Miroslav Novotný – Page 3

5. 2. 2019 No Responses

Flotilla of tankers with Venezuelan oil stranded in Gulf of Mexico

The Suezmax sized oil tanker Karvounis lies at anchor stranded off the coast of Louisiana for lack of a bank letter of credit to discharge its cargo of Venezuelan heavy crude, south of Port Fourchon. A flotilla loaded with about...

4. 2. 2019 No Responses

Ford sales rise about 7% in January, GM down 7%

Ford and GM are no longer announcing monthly sales but Bloomberg sources say Ford was up about 7% and GM down about 7%. Earlier Volkswagen was reported down 6.7% so the consumer is looking a tad soft to start the...

4. 2. 2019 No Responses

Ryanair slips into the red

The low-cost carrier issues a dark outlook and warns that the risk of a no-deal Brexit remains “worryingly high”. Ryanair slipped to a quarterly loss of €19.6m (£17.2m) after competition pushed down air fares across Europe. The company has reite...

3. 2. 2019 No Responses

As US Freezes, This Is Where Europeans Can’t Afford To Heat Their Homes

3. 2. 2019 No Responses

10-year Treasury yield logs largest weekly drop in a month

Bonds contend with a turbulent week. Treasury yields rose sharply Friday as a round of solid economic data from U.S. factories and households helped to pare back the bond-market’s midweek rally, after the Federal Reserve signaled a more dovish policy...

2. 2. 2019 No Responses

EU Parliament lectures world on rule of law, then destroys legality in Venezuela

It’s a some degree of moral disgrace when the EU Parliament, which lectures the world on the need to respect the rule of law, uses legal language to tell lies about the legality of the situation in Venezuela, and to...

2. 2. 2019 No Responses

2,100 people lost their jobs in a media landslide this year

The media industry seemed to be in freefall following the announcement that Vice Media would cut 10% of its staff and that McClatchy Company offered buyouts to 450 employees, bringing the total number of media jobs cut in 2019 to...

30. 1. 2019 No Responses

Volkswagen is close to hiring banks for Truck Unit IPO

German Volkswagen AG is supposedly close to hiring banks and advisers to work on an IPO (initial public offering) for its heavy-truck division. Citigroup Inc., Deutsche Bank AG, Goldman Sachs Group Inc. and JPMorgan Chase & Co. are likely to...

29. 1. 2019 No Responses

PG&E Files For Bankruptcy Protection With $50 Billion In Debt

In what’s expected to be one of the most complicated bankruptcies in recent memory thanks to the involvement of indignant state and federal regulators, activist shareholders, worried bond holders and angry fire victims, PG&E has officially filed for ...

26. 1. 2019 No Responses

German expert panel agrees on 2038 deadline to end coal use

In a pioneering move, a government-appointed panel on Saturday recommended that Germany stop burning coal to generate electricity by 2038 at the latest, as part of efforts to curb climate change. The so-called Coal Commission reached agreement in the early...

24. 1. 2019 No Responses

Salesforce CEO calls artificial intelligence a ‘new human right’

Artificial intelligence is a “new human right” that everyone should have access to, Salesforce CEO Marc Benioff said at the World Economic Forum in Davos on Wednesday. Otherwise, “those with access to A.I. will be smarter, healthier, and rich...

23. 1. 2019 No Responses

South Korea retained the global crown in the 2019 Bloomberg Innovation Index

South Korea retained the global crown in the 2019 Bloomberg Innovation Index, though improvements by Germany in research and education brought Europe’s largest economy to near-parity in the annual ranking. The U.S. moved up to eighth place, a year after...

9. 1. 2019 No Responses

$3.5 Trillion A Year – America’s Health Care System

If the U.S. health care system was a country, it would have the fifth largest GDP on the entire planet. At this point only the United States, China, Japan and Germany have a GDP that is larger than the 3.5 trillion...

9. 1. 2019 No Responses

Apples Cuts iPhone Production For Second Time In 2 Months

In the latest batch of bad news for Apple and its suppliers, Nikkei reported late Tuesday that, for the second time in two months, the world’s formerly biggest company has cut production on its newest batch of smartphones (which it unveiled during a...

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