Editors’ Picks – Page 6 – PressClub World

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 reason is the abandonment...

13. 11. 2023 No Responses

China Unveils Plan To Mass Produce Human-like Robots

China is setting out to mass produce human-like robots in two years, an ambitious plan that, according to a blueprint issued by the Ministry of Industry and Information Technology (MIIT), it hopes will make the regime in Beijing the leader...

12. 11. 2023 No Responses

Turkish Airlines in Talks With Airbus to Purchase 355 Planes

Order would be largest in the Turkish carrier’s history. Airline chairman talked in May of possible 600-plane order. Turkish Airlines is in talks with Airbus SE for what would be the biggest order in the carrier’s history if finalized. Management...

11. 11. 2023 No Responses

Germany To Bail Out Siemens’ Desperate Wind Turbine Division

As the top analyst here at the PressClub World predicted a few years ago, the Siemens wind turbine division is now a ‘hot potato’. Siemens Energy, facing significant losses, is in talks for up to 15 billion euros in guarantees,...

10. 11. 2023 No Responses

Moody’s Cuts USA’s Aaa Rating Outlook To ‘Negative’

After a disastrous 30Y bond auction this week, a collapse in Treasury market liquidity, and an accelerating rise in the market’s perception of the United States’ credit risk, Moody’s has just cut its outlook on US credit ratings to negative ...

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...

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...

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...

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...

4. 11. 2023 No Responses

Iran FM to UK FM: Palestinians entitled to fight Israeli occupation

As the UK, American and Czech governments are amazed why, after 75 years of Khazarian-Zionist occupation, the original Semitic population (Palestinians) decided to rise up against the Khazarian-Zionist regime’s reign of murders, terror, and ethic cleansi...

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...

1. 11. 2023 No Responses

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 are united by our commitment t...

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...

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...

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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