Business – Page 6 – PressClub World

21. 7. 2023 No Responses

Photovoltaic Panels Flooded European Warehouses

Around €7 billion worth of Chinese-manufactured solar panels are currently stored in Europe, which could power approximately 20 million homes per year. Despite this surplus, imports continue to increase, with the first few months of 2023 showing higher import levels...

19. 7. 2023 No Responses

Lockheed Martin Raises Full-Year Forecast

U.S. weapons maker Lockheed Martin on Tuesday raised its annual profit and sales outlook on strong demand for military equipment stoked by ongoing geopolitical uncertainties. Defense companies in the U.S. have been successful in translating demand for air defe...

17. 7. 2023 No Responses

China GDP Grows 6.3% in Second Quarter

China’s economy expanded 6.3% in the second quarter from a year ago, falling short of market expectations as export demand remained tepid and sinking property prices sapped consumer confidence. The jobless rate for the 16-24 age group hit a new...

22. 6. 2023 No Responses

Ex- Barclays CEO Praises BlackRock BTC ETF Filing

Former Barclays CEO Bob Diamond is not surprised by asset management giant BlackRock’s recent forays into the world of crypto. “I love seeing some of the mainstream firms get involved here, like BlackRock,” said Diamond during an interview with CNBC’...

20. 6. 2023 No Responses

Alibaba CEO Daniel Zhang to step down

Daniel Zhang, who has been the Chinese conglomerate’s chief for eight long years, is being replaced. Eddie Wu, now chairman of Alibaba’s online shopping arms Taobao and Tmall, will take over as chief executive. Zhang, who became chairman in 2019, will...

19. 6. 2023 No Responses

Photovoltaic Grade Polysilicon Prices Crash

Solar grade polysilicon prices crash amid global supply glut. Spot prices for the main ingredient in photovoltaic panels are crashing considerably and fast, fueled by a glut in China’s photovoltaic panel supply chain. Some companies manufacturing polysil...

17. 6. 2023 No Responses

Open fan jet engine to power the successor to Boeing’s 737 MAX

An open fan being developed by CFM International, making it a prime candidate to power the next generation of all new airplanes in the mid-to-late 2030s. The new engine with a giant open fan would change the look of airplanes...

12. 6. 2023 No Responses

The discovery of a lithium mine in Iran

Iran’s lithium find is a potential game changer. The discovery of a lithium mine in Iran and its potential implications for the global production of lithium-ion batteries and electric vehicles is still one of the topics discussed in the world...

10. 6. 2023 No Responses

Tesla’s supercharger deals with GM, Ford

Tesla’s supercharger deals with GM, Ford are ‘the cheapest forms of advertising’. Starting next year, owners of electric vehicles made by General Motors and Ford will be able to charge their EVs at many of Tesla’s charging stations, the...

6. 6. 2023 No Responses

IATA elevates industry profit projection for 2023

The International Air Transport Association (IATA) now expects the whole airline industry to make a net profit of $9.8 billion this year, roughly doubling of its initial projection for sector profitability. The airline association had initially projected the...

3. 6. 2023 No Responses

BIS To Use AI To Monitor Global Bank Transactions For “Money Laundering”

As the IMF is currently gearing up to introduce its new global CBDC system called the UMU (also known as the Unicoin), The Bank for International Settlements (BIS) has been busy with multiple projects designed to centralize all international banks...

31. 5. 2023 No Responses

Twitter Is Now Worth Just One Third of Elon Musk’s Purchase Price

Twitter social network is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity, which recently marked down the value of its equity stake in the company. Elon Musk has acknowledged he overpaid for...

20. 4. 2023 No Responses

Tesla net income and earnings drop more than 20%

Tesla profit miss estimates, gross margin dips to 19.3% on price cuts. Shares in electric vehicle maker Tesla dropped more than 4% after the company reported first-quarter earnings after the bell. Net income came in at $2.51 billion, down 24%...

18. 4. 2023 No Responses

Lockheed Martin Tops Earnings Forecasts

Lockheed Martin – the producer of the F-16, F-35 fighter jets and guided missiles has been a heavy supplier of weapons and other military equipment for Ukraine war. Lockheed Martin provided thousands guided missiles for High Mobility Artillery Rocket Sys...

16. 4. 2023 No Responses

New Global Currency Unveiled: The Universal Monetary Unit

New digital asset the Universal Monetary Unit, also known as Unicoin, is an international central bank digital currency that has been designed to work in conjunction with all existing national currencies. The IMF did not create this new currency, but...

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