Monthly Archives: September 2022

Kobo’s new waterproof Clara 2E e-reader could take on Kindle

Creating a new tech product made from recycled materials won’t solve the overwhelming plastic pollution crisis (and definitely won’t solve the e-waste issue) but it’s sure a step in the right direction. Toronto, Canada-based digital bookseller Kobo is launching a new waterproof e-reader, the Kobo Clara 2E, which could give Amazon’s Kindle e-readers a run…

More than 180,000 Los Angeles County residents applied to take part in its $1,000-monthly universal basic income scheme

More than 95,000 people signed up to the UBI scheme on the first day enrollment opened, the country said. Barry Winiker/Getty Images Los Angeles County has launched a universal basic income pilot program. The scheme will give $1,000 a month to 1,000 residents for three years. 180,000 residents applied to take part, including over 95,000…

Russia is weighing a plan to buy $70 billion in China’s yuan and other ‘friendly’ currencies to weaken the ruble: report

Russia plans to buy up to $70 billion in Chinese yuan and other ‘friendly’ currencies, Bloomberg reported Thursday. Reuters/Kim Kyung Hoon Russia is considering a plan to buy up to $70 billion in ‘friendly’ foreign currency, Bloomberg reported. Buying China’s yuan and other currencies could slow the ruble’s sharp rise, central bankers hope.  Moscow is…

Warren Buffett’s Berkshire Hathaway has cashed in about $230 million of BYD stock. Charlie Munger and Li Lu’s sales foreshadowed the move.

Warren Buffett (left) and Charlie Munger. Eric Francis/Getty Images Warren Buffett’s Berkshire Hathaway recently sold nearly 3% of its BYD stock for about $230 million. Charlie Munger and Li Lu, who spurred Berkshire’s bet on the Chinese EV maker, sold shares before. Munger and Li’s disposals over the past year or so make Berkshire’s sales…

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For Putin and Russia, the mercenaries of the Wagner Group could be a recipe for disaster

Yevgeny Prigozhin, left, with then-Prime Minister Vladimir Putin, tour a factory outside St. Petersburg on September 20, 2010. AP Vladimir Putin has leaned on Russian private military contractor Wagner Group to advance his geopolitical interests. Tthere are two historical trends in the use of mercenaries provide insight to Wagner Group’s potential role in Russia’s future….

The EU’s expected intervention in the energy crisis sends Europe’s benchmark power price down 50% in 3 days after hitting record high

The Supreme Court’s ruling limiting the ability of the Environmental Protection Agency to regulate power-plant emissions will make it harder — and more expensive — for the US to meet its climate goals. helt2/Getty Images German year-ahead electricity futures are down 54% from Monday’s high, Bloomberg data shows.  European policymakers are considering ways to combat…