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Top 7 business titans stirring controversy

Elon Musk

Elon Musk, the leader of Tesla, SpaceX, and X (formerly Twitter), is arguably one of the most influential businessmen of the modern era. He is lauded for popularizing electric vehicles and revolutionizing the private space industry. However, as his influence grows, so does the criticism he faces. Musk has drawn fire for provocative political statements, flirtations with far-right ideologies, and high-impact public remarks that can sway markets and public sentiment. His management style is often described as harsh, marked by sweeping layoffs, intense pressure on staff, and an allegedly toxic work environment.

Mark Zuckerberg

Mark Zuckerberg, the founder of Meta, built one of the largest digital ecosystems in history. Although he is seen as a visionary who transformed communication, the scale of his projects has sparked major backlash. Zuckerberg has faced allegations of privacy violations, algorithmic manipulation, enabling disinformation, and abandoning ethical guardrails. Following the Cambridge Analytica scandal and Meta’s 2025 shutdown of its fact-checking system, internal protests flared up but were swiftly quashed, leaving the company’s direction unchanged.

Larry Page

Larry Page, the co-founder of Google and former CEO of Alphabet, is widely recognized as one of the architects of the digital age. Under his leadership, the company launched dozens of products that reshaped everyday life, from search to cloud computing. However, his leadership style raised eyebrows. Page was often described as reclusive and detached. He avoided direct communication and struggled to foster team cohesion. Employees cited his lack of empathy and engagement as factors that eroded morale within the organization.

Jeff Bezos

Amazon founder Jeff Bezos led the world’s largest online retailer for decades. Although he stepped down as CEO in 2021, his influence over the company and its corporate direction remains substantial. Bezos has long faced criticism over harsh working conditions in Amazon warehouses, anti-union tactics, and alleged monopolistic practices. In 2025, he returned to the spotlight following reports of meddling in the editorial direction of The Washington Post, which he owns. These revelations triggered a wave of resignations and public outcry.

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Indian rupee hits record low after Trump’s tariff threats

Difficult times have come for the Indian currency, which plunged to record lows after US President Donald Trump threatened India. As a result, the dollar surpassed 88 rupees for the first time ever, and this may not be the end.

The rupee fell sharply against the US dollar amid Trump’s threat to impose massive tariffs of no less than 100% on India over its continued purchases of Russian oil.

On August 5, the US currency peaked at 88.1 rupees, reaching an all-time high. At one point, the dollar gained 0.48% against the rupee, but then the situation stabilized. Later, the rate slipped slightly to 87.8 rupees, still marking a 0.16% increase compared to the previous session’s close.

The previous record low for the rupee was in early February 2024, when the dollar reached 87.997 rupees. Although the current drop is slightly worse, analysts note that the situation is not yet critical.

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7 most beautiful cars ever made

1. Cord 810/ 812

Cord 810 and later Cord 812 are American luxury cars that were produced by Cord Automobile in the 1930s. At that time, they were considered the most innovative in the market not only because of technical characteristics. The cars had a remarkable design: a hood resembling the coffin nose and horizontal cooling grille, and front headlights integrated into the wings. Nevertheless, demand was not as high as Cord had predicted. Many dealers abandoned the brand which eventually led to bankruptcy.

2. Ferrari F40

The Ferrari F40 debuted on the 40th anniversary of the Ferrari Corporation in 1987, hence the name F40. The F40 model had a very daring design and resembled a rocket. This feature cemented success in the market. To meet customer demand, Ferrari produced more than 1,300 copies instead of the planned 400 in 5 years. Sadly, not all cars have survived, but many have and their values have soared over time. So, in the summer of 2022, the F40 car was sold at auction for almost $4 million.

3. Ferrari 250 California SWB Spyder

Series production of this sports model started in 1960. The two-seat convertible had excellent technical characteristics and a stunning yet simple design. It was in great demand as it was a limited edition. Overall, the Italian manufacturer sold 38 copies of the coupe. The star of French cinema, Alain Delon, owned one of them for a long time. Hollywood Western star Clint Eastwood also had such a convertible. The main feature of the Ferrari 250 California SWB Spyder model is a hand-crafted body.

4. Oldsmobile Toronado

The 6-seater Toronado supercar is called one of the most successful inventions of the American automaker - Oldsmobile. This model was produced for more than 25 years. It was highly valued not only for its technical features but also for its eclectic design. The Toronado is a remarkable piece of engineering. It had an angular body and a sloping roof, which makes it so recognizable among car lovers. Another distinctive feature of this model is the massive rear pillars, smoothly turning into wings, a long hood, and closing headlights.

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White House shoots itself in foot by approving sanctions against Russia’s partners

The US economy is hurting itself by imposing sanctions on Russia’s partners. Most experts and market participants are convinced of this. The situation could worsen, as American sanctions targeting the Russian Federation’s trading partners are expected to accelerate consumer inflation in the United States. Another upheaval could break out again.

According to analysts, if Donald Trump’s administration imposes high tariffs on countries that purchase Russian oil, the US economy will face serious consequences. Under such a scenario, prices for both food and non-food products in the US would rise sharply.

Against this backdrop, American citizens are already warned of more expensive consumer goods, which will undergo significant price hikes due to a surge in oil prices. Clayton Siegle, Senior Fellow for Energy and Geopolitics at the Center for Strategic and International Studies, is confident of this. He believes that potential high tariffs will drive US inflation higher and raise business costs.

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Top 5 most expensive birds in the world

Racing pigeon

The racing pigeon is a breed specially developed for speed and long-distance competitions. Belgium is considered the center of breeding, where these birds are raised with special attention to pedigree, endurance, and navigational abilities. High sporting performance and proven lineage make such pigeons a subject of serious investment. In 2020, a Belgian hen named New Kim was sold at auction for a record $1.9 million. The buyer was a collector from China, where elite racing pigeons are in high demand and regarded as a status symbol.

Palm cockatoo

The palm cockatoo is one of the rarest and most expensive parrots in the world. With striking black plumage, bright red cheek patches, and a prominent crest, it attracts the attention of collectors. These birds have a unique behavior: males use sticks to “drum” on trees, a form of communication and mate attraction. Palm cockatoos inhabit northern Australia and New Guinea, but due to habitat destruction and low reproductive rates (one egg every two years), their population is declining. The cost of a single bird can reach $90,000.

Hyacinth macaw

The hyacinth macaw is the largest flying parrot in the world, distinguished by its deep blue plumage and gentle temperament. In the wild, it is found in Brazil, Bolivia, and Paraguay, but due to deforestation and poaching, it is considered a vulnerable species. Breeding in captivity is difficult, which adds to its value: the price of one bird can reach $40,000. These parrots live up to 50 years, bond closely with humans, and are known for their high intelligence, earning them the nickname “gentle giant.”

Toco toucan

The toco toucan is the largest member of the toucan family, famous for its bright orange-yellow beak, which accounts for up to a third of its body length. This beak not only helps in feeding but also acts as an efficient thermoregulator, allowing the bird to control body temperature. Toco toucans inhabit the forests of South America, including Brazil, Argentina, and Bolivia. In captivity, they live up to 25 years, but their care requires special attention and a specialized diet. Due to breeding difficulties and high demand, the price of a toco toucan can reach $25,000.

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Trump approves of J.D. Vance as next US president

It seems that Vice President J.D. Vance is incredibly lucky! Is he really? In the meantime, US President Donald Trump considers him his successor and the most likely heir to the “Make America Great Again” (MAGA) cause. What a huge responsibility!

Moreover, the White House leader mentioned Secretary of State Marco Rubio as a potential running mate for J.D. Vance in the 2028 election. However, preferences seem to lean toward the latter.

"I think, to be fair, he is most likely the vice president," Trump emphasized when asked whether J.D. Vance is the heir to the MAGA cause. "I also think Marco is someone who might possibly team up with J.D.," the president added.

At the same time, the American leader stated that it is too early to discuss what would happen in 2028, including the upcoming election.

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Top 5 unique jewelry pieces of all time

Crown of Russian Empire

The Crown of the Russian Empire is the main dynastic regalia and an attribute of the power of Russian monarchs. This is a unique piece of jewelry. It appeared for the first time at the solemn coronation of Catherine II. From then until the fall of the monarchy, the imperial crown witnessed the most auspicious state ceremonies. The fabulous crown is decorated with a rare gemstone – a bright red spinel of 398.72 carats. The frame of the crown is made of silver and the two hemispheres are studded with precious stones. In 1865, it was estimated at 823,000 rubles. However, it is practically impossible to determine its price today. Currently, the crown is on display in the Diamond Fund in the Moscow Kremlin.

St Edward's Crown

The symbol of the modern British monarchy was made in 1937. The exclusive jewelry was designed for Elizabeth Bowes-Lyon, the wife of King George VI. It was created on the occasion of the coronation. After the death of her husband, the queen mother handed over the crown to her daughter, Elizabeth II, who ascended the throne. Currently, the crown of Her Majesty Queen Elizabeth II is in London, in the Jewel House.

Marie-Louise Diadem

This diadem with emeralds and diamonds set in both silver and gold was commissioned by Napoleon for his second wife, Archduchess Marie Louise of Austria. Initially, it was adorned with emeralds but in the 50s of the 19th century, they were extracted for the manufacture of other jewelry. Later, the diadem was decorated with 79 turquoise stones brought from Persia. Currently, it is stored in the National Museum of Natural History in Washington.

Cartier Halo Tiara

On her wedding day, Kate Middleton wore Cartier's Halo Scroll Tiara. It was lent to her by Her Majesty Queen Elizabeth II. The diadem was made in 1936 when George VI commissioned Cartier to design the tiara for his wife Elizabeth Bowes-Lyon. Later, the Queen Mother gifted it to Elizabeth II but she never wore the Cartier Halo tiara publicly. However, Elizabeth II's younger sister, Princess Margaret, loved this tiara. The next borrower of the tiara was the queen’s daughter, Princess Anne. Yet, it was Kate Middleton who made it shine brigthly. She arrived at Westminster Abbey for her royal wedding in 2011 wearing this tiara. The tiara is made from platinum, featuring 888 brilliant-cut diamonds, along with 149 baguette-cut diamonds.

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Germany’s industrial output at lowest rates since pandemic

Germany’s economy has been hit by another wave of problems. Experts caution about tough times ahead. Germany’s industrial production fell sharply by 1.9% in June from the previous month, coming in 0.5% worse than expected. This decline, accompanied by a significant downward revision of May’s data, shows that the country’s industrial output has slumped to its lowest level since May 2020.

Industrial production was revised down to a 0.1% downtick for May. The Destatis statistical office attributed this substantial revision to “corrections in data provided by certain companies in the country’s automotive industry.”

The new economic reports contradict earlier signs that Germany’s industrial production was recovering in 2025. Interestingly, the German economy faced a sharp downturn in 2024, and the downtrend has continued through this year. As a result, industrial output shrank by 1% quarter-on-quarter in the second quarter of 2025. Experts estimate that the country’s industrial sector alone shaved almost 0.3% off GDP.

Germany’s total GDP fell by 0.1% during the reporting period, although analysts believe this figure may be downgraded. The country’s pharmaceutical sector showed signs of being affected by US tariffs, with output plunging 11% compared to June.

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World’s most expensive buildings

Masjid al-Haram (Saudi Arabia)

Currently, the most expensive building is Masjid al-Haram, the largest mosque in the world. It is located in the holy city of Mecca, the main pilgrimage destination for Muslims from all over the world. The Great Mosque of Mecca occupies an area of 1.5 million square meters and can accommodate almost 2 million people inside its walls. However, this was not always the case: in 2015, King Salman ibn Abdul-Aziz al-Saud decided to significantly expand the mosque, which was originally built in 638. The media reported that about $62 billion was allocated by the Saudi monarch for the project.

Abraj Al Bait (Saudi Arabia)

The second most expensive building in the world is the Abraj Al Bait, a skyscraper complex that is also located in Mecca. It consists of 7 towers, the largest of which is the 120-story Makkah Clock Royal Tower. The complex contains hotels that can house more than 100,000 pilgrims, as well as restaurants and a shopping mall. Its construction began in 2004 and lasted for more than 8 years. According to CNN, Saudi Arabia spent $15 billion on the project.

Marina Bay Sands (Singapore)

The Marina Bay Sands hotel complex in Singapore was opened in 2010. It is considered to be the main architectural landmark of the city-state. Marina Bay Sands is comprised of 3 towers that are connected with a 340 meter skypark which also houses the world’s largest outdoor swimming pool. The towers have more than 2,000 hotel rooms, several restaurants, a theater, a casino, and the city’s biggest night club. The construction of the hotel complex cost the Singapore division of US resort and casino company Las Vegas Sands about $8 billion.

SoFi (USA)

The SoFi Stadium is the home arena of two major NFL teams, the Los Angeles Rams and the Los Angeles Chargers. It was opened in Inglewood, California in 2020. The stadium has a seating capacity of more than 70,000 people. Notably, its football field is located about 30 meters below ground. Another key feature of the arena is the enormous circle-shaped video screen suspended above the field, which is larger than the football field itself. The construction of the SoFi Stadium was financed by US businessman Stan Kroenke, who spent about $5 billion on the project. Kroenke is the husband of Ann Walton Kroenke, the heiress to the Walmart retail empire.

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Markets welcome truce in US-China trade conflict

The market is digesting with bated breath news about progress in the US-China trade negotiations. China is extending its trade truce with the US for another 90 days. It seems there is some sign of mutual understanding between Washington and Beijing.

On Tuesday, August 12, China’s Ministry of Commerce extended the trade truce with the United States for 90 days. This happened just a few hours after US President Donald Trump signed the corresponding order.

Against this backdrop, China’s Ministry of Commerce announced the suspension of additional tariffs on US goods for another 90 days.

The ministry also reported its readiness to work on reducing non-tariff barriers for American companies. At the same time, the agency will refrain from adding certain US firms to its lists of unreliable entities and export control. This decision will remain in force for the specified 90-day period.

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