Category: Business

NTSB: Boeing “unable to find the records documenting” repair work on 737 Max 9
17. 3. 2024 No Responses

NTSB: Boeing “unable to find the records documenting” repair work on 737 Max 9

A government investigation into a Boeing 737 Max 9 plane’s door-plug blowout has been hampered by a lack of repair records and security camera footage, the National Transportation Safety Board’s chair told US senators. Boeing was “unable to find the...
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India approves full development of 5th gen fighter
14. 3. 2024 No Responses

India approves full development of 5th gen fighter

India’s Cabinet Committee on Security has given a green light to continue development of the Advanced Medium Combat Aircraft, India’s indigenous fifth-generation fighter jet. The state-run Aeronautical Development Agency and Hindustan Aeronautics Ltd. are ...
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IRGC Navy Takes Delivery of Two New Stealth Warships
19. 2. 2024 No Responses

IRGC Navy Takes Delivery of Two New Stealth Warships

  The Islamic Revolutionary Guard Corps’ Navy has taken delivery of two new Soleimani-class corvettes, with the vessels, the Sayyad Shirazi and the Hassan Bagheri, inaugurated at a ceremony in the southern port city of Bandar Abbas on Monday. The uniqu...
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Buffett’s Berkshire Increases Stake in Chevron and Occidental
15. 2. 2024 No Responses

Buffett’s Berkshire Increases Stake in Chevron and Occidental

Warren Buffett’s Berkshire Hathaway portfolio in Q4 2023, as of Dec 31, 2023 was valued as $347.4 billion. Among the notable changes, Berkshire sold out of its entire stake in homebuilder DR Horton (valued at $641MM in Q3), Markel ($234MM), StoneCo...
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China’s BYD poised to overtake Tesla as world’s largest maker of pure-electric vehicles
2. 1. 2024 No Responses

China’s BYD poised to overtake Tesla as world’s largest maker of pure-electric vehicles

The Chinese carmaker’s global fourth-quarter deliveries rose 22 per cent from the previous quarter, when they nearly matched Tesla’s total. BYD, already the world’s largest producer of electric vehicles (EVs) – a category that includes plug-in hybrid...
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Iraq and China started building 15 new cities in Iraq
29. 12. 2023 No Responses

Iraq and China started building 15 new cities in Iraq

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Risk Warning: Low Probability of Attractive Return vs. High Probability of Decline in Capital Markets
28. 12. 2023 No Responses

Risk Warning: Low Probability of Attractive Return vs. High Probability of Decline in Capital Markets

As has been my standard since September 1998, I again publicly warn in advance of the increased risk of a decline in capital markets. And now such a situation has come again. What are the current reasons? Goldman Sachs recently...
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Financial Times: Banks Terminate 61,905 Workers
27. 12. 2023 No Responses

Financial Times: Banks Terminate 61,905 Workers

A new report from the Financial Times shows twenty of the world’s largest banks slashed 61,905 jobs in 2023, a move to protect profit margins in a period of high interest rates amid a slump in dealmaking and equity and...
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Iran, Eurasian Economic Union sign free trade agreement
25. 12. 2023 No Responses

Iran, Eurasian Economic Union sign free trade agreement

Iran and the Eurasian Economic Union (EAEU) have signed a major agreement to start free trade some six years after Tehran joined the bloc in a bid to diversify its trade partners amid sanctions imposed by the West. The office of...
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Top 5 Oil Producing Countries
22. 12. 2023 No Responses

Top 5 Oil Producing Countries

No 1 The United States The U.S. is now producing more than 13 million barrels per day (bpd) of crude oil—more than any country ever—and is headed to a continued increase in the short and medium term. U.S. crude oil...
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A Million Toyota, Lexus Cars Recalled over Airbag Sensor
21. 12. 2023 No Responses

A Million Toyota, Lexus Cars Recalled over Airbag Sensor

Toyota has announced the recall of about a million Toyota and Lexus vehicles from 2020 through 2022 model years. The problem is an incorrectly manufactured sensor in the front passenger seat that could short-circuit, potentially causing the airbag to fail in....
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Aon to Buy NFP for $13.4 Billion
20. 12. 2023 No Responses

Aon to Buy NFP for $13.4 Billion

Aon said it has signed an agreement to acquire NFP—a middle market property and casualty broker—for about $13.4 billion in cash and stock. “The acquisition of NFP expands Aon’s presence in the large and fast-growing middle-market segment, with capabili...
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Nippon Steel To Buy US Steel For $14 Billion
18. 12. 2023 No Responses

Nippon Steel To Buy US Steel For $14 Billion

This $14.9 billion acquisition represents a significant step in Nippon Steel’s plan to expand its U.S. assets, and pushed the Japanese company from the fourth to the third-largest global steel producer. In total, it will now account for roughly 86...
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UK, Italy, and Japan Jointly Developed The Future Stealth 6th-Gen GCAP Fighter
16. 12. 2023 No Responses

UK, Italy, and Japan Jointly Developed The Future Stealth 6th-Gen GCAP Fighter

Japan, Britain and Italy on December 14 announced plans to cooperate in developing next-generation fighters in an effort to reflect the need to jointly deal with growing geopolitical threats. The three countries will jointly develop and produce a common airfra...
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BoE Holds Rates At 15 Year High, Warns “Still Some Way To Go”
14. 12. 2023 No Responses

BoE Holds Rates At 15 Year High, Warns “Still Some Way To Go”

But rate-cut expectations are rising nevertheless. The Bank of England – as was expected – held interest rates steady at 5.25% (in a 6-3 vote – also expected, with Greene, Haskell, and Mann all pushing for another 25bps hike). With rates at...
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