Category: Business

Slovakia Ordered 152 Swedish IFVs CV90 Mk IV
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...
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President Joe Biden announced a $36 billion bail-out of financially troubled pension plans
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...
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Turkish stealth UAV Kızılelma will be a substitute for the undelivered Lockheed Martin F-35 Lightning II
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...
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JUUL Settles More Than 10,000 Lawsuits For $1.2 Billion
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...
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Wind auction nets $757M in California
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...
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Boeing to rollout final 747 jumbo jet from Everett factory
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...
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US Approves $3.75B Sale of Abrams Tanks to Poland
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...
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Germans banned from using nitrate fertilizers
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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OPEC+ Leaves Production Quotas Unchanged
4. 12. 2022 No Responses

OPEC+ Leaves Production Quotas Unchanged

At its meeting on Sunday, the OPEC+ group decided to leave its production quotas unchanged. The cartel also announced that its next meeting will be in February and the one after that in June, marking the end of monthly meetings....
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Volkswagen Group CEO: High Energy Cost Make New EV Plants “Unfeasible”
3. 12. 2022 No Responses

Volkswagen Group CEO: High Energy Cost Make New EV Plants “Unfeasible”

Incentives to buy an EV are starting to vaporize into thin air in places like Japan and the U.K. Now, the irony continues, as rising costs of energy in Europe, helped along by “green” energy policies, are making industrial projects...
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USAF begins withdrawal of F-15 fighters from Japan
1. 12. 2022 No Responses

USAF begins withdrawal of F-15 fighters from Japan

The details were given in a 1st December U.S. Air Force media release, to announce the 18th Wing bid farewell to several F-15 Eagles from Kadena Air Base, Japan. This marks the first departure of Eagles as a part of...
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Russia and China bypassing SWIFT
29. 11. 2022 No Responses

Russia and China bypassing SWIFT

Moscow and Beijing are developing a system of settlements which could allow cross-border transactions without using the Western financial messaging system, SWIFT, Deputy Prime Minister Aleksandr Novak revealed on Tuesday. The two countries have reportedly acce...
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US Bans Huawei, ZTE Telecom Electronic Equipment
28. 11. 2022 No Responses

US Bans Huawei, ZTE Telecom Electronic Equipment

The Federal Communications Commission (FCC) adopted new rules on Nov. 25 that will prohibit the import or sale of Chinese communications equipment deemed to pose an unacceptable risk to national security. The new rules will ban equipment from Chinese telecom.....
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A Day In Ukraine Is A Month Or More In Afghanistan
27. 11. 2022 No Responses

A Day In Ukraine Is A Month Or More In Afghanistan

Two-thirds of the North Atlantic Treaty Organization (NATO) have depleted their stockpiles by sending weapons to Kiev, according to an alliance official. Even larger NATO states are struggling to meet the demands of Ukraine’s war effort. The New York Times.....
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FTX bankruptcy: $740M in crypto assets recovered
26. 11. 2022 No Responses

FTX bankruptcy: $740M in crypto assets recovered

The company tasked with locking down the assets of the failed cryptocurrency exchange FTX says it has managed to recover and secure $740 million in assets so far, a fraction of the potentially billions of dollars likely missing from the...
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