. The company demands that the six pay back the money. In addition, the real estate developer wants to impose to the six “firm fines”. The six senior managers had invested money in their own investment...

Just Eat Takeaway has been charged at maximum in New York city

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The city of New York has decided to make the current regulations on meal delivery permanent, including rules on a maximum commission. This may mean end of practice for Just Eat Takeaway.com in New York. The commission is limited to a maximum of 15%. For platforms that do not deliver themselves, the ceiling is 5 percent of the order. The consumer may be treated separately, but restaurants may not...

Public organizations voiced their concerns in the open letter to Knesset

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The letter written to the Knesset joins ministers in protest against the reduction of regulation. A letter was sent to the Knesset on Thursday in which 28 environmental, security and medical organizations demanded that the reform for the Regulation Authority, which would lower the amount of government regulation in various areas, be taken out of the Arrangements Law. “Only a few months ago...

Industry Prize winners are announced – here is the list

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Winners of the prestigious “Industry Prize” and the “Aryeh Shenkar z”l Life Achievements in Industry Prize” come from a wide variety of backgrounds. Winners of the prestigious “Industry Prize” and the “Aryeh Shenkar z”l Life Achievements in Industry Prize” have been announced. Out of nine recipients, four are women and three are from...

The Baazov brothers and the biggest frauds in the gambling history

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The rise and fall of the gambling business “kings”. In the 2010s, David Baazov attracted general attention several times: at first as a young successful businessman who became the “king of poker” at the age of 34 and then as a defendant in a number of high-profile scandals. Canadian dream The Baazov family moved from Israel to Canada in the early 1980s. The youngest of the brothers, David, showed...

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