Katie Haun Raises $1.5 Billion For Venture Capital Fund

March 23, 2022
On Tuesday, Haun Ventures, founded by former federal prosecutor turned crypto investor Katie Haun, announced a $500 million early-stage fund. The firm also announced an additional $1 billion for more mature startups which will focus on Web3.  Haun Ventures’ launch comes at a challenging time for the crypto industry. Following an all-time high for Bitcoin […]
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China Is Producing New Billionaires Faster Than Any Other Country

March 22, 2022
Axios’ report states that China now has a total of 1,133 billionaires, a figure which is growing approximately three times faster than the US’ billionaire population. Presently, the US had 716 billionaires. The three cities with the largest billionaire populations are now all in China, with Shenzhen recently bumping New York City from third place. […]
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Warren Buffett’s Berkshire Hathaway Shakes On $11.6 Billion Surprise Deal

March 21, 2022
On Monday, Berkshire Hathaway announced it had agreed to purchase insurance company Alleghany for $11.6 billion in cash. The company said the deal, expected to close in the fourth quarter of this year, represents “a multiple of 1.26 times Alleghany’s book value at December 31, 2021” in addition to a 16% premium to Alleghany’s average […]
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P&O Sacks Entire UK Workforce Over Zoom

March 18, 2022
Top brass of the shipping giant P&O has reportedly made over 800 UK staff redundant over a 13-minute Zoom call, prompting outrage from unions.
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Musk’s Tesla Will Pay Conscripted Ukrainian Employees

March 10, 2022
According to CNBC, Tesla wrote in an email to its European employees: “For any Tesla employee who is a Ukrainian national and has been asked to return to Ukraine for active duty as a reservist, we will maintain their employment and salary for 3 months, with a view to assessing after this period as needed.” […]
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1996 Ferrari F50 Could Fetch Up To $4 Million At Auction

March 9, 2022
The 1996 Ferrari F50 is one of four Ferrari supercars of the same collection going up for auction at the Artcurial Paris Rétromobile sale later this month.  This F50 was delivered on 24 June 1996 by Charles Pozzi to a client in Monaco and has covered only 1318km. It is said to be in “faultless […]
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Companies With Female Leaders Outperform Those Dominated By Men, Research Shows

March 8, 2022
The shadow secretary for women and equalities, Anneliese Dodds, said the research demonstrates that women are key to a stronger economy. She also accused the government of ignoring the needs of women throughout the covid-19 pandemic.  “When you’ve got more engagement from women, when women are in the driving seat to the extent they should […]
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Leading Luxury Brands Close Boutiques In Russia

March 7, 2022
Hermes and Cartier were the first brands to announce such moves, shortly followed by Chanel, Kering, and LVMH.  Via a LinkedIn post, French fashion house Chanel said, "Given our increasing concerns about the current situation, the growing uncertainty and the complexity to operate, Chanel decided to temporarily pause its business in Russia.” Meanwhile, luxury goods […]
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Twitter To Reopen Offices — But They May Remain Empty

March 4, 2022
Twitter’s offices will begin to reopen from 15 March, CEO Parag Agrawal announced in a tweet. However, he also said that employees will never be forced to return to Twitter’s newly opened offices after the company promised in October 2020 that it would allow remote working permanently.   “Wherever you feel most productive and creative is […]
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Elon Musk’s Tesla Makes Supercharging EVs Free For Fleeing Ukrainians

March 3, 2022
In an email to Ukrainian Tesla owners published by Electreck, Musk’s EV company announced that it would drop the fee for its supercharging stations in countries directly surrounding Ukraine. Both Tesla and non-Tesla EVs can be charged without cost in Poland, Slovakia, and Hungary.  “We hope that this helps give you the peace of mind […]
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Russian Billionaires Are Moving Luxury Superyachts As The US Looks To Freeze Assets

March 2, 2022
As sanctions against Russia increase following its unprovoked attack on Ukraine, the nation’s billionaires with ties to President Vladimir Putin are moving their luxury superyachts to avoid having them seized.  As reported by CNBC, data from Marine Traffic shows that at least four luxury superyachts owned by Russia’s wealthy are currently being relocated to safer […]
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Russia-Ukraine Conflict: Shell CEO Joins BP In Exiting Russian Gas Ventures

March 1, 2022
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 […]
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