Elon Musk Is Richest Man Again, The State Bank Of India Had Raised $1 Billion From Global Banks
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Elon Musk's name is no stranger to anyone. Mainly his person is associated with the company ev Tesla, and recently even with Twitter. From today, he is again associated with the title of the richest man.
In this article:
- Europe's telecommunications infrastructure
- The funds
- Tax Day is coming soon
- The richest man
Europe's telecommunications infrastructure
Last week, the EU launched consultations to strengthen Europe's telecommunications infrastructure. It included a survey asking whether to set up a digital fund at EU or national level, or to require direct contributions from internet giants to telecommunications operators.
Telecom groups are pushing European regulators to put in place a framework whereby companies carrying traffic on their networks are charged a fee. They say this - known as 'sender pays' - would help finance a massive upgrade to their infrastructure.
Their logic is that some platforms, such as Amazon Prime and Netflix, process gigantic amounts of data and therefore should pay part of the bill for adding new capacity to cope with the increased load.
Big Tech vs. Big Telco: Top EU official says there's no 'battle' over network funding https://t.co/qLdmDsMXw5
— CNBC (@CNBC) February 28, 2023
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The funds
The State Bank of India said on Tuesday it had raised $1 billion through syndicated peer-to-peer lending from global banks for further lending to certain types of social impact businesses in India.
The funds will be used for further loans to microfinance institutions and self-help groups. And the loan can increase the bank's pressure to adopt ESG practices
State Bank of India raises $1 billion via syndicated social loan for further lending https://t.co/TVcwGc5omC pic.twitter.com/ov5LEKWSal
— Reuters Business (@ReutersBiz) February 28, 2023
Tax Day is coming soon
Taxes aren't always something that just happens to you. In fact, you have much more control over the size of your commitment in any given year than you may realize.
The new year has already started, but it's not too late to influence your tax situation in 2022.
When it comes to taxes, it's always best to double-check your calculations and assumptions. If you have questions, talk to a tax advisor. Mistakes can quickly negate the potential benefits of tax-saving moves.
Taxes are a nightmare for everyone. Proper preparation can be beneficial and will save you a lot of the stress that usually comes with it.
Tax Day is coming soon. But it's not too late to manage your tax liability. Here are some moves to consider between now and April 18, the IRS filing deadline this year. https://t.co/BWtvHEUgv0
— Charles Schwab Corp (@CharlesSchwab) February 27, 2023
The richest man
Elon Musk can make a lot of noise around his person. He wasn't the richest man for a while, but that changed.
Since the beginning of the year, Tesla's share price on the New York Stock Exchange has increased by 100%. Elon Musk's company boasts record-high profits, and the billionaire himself has again become the richest man in the world.
ELON MUSK RETAKES SPOT AS WORLD'S RICHEST PERSON
— *Walter Bloomberg (@DeItaone) February 27, 2023
