Category: Business

MBDA and PGZ sign $5 billion deal for Poland’s air defense
9. 11. 2023 No Responses

MBDA and PGZ sign $5 billion deal for Poland’s air defense

The U.K. arm of missile-maker MBDA and the Polish defense company PGZ have signed a contract to work on the next phase of Poland’s anti-air missile program, the two countries announced Wednesday. The deal, worth more than worth more than...
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JinkoSolar’s new PV panel: Conversion Efficiency of 26.89%
8. 11. 2023 No Responses

JinkoSolar’s new PV panel: Conversion Efficiency of 26.89%

JinkoSolar Holding Co., Ltd. (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it has achieved a major technical breakthrough for its 182 mm high-efficiency N-type monocrystalline silicon solar ce...
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WeWork’s collapse: A story of unchecked ambition and KCS corporate governance
7. 11. 2023 No Responses

WeWork’s collapse: A story of unchecked ambition and KCS corporate governance

January 2019 marked a high point for WeWork. Still a startup, the New York-based firm had secured funding of $10 billion from the Softbank Group and had attained an after-funding valuation of $47 billion. At the time, this made it...
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Berkshire Hathaway: Investment Loss of $24.1 Billion, Cash $157 Billion
6. 11. 2023 No Responses

Berkshire Hathaway: Investment Loss of $24.1 Billion, Cash $157 Billion

Warren Buffett’s Berkshire Hathaway reported its first quarterly loss in a year while operating earnings jumped by 40% and the firm’s cash reserves reached a record $157.2 billion. The quarterly loss has been heavily attributed to the company&#8217...
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FTC: Amazon made $1 billion through secret price raising algorithm
2. 11. 2023 No Responses

FTC: Amazon made $1 billion through secret price raising algorithm

Amazon com used a series of illegal strategies to stay on top of online retailing including using an algorithm to push up prices to U.S. households by more than $1 billion, the Federal Trade Commission (FTC) said in a less-redacted...
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BP Q3 profit misses forecast
31. 10. 2023 No Responses

BP Q3 profit misses forecast

BP third-quarter earnings of $3.3 billion, missing analysts’ forecasts due to weak gas trading results while the firm wrote down a large portion of a U.S. offshore wind project. The results fell well short of expectations for a $4 billion...
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China-based chipmaking tool suppliers experience strong growth
30. 10. 2023 No Responses

China-based chipmaking tool suppliers experience strong growth

Amid the US export curbs that aim to slow down the Chinese development in semiconductors, the China-based semiconductor equipment industry saw a diverging performance, with the largest suppliers, such as Naura Technology, benefiting from an indigenization effo...
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TSMC 2nd Fab in Kumamoto Awaiting JPY 900 Billion in Subsidy
27. 10. 2023 No Responses

TSMC 2nd Fab in Kumamoto Awaiting JPY 900 Billion in Subsidy

Media reports quoting Yoshihiro Seki, a member of Japan’s House of Representatives, that Japan plans to add JPY 1.49 trillion (US$ 10 billion) to its budget for subsidizing two important semiconductor investment projects, namely, TSMC and Rapidus. Japan ...
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The Westminster Declaration
20. 10. 2023 No Responses

The Westminster Declaration

The Westminster Declaration We write as journalists, artists, authors, activists, technologists, and academics to warn of increasing international censorship that threatens to erode centuries-old democratic norms. Coming from the left, right, and centre, we ar...
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Serbian PM: EU paying extra to hide purchases of Russian oil
13. 10. 2023 No Responses

Serbian PM: EU paying extra to hide purchases of Russian oil

The bloc is buying Moscow’s crude via intermediaries at double the price, Serbian Prime Minister Radovan Viskovic told RT. Oil from Russia is still entering the EU market despite Western sanctions, but it now flows through intermediaries at a much...
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Iran to put satellite constellation into orbit in 2 years
10. 10. 2023 No Responses

Iran to put satellite constellation into orbit in 2 years

Iran’s first satellite system project named after top anti-terror commander Lieutenant General Qassem Soleimani will be put into orbit within the next two years, according to the head of the Iranian Space Agency (ISA). Hossein Salariyeh today that his agency...
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GAO: Half of US’ F-35 Fleet Not Capable of Flying at Any Time
23. 9. 2023 No Responses

GAO: Half of US’ F-35 Fleet Not Capable of Flying at Any Time

Almost half the F-35 Joint Strike Fighters that are supposed to be operational are not capable of flying and it will cost $1.3 trillion to keep them operational, the US Government Accountability Office (GAO) said in a new report. “The...
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SoftBank’s Arm IPO Valued at $54.5 Billion
13. 9. 2023 No Responses

SoftBank’s Arm IPO Valued at $54.5 Billion

Arm Holdings’s Nasdaq debut in short: SoftBank plans to sell only 9% of Arm’s shares, and will pledge out a 75% stake for margin loans once the stock debuts. As such, Arm’s tiny float of just 9% is an extreme...
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IEA: Global Oil Demand Will Peak Before 2030
12. 9. 2023 No Responses

IEA: Global Oil Demand Will Peak Before 2030

Demand for oil, natural gas, and coal is nearing its peak, the head of the International Energy Agency said in an op-ed for the Financial Times, citing IEA research. Noting that demand for oil and gas has been growing despite forecasts of...
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RTX to take $3 billion charge on Pratt & Whitney engine failures
11. 9. 2023 No Responses

RTX to take $3 billion charge on Pratt & Whitney engine failures

Pratt & Whitney engine flaw will ground 350 planes per year through 2026. RTX Corp.’s plan to address the latest flaw in its marquee commercial jet engine will ground hundreds of Airbus SE A320neo aircraft over the next three years,...
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