Rising Power Prices in Europe Are Making EV Ownership More Expensive

Rising Power Prices in Europe Are Making EV Ownership More Expensive

BERLIN—Rocketing electricity prices are increasing the cost of driving electric vehicles in Europe, in some cases making them more expensive to run than gas-powered models—a change that could threaten the continent’s electric transition.   Electricity prices have soared in the wake of Russia’s invasion of Ukraine, in some cases eliminating the cost advantage at the pump … Read more

Food-Delivery Apps Press to Amend New York City Fee Caps

Food-Delivery Apps Press to Amend New York City Fee Caps

Delivery companies Grubhub and DoorDash Inc. DASH 2.33% are pushing for enactment of a bill in New York City that would amend the city’s cap on the fees they can charge restaurants—a measure the companies say is urgent as a new minimum wage for delivery workers takes effect next year. Grubhub retained a former state … Read more

OPEC+ Keeps Oil Curbs Despite Russia Price Cap

OPEC+ Keeps Oil Curbs Despite Russia Price Cap

OPEC+ said Sunday it would keep output steady ahead of a momentous week in global energy markets, as wealthy nations impose a price cap on Moscow’s petroleum exports, the European Union launches a ban on Russian oil and Chinese leader Xi Jinping visits Saudi Arabia. The decision on Sunday allows the Organization of the Petroleum … Read more

Crypto Entrepreneurs Fail to Capture Elon Musk’s Attention With $600,000 Goat Statue

Crypto Entrepreneurs Fail to Capture Elon Musk’s Attention With $600,000 Goat Statue

AUSTIN, Texas—Even as a cold night started to settle outside Tesla ‘s headquarters here on Saturday, a group of cryptocurrency entrepreneurs had no plans to leave until Elon Musk, the man they named their currency after, accepted a 12,000-pound sculpture of a Mr. Musk-headed goat riding a rocket. It is the latest stunt in the … Read more

Saudi Arabia Eyes OPEC+ Output Increase Ahead of Restrictions on Russian Oil

Saudi Arabia Eyes OPEC+ Output Increase Ahead of Restrictions on Russian Oil

Saudi Arabia and other OPEC oil producers are discussing an output increase, the group’s delegates said, a move that could help heal a rift with the Biden administration and keep energy flowing amid new attempts to blunt Russia’s oil industry over the Ukraine war. A production increase of up to 500,000 barrels a day is … Read more

U.S., Allies Set Parameters for Price Cap on Russian Oil

U.S., Allies Set Parameters for Price Cap on Russian Oil

WASHINGTON—The U.S. and its allies have agreed on which sales of Russian oil will be subject to a price cap, racing to flesh out the details of the major new sanctions program before it begins on Dec. 5. Each load of seaborne Russian oil will only be subject to the price cap through its first … Read more

Elon Musk Says Twitter Has Had Massive Revenue Drop as Layoffs Begin

Elon Musk Says Twitter Has Had Massive Revenue Drop as Layoffs Begin

Twitter Inc. has suffered “a massive drop in revenue” because of advertisers cutting back on using the social-media platform, new owner Elon Musk said Friday, as the company started sweeping layoffs just over a week after the billionaire took it over. Mr. Musk, in a tweet Friday, blamed the cutback in advertising on “activist groups … Read more

Eurozone Inflation Rate Rises to 10.7% as Recession Looms

Eurozone Inflation Rate Rises to 10.7% as Recession Looms

The annual rate of consumer-price inflation in the eurozone increased to double digits in October, reaching a record and highlighting the challenges facing the European Central Bank after it signaled a coming slowdown in the pace of its rate increases. The broad measure of consumer prices has risen sharply since Russia’s invasion of Ukraine and … Read more

New York has the most expensive rents in the U.S. This city is No. 2…

New York has the most expensive rents in the U.S. This city is No. 2…

Rents in Boston are soaring past housing costs in famously pricey California cities like San Francisco and San Jose, making it the country’s second most expensive city for tenants, according to a new report from Zumper. The only more expensive city is New York, where median rent prices for a one-bedroom hover just below $3,900, Zumper … Read more

‘Deepfakes’ of Celebrities Have Begun Appearing in Ads, With or Without Their Permission

‘Deepfakes’ of Celebrities Have Begun Appearing in Ads, With or Without Their Permission

Celebrity deepfakes are coming to advertising. Among the recent entries: Last year, Russian telecommunications company MegaFon released a commercial in which a simulacrum of Hollywood legend Bruce Willis helps defuse a bomb. And last month a promotional video for machine-learning firm Paperspace Co. showed talking semblances of the actors Tom Cruise and Leonardo DiCaprio. None … Read more