Monthly Archives: July 2022

Germany is ‘on the cusp of a recession’ due to Russia’s natural-gas squeeze and energy inflation

German Chancellor Olaf Scholz’s administration is dealing with an unprecedented energy crisis. Abdulhamid Hosbas/Anadolu Agency via Getty Images German business confidence has fallen to its lowest level since June 2020 amid the pandemic. Market sentiment is hit by slowing natural-gas flows from Russia and energy inflation. Russia said it’s cutting natural-gas flows to Europe again…

Elon Musk says he plans to be ‘heads down focused’ on doing ‘useful things for civilization’ amid the multiple scandals unraveling in his personal life

Yasin Ozturk/Getty Images Elon Musk plans to focus on doing “useful things” for humanity amid his personal scandals.Musk tweeted on Monday that the attention he’s been receiving has “gone supernova.”The Wall Street Journal reported on Sunday that Musk had an affair with a Google co-founder’s wife. Elon Musk says he plans to focus on doing “useful…

China’s Jaka Robotics fueled by Saudi Arabia’s Prosperity7 in global push

Jaka Robotics, a Chinese startup that makes collaborative robots, has just pulled in a hefty Series D funding round of over $150 million from a lineup of heavyweight investors to help it expand globally. The round is led by Singapore’s sovereign wealth fund Temasek, TrueLight Capital, Softbank Vision Fund II, and Prosperity7 Ventures, a growth…