Search results for RBC
Crypto
Russia steps up crackdown on illegal crypto trading with jail terms for violations
Russia is moving to criminalise cryptocurrency trading conducted outside its regulatory framework. A draft approved by the Moscow city government would introduce penalties for organising digital asset distribution without registration or a licence from the central bank. Proposed punishments include fines and forced labour, rising to up to 7 years in prison and a 1 million rouble fine for organised crime or large-scale damage. Broader crypto rules are expected from 2026, with criminal provisions from 2027.
Mobility
Tesla is no longer an EV company, Elon Musk\'s big picture
Elon Musk has said Tesla is not a car company, and recent results suggest it is focusing more on AI and robots. Musk told investors Tesla will stop producing the Model S and X and instead build the humanoid robot Optimus. Tesla is investing $2 billion in xAI and considering cooperation with Musk\'s AI startup. Tesla posted its first annual revenue decline and a sharp profit drop as costs rose.
AI & Enterprise
Reality behind AI-driven crisis fears for software companies
Software shares are struggling even as AI becomes a key theme in equity markets, reflecting worries that AI could fundamentally reshape the software industry. Major companies including Salesforce, Adobe and ServiceNow have fallen at least 30 percent since early last year, and a smaller-software S&P index is down more than 20 percent. Investors remain focused on AI firms, while analysts debate whether risks to software companies are exaggerated or real.
