June 2019 – Page 2 – PressClub World

14. 6. 2019 No Responses

Facebook’s cryptocurrency Libra to debut next week

Facebook’s cryptocurrency Libra to debut next week backed by Visa, Mastercard, Uber, and others, with a launch to follow in 2020. Facebook has secured the backing of over a dozen companies for its upcoming Libra cryptocurrency set to be announced next...

13. 6. 2019 No Responses

Huawei Demands Verizon Pay $1 Billion For Using 230 Patents

Huawei has hit upon a new strategy for fighting back against the US: leveraging its massive suite of technology patents to try and force American competitors to fork over billions of dollars. And its first target is Verizon, one of its biggest American...

12. 6. 2019 No Responses

Venezuela’s Inflation Finally Drops Below 1 Million Percent

Annual inflation in the country has dropped below one million percent in May for the first time since 2018, Reuters reports. And how did the country magically start to rope in inflation? The central bank restricted the domestic money supply &#8211...

10. 6. 2019 No Responses

United Technologies, Raytheon Combine Into Aerospace, Defense Giant

United Technologies and Raytheon agree to all-stock merger that would create aerospace behemoth. Raytheon and United Technologies on Sunday announced they would merge in an all-stock deal, a tie-up that would create a behemoth in the fast-growing defense and a...

9. 6. 2019 No Responses

9 in 10 US shale oil companies are burning cash

Recently released data, which confirmed dismal first quarter earnings, only served to cement negative market sentiment. While shale operators continue to focus on improving capital efficiency, investors are putting the industry under extreme pressure, leaving...

8. 6. 2019 No Responses

India’s Draconian Anti-Crypto Bill Proposes 10-Yr Prison for Crypto Adopters

Lawmakers in India have proposed a bill which would see crypto ownership made completely illegal, with as much as a 10-year prison sentence for anyone caught holding cryptos. This coincides directly with India’s plans to launch its own state-backed cryptocur...

7. 6. 2019 No Responses

Trump as Stocks Analysts: “Stocks Would Be 10,000 Points Higher If Fed Kept Rates Lower”

Barclays is currently forecasting three rate cuts before the end of the year. Now, strategists at the big banks are scrambling to adjust their forecasts fast enough: The team at the biggest American bank by assets in the US now...

7. 6. 2019 No Responses

How the Fiat Chrysler and Renault Merger Deal Vaporized

France government wanted a commitment from Renault partner Nissan Motor Co. to back the merger. Abstention, as signaled earlier by the Japanese management — wasn’t good enough. French side fearing that Nissan might begin torpedoing the alliance. It qui...

6. 6. 2019 No Responses

Heavy Duty Truck Orders Collapse, Down 70% Y/Y

A bloated backlog of Class 8 orders as a result of a euphoric mid-2018 continues to weigh on heavy duty truck orders in 2019. Preliminary North America Class 8 net order data from ACT Research shows that the industry booked just 10,800 units...

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...

2. 6. 2019 No Responses

New Low-Temp Plasma Project: SAFIRE

Montgomery Childs of the SAFIRE Project gives a walkthrough of the SAFIRE lab in which they are attempting to replicate the mechanism of the Sun which they theorize that the Sun: “is a positively charged force in a generally negatively...

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