ArcelorMittal conspired to suppress vital facts to acquire Essar Steel

ArcelorMittal conspired to suppress vital facts to acquire Essar Steel

Prashant Ruia wants ArcelorMittal bid for Essar Steel rejected, cites LN Mittal’s link with brothers’ bankrupt cos. ESAHL alleges that Lakshmi Mittal’s association with loan-defaulting firms of his brother makes him ineligible to participate in the bankruptcy proceedings. IBC rules...
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EV Hype Escalates Into an Absurd Price Bubble

EV Hype Escalates Into an Absurd Price Bubble

Electric rebuild of Ford Bronco revealed with shocking price. Not built just by Ford, which has an all-new version on the production line next year, but assembled by Zero Labs, a startup niche builder based in Los Angeles that’s turned the...
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IPO Mania Sent Uber and Lyft Fares Skyrocketing, While Driver Pay Plummets

IPO Mania Sent Uber and Lyft Fares Skyrocketing, While Driver Pay Plummets

As Uber and Lyft look to IPOs to let their investors, who have been subsidizing 40-50% of every ride, redeem their shares through sales to the public capital markets, the companies are desperate for ways to reduce their unprofitability and...
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The National Enquirer sold for $100 million to James Cohen

The National Enquirer sold for $100 million to James Cohen

American Media Inc. sold the National Enquirer for $100 million to James Cohen, CEO of Hudson News. The notorious tabloid, along with two sister periodics, has a new owner – the head of the travel retailer known for its airport newsstands....
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Nissan, Ford and Daimler Led March European Car Sales Decline

Nissan, Ford and Daimler Led March European Car Sales Decline

European car registrations fell 3.6% in March, the Automobile Manufacturers Association, known by its acronym in French, ACEA said today, with Nissan, Ford, Daimler and Alfa Romeo showing some of the biggest sales declines. Registrations in the EU and European...
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Markets Have Deteriorated Rapidly as Box Demand Tumbled 3%

Markets Have Deteriorated Rapidly as Box Demand Tumbled 3%

For high-end analysts, cardboard demand is one of secret indicator. The cardboard industry is an oligopoly, with a few producers making most of the boxes and International Paper is the leading producer of containerboard globally. A limited number of competito...
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Acceleration of charged particles to extremely large energies by a sub-Dreicer electric field

Acceleration of charged particles to extremely large energies by a sub-Dreicer electric field

Scientists R.S. Marshall and P.M. Bellan published their latest scientific findings about: Acceleration of charged particles to extremely large energies by a sub-Dreicer electric field. Acceleration of a fraction of initially low-energy electrons in a cold, c...
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EU Refiners Turn to Ural Crude as US Unleashed More Sanctions on Venezuela

EU Refiners Turn to Ural Crude as US Unleashed More Sanctions on Venezuela

European refiners switched to expensive Russian sour Urals crude after US sanctions hit Venezuela’s similar-grade exports. Experts said that even though US crude output is increasing and exports are due to soar later this year, it is not an alternative bec...
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Panasonic Suspends Investments in Both Gigafactory 1 and Shanghai EV Plant

Panasonic Suspends Investments in Both Gigafactory 1 and Shanghai EV Plant

Tesla shares fall almost 5% on the stunning news that its relationship with Panasonic could be on the rocks. Panasonic is freezing plans to expand the capacity of Tesla’s Gigafactory 1 at the very same time that demand questions are starting...
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Lenin Moreno Ended Assange’s Asylum, Assange Arrested Inside the Ecuadorian Embassy

Lenin Moreno Ended Assange’s Asylum, Assange Arrested Inside the Ecuadorian Embassy

Lenin Moreno – president of Ecuador, today ended Julian Assange’s asylum on Ecuadorian Embassy in London. British police was invited inside embassy and they arrested Assange inside building of embassy. Julian Assange, 47, the founder of WikiLeaks ...
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FAA Knew Of 737 MAX Trim Problems

FAA Knew Of 737 MAX Trim Problems

A recently discovered document proves that Boeing ignored requirements FAA and international regulators made when they certified Boeing’s 737 MAX airliner. The underlying problem: For commercial reasons Boeing wanted the new 737 MAX version to handle like th...
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Saudi Aramco Buying 70% Of SABIC In $70 Billion Cash Deal

Saudi Aramco Buying 70% Of SABIC In $70 Billion Cash Deal

Saudi oil giant Saudi Aramco is acquiring a 70% stake in the country’s petrochemcial company Saudi Arabian Basic Industries Corporation (SABIC) from the country’s sovereign wealth fund, Aramco reported on its Twitter account shortly after Bloomberg...
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Volvo’s Newest Safety Feature

Volvo’s Newest Safety Feature

Your New Volvo Will Soon Call The Cops On You If It Thinks You’ve Been Drinking Swedish Volvo has always been synonymous with safety in the automotive branch. Now, the Swedish automaker is taking stunning steps to push the borders...
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Marines Seize Tiny Pacific Island As Training For Real War

Marines Seize Tiny Pacific Island As Training For Real War

The 31st U.S. Marine Expeditionary Unit (31st MEU) seized a tiny island and airfield with special operations airmen and soldiers as part of a new island-hopping strategy. Last week, 31st MEU, backed by the 3rd Marine Division, 3rd Marine Logistics...
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IBM ramps up (pseudo)crypto cross-border payments

IBM ramps up (pseudo)crypto cross-border payments

The cryptocurrency-based cross-border payments competition is cranking up. IBM Corp. said today its Blockchain World Wire initiative, a global payments network for regulated financial institutions, has entered production and will support instantaneous foreign...
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