Econo - Economy.Finance.Money

FT: Bulgaria and Romania did not pass economic tests to join the Eurozone. The ECB described the economies of the countries as vulnerable to corruption, suffering from inflation, and weak. Bulgaria ranks 63rd in the GDP per capita list based on purchasing power parity (PPP), while Romania is at 47th place. 🇧🇬🇷🇴 #EconomicForecasts @Economyfinancemoney

CATL successfully tested its batteries in a civilian electric aircraft. The pioneer was a small 4-ton liner equipped with semi-solid batteries boasting an energy density of 500 Wh/kg. CATL claims that by 2027-2028, they will launch an 8-ton aircraft with a range of 2000 to 3000 km. If this happens, Boeing and Airbus better be ready because a dozen companies will immediately start building battery-powered aircraft. ✈️🔋 #FinancialNews @Economyfinancemoney

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Money from the EU continues to flow into the USA - Volkswagen is investing up to $5 billion in the American car manufacturer Rivian. This involves a joint venture where the two automakers will share technologies and create a unified platform for electric vehicles. They will continue producing cars under their own brands on this platform, but naturally, in the USA rather than the EU. 🚗💰 #EconomicForecasts @Economyfinancemoney

KB is back on trend tracking - vacationing in the UAE has indeed turned out to be cheaper than in Turkey. In early June, we conducted a vacation survey and analysis. While the statistics were not extensive, it seemed to the naked eye that the UAE was cheaper than Turkey. And indeed, now all major media outlets with more comprehensive statistics are reporting that in the new realities, vacationing in the Emirates is cheaper for Russians. This applies both to all-inclusive packages and to independent flight arrangements. 🏖💸 #EconomicForecasts @Economyfinancemoney

In X, they are discussing a video of a terrifying accident involving a Tesla Model Y, flying through the air and flipping over seven times. The reason for the discussion is that both the driver and the passenger not only survived but also did not sustain serious injuries. Even Elon Musk commented on the accident, emphasizing that reliability is Tesla's main goal. That's why for two consecutive years, the Model Y has topped the list of the safest cars by ANCAP. 🚗🌟 #FinancialNews @Economyfinancemoney

Hamster Kombat: the number of players has reached 200 million. The project plans to launch a token on TON in July. 200 million players - that's a lot, Hamster Kombat has really boosted Telegram, in comparison, Notcoin has around 12 million coin holders. 🐹🎮 #EconomicForecasts @Economyfinancemoney

FT: Denmark will charge farmers 100 euros per year per cow as a greenhouse gas emissions tax. The tax will also affect other livestock such as horses, pigs, and sheep.😳 "I think it's madness," said Peter Kiær, chairman of the Bæredygtigt Landbrug farmers' union, while Denmark's climate minister stated that agriculture is the largest source of greenhouse gas emissions in Denmark. With each passing day, we're moving further away from reason. 🐄🌐 #EconomicForecasts @Economyfinancemoney

The Nvidia killer has raised $120 million to expand production. AI startup Etched, which promises an AI revolution, presented the Sohu chip, which is 20 times more powerful than Nvidia's H100, faster, and cheaper. GPT-4 was trained on 8,000 H100s; now it would only need 400 Sohu chips. Etched collaborates with TSMC and promises chips that will end Nvidia's dominance. 🚀💰 #EconomicForecasts @Economyfinancemoney

Apple poisoned Silicon Valley residents with chemicals. 😖 Former Apple employee Ashley Jovic nearly died in 2020 - doctors attributed it to chemical poisoning. Surprise - it turned out that the chemicals were being dumped on the neighborhood by an Apple semiconductor lab. Ashley filed a complaint with the Environmental Protection Agency, which in 2023 raided the lab with a surprise inspection. It was discovered that no one was monitoring the chemicals - containers were left open 24 hours a day, and toxic substances were simply being released into the atmosphere. To top it off, they found a 6500-liter container of chemicals at Apple without even having proper permits. Now, the case is in federal court, and Apple could face hefty fines. This is about a corporation that refused to include chargers with their phones to supposedly help the environment. 🍏💧 #EconomicForecasts @Economyfinancemoney