On the eve of the G20 climate summit, activist investor Daniel Loeb, famous for his aggressive attacks on the largest companies, declared war on Shell. Loeb bought shares in the oil and gas giant for $750 million, announced this today and immediately demanded to split the company into two new ones: in one, to leave the traditional “dirty” oil and gas assets that become toxic to investors, and in the second, to collect promising assets in the field of renewable energy .

The activist Dan Leb, who destroyed dozens of American CEO, has become one of Shell's largest shareholders and demands to divide the company into two: “clean” and “dirty” On the eve of the climatic summit, G20, famous for its aggressive attacks on the largest companies, investor-activist Daniel Leb declared the war Shell.

The Billionaires Tax, proposed by US senators, would require the nation's richest people to pay 23.8% each year on the appreciation of tradable assets such as stocks and bonds. It would partially finance the Biden administration's gigantic social programs, but it is unlikely to be adopted in its original form, writes Bloomberg. The initiative belongs to Senate Finance Committee Chairman Ron Wyden and, if approved, should be operational in 2022.

Spot gas prices in Europe fell by almost 4% after President Putin ordered Gazprom to start pumping gas into European storage facilities after storage facilities in Russia filled up. Putin gave the order to the chairman of the board of Gazprom, Alexei Miller. Miller replied that Gazprom would complete pumping into Russian UGS facilities by November 8 and start filling storage facilities in Europe, in Germany and Austria.

Inflation in Russia on an annualized basis rose to 7.97%, and the weekly inflation accelerated slightly, follows from data . Rosstat Weekly inflation for the week by October 25 was 0.28% compared to 0.26% a week earlier, since the beginning of the year - 6.28%, and in annual terms - 7.97%. Food inflation on an annualized basis rose to 10.58%, but its fruit and vegetable component slowed down growth, the Ministry of Economic Development notes .

In anticipation of the UN climate conference in Glasgow, financial analysts identify probable winners and the countries affected by the new environmental strategy of countries. Investors already calculate that a change in climate policy can bring global losses of $ 2.3 trillion.

Fix Price CEO Dmitry Kirsanov complained about inflation and an unprecedented increase in the cost of freight transportation - according to the company's top manager, the entire retail sector is under pressure because of this. Kirsanov told reporters that "the development of retail sales for all market players without exception" is under serious pressure.

Two ex-employees who dealt with security and household issues in the family of Facebook CEO Mark Zuckerberg and his wife Priscilla Chan sued them because of cases of bullying within the team. The plaintiffs allege they were harassed by the Zuckerbergs' top aide and their labor rights were violated. The lawsuits were filed in San Francisco District Court on September 20, reported Insider .

Robinhood shares plunged 9% post-market after the company released financials. The fintech service is now trading below its IPO price. After the release of the financial statements, the shares of the fintech company fell by 10%, to $35.48, at 14.35 Moscow time, the fall was 9.3%. For comparison: at the IPO at the end of July, the cost of securities was $38 per share. Investors were disappointed by the startup's reporting.

According to the results of the third quarter, Yandex continued to earn more than half of its revenue from services not related to advertising. This is accompanied by a drop in both the company's net profit and its EBITDA. Of the total quarterly revenue of RUB 91.3 billion (+52% yoy), advertising accounted for RUB 42.6 billion (+27% yoy). The non-advertising sector accounted for 53% of total revenue.

The slowdown in the restoration of the global economy and acceleration of inflation cannot yet shake the positions of the largest American technological companies. Last night, all three Bigtech quarterly reporting - Google, Microsoft and Twitter - announced record financial indicators. But the shares of the brokerage service Robinhood after the reporting first fell below the price of the spring IPO: the interest of retail investors in the meme shares on which Robinhood flew down.

Russia has set a new record for the number of deaths from COVID-19 per day - the number of deaths from coronavirus updates the maximum for the second day in a row. Over the past day in Russia, 1,123 people have died from COVID-19, according to data from the federal operational headquarters. Most deaths over the past day have traditionally been recorded in Moscow (91 cases) and St. Petersburg (74 cases). For the capital, the number of deaths was the highest since July 28, for St.

According to the prepared low-carbon development strategy for Russia, by 2050 Russia's carbon intensity should decrease by six times. However, this will have consequences - the authorities are estimating that after an intensive energy transition, the cost of electricity could jump by 26%, writes Forbes.

A new wave of COVID-19 has started to rage across Russia and last week the Moscow authorities decided to impose the most significant restrictions since the first weeks of the pandemic back in spring 2020. In an aggressive move amid rising inflation, the Central Bank also raised its key rate to 7.5 percent. It is not yet clear exactly how hard these developments will hit the Russian economy, but the specter of stagflation is becoming ever more visible.

An unexpected success came last week when Russia’s Team Spirit won the Dota 2 event at The International (TI10), the world’s leading esports tournament. The champions were congratulated by President Vladimir Putin, their victory was reported on national TV, and on social media the win inspired a surge of national pride.