Business – Page 11 – PressClub World

28. 12. 2022 No Responses

SpaceX Launches Next-Gen Starlink Satellites Into New Low Earth Orbit

Falcon 9 launches 54 Starlink satellites to low-Earth orbit; completes SpaceX’s 60th mission of 2022. Starlink has launched the first batch of next-generation satellites into orbit early Wednesday to add even more broadband capacity to the network. Around 0434 ET,...

27. 12. 2022 No Responses

China Starts Work On The World’s Largest Desert-Based Renewable Energy Project

China has broken ground on a renewable energy project worth an estimated $11 billion in the province of Inner Mongolia. According to a Bloomberg report, the project will have a capacity of 16 GW and produce some 40 billion kWh of...

23. 12. 2022 No Responses

Russia Close To Legalizing International Trade In Bitcoin, Crypto

Russia’s Congressional finance committee chairman, Anatoly Aksakov, said the country is moving to greenlight international trade in cryptocurrency within the next month, according to a report by national news agency TASS. “In January, we want to legali...

21. 12. 2022 No Responses

Musk Will Resign As Twitter CEO After ‘Finding Someone Foolish Enough To Take Job’

Elon Musk tweeted Tuesday night that he would step down from the CEO role at Twitter Inc. after finding a successor. This comes two days after he asked users whether he should step down — most respondents answered “Yes.” “I will...

20. 12. 2022 No Responses

Dassault is preparing flagship bizjet Falcon 10X

Dassault’s new flagship Falcon 10Xis going after the Bombardier Global 7500 and Gulfstream G700 to claim the title of the world’s largest business jet. The French airframe maker says the 10X will have the largest interior in its class. The...

19. 12. 2022 No Responses

Two-Thirds Of Voters Believe Social Media Engaged In Politically-Motivated Censorship

The December Harvard CAPS Harris Poll is out this week and Mark Penn and his colleagues have some interesting results to share. Despite the refusal of many in the media to cover the Twitter files, nearly two-thirds of voters believe Twitter shadow-banned us...

18. 12. 2022 No Responses

BIS sets a limit of 2% on crypto reserves among commercial banks

Group of Central Bank Governors and Heads of Supervision (GHOS) of the Bank for International Settlements (BIS) sets a limit of 2% on crypto reserves among commercial banks. The new standard limits crypto reserves among banks to 2% by 2025,...

14. 12. 2022 No Responses

Slovakia Ordered 152 Swedish IFVs CV90 Mk IV

Slovak Ministry of Defense announced that it had signed an agreement worth 1.37 billion USD for the delivery of 152 Swedish infantry fighting vehicles CV90 Mk IV. The Swedish Combat Vehicle 90 or CV90 has proven suitable for the subarctic...

13. 12. 2022 No Responses

President Joe Biden announced a $36 billion bail-out of financially troubled pension plans

Pension funds need an annual profit of 6 to 7% to function. And how do you achieve that when government bonds have yielded 0 to 2% p.a. for the past 11 years? Yeah, using a government bail-out! The funds are...

10. 12. 2022 No Responses

Turkish stealth UAV Kızılelma will be a substitute for the undelivered Lockheed Martin F-35 Lightning II

Turkish manufacturer Bayraktar announced that its first indigenous stealth supersonic unmanned fighter aircraft Bayraktar Kızılelma, has passed the first test runs. This is a very positive signal that the program is on the right track. Kızılelma is planned...

9. 12. 2022 No Responses

JUUL Settles More Than 10,000 Lawsuits For $1.2 Billion

Bloomberg just reported that e-cigarette maker Juul Labs has agreed to pay $1.2 billion to resolve about 10,000 lawsuits targeting the e-cigarette maker as a major cause of a US youth-vaping epidemic, according to people familiar with the matter. In...

8. 12. 2022 No Responses

Wind auction nets $757M in California

For the first time in history, the U.S. government on Tuesday started auctioning off sites for offshore wind development near America’s Pacific coast. The Bureau of Ocean Land Management (BOEM) took bids for the rights to develop wind turbines in...

7. 12. 2022 No Responses

Boeing to rollout final 747 jumbo jet from Everett factory

After more than half a century in production, the last example of Boeing’s 747 ‘Jumbo Jet,’ the iconic airliner that brought long-range wide-body air travel to the world, has rolled off the production line. With the closure of the production...

6. 12. 2022 No Responses

US Approves $3.75B Sale of Abrams Tanks to Poland

The US government on Tuesday announced the approval of a $3.75 billion sale of 116 Abrams tanks and other equipment to Poland. “The proposed sale will improve Poland’s capability to meet current and future threats by providing a credible force that i...

5. 12. 2022 No Responses

Germans banned from using nitrate fertilizers

Farmers in Germany’s most populous state must severely rein in their use of certain fertilizing techniques under a new set of restrictions apparently aimed at making the industry more “green.” As of Thursday, farmers in North Rhine-Westphalia are requir...

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