Category: Business

Pickup Trucks Lead US Auto Sales
2. 12. 2023 No Responses

Pickup Trucks Lead US Auto Sales

Celebrating its 75th anniversary this year, the Ford F-Series is no less than an American icon. Ford’s immensely popular line of pickup trucks has been the best-selling truck for 46 consecutive years and the country’s best-selling vehicle for the last 41 years. And...
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Russia’s economy growing 3 times faster than Eurozone’s
24. 11. 2023 No Responses

Russia’s economy growing 3 times faster than Eurozone’s

French investment firm Amundi: Russia’s economy is growing three times faster than that of the Eurozone, indicating an apparent failure of Western sanctions against Moscow over the war in Ukraine. According to the French investment firm Amundi, cited by Brit...
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$446 Billion: The solution to China’s real estate panic
22. 11. 2023 No Responses

$446 Billion: The solution to China’s real estate panic

Beijing announced the two-pronged approach over the past few weeks, which have top-level political backing for financing equivalent to approximately 10% of annual new home sales in what media described as the “Singapore” model. The plan is more of...
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Texas Attor­ney Gen­er­al Ken Pax­ton Sues Pfiz­er and Tris for Pro­vid­ing Adul­ter­at­ed Phar­ma­ceu­ti­cal Drugs to Children
21. 11. 2023 No Responses

Texas Attor­ney Gen­er­al Ken Pax­ton Sues Pfiz­er and Tris for Pro­vid­ing Adul­ter­at­ed Phar­ma­ceu­ti­cal Drugs to Children

The Office of the Attorney General’s Civil Medicaid Fraud Division has sued Pfizer, Inc., Tris Pharma, Inc. and Tris CEO Ketan Mehta for defrauding the Texas Medicaid program by providing adulterated pharmaceutical drugs to Texas children in violation of the...
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Iran unveils Fattah-2 hypersonic missile and Mehran air defense system
19. 11. 2023 No Responses

Iran unveils Fattah-2 hypersonic missile and Mehran air defense system

Iran’s IRGC has unveiled the homegrown Fattah-2 hypersonic missile as well as other new military achievements. Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei toured an exhibition showcasing the latest achievements of the IRGC Aerospace Force ...
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Samuel Altman fired as CEO of ChatGPT maker OpenAI
18. 11. 2023 No Responses

Samuel Altman fired as CEO of ChatGPT maker OpenAI

Official version: Sam Altman, the Silicon Valley CEO behind the artificial intelligence-powered chatbots ChatGPT and GPT-4, has been abruptly fired by his company’s board of directors in a major shakeup for the tech industry. Microsoft-backed OpenAI said on ...
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Fidelity files for spot Ethereum ETF
17. 11. 2023 No Responses

Fidelity files for spot Ethereum ETF

Fidelity Investment has filed for a spot ether ETF, following its spot bitcoin ETF application. Asset management giant Fidelity Investment has filed for a spot ether ETF, in the footsteps of its spot bitcoin ETF application. “To this point, approval...
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The COO and CFO of wind turbine company Ørsted have resigned
14. 11. 2023 No Responses

The COO and CFO of wind turbine company Ørsted have resigned

The inertia of C-class management thinking is a well-known phenomenon. Two C-class managers of Danish multinational wind turbine company Ørsted, CFO Daniel Lerup and COO Richard Hunter, are stepping down from their positions. The officially communicated reaso...
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China Unveils Plan To Mass Produce Human-like Robots
13. 11. 2023 No Responses

China Unveils Plan To Mass Produce Human-like Robots

China is setting out to mass produce human-like robots in two years, an ambitious plan that, according to a blueprint issued by the Ministry of Industry and Information Technology (MIIT), it hopes will make the regime in Beijing the leader...
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Turkish Airlines in Talks With Airbus to Purchase 355 Planes
12. 11. 2023 No Responses

Turkish Airlines in Talks With Airbus to Purchase 355 Planes

Order would be largest in the Turkish carrier’s history. Airline chairman talked in May of possible 600-plane order. Turkish Airlines is in talks with Airbus SE for what would be the biggest order in the carrier’s history if finalized. Management...
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Germany To Bail Out Siemens’ Desperate Wind Turbine Division
11. 11. 2023 No Responses

Germany To Bail Out Siemens’ Desperate Wind Turbine Division

As the top analyst here at the PressClub World predicted a few years ago, the Siemens wind turbine division is now a ‘hot potato’. Siemens Energy, facing significant losses, is in talks for up to 15 billion euros in guarantees,...
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Moody’s Cuts USA’s Aaa Rating Outlook To ‘Negative’
10. 11. 2023 No Responses

Moody’s Cuts USA’s Aaa Rating Outlook To ‘Negative’

After a disastrous 30Y bond auction this week, a collapse in Treasury market liquidity, and an accelerating rise in the market’s perception of the United States’ credit risk, Moody’s has just cut its outlook on US credit ratings to negative ...
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MBDA and PGZ sign $5 billion deal for Poland’s air defense
9. 11. 2023 No Responses

MBDA and PGZ sign $5 billion deal for Poland’s air defense

The U.K. arm of missile-maker MBDA and the Polish defense company PGZ have signed a contract to work on the next phase of Poland’s anti-air missile program, the two countries announced Wednesday. The deal, worth more than worth more than...
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JinkoSolar’s new PV panel: Conversion Efficiency of 26.89%
8. 11. 2023 No Responses

JinkoSolar’s new PV panel: Conversion Efficiency of 26.89%

JinkoSolar Holding Co., Ltd. (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it has achieved a major technical breakthrough for its 182 mm high-efficiency N-type monocrystalline silicon solar ce...
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WeWork’s collapse: A story of unchecked ambition and KCS corporate governance
7. 11. 2023 No Responses

WeWork’s collapse: A story of unchecked ambition and KCS corporate governance

January 2019 marked a high point for WeWork. Still a startup, the New York-based firm had secured funding of $10 billion from the Softbank Group and had attained an after-funding valuation of $47 billion. At the time, this made it...
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