Emirates ordered 40 A330-900, 30 A350-900, Airbus to finish A380 production

Emirates ordered 40 A330-900, 30 A350-900, Airbus to finish A380 production

Emirates has today agreed to order 40 twin-engined Airbus A330-900 and 30 twin-engined new-generation Airbus A350-900 aircrafts. The total value of the order according to catalog prices is $21.4 billion. Airlines, however, usually receive large discounts from manufacturers, with large...
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France Mulls EdF De-Listing

France Mulls EdF De-Listing

The French government is considering buying out minority shareholders of EdF (Electricite de France SA), amid nuclear challenge. It’s the first step in a corporate restructuring to address the challenge of replacing the country’s nuclear-powerplants. T...
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Spain Plans to Close All Nuclear Plants by 2035

Spain Plans to Close All Nuclear Plants by 2035

Spanish government to close all seven of its nuclear plants between 2025 and 2035 as part of plans to generate all the country’s electricity from renewable sources by 2050. Energy Minister Teresa Ribera just announced the move, as the Socialist...
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Today Is The 20 Year Anniversary Of The Bank Of Japan Cutting Rates To 0%

Today Is The 20 Year Anniversary Of The Bank Of Japan Cutting Rates To 0%

It is a bit of a memorable anniversary for financial markets – it’s the 20-year anniversary of the Bank of Japan cutting rates to 0% and the start of two decades of extreme monetary policy which Japan has not been able...
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Should California bail out Pacific Gas & Electric?

Should California bail out Pacific Gas & Electric?

It’s a big dilemma because PG&E is seen as TBTF (too big to fail). It provides natural gas and electricity for 16 million people — 40% of the California state. But the utility’s poorly maintained equipment has caused numerous devastating...
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Driverless delivery startup Nuro raises almost $1 billion from SoftBank

Driverless delivery startup Nuro raises almost $1 billion from SoftBank

Nuro is already testing fully driverless grocery deliveries in the Phoenix area on public roads. The autonomous delivery startup Nuro has raised $940 million from The Softbank Vision Fund, making it one of the most generously funded startups in the driverless...
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The Great Japanese Gold Trade Of 1859

The Great Japanese Gold Trade Of 1859

The price of gold is $1,314 per ounce right now. But imagine if there was one place in the world – say Japan – where you could buy an ounce of gold for a fraction of that, $400. By exporting...
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Emirates weighs killing A380 for A350 or A330neo

Emirates weighs killing A380 for A350 or A330neo

The superjumbo Airbus A380 is the poster child of Emirates’ global reach with 109 flying machines at the airline. And the coming 777X is defined as it is thanks to the trio’s geography. A requirement for sporty performance in 120-degree...
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Eurozone banks stop issuing €500 notes, although cash-loving Germany delays

Eurozone banks stop issuing €500 notes, although cash-loving Germany delays

Germans love their cash and many were not happy when the European Central Bank decided to stop issuing the €500 note. As the rest of the eurozone says goodbye, Germany is delaying its final farewell until April. Central banks in...
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Tata group is India’s most valuable brand

Tata group is India’s most valuable brand

At $19.5 billion, Tata group is India’s most valuable brand. The value of the brand Tata has soared 37 per cent to $19.5 billion in 2019, helping the conglomerate break into the top-100 in a global brands list. The salt-to-software...
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Hyundai Motor suffers first net loss in 8 years as China sales skid 23%

Hyundai Motor suffers first net loss in 8 years as China sales skid 23%

Hyundai Motor Q4 net loss 129.8 Billion won vs profit expected Company’s China vehicle sales slide 23% in Q4 Analysts skeptical of strong Hyundai earnings recovery this year South Korea’s Hyundai Motor surprised the market on Thursday by posting it...
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Living in the Cayman Islands

Living in the Cayman Islands

  About day-to-day living in the Cayman Islands. If you are only on recreation at Cayman Islands and you control your broker accounts remotely, no special permission is required here. If you work here in the Hedge Fund sector or...
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France presses Japan to accept Renault-Nissan merger

France presses Japan to accept Renault-Nissan merger

Paris informs Tokyo it wants Renault and Nissan to integrate The French government has asked Japan company to accept a possible merger between Renault SA and Nissan Motor Co. following the arrest of Carlos Ghosn, who had managed the alliance...
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Foxconn Cuts 50,000 Jobs Due To iPhone Sales Slowdown

Foxconn Cuts 50,000 Jobs Due To iPhone Sales Slowdown

In the latest indication that the slump in sales of Apple’s most recent batch of iPhones isn’t a transitory trend, Nikkei Asia Review on Friday reported that Foxconn, one of Apple’s biggest and most important iPhone suppliers, is cutting seas...
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