Ripple emerges victorious in XRP lawsuit against the SEC


Ripple has won the lawsuit against the United States Securities and Exchange Commission (SEC). The crypto industry is ecstatic, including Ripple’s CEO, Brad Garlinghouse. On Twitter, the CEO shared what was most important to him in the lawsuit. Ripple has won the lawsuit against the SEC, making history in the crypto industry. In December 2020, the lawsuit was filed against the company...

Borealis Foods comes to NASDAQ thanks to deal with Kenes Rakishev’s OXUS


Borealis Foods Inc. operates in the segment of innovative food technologies. This company, for example, has created ramen, which is both organic, vegan, vegetarian, halal, kosher, vegetable, egg- and dairy-free, GMO-free, monosodium glutamate-free and contains 20 grams of protein per serving. The packaging of this ramen is recyclable. The daughter of Borealis Foods, Palmetto Gourmet Foods, Inc...

Fitch maintained Tesco rating


Fitch, a leading credit rating agency, has announced its decision to maintain the ratings of Tesco, citing the company’s strong market position in the United Kingdom as a key factor. This assessment reaffirms Tesco’s reputation as a dominant force in the UK retail industry and highlights its resilience in the face of competitive pressures and market dynamics. The decision by Fitch to...

Lidl to offer vegan meat substitutes next to meat


Anyone wanting to pick out a burger at Lidl will soon be able to choose the vegetarian variant in one hand movement. The discounter will put the four best-selling meat substitutes right next to the meat in the refrigerator. This should entice customers to choose plant-based food more often, including those who normally pass by the veg shelf. Not all meat substitutes will be next to meat...

Mikhail Stiskin an Pavel Grachev mission in Detsky Mir is over: was it Kerimov’s success story?

Detsky Mir

During the past few weeks, several business media outlets have reported on a major corporate event in Russia: Mikhail Stiskin and Pavel Grachev, top managers at Detsky Mir JSC, have left the board and subsequently sold their stakes to the main competitor. The entire history of Grachev and Stiskin’s involvement in Detsky Mir is somewhat mysterious. Both individuals came from the Polyus gold...

EU Digital Services Act will target nineteen largest IT companies


The nineteen largest online platforms and search engines will have to comply with broader obligations under the new Digital Services Act (DSA) from the end of August 2023. For example, they need to target illegal content and disinformation in the EU, adapt their recommendation systems and be transparent about online advertising through their services. Instagram Facebook, Twitter, Apple, Google...

Shell, BP and Dow do more impact on CO2 than competing companies


Industrial giants such as Shell, BP and chemical company Dow have a much greater climate impact than their competitors. The companies produce less efficiently, which means that they emit many hundreds of thousands of additional tons of CO2 every year. For your car, it doesn’t matter if you buy petrol from a Shell, BP or Esso petrol station. But the climate impact of the refineries in which...

ECB raises interest rates again despite financial market turmoil


The European Central Bank (ECB) has again raised interest rates by half a percentage point, as expected. Although this increase had already been announced by the ECB, there were sounds from the financial sector that the increase could still be somewhat lower. That has to do with the unrest on the stock exchanges in recent days. The idea was that the central bank could also opt for a less high...

Technology Minerals adds seven new permits for Leinster lithium mining


Technology Minerals Plc has announced the addition of seven new exploration licenses to its land holdings on its Leinster Lithium property in the Republic of Ireland. This addition brings the company’s licensing position to 23 licenses with a total area of 760 km2 of very promising geology with verified occurrences of spodumene-containing lithium pegmatites. Initial explorations at two...

Tesla cuts prices to 20 percent in US and Europe, reversing strategy


Tesla has now also reduced the prices of its electric cars in the US home market and the main European markets by up to 20 percent. Earlier, the automaker already reduced its prices in China, the largest car market in the world. The company led by billionaire Elon Musk hopes to fuel demand after several quarters of disappointing deliveries. Tesla lowered the price of its cheapest car, the Model...

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