EU court orders EU states to label illegal Israeli settlement products

EU court orders EU states to label illegal Israeli settlement products

The European Union’s top court has issued a landmark ruling, ordering EU states to label food products from illegal Israeli settlements in the occupied Palestinian territories. In a statement announcing its decision on Tuesday, the European Court of Justice (ECJ) said...
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WeWork CEO Wants to Be ‘President of the World’

WeWork CEO Wants to Be ‘President of the World’

Adam Neumann – playboy from Tel Aviv and WeWork ousted CEO wants to be Israel’s prime minister and President of the World. The lengthy Wall Street Journal profile published Wednesday paints a rather comprehensive image of WeWork co-founder Adam Neum...
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SoftBank lost at least $4.7 billion by investing in WeWork

SoftBank lost at least $4.7 billion by investing in WeWork

‘I shut my eyes,’ SoftBank CEO Masayoshi Son says after losing more than $4.7 billion on playboy from Tel Aviv and his creature WeWork. SoftBank lost at least $4.7 billion by investing in WeWork after the shared-workspace group’s initial pub...
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Exxon Mobil earnings drop 49% in the third quarter

Exxon Mobil earnings drop 49% in the third quarter

Exxon Mobil reported a 49% decline in third-quarter earnings on lower oil prices and higher costs. The company reported 75 cents in earnings and $65.05 billion in revenue, which did top analyst expectations. “We are making excellent progress on our...
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GE to lose $1.4 billion this year from Boeing 737 Max grounding

GE to lose $1.4 billion this year from Boeing 737 Max grounding

GE manufactures the LEAP engines used for Boeing’s 737 Max airplane, which has been grounded worldwide following two deadly crashes in the past year. “We still expect this year to be impacted to the tune of about negative $1.4 billion”...
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Fiat Chrysler in merger talks with French automaker Peugeot

Fiat Chrysler in merger talks with French automaker Peugeot

FCA – Fiat Chrysler and Peugeot owner PSA Groupe are in merger talks, the companies confirmed Wednesday. The companies issued separate, nearly identical statements, signifying a coordinated messaging strategy, with Italian-American automaker FCA addin...
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Verizon reports strong 3Q results propelled by wireless customer growth

Verizon reports strong 3Q results propelled by wireless customer growth

Highest third-quarter phone gross adds in five years, increased wireless net additions and EPS growth. Verizon Communications Inc. notched large gains in phone subscribers in the third quarter, aided by a revamp of its unlimited data plans that shaved about $...
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Asset Bubbles No Longer Work As A Cure For Growth

Asset Bubbles No Longer Work As A Cure For Growth

If there was one message that resonated from the IMF meetings, it was that what we are doing isn’t working. Acknowledging that fact is every bit as important as the forecasts of dour prospects for global growth and the risks of excess leverage. You...
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Cannes Yachting Festival Management Decision Further Delayed

Cannes Yachting Festival Management Decision Further Delayed

The long-running legal dispute between the Fédération des Industries Nautique and show organiser Reed Exhibitions France will not be heard by the Paris Court of Appeals until December 2020 The three-year legal battle between the Fédération des Industries N...
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All Foreign Troops “With Illegal Presence” Should Leave Syria

All Foreign Troops “With Illegal Presence” Should Leave Syria

Russia’s response to the White House’s late Sunday shock announcement saying “Turkey will soon be moving forward with its long-planned operation into Northern Syria” has been relatively muted. Though Trump reportedly told Erdogan the US won&#...
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Salesforce founder Benioff says ‘capitalism as we know it is dead’

Salesforce founder Benioff says ‘capitalism as we know it is dead’

Marc Benioff: I really strongly believe that capitalism as we know it is dead…that we’re going to see a new kind of capitalism and that new kind of capitalism that’s going to emerge is not the Milton Friedman capitalism that’s just...
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Obsolete UH-1 Replacement Boeing MH-139 Helo to Start Testing in December

Obsolete UH-1 Replacement Boeing MH-139 Helo to Start Testing in December

The Air Force will receive its first MH-139 helicopter for testing in December, as it enters the next phase of the $2.4 billion effort to replace the obsolete Vietnam-era UH-1N Hueys, the head of Air Force Global Strike Command said...
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The Average American Household Income Is Unchanged In 30 Years

The Average American Household Income Is Unchanged In 30 Years

The Average American’s Income Is Unchanged In 30 Years. While The “1%” Have Soared. According to the latest Census Bureau figures released this month, real American incomes remained essentially flat in 2018 after three straight years of growt...
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Chinese Companies Dump $40 Billion In Global Assets

Chinese Companies Dump $40 Billion In Global Assets

Chinese Companies Dump $40 Billion In Global Assets, China Turn Net Seller For First Time In Decades At the behest of the Communist Party leadership, Chinese conglomerates and investor groups have this year transformed from sometimes overeager spree buyers of....
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Heavy-Duty Truck Orders Collapsed 80% Y/Y

Heavy-Duty Truck Orders Collapsed 80% Y/Y

Production slashed, cancellation orders soar.  New reports from the trucking industry show the transportation recession continues to gain momentum through the end of summer, likely to continue through 2019 into 1H20. The US trucking industry had a blockbuster...
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