Jon Delaney – Page 17 – PressClub World

28. 6. 2020 No Responses

Mercedes-Benz Will Have Autonomous Capability

Mercedes-Benz and Nvidia are going to build a new software-defined computing architecture for automated vehicles based on the Nvidia DRIVE platform that will be installed across the fleet of next-generation Mercedes-Benz vehicles, starting in 2024. “It’s really a transformative business...

25. 6. 2020 No Responses

After 84 years, Olympus quits camera business

Olympus, once one of the world’s biggest camera brands, is selling off that part of its business after 84 years. The company said that despite its best efforts, the “extremely severe digital camera market” was no longer profitable. The arriva...

23. 6. 2020 No Responses

Bayer Pays $10BN To Settle Thousands Of Monsanto Glyphosate Lawsuits

After decades of widespread use as company scientists played down research showing a definitive link between the product and growing rates of non-Hodgkins lymphoma, Monsanto parent company Bayer has agreed to pay up to $10 billion to settle claims that...

21. 6. 2020 No Responses

$18 Trillion In Global Stimulus In 2020

Over $18 Trillion In Global Stimulus In 2020, 21% Of World GDP – the latest observations from BofA chief investment officer, Michael Hartnett who concluded that there is just one bull market to short – namely credit – “and the Fed wo...

18. 6. 2020 No Responses

Boeing: More 737 MAXs canceled and no passenger jets delivered

The devastating airline downturn effectively paralyzed Boeing’s passenger jet business in May. For the month, Boeing delivered a paltry four military airplanes, not one of those a passenger jet, and only took in new orders for a net gain of...

17. 6. 2020 No Responses

Qatar Airways will not take new planes this year or next

Qatar Airways will not take any new planes ordered from Boeing or Airbus in 2020 or 2021, Chief Executive Officer Akbar al-Baker said on Wednesday, adding there would be a knock-on effect on future deliveries due to the coronavirus pandemic....

15. 6. 2020 No Responses

The FED Has Monetized All Treasury Issuance In 2020

There is no more controversial entity in the US, more inflammatory yet out of the spotlight of public outrage, than the Federal Reserve: it is the FED’s actions over the past 108 years – and especially over the past decade...

13. 6. 2020 No Responses

World’s First Passenger Drone Service At Luxury Hotel

An autonomous aerial vehicle technology company called Ehang has launched the world’s first commercial Urban Air Mobility (UAM) service in China. The EHang 216 drone can carry fly two human passengers, has been exhibited in China and Europe over t...

10. 6. 2020 No Responses

Volkswagen Management In Turmoil

As if Volkswagen didn’t have enough problems as it attempts to extricate itself from the coronavirus morass, the issue of its unsatisfactory system governance is rearing up again. CEO Herbert Diess lost his other job as head of VW brand...

5. 6. 2020 No Responses

GE Aviation delivers first KF-X engine

The US-based powerplant manufacturer announced the milestone on 4 June, noting that the first F414-GE-400K engine was delivered in May. Korea Aerospace Industries (KAI) selected GE Aviation in May 2016 to partner on the KF-X project, with an initial 15...

2. 6. 2020 No Responses

OPEC+ May Extend Its Historic Production Cut Agreement

OPEC+ is set to bring forward its meeting to Thursday, with a short extension of the current production cuts as the most likely outcome. Originally scheduled to take place on June 9, OPEC is now looking at moving it up to...

25. 5. 2020 No Responses

Sinking Lufthansa agrees to $10 Billion state rescue package

After weeks of “intensive negotiations” between Berlin and Germany’s flagship carrier Lufthansa, an agreement has been reached on €9 billion state bailout aid. As part of the deal, the government will take a 20 percent stake in Lufthansa, as well as.....

22. 5. 2020 No Responses

JP Morgan warns: Transparent Currencies Could Threaten US Geopolitical Power

JPMorgan’s head of of U.S. interest-rate derivatives strategy Josh Younger and chief U.S. economist Michael Feroli – wrote: “This revolves primarily around U.S. dollar hegemony. Issuing the global reserve currency and the medium of exchange for inte...

19. 5. 2020 No Responses

“We Print It Digitally”, Powell Vows “Lot More We Can Do”

It took Jerome Powell just two days to confirm what analysts said late on Friday, namely that with the Fed expected to boost QE by over $3 Trillion (assuming Powell doesn’t cut rates negative), the Fed chair said that “there’s...

14. 5. 2020 No Responses

U.S. Financial System “Warning System” Failed to Flash Warning as Fed Pumped $6 Trillion Emergency Liquidity into Wall Street

The Office of Financial Research (OFR) was created under the Dodd-Frank financial reform legislation of 2010 to keep the Financial Stability Oversight Council (F-SOC) informed on emerging threats that have the potential to implode the financial system — as o...

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