Oil giant Shell has announced it will exit its joint ventures with Russian energy giant Gazprom, just a day after BP said it planned to divest its nearly 20% stake in the Russian oil company Rosneft. Shell’s decision will see the oil giant pull out of its 27.5% stake in Gazprom, its 50% stake in […]
“Elon Musk, while you try to colonise Mars — Russia try to occupy Ukraine! While your rockets successfully land from space — Russian rockets attack Ukrainian civil people!" Ukraine’s vice prime minister, Mykhailo Fedorov, tweeted. Internet connectivity in Ukraine has been heavily impacted by the Russia invasion, particularly in the south and east of the […]
Basquiat’s 1982 triptych Portrait of the Artist as a Young Derelict (1982) will be offered in Christie’s contemporary art evening sale. Bidding for the painting — which is almost seven-foot wide — will start at around $30 million according to a Christie’s spokesperson. However, an estimate is only available upon request. Portrait of the Artist […]
Rolls-Royce’s announcement came as the company returned to profit last year after meeting its restructuring targets a year sooner than anticipated. In 2020, Rolls-Royce saw a $4 billion loss compared to a profit of £124 million in 2021. Despite today’s crash for Rolls-Royce shares, analysts say the stock has recovered well since October 2020, when […]
Shares in Tesla fell for the fourth day in a row to their lowest level since September amid a broad decline in global stock markets, largely due to geopolitical tensions surrounding Russia and Ukraine. According to the Bloomberg Billionaires Index, Tesla’s CEO remains the wealthiest person in the world. Nonetheless, Musk has seen $71.7 billion […]
Analysts predict Porsche could be valued at up to €90 billion in an initial public offering (IPO). Currently, the market value of Volkswagen — which completed its acquisition of Porsche in 2012 — stands at around €116 billion. Speaking to Reuters, two people familiar with the matter said that, in the potential IPO, Volkswagen could […]
Virgin Galactic is selling 1,000 tickets for a 90-minute trip aboard its VSS Unity, which will take off from Spaceport America in New Mexico. “At Virgin Galactic, we believe that space is transformational,” said Virgin Galactic CEO Michael Colglazier. “We plan to have our first 1,000 customers on board at the start of commercial service […]
According to the Financial Times, Berkshire Hathaway CEO Buffett purchased the substantial stake just weeks before the record-breaking acquisition, estimated to be worth $68.7 billion, was completed. In 2022, Activision shares are up 23% to $81.50, though remain notably below the proposed $95 per share takeover price due to potential antitrust concerns. In the past, […]
Billionaire Tesla CEO Elon Musk donated a total of 5,044,000 shares in the world's most valuable car manufacturer in November last year, according to its filing with the US Securities and Exchange Commission (SEC). Musk’s donation was worth an impressive $5.74 billion, based on the closing prices of Tesla shares on the five days he […]
Swedish electric surfboard manufacturer Awake has just revealed the latest version of its range-topping model, the Rävik S 22. While Awake's latest board doesn’t look dramatically different from its award-winning forerunners, it promises surfers better response and a lot more power. Awake’s slick electric surfboards feature squared-end designs, a channel-shaped carbon fibre hull that effortlessly […]
SpaceX CEO Elon Musk has announced that the Starship rocket is close to being ready to go orbital. However, the rocket’s launch now depends on the Federal Aviation Administration, which will not issue the vehicle permission to fly until an environmental assessment is complete. "I think we're tracking to have the regulatory approval and hardware […]
Van Beurden’s 190,000 shares were sold at an average price of £20.40 per share, one day before they reached their highest level since January 2020 at £20.80. According to the company filing, the CEO’s sale totalled at £3.876 million. Van Beurden has led Shell since 2014. Last Thursday, van Beurden said “I still believe that […]
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