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Elon Musk must be fired as Tesla chief say some shareholders ahead of crucial meeting

As Tesla’s problems pile up, some shareholders suggest ousting Elon Musk as company’s CEO. On Tuesday, major investors are meeting to challenge Musk’s grip on the electric carmaker. Read more One of the greatest opponents to Musk is CtW Investment Group, a company that works with pension funds sponsored by unions. According to CtW, which has criticized Musk for years, ...

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Arctic to tropics: India welcomes first-ever shipment of Russian liquefied natural gas

Russia’s energy giant Gazprom has started supplying liquefied natural gas (LNG) to India. The first cargo docked on Monday at the Petronet LNG terminal in India’s westernmost state Gujarat. India’s Oil Minister Dharmendra Pradhan said his country will import LNG from Russia worth an estimated $ 25 billion over the contract period of 20 years. Supplies will come from Gazprom’s ...

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US about to slap disobedient European firms with sanctions over Russian gas project

The White House is on the verge of introducing penalties against companies engaged in the construction of the Nord Stream 2 gas pipeline, which will deliver Russian natural gas to the EU across the Baltic Sea. The US government is planning to sanction European corporations that joined the pipeline project, which is led by Russian state-owned energy giant Gazprom, three ...

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Not Ukraine’s property: Russia's plan to revive huge Soviet-era aircraft irks Kiev

Russia wants to resume production of one of the world’s heaviest cargo airplanes – the Antonov An-124. The jet, designed in the 1980s, is now part of Ukraine’s Antonov group, but Russia claims it has the rights to it. The question of renewed production is still being discussed, but the Russian military says the aircraft is not Ukrainian intellectual property. ...

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A glypho by any other name: Bayer to bury Monsanto brand after takeover

Germany’s pharmaceuticals and chemicals group Bayer will wrap up the $ 63 billion takeover of US agrochemical giant Monsanto on Thursday, ditching the seed maker’s 117 year-old name. The deal will create the world’s largest maker of seeds and pesticides, with combined sales worth about €20 billion (over $ 23 billion). Read more “Bayer will remain the company name. Monsanto ...

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Rothschild to help sanctioned Russian billionaire Deripaska to sell stake in company

Russian energy and metals conglomerate EN+ has hired investment bank Rothschild to sell owner Oleg Deripaska’s stake in the firm in a bid to have US sanctions lifted. The step comes as the energy-to-aluminum group tries to meet an August 5 deadline to seek a reprieve from the US Treasury. En+ is aiming to reduce Deripaska’s stake from 66 percent ...

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Russian city names street after fighter pilot killed in anti-terrorism operation in Syria

Authorities in the Russian Far East city of Vladivostok have named a street after Major Roman Filipov – the air force pilot who was killed while fighting Islamic State terrorists in Syria’s Idlib province in February. The press service of the Vladivostok city administration reported on Monday that one of the new city streets will bear the name of Air ...

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World saw ‘worst year ever’ for data breaches & cyberattacks in 2017 — report

Ransomware attacks and cyber business interruptions in 2017 were worse than ever, with claims for losses surpassing the previous four years combined, research by insurance group AIG has found. According to its report, over a quarter of cyber claims (26 percent) received in 2017 had ransomware as the primary cause of loss – a significant leap from 16 percent of ...

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The oil giant that outsmarted Trudeau

In a desperate bid to keep its last remaining proposed oil pipeline alive, Canada has decided to buy Kinder Morgan’s Trans Mountain Pipeline system for an estimated C$ 4.5 billion ($ 3.5 billion). Canada will pay Kinder Morgan for the money that the company has already spent on the expansion project as well as for the existing Trans Mountain pipeline, ...

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Russia to double gold extraction becoming world's second biggest producer

Major Russian gold mining companies are planning to almost double production. The increase could make Russia the world’s second largest producer of the precious metal. The country is currently third in the global rating of gold miners after Australia and China. However, that could change in less than a decade, according to Mikhail Leskov, deputy CEO at the Moscow-based Institute ...

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