Monthly Archives: July 2022

More and more companies are spreading their data over public clouds

Multicloud usage is apparently here to stay, according to research from Virtana which found that over three-quarters (78%) of organizations have deployed workloads in more than three public clouds. The growth of multicloud is only set to continue, with over half (51%) of organizations expect to deploy more public cloud instances by the end of 2022,…

‘One shot one kill’ NLAW missiles may have killed hundreds of Russian tanks in Ukraine

British soldiers fire a Next Generation Light Anti-Tank Weapon during training in Poland, March 7, 2018. US Army/Spc. Andrew McNeil Western-developed Next Generation Light Anti-tank Weapons have had an impact in Ukraine. Ukrainian troops have effectively used the “one shot one kill” against Russian armored vehicles. Ukrainian forces have attributed about 30% to 40% of…

Brazil says it is close to a deal to buy cheap Russian fuel as the Ukraine war sends energy prices spiraling worldwide

Brazilian President Jair Bolsonaro and Russian President Vladimir Putin. Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP Brazil’s president said his country is close to a deal with Russia to buy diesel at low cost. Energy prices have risen since Russia invaded Ukraine, and the US and EU have blocked Russian imports. But some countries,…

Many Republicans secretly tell Liz Cheney they support her but won’t say it in public for fear of Trump, a new book says

McCarthy and Republican Rep. Liz Cheney of Wyoming at a press conference touting their lawsuit against Pelosi over proxy voting on May 27, 2020. Drew Angerer/Getty Images Republicans privately offer support to Liz Cheney, a new book says.  But few do so in public for fear of President Donald Trump, it said. Cheney is one…

Some French companies, including one of the world’s largest tire manufacturers, are converting their gas boilers to run on oil in case Russia cuts off their supply

A compressor gas station of the Yamal–Europe gas pipeline in Wloclawek, Poland. Omar Marques/Getty Images Some French companies are converting their gas boilers to run on oil amid Russian gas supply fears. French tire manufacturer Michelin says its boilers can now run on oil, as well as gas. A French minister said on Sunday that…

Oil slides more than 3% after Russia’s total cut in natural gas supplies to Europe raises fears of recession

Demand and supply-side constraints are weighing down on the price of oil. Anton Petrus Oil dropped on Monday as concern built over the chances for recession in Europe after Russia cut natural gas flows.  WTI crude tumbled 2.37% to trade at $102.55 a barrel, reversing its gains last month.  Pressure on oil markets is also…

We’ve got nearly 50 pitch decks that helped fintechs disrupting trading, investing, and banking raise millions in funding

Check out these pitch decks for examples of fintech founders sold their vision. Yulia Reznikov/Getty Images Insider has been tracking the next wave of hot new startups that are blending finance and tech.  Check out these pitch decks to see how fintech founders sold their vision. See more stories on Insider’s business page. Fintech funding…

Charlie Munger personally backed an investor seeking to build the Berkshire Hathaway of Australia — even though he rarely trusts anyone except Warren Buffett to manage his money

Charlie Munger. Lane Hickenbottom/Reuters Charlie Munger made an extremely rare decision to invest with a fund manager in Australia. He championed Charles Jennings, who has modeled his Stonehouse fund on Berkshire Hathaway. Munger praised Jennings’ focus on business fundamentals, rational mind, and high ethical standards. Charlie Munger, one half of an iconic investing duo, almost…