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Twitter Takes Elon Musk on Board After Purchase of Stake
Social media company Twitter has made a place for Tesla CEO Elon Musk on the board. The company announced this a day after it became clear that Musk had taken a 9.2 percent stake in Twitter.
This makes Musk the largest shareholder…
US Unemployment to Lowest Level in Almost Two Years
The unemployment rate in the United States fell to 3.6 percent in March, its lowest level in nearly two years.
According to the US government, 431,000 jobs were added in the world's largest economy last month, fueled by strong…
US to Release Million Barrels of Oil a Day from Reserves
The United States will release one million barrels of oil per day from its oil reserves over six months. That's more than ever. The administration of US President Joe Biden hopes this will bring oil prices down. They have risen sharply…
BioNTech Makes More Than 10 Billion Profit with Corona Vaccines
The German biotechnology company BioNTech made more than 10 billion euros profit last year from selling vaccines against the coronavirus. Vaccination campaigns against the lung virus only got underway in 2021, making the net result almost…
Record Profit for Huawei in 2021, Despite US Sanctions
Chinese telecom giant Huawei has recorded a record profit in 2021, despite US sanctions against the company. Profits were 76 percent higher than the year before. It is the company's best performance ever.
For the whole of 2021,…
Opec+ Does Not Accelerate Oil Production Increase
The Saudi-Russian-dominated oil alliance Opec+ is sticking to its tentative production increases, despite record oil prices from the war in Ukraine.
In April, the 23 countries will increase the volume of oil pumped by 400,000…
Wall Street Bounces Back After Unrest Over Ukraine
The stock markets in New York recovered somewhat on Wednesday after the heavy loss the day before. Investors put aside worries about the tense situation around Ukraine. Also, the markets seem unimpressed by the sanctions that the West has…
Americans Celebrate President’s Day, Wall Street Closed
U.S. stock markets will be closed on Monday to celebrate President's Day. This holiday was originally intended to celebrate the birthday of the first President George Washington on February 22 but has since become a day to honour all…
SpaceX Wants to Conduct First Commercial Spacewalk
Space company SpaceX wants to conduct the first commercial spacewalk. A crew member on a new mission must leave the spacecraft and do odd jobs around the Earth.
Elon Musk's company has had new spacesuits made for this. The…
US Long-Term Interest Rates Above 2 Percent for the First Time in More Than 2 Years
The US 10-year yield climbed above the 2 percent mark on Thursday. It has been since August 2019 that that limit was reached.
Ten-year yields rose above 2 percent just before 5 p.m., according to financial news agency Bloomberg.…