Elon Musk’s capital increased by $37 billion amid news of cooperation between Tesla and Baidu, the European Commission does not rule out blocking TikTok in the EU and L’Occitane plans to become a private company. These and other events of the day are in the RB summary.
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World
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The head of the European Commission does not rule out blocking TikTok in the European Union.
Russia
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The Central Bank recorded a 70% increase in the number of Internet projects with signs of financial pyramids, including social networks and instant messaging. In the first quarter of 2024, 728 such organizations were identified (TASS).
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In the Russian tourism industry, according to ATOR, staff shortages have worsened. In 2024, the employee shortage increased by 20%.
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By 2030, the tourist flow to Moscow could exceed 35% of the total number of tourists in Russia, Sergei Sobyanin said.
Business
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Elon Musk’s fortune, according to Bloomberg, increased by $37.3 billion in five days amid the growth of Tesla shares due to possible cooperation with the Chinese company Baidu. For the American billionaire, it is the largest increase in wealth in two years.
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L’Occitane plans to buy back its own shares on the Hong Kong Stock Exchange and become a private company. The value of the transaction could be 1.78 billion dollars.
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The director of the British bank HSBC, Noel Quinn, announced his decision to leave his position after “five intense years” to “find a balance between his personal and work life.”
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In addition, HSBC plans to close the agreement to sell its Russian business in the second quarter of 2024 (Interfax).
Transport
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The net profit of the Mercedes-Benz Group fell by 25% in the first quarter of 2024. Sales of passenger cars decreased by 8% year-on-year.
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BMW is investing $2.8 billion to modernize its Shenyang plant. China is home to the group’s largest production base in the world.
Photo: Unsplash
Author:
Akhmed Sadulayev
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
