Business News

NATO meeting in Brussels, 4 March. Despite the situation on the ground, NATO does not want to be directly involved in the conflict, including the creation of a no-fly zone. (Olivier Dulery/Poole/AFP/Getty Images) 30 NATO member countries met in Brussels on Friday to discuss the alliance’s next steps in Ukraine. Diplomatic efforts have failed to …

Par Pacific Holdings suspends all purchases of Russian oil for refineries in Hawaii Read More »

MEMPHIS, Tennessee (WMC) — The Family Dollar is facing multiple class action lawsuits in at least three states over a rat infestation at the company’s West Memphis distribution center. Clients who filed lawsuits say the company knew or should have known about the rat infestation and its associated health risks, but remained silent due to …

Several lawsuits filed against Family Dollar after rat infestation Read More »

As donations in cryptocurrencies continue to come in, the Ukrainian government is openly showing how it uses the funds. Ukraine spent $15 million of its cryptocurrency donations on combat equipment, including bulletproof vests delivered on Friday, says Oleksiy Bornyakov, Deputy Minister of Digital Transformation of Ukraine. The Ministry of Digital Transformation, created two years ago …

Ukraine spends $15 million of donated cryptocurrency on military equipment Read More »

It’s been a big week for Tesla in Germany. After a long wait, Giga Berlin received the environmental certificate on Friday. Now, Drive Tesla has learned that the factory has reached another milestone and released its first Model Y Long Range test vehicles this week. So far, Giga Berlin has only produced the Model Y …

Giga Berlin Launches First Tesla Model Y Long Range Vehicles Read More »

(Bloomberg) — Stock markets have concluded that a Russian invasion of Ukraine could have long-term consequences for the global economy. Most read by Bloomberg European stocks tumbled at the end of the week to their lowest level in a year as the massive crackdown on Russia disrupts trade with one of the world’s major suppliers …

Stock market ‘deny deal’ over Russian invasion fails Read More »

The price of bitcoin fell 6% overnight, despite some gains in the middle of the week, as the global cryptocurrency market lost a staggering 4.1% ($78 billion) of its total market capitalization. Bitcoin started the week on a discount, with Monday’s lows hitting a low of $37,518, according to CoinMarketCap. The world’s leading cryptocurrency then …

Bitcoin Drops 6% Overnight, Back Below $40K Read More »

Shell could make a $20 million profit on a shipment of cheap Russian oil it bought just days after the oil company announced it was pulling out of the country following its invasion of Ukraine. When the London-listed company announced on Monday plans to pull out of a joint venture in Russia, its chief executive, …

Shell set to make $20 million in controversial Russian oil trade Read More »

Microsoft is suspending the sale of all new products and services in Russia, the last tech giant to withdraw from the country in response to the attack on Ukraine. Microsoft President Brad Smith announced the decision in a blog post on Friday, adding that the company is working closely with the US, the European Union …

Microsoft stops sales in Russia, details about cyber protection measures Read More »

SpaceX CEO Elon Musk said some governments recently ordered the company to block Russian media access to its Starlink satellite broadband service. IN tweet he sent out early Saturday, Musk said the company would not honor the request “except at gunpoint.” According to Musk, the demand did not come from Ukraine. “Excuse me for being …

Musk said Starlink would not block Russian media “unless it’s at gunpoint.” Read More »

Russian President Vladimir Putin’s war in Ukraine has shaken up Europe’s slow move to phase out Russian natural gas, but time is running out and consumers could be out of work and factories idle by next winter. Whether the Kremlin turns off the taps in response to sanctions or Europe stops buying, European politicians agree …

Europe fears it may be too late to cut dependence on Russian gas Read More »