Economy

Food prices in Europe will jump because of the energy crisis

Food prices in Europe will jump because of the energy crisis

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Food prices in Europe will jump because of the energy crisis
The European energy crisis has hit the fertilizer industry, jeopardizing the food supply. Food supply cuts will lead to a jump in food prices

Economy

Chinese companies are ready to rally against Tesla

Chinese companies are ready to rally against Tesla

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Chinese companies are ready to rally against Tesla
Chinese manufacturers of electric cars, competitors of Tesla, expect "inevitable consolidation". This sector is now experiencing an "exciting moment"

Economy

Elon Musk criticized the tax benefits for a competitor

Elon Musk criticized the tax benefits for a competitor

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Elon Musk criticized the tax benefits for a competitor
Tesla CEO Elon Musk criticized the law, which could benefit individual manufacturers of electric vehicles. General Motors, Ford, and Chrysler will benefit from the adoption of the law

Economy

The UK crashed shares of French vaccine maker

The UK crashed shares of French vaccine maker

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The UK crashed shares of French vaccine maker
After the British government decided to terminate the contract for the supply of the vaccine from France, the shares of the company Valneva SE, which produces it, fell by 45% during trading in Paris

Economy

The head of the US Treasury Department told when Washington will run out of money

The head of the US Treasury Department told when Washington will run out of money

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The head of the US Treasury Department told when Washington will run out of money
US Treasury Secretary Janet Yellen said that the available cash reserves in the Treasury may run out in October. She called on the government to increase the debt limit

Economy

Tesla will help Germany oust China

Tesla will help Germany oust China

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Tesla will help Germany oust China
Germany will finance Tesla to help the EU reduce imports from China and push its manufacturers into the electric car market

Economy

Revenue of large US companies exceeded the level before the pandemic

Revenue of large US companies exceeded the level before the pandemic

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Revenue of large US companies exceeded the level before the pandemic
According to the results of the 2nd quarter, more than 75% of American companies recorded revenue growth to a volume exceeding the pre-pandemic level