The delayed impact of the EU’s wartime sanctions on Russia – POLITICO

Press play to listen to this article Voiced by artificial intelligence. The EU was quick to hit Russia with sanctions after Vladimir Putin launched the invasion of Ukraine — but it took time and an escalation of measures before Moscow started to feel any real damage. Since the war started in late February last year, … Read more

Adani Offshore Investor Has Links to Adani Family

Business Asia A short seller’s allegations of fraud by Gautam Adani’s conglomerate center on whether his family wielded influence over Mauritius-based investors

Ex-FTX exec Salame alerted Bahamas regulators to SBF potential fraud

FTX founder Sam Bankman-Fried (2nd L) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on December 13, 2022.  Mario Duncanson | AFP | Getty Images Days before FTX’s bankruptcy filing last month, co-CEO Ryan Salame told Bahamian authorities that founder Sam Bankman-Fried may have committed fraud by sending … Read more

Elon Musk Is Unfazed By Tesla’s Decline

Tesla is completely lost on Wall Street.  The electric vehicle manufacturer is having a dark year in the stock market. And those difficulties worsened on Dec. 13 with another sharp drop in the stock price of almost 4%.  In all, the Tesla stock lost has lost 54.2% of its value in 2022, translating into a drop … Read more

The Real Fusion Energy Breakthrough Is Still Decades Away

Last week, inside a gold-plated drum in a Northern California lab, a group of scientists briefly recreated the physics that power the sun. Their late-night experiment involved firing 192 lasers into the capsule, which contained a peppercorn-sized pellet filled with hydrogen atoms. Some of those atoms, which ordinarily repel, were smushed together and fused, a … Read more

Sam Bankman-Fried has been arrested. This is what happens next.

Tom Williams | CQ-Roll Call, Inc. | Getty Images Sam Bankman-Fried’s arrest in the Bahamas on Monday marks the beginning of a new chapter in the FTX saga, one that will pit the former crypto billionaire against the Southern District of New York. The indictment is expected to remain sealed until Tuesday morning. U.S. prosecutors … Read more

A home energy upgrade that’s becoming a climate and financial winner

Heat pumps are becoming more popular for residential housing with energy prices increasing and the need to reduce use of fossil fuel heating systems. Andrew Aitchison | In Pictures | Getty Images Thinking about a home heat pump? New and expanded government incentives, coupled with sharply rising utility costs, make it more compelling. Especially when … Read more

Kansas oil spill the biggest in Keystone pipeline history, federal data shows

A ruptured pipe dumped enough oil this week into a northeastern Kansas creek to nearly fill an Olympic-sized swimming pool, becoming the largest onshore crude pipeline spill in nine years and surpassing all the previous ones on the same pipeline system combined, according to federal data. The Keystone pipeline spill in a creek running through rural pastureland … Read more

Democratic lawmakers accuse big oil of ‘greenwashing’

Gas prices are displayed at an Exxon gas station on July 29, 2022 in Houston, Texas. Exxon and Chevron posted record high earnings during the second quarter of 2022 as energy stocks have faltered in recent months. Brandon Bell | Getty Images A pair of Democratic lawmakers on Friday accused the largest oil companies in … Read more

Buffett’s Likely Successor Buys $68 Million of Berkshire Stock

Berkshire Hathaway Vice Chairman Greg Abel, the likely successor to CEO Warren Buffett, bought about $68 million of the company’s shares last Thursday in what appears to be his first purchases of Berkshire stock since he assumed the position in 2018. In several Form 4 filings Monday with the Securities and Exchange Commission, Abel disclosed … Read more