in the value of his electric car company, tesla. he s now estimated to be worth $192 billion. the head of lmvh, bernard arnault, is in the second spot, withjeff bezos and bill gates in third and fourth positions. and staying with elon musk he s being accused of insider trading by investors who lost billions by trading the cryptocurrency dogecoin. in a filing to manhattan federal court, a group of investors allege he used twitter posts, paid online influencers, and even used an appearince on the tv show saturday night live to boost the value of dogecoin before selling $124 million worth. at one point, the twitter owner replaced the company s blue bird logo with dogecoin s shiba inu dog logo, seeing dogecoin s price jump by almost a third. a lawyer for musk and tesla declined to comment.
a sticking point has been high petrol and diesel prices. it has stayed elevated at levels in april and may of 2022, even after global crude oil prices have fallen by more than a0 50% since then. now this is despite india having access to larger amounts of discounted russian crude oil which, according to reports, is at least $10 cheaper than international rates. now that means billions of dollars of savings for oil marketing companies but that has not been passed on to motorists and is still pinching households s disposable income and feeding into india s inflation. and staying with elon musk he s being accused of insider trading by investors who lost billions by trading the cryptocurrency dogecoin. in a filing to manhattan federal court, a group of investors allege he used twitter posts, paid online influencers, and even used an appearince on the tv show saturday night live to boost the value of dogecoin before selling $124 million worth.
new frontiers. there has been talk about a human mission to the moon. new frontiers in the sky but also below us, and this seems to be part of that. thanks very much, nick. let s get some of the day s other news now. sri lanka has cut its interest rate by a huge 2.5%. it s the first cut in three years, something the government says is a sign the country s economy is finally starting to recover from a crippling economic crisis. interest rates had been raised to record levels in an effort to calm spiralling inflation. and now to elon musk he s being accused of insider trading by investors who lost billions by trading the cryptocurrency dogecoin. in a filing to manhattan federal court, a group of investors allege he used twitter posts, paid online influencers and even used an appearance on the tv show saturday night live to boost the value of dogecoin before selling $124 million worth.
point has been high petrol and diesel prices. it has stayed elevated at levels in april and may of 2022 even after global crude oil prices have fallen by more than 40 50% since then. now this is despite india having access to larger amounts of discounted russian crude oil, which according to reports is at least $10 cheaper than international rates. now that means billions of dollars of savings for oil marketing companies. but that has not been passed on to motorists and is still pinching households s disposable income and feeding areas democrat into inflation. elon musk has reclaimed his title as the world s richest person knocking the boss of luxury goods giant and staying with elon musk he s being accused of insider trading by investors who lost billions by trading the cryptocurrency dogecoin. in a filing to manhattan federal court a group of investors allege he used twitter posts, paid online influencers, and even used
Elon Musk on April 3 started a meme fest on the internet after he changed the official logo of Twitter from a bright blue silhouette of a bird to the cryptocurrency Dogecoin, a derpy-looking Shiba Inu. According to the US-based tech publication, Twitter is now valued at half of what it was when Musk bought it. With about 180,000 subscribers of Twitter Blue, Musk is making roughly $28 million in annual revenue, which is way below the target.