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Russian gas block comes close to impacting Mercedes-Benz

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The Russian government has blocked exports of Russian gas to some EU countries, forcing Mercedes-Benz into a slight panic

Mercedes-Benz is working around the clock to come up with a back-up plan if Russia cuts gas deliveries to Germany.

The car maker is looking at energy alternatives should Germany be next to face gas cuts.

The Kremlin’s recent block on gas supplies to Poland and Bulgaria didn’t impact the car-maker’s operations but executives say it is a close call.

Mercedes says that an abrupt stop to gas deliveries from Russia would impact production with natural gas still used in particular for heating and paint shops at its factories.

The Kremlin is continuing to retaliate against nations that impose sanctions on Russia amid its invasion of Ukraine.

The Russian government says it won’t hesitate to block critical supplies of gas to other countries within Europe, if they continue to criticise Russia.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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