Kremlin acted ‘like a drug dealer’ over gas supplies, says Polish prime minister

Polish Prime Minister Mateusz Morawiecki said the Kremlin acted “like a drug dealer” when it comes to Europe’s gas supply. “Initially the gas [from Russia] was supposed to be very cheap, but we now know the real price of the gas. The real price of the gas is also the blood of soldiers and people, … Read more

The biggest threat today is recession, not inflation

The US Federal Reserve has raised interest rates too quickly and the risk of a recession will be “extremely” high if it continues, said Jeremy Siegel, professor emeritus of finance at the Wharton School at the University of Pennsylvania. “They should have started tightening up much, much earlier,” he told CNBC’s “Street Signs Asia” on … Read more

US-China tensions could boost China’s innovation: JPMorgan

An employee works on the semiconductor wafer production line at a factory of Jiangsu Azure Corporation Cuoda Group. China has ramped up investment in its chip industry to be self-sufficient in crucial technology needed for electric vehicles, smartphones and more. VCG | Visual China Group | Getty Images Tensions between the US and China have … Read more

Adidas says relationship with Kanye West is under review

Sneaker and apparel maker Adidas said on Thursday it is reviewing its relationship with the outspoken Kanye West. “After repeated attempts to resolve the situation privately, we have made the decision to review the partnership. We will continue to manage the current product together during this time,” the company said in a statement. Adidas announced … Read more

Musk Wants To Stop Oct 17 Trial To Make Twitter Deal Under Agreed Terms

Elon Musk’s Twitter profile page can be seen on an Apple iPhone mobile phone. Nurfoto | Nurfoto | Getty Images Three days after Elon Musk said he wanted to return to his original agreement to buy Twitter for $54.20 a share, Tesla’s CEO is asking the social media company to end all lawsuits to close … Read more

Millions of Britons will pay more in collusive taxes despite budget cuts, study shows

The government of British Prime Minister Liz Truss has pledged to freeze the threshold on tax-free personal deductions until 2025-26, effectively putting more workers in a higher tax bracket. Jacob King | Dad Pictures | Getty Images LONDON — Millions of British workers will pay more in “creeping” taxes in the coming years, even as … Read more

Luna founder Do Kwon faces passport freeze after crypto collapse

South Korean authorities demand the arrest of Terraform Labs co-founder and chief executive officer Do Kwon. His company is behind the now collapsed cryptocurrencies terraUSD and luna. South Korean prosecutors are now trying to freeze bitcoin pegged to Kwon. Woohae Cho | Bloomberg | Getty Images South Korean authorities on Thursday began canceling the passport … Read more

Suspicion of gross sabotage, says Sweden

Climate scientists described the shocking images of gas spewing to the surface of the Baltic Sea as a “reckless release” of greenhouse gases that, if intentional, is “an environmental crime”. Anadolu Agency | Anadolu Agency | Getty Images Sweden’s National Security Service said on Thursday that a crime scene investigation into the gas leaks from … Read more

US delivers angry rebuke over massive OPEC+ production cut

Energy analysts believe the deep production cuts could backfire for the OPEC queen and US ally Saudi Arabia. Mandel Ngan | Afp | Getty Images The White House angrily pushed back at OPEC+ after the oil-producing group announced its biggest supply cut since 2020, lashing out at what President Joe Biden’s administration described as a … Read more

SpaceX Crew-5 NASA mission launches, carrying astronauts to ISS

SpaceX launched four people from Florida to the International Space Station on Wednesday, as Elon Musk’s company maintains a steady pace of manned missions. NASA’s mission, known as Crew-5, will take the group to the ISS for a six-month stay in orbit. The mission is SpaceX’s fifth operational crew launch for NASA to date, and … Read more