The world's richest
Ultra-rich park physical gold in Singapore – seen as safe
Among the super-rich, there is an increasing tendency to move their gold investments to the “Geneva of Asia” Singapore, CNBC reports. Global unrest and turbulence are driving the development, and more and more people are investing in putting physical gold in bank vaults.
Not far from the airport in Singapore is the building “The Reserve”, which has thousands of safe deposit boxes and is home to gold and silver investments worth $1.5 billion.
– The idea of storing physical metals in a safe jurisdiction like Singapore, with actors they can trust, is becoming a clear trend, says The Reserve founder Gregor Gregersen to CNBC.
Swedish weapons exports
Wallenberg company wants to produce gunpowder in Sweden
The investment company FAM, controlled by the Wallenberg family, has started the company Verkan to investigate the possibility of producing gunpowder in Sweden. This is confirmed by CEO Håkan Buskhe for Dagens industri.
“We are looking at the possibility of building gunpowder production for the Swedish defense and Sweden's allies,” he writes in a text message to the newspaper.
The initiative is driven by the increased demand for ammunition in the wake of the war in Ukraine. According to the company description, the business will include the production of nitrocellulose and various types of gunpowder. Production is planned to take place in Sweden.
Ultra-rich park physical gold in Singapore – seen as safe
Among the super-rich, there is an increasing tendency to move their gold investments to the “Geneva of Asia” Singapore, CNBC reports. Global unrest and turbulence are driving the development, and more and more people are investing in putting physical gold in bank vaults.
Not far from the airport in Singapore is the building “The Reserve”, which has thousands of safe deposit boxes and is home to gold and silver investments worth $1.5 billion.
– The idea of storing physical metals in a safe jurisdiction like Singapore, with actors they can trust, is becoming a clear trend, says The Reserve founder Gregor Gregersen to CNBC.
Swedish weapons exports
Wallenberg company wants to produce gunpowder in Sweden
The investment company FAM, controlled by the Wallenberg family, has started the company Verkan to investigate the possibility of producing gunpowder in Sweden. This is confirmed by CEO Håkan Buskhe for Dagens industri.
“We are looking at the possibility of building gunpowder production for the Swedish defense and Sweden's allies,” he writes in a text message to the newspaper.
The initiative is driven by the increased demand for ammunition in the wake of the war in Ukraine. According to the company description, the business will include the production of nitrocellulose and various types of gunpowder. Production is planned to take place in Sweden.
Tesla's future
Tesla rises after Musk's promise of "super focus"
Tesla shares are strengthening by nearly 7 percent on a cheerful Wall Street. Over the weekend, CEO Elon Musk wrote that he will return to working 24/7.
"I have to be super focused on X/X AI and Tesla (plus the Starship launch next week), as critical technology will be rolled out," he says in his post on X.
CNBC notes that the stock is performing strongly despite Tuesday's April figures showing that Tesla's sales have plummeted 52.6 percent year-on-year in Europe.
Tesla rises after Musk's promise of "super focus"
Tesla shares are strengthening by nearly 7 percent on a cheerful Wall Street. Over the weekend, CEO Elon Musk wrote that he will return to working 24/7.
"I have to be super focused on X/X AI and Tesla (plus the Starship launch next week), as critical technology will be rolled out," he says in his post on X.
CNBC notes that the stock is performing strongly despite Tuesday's April figures showing that Tesla's sales have plummeted 52.6 percent year-on-year in Europe.
IT threats to society
"The problem is not Swish, it's mobile bank ID"
Swish and mobile bank ID have recently suffered extensive disruptions as a result of overload attacks. The Riksbank has called for increased competition for Swish - but that's not where the shoe fits, according to Klarna's Sebastian Siemiatkowski.
"The big problem is not Swish, it's mobile bank ID. That's where we have to use something else. Very frustrated with how it works and we will actively break away to break the lack of competition," writes on X.
The services have become a central part of Swedish society and are used by millions of people every day. But the high level of dependence and lack of alternatives means a vulnerability. Since May 2024, Swish has had 152 operational disruptions at certain banks, according to an investigation by SVT.
"The problem is not Swish, it's mobile bank ID"
Swish and mobile bank ID have recently suffered extensive disruptions as a result of overload attacks. The Riksbank has called for increased competition for Swish - but that's not where the shoe fits, according to Klarna's Sebastian Siemiatkowski.
"The big problem is not Swish, it's mobile bank ID. That's where we have to use something else. Very frustrated with how it works and we will actively break away to break the lack of competition," writes on X.
The services have become a central part of Swedish society and are used by millions of people every day. But the high level of dependence and lack of alternatives means a vulnerability. Since May 2024, Swish has had 152 operational disruptions at certain banks, according to an investigation by SVT.
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