Tag Archives: billion

2022 – EDF sues French government for £7 billion after being forced to sell energy at a loss | EDF energy

French nuclear power company EDF has sued its government for €8.3 billion (£7 billion) after it was forced to sell power to consumers at a loss. The company, which is being nationalized by the French state, filed a lawsuit in January over the extension of the country’s price cap. Emmanuel Macron’s government forced the EDF to sell more electricity to ...

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2022 – Tesla and Indonesia agree a $5 billion nickel supply deal

CNBC Indonesia Reports indicate that Tesla and the Indonesian government have reached an agreement to supply $5 billion of nickel to Tesla over the next five years. Obviously, the deal means that Tesla will no longer rely primarily on iron phosphate batteries in its vehicles in the future. Since Google Translate does not work well with Indonesian, we will count ...

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2022 – Public services need an additional £44 billion to deal with inflation by 2025, says IFS | Public Finance

The government needs to spend an additional £44 billion on public services over the next three years to keep pace with rising inflation and avoid sharp cuts, according to an analysis by the Institute for Fiscal Studies. In a review of rising public sector costs, the International Financial Services Corporation said that without additional funding, government budgets would be swamped ...

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2022 – North Korea launders $1 billion worth of cryptocurrency via Tornado Cash – and the US Treasury has just imposed sanctions on the platform

Download here North Korean leader Kim Jong Un. Photograph: Reuters The US Treasury has approved Tornado Cash, a cryptocurrency platform used by criminals to hide the source of funds. Starting Monday, any US company or person will be banned from using Tornado Cash. According to TRM Labs, North Korean cybercriminals laundered $1 billion worth of cryptocurrency through this platform. The ...

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2022 – Veolia sells waste UK Suez to Macquarie for €2.4 billion | Services sector

French energy company Veolia has agreed to sell UK waste company Suez to Australian private equity group Macquarie for €2.4 billion (£2 billion) to address competition concerns. Veolia, which last year signed a €13 billion deal to buy out its smaller French rival after a bitter acquisition battle, has sold parts of Suez in several international markets to address antitrust ...

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US Senate passes $739 billion health and climate bill – VIDEO | US news

Senate Democrats passed the climate and health spending package on Sunday, sent legislation to the House of Representatives, and moved one step closer to a significant legislative victory ahead of crucial midterm elections in November. “To the millions of young Americans who have spent years marching and demonstrating and demanding that Congress take action on climate change, this bill is ...

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2022 – The Senate passes a $739 billion health and climate bill after months of controversy | U.S. congress

Senate Democrats passed the climate and health spending package on Sunday, sent legislation to the House of Representatives, and moved one step closer to a significant legislative victory ahead of crucial midterm elections in November. If a law, known officially as the Reducing Inflation Act, was signed, $369 billion would be allocated to reducing greenhouse gas emissions and investing in ...

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