Warren Buffett blames his leaders for the collapse of American banks, Rostec withdrew from AvtoVAZ shareholders, and the president of AVM Media became an indirect co-owner of O2O Holding. These and other news of the day are in the traditional RB summary.

Rostec withdrew from the capital of Avtovaz, Buffett on the problems of American banks, a new shareholder of O2O Holding – the main thing May 7

World

  • Warren Buffett believes that leaders and their decisions are to blame for the collapse of failing American banks. In particular, the Berkshire Hathaway founder criticized the “giant unsecured mortgages” at fixed rates issued by First Republic Bank.

  • Italy will need at least another two years to completely abandon Russian gas, says Eni chief executive Claudio Descalzi.

Russia

  • United Aircraft Corporation (part of Rostec) will fulfill the import substitution plan in civil aviation by the end of 2024, said UAC CEO Yuri Slyusar.

Business

  • “Rostec” withdrew from the shareholders of “Avtovaz”. 100% of the company is now owned by FSUE NAMI, under the Ministry of Industry and Commerce.

  • Vice President of the Russian Television Academy and President of AVM Media (Good evening, children! Malakhov) Alexander Mitroshenkov became one of the indirect owners of O2O Holding (car sharing services Citydrive, Kitchen in the District and Samokat).

  • In the first quarter of 2023, Audi increased electric vehicle deliveries by 43% year-on-year to 34.6 thousand vehicles.

Photo: Unsplash

Author:

Ahmed Sadulayev

Source: RB

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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.

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