Category: Business

Collapse of Energy Suppliers
18. 12. 2021 No Responses

Collapse of Energy Suppliers

“Since the beginning of September, a total of 24 energy suppliers have now failed following a spike in gas prices.” “As suppliers continue to fall like dominoes, it’s clear the market is not functioning as it should and there are...
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LA Import Volume Sinks As Shipping Traffic Jam Worsens
16. 12. 2021 No Responses

LA Import Volume Sinks As Shipping Traffic Jam Worsens

Despite America’s epic consumer boom, containerized imports to the Port of Los Angeles dropped to 403,569 twenty-foot equivalent units in November, down 14% from October and down 13.2% year on year. For the second month in a row, Los Angeles’...
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Safran, GE target open-fan RISE engine at -20% fuel burn by 2030s
13. 12. 2021 No Responses

Safran, GE target open-fan RISE engine at -20% fuel burn by 2030s

The CFM partnership aims for RISE to secure a -20% fuel burn reduction via the engine structural aspects alone, including a geared architecture, with further reductions from lower-emissions fuel such as sustainable aviation fuels (SAF) or hydrogen. RISE — R...
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Biden Orders “Immediate Halt” Of US Federal Aid For Oil, Gas And Coal Projects Overseas
10. 12. 2021 No Responses

Biden Orders “Immediate Halt” Of US Federal Aid For Oil, Gas And Coal Projects Overseas

Biden finds himself in a bind: having (finally) realized that any aggressive crackdown on domestic oil producers means sharply higher energy prices, the president is also jugging an increasingly displeased contingent of “green new deal” progressive...
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India’s Jet Airways Weights Boeing, Airbus $12 Bln order
5. 12. 2021 No Responses

India’s Jet Airways Weights Boeing, Airbus $12 Bln order

India’s Jet Airways is in talks with planemakers Boeing Co. and Airbus SE for an order worth $12 billion. The airline’s new owners, UAE-based businessman Murari Lal Jalan and UK investment firm Kalrock Capital, told Bloomberg News that Jet could...
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Bitcoin-Backed Bonds Are Coming To Wall Street
4. 12. 2021 No Responses

Bitcoin-Backed Bonds Are Coming To Wall Street

Goldman Sachs, and a handful of othe tier-one US banks, are figuring out how to use bitcoin as collateral for cash loans to institutions, according to three people familiar with the plans. Emulating tri-party repo type arrangements (a way of...
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FDA Wants 55 YEARS to Release Vaccine Approval Documents
3. 12. 2021 No Responses

FDA Wants 55 YEARS to Release Vaccine Approval Documents

In September, 30 scientists and professors filed a lawsuit to force the FDA to release the documents it reviewed to approve the Pfizer COVID vaccine. The scientists want to “settle the ongoing public debate regarding the adequacy of the FDA’s...
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Nvidia CEO: Metaverse could save companies billions
1. 12. 2021 No Responses

Nvidia CEO: Metaverse could save companies billions

Companies are investing money into the creation of the so-called metaverse because it may ultimately save them significant chunks of change in the real world, Nvidia CEO Jensen Huang told CNBC’s Jim Cramer. In an interview on “Mad Money,” Huang...
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Ukraine Naftogaz: Russia won’t extend gas transit deal
30. 11. 2021 No Responses

Ukraine Naftogaz: Russia won’t extend gas transit deal

Russia does not want to extend its gas transit contract with Ukraine after 2024 when the current deal ends, the head of the Kiev-based state-run oil and gas company Naftogaz claimed on Monday. Speaking to Reuters, Yury Vitrenko said that...
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Macau Top Gambling Boss Arrested
29. 11. 2021 No Responses

Macau Top Gambling Boss Arrested

Shares in Macau casino operators fell Monday after a top gambling boss was arrested over illegal virtual betting activities. Macau’s judiciary police announced they arrested Suncity Group Holdings Ltd. CEO Alvin Chau after he established overseas gamblin...
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Texas Instruments to Invest $30 Billion on New U.S. Fabs
24. 11. 2021 No Responses

Texas Instruments to Invest $30 Billion on New U.S. Fabs

Samsung is not the only company to build new fabs in Texas. The Governor of Texas recently announced the Texas Instruments was planning to build several new 300-mm fabs near Sherman. In total, TI intends to build as many as...
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U.S. General: U.S. “Not As Advanced” As China Or Russia With Hypersonic Missiles
22. 11. 2021 No Responses

U.S. General: U.S. “Not As Advanced” As China Or Russia With Hypersonic Missiles

Admission comes days after another successful Russian Zircon hypersonic test in the Arctic. A top ranking general within the recently established US Space Force has voiced dire public concern that America’s hypersonic missile capabilities are significa...
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Alibaba: Revenue +29% Y/Y, Earnings -38% Y/Y
19. 11. 2021 No Responses

Alibaba: Revenue +29% Y/Y, Earnings -38% Y/Y

Alibaba on Thursday missed revenue and earnings expectations for the September quarter, as slowing economic growth in China weighed on results, adding to regulatory headwinds. Here’s how Alibaba did in its fiscal second-quarter, versus Refinitiv consensus e...
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Two FED Presidents Hit The Alarm Over The Broken Treasury Market
18. 11. 2021 No Responses

Two FED Presidents Hit The Alarm Over The Broken Treasury Market

In the usual post-FOMC meeting jawboning circus, today we had not one but two Fed officials discussing not the topic du jour – Fed policy errors and soaring inflation – but something far more ominous: the broken Treasury market. Just...
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Zircon hypersonic missile test launch
17. 11. 2021 No Responses

Zircon hypersonic missile test launch

The Russian frigate Admiral Gorshkov successfully completed a test launch of the state-of-the-art Zircon hypersonic cruise missile on Thursday, the country’s Defense Ministry has revealed. The Zircon, a scramjet anti-ship missile produced domestically, was s...
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