Category: Business

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 capabilities across...
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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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CATL developed an EV chassis with a 1,000 km range
13. 12. 2023 No Responses

CATL developed an EV chassis with a 1,000 km range

CATL announced that its EV CIIC skateboard platform completed testing in China and achieved a 1,000 km range, consumption of 10.5 kWh/100km, and managed to charge 300 km in 5 minutes. The car it was sitting on was B class...
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Russia to launch year-round LNG shipments via Arctic route
8. 12. 2023 No Responses

Russia to launch year-round LNG shipments via Arctic route

Moscow plans to start year-round LNG deliveries to Asia via Russia’s Arctic waterways, Sergey Zybko, head of the Northern Sea Route (NSR) operator, announced this week. Speaking during the “Arctic: present and future” forum, Zybko said the launch of the....
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JPMorgan: Americans running out of savings
6. 12. 2023 No Responses

JPMorgan: Americans running out of savings

Marko Kolanovic from JPMorgan warned: “It is likely that only the top 1% of consumers by income will be better off than before the pandemic,” he warned, noting the recent surge of credit card and auto loan delinquencies and a...
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Pickup Trucks Lead US Auto Sales
2. 12. 2023 No Responses

Pickup Trucks Lead US Auto Sales

Celebrating its 75th anniversary this year, the Ford F-Series is no less than an American icon. Ford’s immensely popular line of pickup trucks has been the best-selling truck for 46 consecutive years and the country’s best-selling vehicle for the last 4...
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Russia’s economy growing 3 times faster than Eurozone’s
24. 11. 2023 No Responses

Russia’s economy growing 3 times faster than Eurozone’s

French investment firm Amundi: Russia’s economy is growing three times faster than that of the Eurozone, indicating an apparent failure of Western sanctions against Moscow over the war in Ukraine. According to the French investment firm Amundi, cited by Brit...
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$446 Billion: The solution to China’s real estate panic
22. 11. 2023 No Responses

$446 Billion: The solution to China’s real estate panic

Beijing announced the two-pronged approach over the past few weeks, which have top-level political backing for financing equivalent to approximately 10% of annual new home sales in what media described as the “Singapore” model. The plan is more of...
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Texas Attor­ney Gen­er­al Ken Pax­ton Sues Pfiz­er and Tris for Pro­vid­ing Adul­ter­at­ed Phar­ma­ceu­ti­cal Drugs to Children
21. 11. 2023 No Responses

Texas Attor­ney Gen­er­al Ken Pax­ton Sues Pfiz­er and Tris for Pro­vid­ing Adul­ter­at­ed Phar­ma­ceu­ti­cal Drugs to Children

The Office of the Attorney General’s Civil Medicaid Fraud Division has sued Pfizer, Inc., Tris Pharma, Inc. and Tris CEO Ketan Mehta for defrauding the Texas Medicaid program by providing adulterated pharmaceutical drugs to Texas children in violation of the...
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Iran unveils Fattah-2 hypersonic missile and Mehran air defense system
19. 11. 2023 No Responses

Iran unveils Fattah-2 hypersonic missile and Mehran air defense system

Iran’s IRGC has unveiled the homegrown Fattah-2 hypersonic missile as well as other new military achievements. Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei toured an exhibition showcasing the latest achievements of the IRGC Aerospace Force ...
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Samuel Altman fired as CEO of ChatGPT maker OpenAI
18. 11. 2023 No Responses

Samuel Altman fired as CEO of ChatGPT maker OpenAI

Official version: Sam Altman, the Silicon Valley CEO behind the artificial intelligence-powered chatbots ChatGPT and GPT-4, has been abruptly fired by his company’s board of directors in a major shakeup for the tech industry. Microsoft-backed OpenAI said on ...
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Fidelity files for spot Ethereum ETF
17. 11. 2023 No Responses

Fidelity files for spot Ethereum ETF

Fidelity Investment has filed for a spot ether ETF, following its spot bitcoin ETF application. Asset management giant Fidelity Investment has filed for a spot ether ETF, in the footsteps of its spot bitcoin ETF application. “To this point, approval...
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The COO and CFO of wind turbine company Ørsted have resigned
14. 11. 2023 No Responses

The COO and CFO of wind turbine company Ørsted have resigned

The inertia of C-class management thinking is a well-known phenomenon. Two C-class managers of Danish multinational wind turbine company Ørsted, CFO Daniel Lerup and COO Richard Hunter, are stepping down from their positions. The officially communicated reaso...
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