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Business

Elon Musk Set to Become the World’s First Trillionaire

Tesla and SpaceX CEO Elon Musk is set to become the world's first trillionaire, a Morgan Stanley analyst wrote on Tuesday. While Musk has shot to the top spot in the world in private wealth largely due to his electric...

Greek Restaurants Pay Steep 30% Commission to Food Delivery Apps

The commission fees paid by Greek restaurateurs to electronic delivery platforms are among the steepest in Europe. It's a well kept secret in the Greek restaurant business, and it severely impacts their income. By offering more than 30% of their profits...

First Bitcoin ETF Has Officially Started Trading

The first Bictoin-linked exchange traded fund officially went live on Tuesday. The ProShares Bitcoin Strategy ETF started trading at $40 a share when it opened on Tuesday, and was up 5% by the time the market closed. The ProShares fund...

Who is Kimbal Musk? Inside Elon’s Brother Who is Under Fire at Tesla

The Institutional Shareholder Services advised Tesla's shareholders earlier this month to vote against Elon Musk's younger brother Kimbal Musk's re-election to the companies board. The younger musk and James Murdoch were both up for re-election on October 7th. The Institutional...

Facebook Announces 10,000 New EU Jobs for “Metaverse” Platform

Facebook is planning to hire 10,000 people in the EU to develop a so-called "metaverse," it announced on Monday. This is an online world where people can game, work and communicate in a virtual environment, often using VR headsets. Facebook...

Elon Musk’s Starlink Internet Service Set for October Launch in Greece

Elon Musk's Starlink internet service's official launch in Greece will take place before the end of the month. The Joint Ministerial Decision (JMD) for the licensing of satellite internet systems is now on its way to publication in the...

Elon Musk is Worth as Much as Bill Gates and Warren Buffet Combined

Elon Musk reached a new height of wealth on Friday after his net worth hit $230 billion, the amount of Bill Gates and Warren Buffet's fortunes combined. The 50-year-old is now not only the richest person on Earth but his...

Bitcoin Could Bring Another Financial Crisis, Bank of England Warns

A senior deputy at the Bank of England cautioned on Wednesday that the cryptocurrency Bitcoin could lead to another financial crisis. Deputy governor Sir Jon Cunliffe said that governments must begin to instill stricter regulations on crypto, comparing the volatility...

Pfizer’s Investment in Thessaloniki a “Historic Moment” for Greece

Prime Minister Kyriakos Mitsotakis opened two brand-new Pfizer facilities in Thessaloniki on Tuesday. They are the pharmaceutical company's Global Center for Digital Innovation (CDI) and its Global Center for Business Operations and Services. Pfizer’s investment will contribute €650 million to the...

Elon Musk Throws Gigantic Party for New Tesla Factory in Berlin

Thousands of people gathered outside Berlin on Saturday to hear Elon Musk announce that by December thousands of new "Model Y" cars will be in production at the new Tesla factory there. “We’re aiming to start production in a few...

136 Countries Make Deal for Minimum Global Corporate Tax

Over 130 countries have come together to establish a new global corporate tax agreement. The deal, which was announced on Friday, requires a 15% minimum corporate tax rate for the multinational companies with the largest revenues. The plan is designed...

Greek Software Giant Intrasoft Sold to Denmark’s Netcompany

The leading Greek software company Intrasoft International has reached agreement on Friday with the Danish firm Netcompany to sell its entire outstanding share capital in a €235 million ($271 million) deal. Intrasoft International, established in 1996, was a subsidiary of...

Elon Musk Tweet Sends Shiba Inu Coin Up 30%

Elon Musk's latest tweets have rocked the crypto market yet again. The 50-year-old CEO of Tesla shot the Shiba Inu coin up by 30% after posting pictures of his dog, Loki. Loki is the same breed of dog as the...

Facebook Whistleblower Charges Firm Aware it Spreads Hate

Facebook whistleblower Frances Haugen, the former employee of the firm who released a bombshell on Sunday when she spoke freely to "60 Minutes" about the media behemoth's policies, charged in Congressional testimony on Tuesday that it "is operating in...

Elon Musk Posts New Photo of His Puppy and Dogecoin Surges Again

A cute photograph of Elon Musk's new Shiba Inu puppy, Floki, posted on Twitter on Monday spurred a host of Dogecoin spinoff cryptocurrency coins to rise in value. Dogecoin, which first utilized the Shiba Inu dog as its logo in...