Jeff Bezos Once Again The World’s Richest Person After Rollercoaster Week

THE CHANGING FORTUNES OF THE WORLD’S RICHEST Amazon chief Jeff Bezos ended a bumper car week against Tesla founder Elon Musk by once again becoming the world’s richest person, with an estimated net worth of $181.5 billion (despite his fortune falling $1.4 billion on Friday). The two men traded places nearly every day this past week for the […]

1-Ninety New Cairo Egypt all you need to know and project timeline

1-Ninety New Cairo by Landmark Sabbour is a mix-use development presenting an unparalleled experience for business owners looking for a prime business location that can thrive their ventures as a result and a residential luxury haven. The project is located in southern 90th Street in an excellent location for investment in the heart of New Cairo, […]

Elon Musk’s Underground Loop Tunnel in Vegas Approved

The City Council of Las Vegas made a unanimous vote to grant Elon Musk’s Boring Company a special use permit that allows the company to extend its Underground Vegas Loop tunnel transportation system into the city. The 4.6-mile anticlockwise circuit will run north under Las Vegas Boulevard to the downtown resort corridor and then south […]

So Many People Are Using Signal It Caused An Outage

TOPLINE Signal, an encrypted messaging app, has seen a massive influx in new downloads this week as users, looking for more privacy, flee WhatsApp and other social networks, so much so that the app said it caused technical difficulties Friday. KEY FACTS Buckling under the increased traffic, messages on Signal Friday morning have been slow […]

US declares Xiaomi a “Communist Chinese military company,” bans investments

Xiaomi won’t suffer the suffocating supply chain bans of Huawei—at least, not yet. The latest shot in the US Government’s war on leading Chinese smartphone vendors is directed at Xiaomi, which today has landed on the US government’s list of “Communist Chinese Military Companies” via a new executive order. The declaration makes it illegal for US citizens […]

Facebook will pay more than $300 each to 1.6M Illinois users in settlement

It’s a far cry from the maximum $35B Facebook might have owed, but not nothing. Millions of Facebook users in Illinois will be receiving about $340 each as Facebook settles a case alleging it broke state law when it collected facial recognition data on users without their consent. The judge hearing the case in federal […]

South Africa Sees Vaccine Deal Terms Finalized Within a Month

South Africa’s health department expects to finalize accords to buy millions of additional coronavirus vaccines within about a month and has agreed on an expedited payment process with the National Treasury to avoid delays in delivery. President Cyril Ramaphosa said this week that his administration had secured 20 million vaccine doses this year, without giving […]

Halliburton switches to grid electricity for Permian frac jobs

HOUSTON (Bloomberg) –Halliburton Co. is swapping diesel-powered engines for grid-supplied electricity in the Permian Basin, the latest example of how the U.S. shale industry is looking for ways to reduce emissions amid heightened scrutiny from investors. The world’s biggest fracking services provider has deployed the industry’s first grid-powered fracking operation on behalf of Cimarex Energy […]

UAE warns U.S. shale producers against flooding market with oil

Bloomberg) –Any attempt by U.S. shale and other oil producers to boost output this year will backfire and lead to lower prices, according to the energy minister of the United Arab Emirates. Oil prices have surged in the past two months with the development of coronavirus vaccines. They jumped again last week when Saudi Arabia […]

Beny Steinmetz: Mining tycoon in Swiss trial over Guinea deal

A billionaire French-Israeli diamond magnate, Beny Steinmetz, has appeared in court in Switzerland to face trial over alleged corruption linked to a major mining deal in Guinea. He has always denied his company, BSGR, paid multi-million dollar bribes to obtain iron ore mining exploration permits in southern Guinea in 2008. He travelled to Geneva from […]