Author: psdk

Rich and voiceless, Russia’s billionaires reached record numbers during the war against Ukraine. Their wealth grew, but their political influence all but disappeared. Over 25 years, Vladimir Putin stripped the rich of independent power. Once-feared oligarchs now avoid public opposition. This reality benefits the Kremlin. Western sanctions failed to spark elite resistance. Pressure and privilege instead ensured loyalty. The Kremlin enforces control through rewards and threats. Loyalty brings access, protection, and profit. Defiance triggers swift punishment. Former banking billionaire Oleg Tinkov experienced this firsthand. One day after calling the war “crazy” online, officials contacted his executives. They issued a blunt…

Ruben Amorim usually demands control, possession, and attacking ambition from Manchester United. Against Newcastle, he opted for pragmatism over flair. United claimed a 1-0 Premier League win through discipline and resilience. The performance lacked style but delivered vital points at Old Trafford. A long-held tactic finally changed Amorim rarely compromises on his tactical approach. Earlier this season, he joked nobody could force him to alter his system. After 13 months in charge, he finally relented. For the first time under his management, United started with a back four. The move prioritised defensive stability over attacking dominance. From kickoff, structure replaced…

India’s rapid solar expansion earns global praise. Yet behind the progress, a serious environmental problem is emerging. In just over a decade, India became the world’s third-largest solar power producer. Renewable energy now drives national climate strategy. Solar panels stretch across massive parks and rooftop systems in cities, towns, and villages. Large utility-scale projects supply most solar electricity. Millions of rooftop systems also feed power into the grid. Government data show nearly 2.4 million households adopted solar under subsidy programmes. Solar growth reduced dependence on coal-fired power. Thermal and other non-renewables still supply over half of installed capacity. Solar now…

BP has finalized a six billion dollar deal. The company sells a majority stake in its Castrol motor oil division. US investment firm Stonepeak acquires the holding. The buyer operates from New York. BP transfers 65 percent of Castrol. The brand produces lubricants for cars, motorcycles, and industrial vehicles. The deal values Castrol at 10.1 billion dollars. BP receives six billion dollars in cash. Management plans to reduce debt and strengthen focus on core operations. BP retains a 35 percent stake in Castrol. The group first gained control of the brand in 2000. Executives described the sale as a strategic…

The US economy gained momentum in the three months to September as consumer spending rose and exports rebounded. Economic output expanded at an annual rate of 4.3%, well above expectations. Growth increased from 3.8% in the previous quarter, marking its fastest pace in two years. The report followed delays caused by a federal government shutdown. It highlighted an economy shaped by shifting trade policies, immigration changes, persistent inflation, and reduced public spending. These factors triggered sharp swings in trade activity. Despite that volatility, overall momentum remained strong and exceeded many forecasts. Economic resilience surprises analysts Aditya Bhave, senior economist at…

Amazon has blocked more than 1,800 job applications linked to suspected North Korean operatives. Amazon chief security officer Stephen Schmidt revealed the operation publicly. He shared the details in a LinkedIn post. The applicants targeted remote IT roles across the company. They used stolen or fake identities to bypass hiring safeguards. Remote Work Exploited to Finance North Korea Schmidt said the applicants followed a deliberate and organized strategy. They sought employment, collected salaries, and funneled wages to North Korea. The funds supported weapons development and other state programs. Schmidt warned the activity likely affects the broader technology sector. He said…

Jim Beam will pause production at its main Kentucky distillery for the entire next year. The company confirmed the shutdown will last through 2026. Executives said the move follows a review of demand and production capacity. Management said it regularly adjusts output to meet consumer demand. Leaders recently met staff to discuss projected production volumes for 2026. That review led to the decision to halt production. Closure creates opportunity for upgrades The distillery will remain closed while the company carries out significant site improvements. Executives said the pause allows upgrades without disrupting other operations. Management described the decision as a…

Pension income increasingly shapes life after work as Europe’s population ages and public finances tighten. Retirement outcomes differ sharply between countries, influencing financial security and quality of life. Some retirees live comfortably, while others face ongoing hardship. Pensions remain the main income source for older Europeans. Public transfers, mainly state pensions and benefits, provide about two thirds of senior income across the EU. This reliance links retirement wellbeing closely to government policy. Even with this support, seniors earn less than the wider population. Across 28 European countries, people over 65 receive about 86% of average income. This gap continues to…

Anthony Joshua stopped boxing novice Jake Paul in the sixth round in Miami. The bout ranked among the most uneven contests in modern boxing. Paul spent much of the fight retreating and avoiding exchanges. He relied on movement and caution instead of sustained offense. Joshua grew increasingly frustrated as Paul refused to engage. The former two-time world champion took full control in the fifth round. Joshua closed the ring and forced action. He dropped Paul twice under relentless pressure. The sequence exposed the wide gap in skill, size, and experience. Paul fell again early in the sixth round. Joshua landed…

ByteDance has signed binding agreements with American and international investors to keep TikTok operating in the United States. Chief executive Shou Zi Chew confirmed the deal in a memo to employees on Thursday. The agreement reshapes U.S. ownership and removes the immediate threat of a ban. Investors Take Leading Role The deal forms a joint venture giving outside investors 50% control of TikTok’s U.S. operations. Oracle, Silver Lake, and Emirati firm MGX lead the investor group. Shou Zi Chew outlined the structure in an internal memo. The transaction is scheduled to close on 22 January. Executives said the arrangement ensures…