Germany Pushes for G-7 Reversal on Fossil Fuels in Climate Blow

Germany Pushes for G-7 Reversal on Fossil Fuels in Climate Blow

A person familiar with the discussions said Italy wasn’t actively opposing the German proposal. Italy, like Germany, is highly dependent on Russian gas. On Friday, speaking during a press conference in Brussels, Prime Minister Mario Draghi said Italy has managed to reduce Russian gas imports from 40% last year to 25% at the moment. This … Read more

Russia Steps Up Bombing in West and North

Russia Steps Up Bombing in West and North

Missile attacks on Ukraine’s north and west overnight were some of the heaviest in months, including bombs launched from Belarus, according to Ukrainian officials. Ukrainian troops are withdrawing from Sievierodonetsk, while Russian forces made some progress in their push toward Lysychansk, the last major holdout in the Luhansk region that Kyiv still controls, local governor … Read more

EV Newcomer Polestar Stock Has a Big and Wild First Trading Day

EV Newcomer Polestar Stock Has a Big and Wild First Trading Day

Text size Thomas Ingenlath, CEO of Polestar AB, will run the new company. Krisztian Bocsi/Bloomberg The merger of the special-purpose acquisition company Gores Guggenheim and the electric-vehicle maker born from Volvo is done, and the stock has launched with a volatile day of trading. Early Friday, Polestar stock (ticker: PSNY) was at $12.10, up almost … Read more

Why Margin Calls and Bot Liquidations Are Roiling Crypto

Why Margin Calls and Bot Liquidations Are Roiling Crypto

The pain now buffeting DeFi apps was triggered after centralized crypto lenders Celsius Network and Babel froze deposits and the rumored collapse of fund Three Arrows Capital sent crypto prices down by double digits over the course of a week. Celsius had worked with many DeFi apps to earn the high returns it offered. Much … Read more

London’s Prime Shopping Street Has a Case of Long Covid

London’s Prime Shopping Street Has a Case of Long Covid

The Crown Estate — which traces its roots to the Norman conquest in 1066 — owns a range of assets, from shops, offices and rural lands to the seabed around England. Now an independent company established by an Act of Parliament, its proceeds go to the UK treasury, which in turn sets aside a portion … Read more