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SpaceX's plan to launch an additional 22,488 Starlink satellites faces opposition from the Ukrainian Congress Committee of America, citing concerns over Elon Musk's ties to Russia and the environmental impact of launches in Texas. The group has filed a petition with the FCC, questioning Musk's potential conflicts of interest due to his new role in the incoming Trump administration and the use of Starlink by Russian forces. Environmental advocates also highlight the risk to endangered species from SpaceX's operations, while Musk's dismissive responses to these concerns have drawn criticism.
President Vladimir Putin has lifted the requirement for payments for Russian natural gas to be made through Gazprombank, allowing European buyers to use other banks. This move alleviates concerns over US sanctions potentially disrupting gas supplies to Europe, leading to a 2.3% drop in European benchmark prices.
For over two years, many Russian businesses remained largely unaffected by the war in Ukraine, buoyed by increased defense spending and subsidized loans. However, as sanctions limited access to foreign markets and inflation rose, the impact of the conflict is now being felt more acutely. The MOEX index, after an initial decline, has shown signs of steady recovery.
Carlsberg A/S shares rose by up to 3.9% following a decree from Russian President Vladimir Putin that ended government control over the brewer's Russian operations. The Kremlin's decision to exclude Baltika Breweries from temporary management has restored ownership to Carlsberg, although the company's shares are still down over 10% year-to-date.
Russian President Vladimir Putin has approved a military-focused budget for the years 2025-2027. This decision was made public through a document published on the official legal acts website. The budget reflects a continued emphasis on military spending in the coming years.
North Korean leader Kim Jong Un's reliance on Russia for economic support may backfire if Donald Trump successfully ends Vladimir Putin's war in Ukraine, a study from a South Korean think tank suggests. As Moscow strengthens ties with Pyongyang through military and economic exchanges, North Korea has provided troops and ammunition to support Russia, while receiving financial aid and military enhancements in return.
French bond markets are experiencing a significant sell-off, with yields surpassing those of Greece for the first time amid rising budget concerns. Meanwhile, Russia has issued threats of a hypersonic missile attack on Kyiv, and Ireland is preparing for elections. In Hong Kong, plans for a crypto tax break aimed at hedge funds and wealthy families are underway.
Russia's economy is facing severe challenges as the ruble plummets, hitting its lowest level since March 2022, amid ongoing sanctions and a war-focused domestic economy. The central bank has halted foreign currency purchases to stabilize the market, but inflation continues to soar, exacerbating economic instability. Despite some growth driven by oil and gas exports, the situation is deteriorating, with experts warning of a potential currency crisis.
Călin Georgescu, a far-right independent candidate, is gaining traction in Romania's presidential race by appealing to rural voters with a focus on agrarian policies and traditional values. His manifesto promotes organic farming and local production, positioning him against the EU's agricultural strategies amid widespread discontent among farmers. Despite his ultranationalist views and controversial praise for historical fascists, Georgescu's radical ecologism resonates with a populace frustrated by economic challenges and foreign competition.
Raiffeisenbank continues to operate in Russia, serving 3.3 million customers, despite its long-standing desire to withdraw. The bank is under scrutiny as a new law allows financially troubled Russians to enlist in the military in exchange for debt forgiveness, a move supported by the Kremlin. While Raiffeisenbank has previously complied with similar military-related financial requirements, it has refrained from commenting on this latest development.
Vladimir Putin
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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