Business – PressClub World

9. 4. 2024 No Responses

Boeing whistleblower claims that Boeing’s 787 Dreamliner is flawed

The engineer, Sam Salehpour, internally raised his concerns about the jets but was “threatened and silenced by Boeing,” his lawyers alleged. After the company attempted to intimidate him, Salehpour alerted the Federal Aviation Administration (FAA), other government officials and the...

23. 3. 2024 No Responses

Top 50 Largest Banks

In this graphic, Visual Capitalist list the top 50 banks in the world by consolidated assets, based on a 2023 report from S&P Global Market Intelligence. The data represents each bank’s total assets for the most recent period available. According...

22. 3. 2024 No Responses

Intel: $36 Billion Hillsboro Investment

Intel announces $36 Billion Hillsboro investment following $8.5 Billion federal funding commitments. Oregon is one of the four states getting a share of $100 billion in planned spending by the tech giant. Intel is rolling out $100 billion in spending...

21. 3. 2024 No Responses

MQ-9B SeaGuardian Drone Tested in ASW Role

On Feb. 27, 2024, General Atomics Aeronautical Systems, Inc. (GA-ASI), in cooperation with the Naval Air Systems Command (NAVAIR), conducted a series of tests on GA-ASI’s Sonobuoy Dispensing System (SDS) using the MQ-9B SeaGuardian® Unmanned Aircraft System...

20. 3. 2024 No Responses

US Aims To Restock Strategic Oil Reserves By Year-End

The Biden admin aims to have crude in the SPR back up to the levels before the massive sales of 180 million barrels in the past two years, U.S. Energy Secretary Jennifer Granholm said at the CERAWeek energy conference in Houston. The...

17. 3. 2024 No Responses

NTSB: Boeing “unable to find the records documenting” repair work on 737 Max 9

A government investigation into a Boeing 737 Max 9 plane’s door-plug blowout has been hampered by a lack of repair records and security camera footage, the National Transportation Safety Board’s chair told US senators. Boeing was “unable to f...

14. 3. 2024 No Responses

India approves full development of 5th gen fighter

India’s Cabinet Committee on Security has given a green light to continue development of the Advanced Medium Combat Aircraft, India’s indigenous fifth-generation fighter jet. The state-run Aeronautical Development Agency and Hindustan Aeronautics Ltd. are ...

19. 2. 2024 No Responses

IRGC Navy Takes Delivery of Two New Stealth Warships

The Islamic Revolutionary Guard Corps’ Navy has taken delivery of two new Soleimani-class corvettes, with the vessels, the Sayyad Shirazi and the Hassan Bagheri, inaugurated at a ceremony in the southern port city of Bandar Abbas on Monday. The uniqu...

15. 2. 2024 No Responses

Buffett’s Berkshire Increases Stake in Chevron and Occidental

Warren Buffett’s Berkshire Hathaway portfolio in Q4 2023, as of Dec 31, 2023 was valued as $347.4 billion. Among the notable changes, Berkshire sold out of its entire stake in homebuilder DR Horton (valued at $641MM in Q3), Markel ($234MM), StoneCo...

2. 1. 2024 No Responses

China’s BYD poised to overtake Tesla as world’s largest maker of pure-electric vehicles

The Chinese carmaker’s global fourth-quarter deliveries rose 22 per cent from the previous quarter, when they nearly matched Tesla’s total. BYD, already the world’s largest producer of electric vehicles (EVs) – a category that includes plug-in hybrid...