Microsoft is letting more employees work from home permanently

Microsoft is letting more employees work from home permanently

Microsoft is allowing more of its employees to work from home permanently, the company announced Friday. While the vast majority of Microsoft employees are still working from home during the ongoing pandemic, the software maker has unveiled “hybrid workplace” guidance internally...
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Germany walks away from Lockheed, Boeing cargo helicopter offers

Germany walks away from Lockheed, Boeing cargo helicopter offers

The German Defence Ministry wants to start fresh on a new heavy transport helicopter after finding that offers from American firms Boeing and Lockheed Martin for the Chinook and the King Stallion, respectively, were too expensive, officials announced Tuesday. ...
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ECB Trademarks “Digital Euro”, Is Preparing a Digital Currency Launch

ECB Trademarks “Digital Euro”, Is Preparing a Digital Currency Launch

Although commercial banks have shown fanatical opposition to all digital currencies, the ECB is now the leader. As the world obsesses over Trump’s taxes or whether or not he is using oxygen during his covid hospitalization, the biggest overhaul in...
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JPMorgan to pay $920 million for manipulating precious metals and treasury market

JPMorgan to pay $920 million for manipulating precious metals and treasury market

The bank engaged in “spoofing”, a manipulative practice designed to create illusion of demand, or lack thereof. JPMorgan Chase & Co has agreed to pay more than $920 million and admitted to wrongdoing to settle federal U.S. market manipulation ...
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NASDAQ Shorts Hit Second Highest Ever

NASDAQ Shorts Hit Second Highest Ever

One week after one of the biggest inflows into stock funds on record – when retail traders furiously BTFD in hopes the market’s upward momentum would accelerate – speculators hit a brick wall and reversed furiously as stocks slumped, with...
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GE will stop building coal-fired power plants

GE will stop building coal-fired power plants

In a very slow reversal, one of the world’s biggest makers of coal-fired power plants is to exit the market and focus on greener alternatives. US industrial giant General Electric said it would shut or sell sites as it prioritised...
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Raytheon to axe more than 15,000 jobs

Raytheon to axe more than 15,000 jobs

Raytheon Technologies Corp. plans to eliminate more than 15,000 jobs this year at its corporate offices, jet engine-maker Pratt & Whitney and aviation and military equipment manufacturer Collins Aerospace amid a broad downturn in the airline industry Total...
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Volkswagen’s Traton ups bid for Navistar to $3.6 billion

Volkswagen’s Traton ups bid for Navistar to $3.6 billion

Traton SE announced that it increased its offer for the acquisition of all outstanding shares of truck manufacturer Navistar International Corp. to $43 a share in cash from $35 a share. Volkswagen AG-subsidiary Traton already holds 16.8% of Illinois-based Navi...
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General Motors takes $2 billion stake in waporware company Nikola

General Motors takes $2 billion stake in waporware company Nikola

Nikola and General Motors today announced a strategic partnership. Through the deal, GM gets 11% ownership in startup Nikola, and will, in turn, produce Nikola’s wild fuel cell pickup truck by the end of 2022. Both companies’ shares jumped on...
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Hypersonic Weapons from Lockheed and Raytheon

Hypersonic Weapons from Lockheed and Raytheon

New hypersonic weapons from Lockheed Martin (ticker: LMT) and Raytheon Technologies (ticker: RTX) are ready for powered flight tests by the end of the year. The two variants of the Hypersonic Air-breathing Weapon Concept (HAWC) have successfully flown ca...
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Comac C919: A Competitor to Airbus and Boeing

Comac C919: A Competitor to Airbus and Boeing

As of the beginning of this year, more than 200 extra airports were scheduled to be built in China over the next 15 years to cope with the relentless growth spurt. And, not so long ago, Boeing’s 2019-2038 Commercial Market...
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U.S. Sanctions Top International Criminal Court Prosecutor

U.S. Sanctions Top International Criminal Court Prosecutor

No, this time the ICC is not investigating 72 years of ethnic cleansing against the indigenous Semitic population. This time in the ICC’s viewfinder are only minor war crimes committed by our venerable allies during the endless war in Afghanistan. It&#8...
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Amazon gets FAA approval to deliver packages by flying drones

Amazon gets FAA approval to deliver packages by flying drones

The Federal Aviation Administration officially designated the Amazon an “air carrier” on Monday, paving the way for Amazon to start testing its plans to drop off packages within 30 minutes. The FAA’s approval marks a huge milestone for Amazon’s CEO...
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Morgan Stanley: Oilfield Services Say Goodbye To $45 Billion In Assets

Morgan Stanley: Oilfield Services Say Goodbye To $45 Billion In Assets

The Big Three in the oilfield services industry wrote down $45 billion in assets over the past year as their clients tightened their belts, according to Morgan Stanley, cited by Bloomberg. The three largest oilfield services providers in the world are Schlum...
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Oracle Readies $20 Billion Bid For TikTok

Oracle Readies $20 Billion Bid For TikTok

TikTok CEO Kevin Mayer decided to step aside after being cut out of buyout talks involving Microsoft. At least that’s one version of the story. There’s been some other TikTok deal-related news Thursday morning, with Oracle reportedly readying a $20...
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