Category: Editors’ Picks

New Car Sales in the US: 3.1% Decline in March, Down 2% for the 1Q
3. 4. 2019 No Responses

New Car Sales in the US: 3.1% Decline in March, Down 2% for the 1Q

The automotive industry has launched a key spring sales period in the US with 3.1% decline in March and a 2% decline in the first quarter. From major producers, only Honda, Hyundai, KIA, Subaru and the Volkswagen Group have improved....
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Hungary: Interest-free Loans of 10 Million Forints to Support Birth Rates
2. 4. 2019 No Responses

Hungary: Interest-free Loans of 10 Million Forints to Support Birth Rates

The Hungarian Parliament passed a law promoting family formation. The essence of the support is the provision of an interest-free loan of 10 million forints (about $35,000) that may be requested by spouses in the future if they “intend to...
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EasyJet Issued a Profit Warning
2. 4. 2019 No Responses

EasyJet Issued a Profit Warning

EasyJet’s low-cost airlines are reportedly well prepared for Brexit, but the company’s profitability will be compromised, EasyJet said. EasyJet expects the 2019 earnings to be hit by falling demand, due to economic uncertainty and Brexit. The airli...
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Comedian Zelenskiy Has a Overwhelming Lead in the Ukrainian Elections
1. 4. 2019 No Responses

Comedian Zelenskiy Has a Overwhelming Lead in the Ukrainian Elections

Volodymyr Zelenskiy, who coincidentally played the role of president in a television show as part of his comedy career, received 30.4% of the vote in the first round of presidential elections in Ukraine, according to opinion polls. The current president,...
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Biggest Decline in Global Trade Since 2009 Crisis
1. 4. 2019 No Responses

Biggest Decline in Global Trade Since 2009 Crisis

According to the Dutch Bureau for Economic Policy Analysis (CPB), world trade recorded biggest percentual drop since the global financial crisis of 2008-2009. A report released last week shows that world trade grew by 2.3% in January after the index...
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FAA Knew Of 737 MAX Trim Problems
31. 3. 2019 No Responses

FAA Knew Of 737 MAX Trim Problems

A recently discovered document proves that Boeing ignored requirements FAA and international regulators made when they certified Boeing’s 737 MAX airliner. The underlying problem: For commercial reasons Boeing wanted the new 737 MAX version to handle like th...
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The FCC Managed to Collect $6,790 from $208 Million It Has Fined Robocallers
31. 3. 2019 No Responses

The FCC Managed to Collect $6,790 from $208 Million It Has Fined Robocallers

The Federal Communications Commission (FCC) – the “independent agency” of the United States government, has managed to raise $6,790 of fines it has fined the companies and individuals for performing so-called robotic telephone calls. The tota...
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IPO valued Lyft at $ 24.3 billion
29. 3. 2019 No Responses

IPO valued Lyft at $ 24.3 billion

The initial public offering (IPO) valued Lyft at $24.3 billion. The pseudo-taxi operator’s shares will start trading on the stock exchange today, and the price of one stock was set at $72 for a large interest at a higher level...
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Ultra-low Cost Airline Wow Air Collapses, Cancels All Flights
28. 3. 2019 No Responses

Ultra-low Cost Airline Wow Air Collapses, Cancels All Flights

Icelandic Wow Air canceled all flights, telling travelers in foreign countries to apply for “emergency rates” at competing airlines and buy tickets again. Furthermore, the airlines said passengers who paid for airline tickets with credit cards or b...
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Saudi Aramco Buying 70% Of SABIC In $70 Billion Cash Deal
27. 3. 2019 No Responses

Saudi Aramco Buying 70% Of SABIC In $70 Billion Cash Deal

Saudi oil giant Saudi Aramco is acquiring a 70% stake in the country’s petrochemcial company Saudi Arabian Basic Industries Corporation (SABIC) from the country’s sovereign wealth fund, Aramco reported on its Twitter account shortly after Bloomberg...
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Airbus Received an Order from China Aviation Supplies for 300 Airliners
26. 3. 2019 No Responses

Airbus Received an Order from China Aviation Supplies for 300 Airliners

China Aviation Supplies ordered at Airbus 290 A320 * and 10 A350 XWB aircrafts. According to catalog prices, the order value is more than $35 billion. The order is larger than originally expected. Typically, for Chinese orders, a large quantity...
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Jim Rickards Warns “Bernanke Painted The FED Into a Corner & It Can’t Get Out”
25. 3. 2019 No Responses

Jim Rickards Warns “Bernanke Painted The FED Into a Corner & It Can’t Get Out”

Four time bestseller writer Jim Rickards says the FED “throwing in the towel” on rate hikes is signaling a big problem for the economy. Rickards says, “The FED was tightening to get ready for the next recession…” “You need to cut...
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Volvo’s Newest Safety Feature
23. 3. 2019 No Responses

Volvo’s Newest Safety Feature

Your New Volvo Will Soon Call The Cops On You If It Thinks You’ve Been Drinking Swedish Volvo has always been synonymous with safety in the automotive branch. Now, the Swedish automaker is taking stunning steps to push the borders...
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Marines Seize Tiny Pacific Island As Training For Real War
22. 3. 2019 No Responses

Marines Seize Tiny Pacific Island As Training For Real War

The 31st U.S. Marine Expeditionary Unit (31st MEU) seized a tiny island and airfield with special operations airmen and soldiers as part of a new island-hopping strategy. Last week, 31st MEU, backed by the 3rd Marine Division, 3rd Marine Logistics...
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Levi Strauss goes public, the IPO valuation is $ 6.6 billion
21. 3. 2019 No Responses

Levi Strauss goes public, the IPO valuation is $ 6.6 billion

Levi Strauss returns to the stock market after 34 years of absence. The clothing seller valued its initial public offering on Wednesday at $17 a share and valued the company at approximately $6.6 billion. This is a higher valuation than...
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