China pokes government chief after stock market turmoil
China pokes the head of the country's financial market inspection after the recent sharp fall in the stock market. This is reported by the Xinhua news agency, according to Bloomberg.
Yi Huiman is replaced by banking veteran Wu Qing.
In recent weeks, Beijing has taken several measures to try to restore stability to the financial markets, including banning certain types of short selling. Yesterday, Bloomberg reported that market concerns have made it all the way up to President Xi Jinping's agenda.
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Tesla's future
Tesla sold only one car in South Korea during January
Tesla only managed to sell a single electric car in South Korea during January after headwinds from several quarters, reports Bloomberg.
Total electric car sales in the country plummeted by 80 percent, compared to the month before. According to the news agency, it can partly be explained by higher interest rates and inflation. But concerns about battery fires and lack of chargers had also had an inhibiting effect.
Industry expert Lee Hang-Koo says that Tesla's popularity in South Korea has also declined since it emerged that part of the production takes place in China, raising questions about quality.
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The Russian invasion. The outside world's response
The gaming giant wants to leave Russia after the criticism
Embracer wants to wind down its criticized operations in Russia. This is evident from an application to the Chamber of Commerce, according to P4 Värmland.
The Swedish gaming giant owns four companies in the country. In total, these are reported to have a turnover of several hundred million kroner.
The radio reports that Embracer has applied for an exemption from the sanctions against Russia in order to wind down the operations without violating the export ban. In the application, the company asks for quick processing.
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