Time and money are largely interchangeable terms. - Winston S. Churchill

Manufactures

BNB Chain hackathon winner accuses Binance of stealing the idea

BNB Chain hackathon winner accuses Binance of stealing the idea

Earlier this month, CZ announced the launch of Bicasso, a tool for generating NFT using artificial intelligence. But, the winner of the BNB Chain hackathon and creator of the Chatcasso tool, accused the Binance exchange of plagiarism. According to him, the company copied the product just two months after they

Alibaba and Tencent

Alibaba and Tencent

China intends to buy 'golden share' in Alibaba and Tencent units to exercise control.

Tesla suspends plans to enter the Indian market

Tesla suspends plans to enter the Indian market

Ilon Musk's company has suspended plans to sell electric cars in India. Tesla was unable to reach an agreement with the authorities on lower import taxes, Reuters reported. Negotiations with the Indian government lasted more than a year. Tesla had intended to ship Chinese-made electric cars to India, but the

Philip Morris buys Swedish chewing tobacco manufacturer Swedish Match for $16 billion

Philip Morris buys Swedish chewing tobacco manufacturer Swedish Match for $16 billion

The maker of Marlboro is trying to diversify its business by looking for alternatives to traditional tobacco products because of regulatory scrutiny around the world. Although Swedish Match products are banned in the EU, the U.S. Food and Drug Administration cleared it in 2019. However, Swedish Match shareholders said

"Gazprom" is trying to convince European partners that they can pay for supplies without violating sanctions

"Gazprom" is trying to convince European partners that they can pay for supplies without violating sanctions

"Gazprom writes that the provisions of the new presidential decree of May 4 clarify the scheme for settlements in rubles proposed in late March. It follows from the new decree that foreign currency will be translated into rubles through the National Clearing Center. "Gazprom argues that the procedure ensures "transparency

Buffett's Berkshire Hathaway increases its stake in Occidental

Buffett's Berkshire Hathaway increases its stake in Occidental

Berkshire Hathaway has increased its stake in the U.S. oil company to about 15.2%. According to SEC documents, 5.9 million shares of Occidental were bought Tuesday, worth about $336 million. Occidental's stock has nearly doubled since the beginning of the year. Among the main factors were large

Average U.S. diesel prices hit historic highs for 5th consecutive day

Average U.S. diesel prices hit historic highs for 5th consecutive day

U.S. retail diesel prices are up 74% year-over-year.

EU informed Apple of its "preliminary opinion" that the company abused its dominant position in mobile wallet markets

EU informed Apple of its "preliminary opinion" that the company abused its dominant position in mobile wallet markets

Apple has restricted competition by reducing access to standard contactless payment technology, the EU said. We previously reported that the EU is threatening the tech giant with a fine of 10% of global turnover if it considers the claims against the company confirmed.

Apple to face new antitrust charges in Brussels

Apple to face new antitrust charges in Brussels

The tech giant will be accused of violating EU law in running Apple Pay. The company will receive large fines of up to 10% of global turnover if the charges are upheld. The claims against Apple relate to NFC or "near field communication" technology. Under the current system, Apple does

Not a single major European company has yet started paying for Russian gas in rubles

Not a single major European company has yet started paying for Russian gas in rubles

Russia's blackmail bets have failed. The big players have been in the market for years and know what to do, but several small European trading companies have started paying for Russian gas in rubles. Will this save Russia?