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Logistics Innovation Technologies Corp. Confirms Redemption of Shares at Approximately $10.26 per Share Before Taking Into Account Taxes and Dissolution Expenses
Logistics Innovation Technologies Corp. Announces Redemption of Shares
"Doctor Doom" Roubini warns of economic overheating: the consequence is total stagflation, economic and market collapse.
Nouriel Roubini, an economics professor at New York University and known as the "Doctor of Doomsday", issued a new warning that the end result of overheated economic growth could be full-blown stagflation, with the economy and markets at risk of collapse. "given the current high debt ratios, supply-side risks and ultra-loose monetary and fiscal policies, the optimistic outlook currently reflected in financial markets is likely to become a pipe dream," the chief economist at Atlas Capital wrote in an article. "in the medium term, various persistent negative supply shocks are likely to moderate the current situation," Roubini said.
Musk's last luxury house can't be sold and the world's richest man won't be able to fulfill his “homeless dream”
Tesla CEO Elon Musk has been slow to find a buyer for the last remaining property and has recently been forced to remove this Bay Area mansion from the market for the second time. Due to the recent rise in Tesla's stock price, Musk has once again surpassed Bezos to become the richest person in the world. Although Tesla's stock price plummeted nearly 3.9% on Monday and Musk's net worth fell by 7.2 billion US dollars to 1980 billion US dollars, it still surpassed Bezos' 194.2 billion US dollars. In May of last year, Musk tweeted that he was rethinking his “attachment to the physical world” and would “sell almost all of his tangible assets.” By June of this year, Musk
Lithium production giant SQM says global lithium demand is accelerating due to green transformation
Global demand for lithium is accelerating faster than previously expected, according to the world's second-largest lithium producer. San Diego-based SQM said on Thursday that lithium prices rose more than expected as demand for electric vehicles surged more than 150 per cent in the first half from a year earlier. With the shift to clean energy and transport gaining momentum, SQM predicts that global lithium demand could grow by more than 40 per cent this year, translating into sales of more than 95000 tonnes, up from its forecast of more than 85000 tonnes three months ago. Tight global markets should help the average price of SQM rise further in the second half of the year. The company said
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