Tesla’s China Expansion: Musk’s Visit to Beijing and New Security Rules
Elon Musk’s Tesla Cars Get Green Light in China
Elon Musk, the CEO of Tesla and owner of a social media platform, attended the Viva Technology conference in Paris, France, on June 16, 2023.
Gonzalo Fuentes | Reuters
Chinese Authorities Lift Restrictions on Tesla Cars
Local Chinese authorities have lifted restrictions on Tesla cars after the company’s China-made vehicles met the country’s data security standards, Tesla announced on Sunday.
This development coincided with Elon Musk’s unexpected meeting with Chinese Premier Li Qiang during the city’s first major auto show in four years.
New Data Security Requirements for Connected Vehicles
In November, new data security requirements for “connected vehicles” were introduced, covering cars released in 2022 and 2023. Automakers voluntarily submitted thei
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Tesla’s China Expansion: Musk’s Visit to Beijing and New Security Rules
Russian drones set fire to hotel in Mykolaiv, Black Sea
kyiv, Ukraine (AP) — Russian drones struck the Ukrainian Black Sea city of Mykolaiv early Sunday, setting a hotel on fire and damaging energy infrastructure, according to the local Ukrainian governor, as a lack of ammunition continued to hamper Kiev’s troops in a war that has already been underway for more than two years.
Russian drones “severely damaged” a hotel in the capital of the region of the same name, said Vitaliy Kim, governor of the southern province. The attack also damaged heating infrastructure in the city, he said without giving further details. There were no victims, according to the governor.
Russia’s state agency RIA reported claims that the attack on Mykolaiv targeted a shipyard where naval drones are assembled, as well as a hotel housing “English-speaking mercenaries” who have fought for kyiv. The Ria report cited Sergei Lebedev, described as a coordinator of local pro-Moscow guerrillas. It was not possible to independently verify his claim.
Also
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https://www.worldysnews.com/russian-drones-set-fire-to-hotel-in-mykolaiv-black-sea/
Daniel Obajtek and the man from Hezbollah. More than PLN 1.5 billion disappeared from Orlen
#Daniel #Obajtek #man #Hezbollah #PLN #billion #disappeared #Orlen
- Onet found that the Orlen authorities received warnings regarding cooperation with Samer A. long before the establishment of OTS
- The report of the internal unit responsible for securing Orlen’s most important interests was ignored
- A letter on this matter addressed to the most important people in the state and representatives of the secret services also had no effect
- “I had and still have confidence in my colleagues,” Daniel Obajtek assured in a statement sent to Onet
- More information can be found on the Onet home page
Orlen Trader Switzerland (OTS) is a daughter company of Orlen established in August 2022 in the Swiss tax haven of Zug. In theory, Orlen created it to trade petroleum products from global suppliers.
Polish public opinion learned more about it in March, when Prime Minister Donald Tusk mentioned it as an example of the pathology of PiS rule. – There is such a company, OTS, founded by Orlen, despite warnings addressed to members of Mateusz Morawiecki’s government. As for the nature of the company’s activities and staff, no effective intervention was decided, the head of government said at the time, adding: – There are justified fears that due to the activities of this company, Poland will be exposed to very serious problems.
No oil, no money. How Orlen lost PLN 1.6 billion
What kind of problems Tusk had in mind came to light only a month later.
Marcin Obara/ Tomasz Gzell/ PAP Donald Tusk and Daniel Obajtek
How? It paid advances for deliveries of oil from Venezuela, which never reached Poland. The deliveries were supposed to arrive in December 2023 and January 2024. However, to date, Orlen has not received either the oil or the refund of advance payments. The lion’s share of the money went to an intermediary from Dubai, who turned out to be a 25-year-old Chinese. The problem is that the contractors have disappeared into the fog and there is no way to get their money back.
As Onet found out, the company’s authorities were warned many times during the term of office of Daniel Obajtek that OTS could be a source of many problems for Orlen. Even before the company was established, Orlen’s security services predicted that it was one big scam. “It cannot be ruled out that the project is aimed at withdrawing funds from PKN Orlen, and therefore there is a high risk of embezzlement” – such a secret note in our possession was sent to the most important people in the state during the PiS government.
Obajtek and his political patrons did not lift a finger.
Big money and no control
Let’s go back in time. It is May 17, 2022 – three months before the launch of Orlen Trading Switzerland. Orlen’s investment committee is debating the creation of OTS. This meeting produces a report summarizing the most important assumptions of the project along with the threats.
The report later comes under the microscope of the Control and Security Bureau (BKiB) – a special unit established to ensure the protection of the company’s most important interests. In practice, Orlen’s BKiB empl
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Daniel Obajtek and the man from Hezbollah. More than PLN 1.5 billion disappeared from Orlen
LIVESTOCK SHOW – A boost to promising sectors
| Attendance is always there at each edition of Fepa. |
The second day of the Livestock and Animal Production Fair (Fepa) saw considerable attendance. The main objective was to highlight promising sectors in the livestock sector.
This is an advantageous opportunity for small and medium-sized businesses as well as producer associations. Various booming sectors are attracting keen interest from individuals and budding entrepreneurs.
The second day of the Livestock and Animal Production Fair recorded a large turnout at various stands, highlighting “trendy” sectors of activity in the livestock sector. This is precisely the objective of this fair, which is in its 16th edition.
Fepa org
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“Now let’s focus on the operation,” says Renato Franklin, after Casas Bahia extended R$4.1 billion in debt
A Casas Bahia has concluded a major deal to reprofile its bank debt and will protect R$1.5 billion of its liquidity this year. The unprecedented pre-approved out-of-court recovery model renegotiates the retail chain’s total financial debt of R$4.1 billion.
As a result, the average amortization period went from 22 months to 72 months. In trading, the average cost of the CDI +2.7% was reduced by 1.5 percentage points, reaching the CDI +1.2%. The savings resulting from this reprofiling amount to R$400 million over the period.
The solution becomes definitive for the problem of Casas Bahia’s annual disbursements. In February this yearCasas Bahia announced a renegotiation of R$ 1.5 billion of debt maturing in 2024 and 2025, and obtained, at that time and in a palliative manner, an extra breath to carry out its restructuring plan.
From now on the plan is definitive and the next payment of just over R$ 250 million will take place only in 2026. And since the negotiation concerned the extension and not the reduction of the debt, the financial leverage remains the same, a 0.9 turns.
“Every year we had a wall of about R$1 billion. It was cramped and took attention away from the operational part. The concern was the upcoming deadline. Now let’s focus on the operation,” he says. Renato FranklinCEO of Casas Bahia, a NeoFeed.
The debt reprofiling operation is limited only to series 6, 7, 8 and 9 of bonds and bank credit notes (CCBs) of Brade
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KYEC Electronics Strengthens with Opening Sale of Chinese Subsidiary
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KYEC Electronics (2449) opened strongly today (29th). volume more than 31,000 yuan.
KYEC is selling a Chinese subsidiary. File photo: Central News Agency.
KYEC Electronics announced last Friday (April 26) that it has decided to sell 92.1619% of its subsidiary Jinglong Technology in Suzhou, China The expected transaction amount is RMB 4.885 billion, which is about NT $ 21.715 billion third quarter of this year After to the transaction is completed, the KYEC share will be zero. The profit from the disposal will be 3.827 billion yuan, the earnings per share will increase by about 3.13 yuan, and the net value per share will increase by about 3.23 yuan.
The company noted that, considering the environment in which Jinglong Technology Company operates, and weighing up the company’s future operational development and strategic growth planning and the more effective long-term use of financial resources, the board of directors decided to withdraw back from China’s semiconductor manufacturing business at the moment.
In addition, the board of directors decided to allocate approxima
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KYEC Electronics Strengthens with Opening Sale of Chinese Subsidiary
The Rise of Kevin Lehmann: The Youngest Billionaire in the World
At just 18 years old, Kevin Lehmann has made a name for himself as one of the youngest billionaires in the world. He inherited 50% of a substantial fortune from his father, who transferred a significant stake in Germany’s leading pharmacy chain, DM (drogerie markt), to him. This chain generates over $14 billion in annual revenue and has grown significantly since its founding in 1973 by Goetz Werner.
With around 3,700 locations in Germany and operations in 12 other countries, DM has become a po
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The Rise of Kevin Lehmann: The Youngest Billionaire in the World
Eurozone GDP and the interest rate cut roadmap
– 2024-04-29 04:49:15
On Tuesday, European investors await the publication of the GDP path of the eurozone for the first quarter of 2024. “GDP data is one of the most important data, because of the impact it has on the European Central Bank’s road map for interest rates“, market players emphasize in Nautemporiki.
A consensus of experts compiled by Bloomberg expects eurozone GDP growth of 0.2% in the first quarter of the year.
On the same day, a consumer price index for the euro zone will be announced, with experts expecting inflation to rebound to 3.4% in April, from 3.2% since March.
What will happen to interest rates?
For the European Central Bank, the question of when it will start cutting interest rates seems to have been answered: It will announce a rate cut at its June meeting, after inflation has fallen significantly in recent weeks and months.
ECB President Christine Lagarde and her colleagues have already made it relatively clear that they are ready to move interest rates, but this time in the opposite direction.
The majority of ECB Governing Council members agree on this, but several disagree on what should be done next: How many more interest rate hikes will follow during the year is still highly controversial, also because inflation has not yet fully tamed. “The last mile to the 2% target is likely to be the most difficult and difficult,” market players emphasize in “N”.
Fabio Panetta, Italy’s central banker and ECB board member, warns that “unnecessary delays could bring us uncomfortably close to the real floor at a later date if stagnation takes hold and inflation expectations fall below target ».
A member of
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Eurozone GDP and the interest rate cut roadmap – 2024-04-29 04:49:15
Yen Plummets to 34-Year Low against Dollar, Raises Speculation of Japanese Intervention
The Yen Falls to Record Low Against the Dollar, Fueling Speculation of Japanese Intervention
The yen plummeted to an unprecedented 34-year low against the dollar, breaching the pivotal ¥160 level. The sharp decline has bolstered expectations that the Japanese authorities may step in to intervene in the market later this week.
Bank of Japan’s Unchanged Rates Spark Bearish Bets
On Friday, the Bank of Japan decided to maintain
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Yen Plummets to 34-Year Low against Dollar, Raises Speculation of Japanese Intervention
China and Hong Kong Stocks Surge: Property Shares Lead the Way
2024-04-29 04:34:20
Stocks in China and Hong Kong rose on Monday, led by property shares, as some major cities eased restrictions on home purchases over the weekend and market expectations for further easing rose.
Chinese property developers traded in China and Hong Kong up 6.9% and 4.3% respectively as of midday Monday. Meanwhile, China’s industrial profits fell in March from the first two months and slowed the recovery for the quarter, official data showed on Saturday, raising doubts about the strength of the recovery in the world’s second-largest economy.
** At noon, the Shanghai Composite Index was up 0.8%
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China and Hong Kong Stocks Surge: Property Shares Lead the Way