Business – Page 48 – PressClub World

5. 6. 2019 No Responses

Global Economy Cools Faster Than Expected as Trade Tensions Rise, World Bank Says

The global economy has stumbled sharply in the first half of the year with trade and investment flows between countries falling faster than expected, according to semiannual forecasts released by the World Bank on Tuesday. With nearly half a year...

4. 6. 2019 No Responses

Russia Tested Modernised Missile of the Anti-Ballistic Missile System

A new video released Tuesday by the defence ministry shows the test firing of an unnamed modernised missile of the Russian ABM [Anti-Ballistic Missile] system. The defence ministry has remained mum on the nature and specifications of the new weapon, only co...

3. 6. 2019 No Responses

Boeing reports faulty parts on 737 wings, including MAX

The FAA published a notice warning of defective parts on the wings of around 300 Boeing 737 MAX and 737 NG. The manufacturer requests operators to change the parts. An undisclosed subcontractor has informed Boeing that a batch of leading-edge slat...

31. 5. 2019 No Responses

Verizon Communications Stock Falls as UBS Cuts Its Rating

Verizon Communications stock dipped Thursday morning after an analyst at UBS cut his rating to Neutral. Verizon stock (symbol: VZ) has gained 0.8% in 2019 through Wednesday’s close, but shares are trading 19% higher than a year ago. Verizon has...

30. 5. 2019 No Responses

UK car production crashed by 45%

UK car production fell 44.5% according to the Society of Motor Manufacturers and Traders (SMMT). In what it called “an extraordinary month”, the SMMT said only 70,971 cars rolled off production lines. That was 56,999 fewer than in April a...

29. 5. 2019 No Responses

China Unveils 600 km/h Maglev Train

Maglev is train levitating on magnetic field created by electromagnets in rail and China’s state train maker recently unveiled the first prototype of a new maglev train capable of speed 600 kilometers per hour. China Railway Rolling Stock Corporation (CRRC)...

28. 5. 2019 No Responses

IndiGo, the low-cost conqueror, is coming for Emirates

The world’s largest airline by international passengers hit an air pocket in the 12 months through April, with net income falling by more than two-thirds to its lowest level since 2002. On the far side of the Arabian Sea, meanwhile,...

27. 5. 2019 No Responses

Fiat Chrysler proposes merger with Renault

Fiat Chrysler proposed on Monday to merge with France’s Renault to create the world’s third-biggest automaker and combine their investments in the race to make new electric and autonomous vehicles. Shares of both companies jumped over 10% on the ne...

26. 5. 2019 No Responses

New Delivery Drones from DHL and Ford

DHL Launches First Fully-Automated Drone Delivery Service In China. DHL Express, an international courier, and Ehang, a Chinese company focused on producing intelligent autonomous aerial vehicles, have entered into a partnership to solve the last-mile delivery...

24. 5. 2019 No Responses

IMF: Importing US firms and consumers paying for Trump’s trade war

IMF experts findings contradict President Trump’s claim that China is footing the trade-war bill. Companies in the U.S. are paying almost all the costs from Donald Trump’s tariffs on Chinese imports, IMF researchers said in findings that dispute th...

22. 5. 2019 No Responses

Huawei CEO: Company’s own OS will run Android apps

Richard Yu – Huawei CEO, has reportedly said that his firm will roll out its own operating system that will support Android apps, potentially blunting the effect of the US’ recent blacklisting of the Chinese company. According to reports from...

16. 5. 2019 No Responses

Global Trade Collapsing To Depression Levels

With the trade war between the US and China re-escalating once more, investors are again casting frightened glances at declining global trade volumes, which as Bloomberg writes today, “threaten to upend the global economy’s much-anticipated rebound and...

15. 5. 2019 No Responses

Alibaba Blasts Q4 Earnings Estimates

Sales of Alibaba Group Holding, China’s largest e-shop platform, exceeded analysts’ expectations and increased 51%. The operator of the well-known AliExpress site announced that its sales in the fourth financial quarter ended March 31 were up 51% y...

14. 5. 2019 No Responses

WhatsApp was hacked by Talmudists and attackers installed spyware on people’s phones

Facebook-owned WhatsApp messenger has been weaponized to bug the phones of human rights campaigners, lawyers, and other dissidents with an Israeli spyware, sparking a backlash against the program’s manufacturer. “NSO Group sells its products to governments...

11. 5. 2019 No Responses

Uber, the Worst Performing IPO in U.S. Stock Market History

Rideshare Wall Street darling Uber raised close to $25 billion. When it loses big money – and it does every single quarter – it loses it at stratospheric burn rates. It finally debuted on the New York Stock Exchange (NYSE)...

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