European nations are exploring ways to utilize $300 billion of frozen Russian state assets following the suspension of U.S. military aid to Ukraine by President Trump. The Group of Seven (G7) has agreed to provide Ukraine with $50 billion through bilateral loans, funded by windfall profits from the frozen assets. Euroclear, where most of the assets are held, has already allocated 4 billion euros for a Ukraine fund, with additional payments expected in the coming years.
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‘India a hot market but…’: Tesla says 100% car tariffs make customers anxious
Tesla, led by Elon Musk, views India as a promising market but is hindered by a 100% import tariff on automobiles, causing customer anxiety regarding vehicle pricing. CFO Vaibhav Taneja noted the company is evaluating its entry timing, as Tesla has made steps like securing showroom locations and advertising job openings, while also importing a Model Y vehicle for shipping purposes. Despite discussions with Indian officials to reduce tariffs, local manufacturers oppose any reductions, complicating...
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