Category: Business

China’s Petro-Yuan Ambitions
7. 1. 2023 No Responses

China’s Petro-Yuan Ambitions

Credit Suisse’s Zoltan Pozsar said the de-dollarization of the global oil industry is in full swing–even if we can’t see the final end game from here. Some 40% of proven oil reserves belonging to OPEC+ members is owned by Russia,...
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FDA approves controversial new Alzheimer’s drug
6. 1. 2023 No Responses

FDA approves controversial new Alzheimer’s drug

The US Food and Drug Administration (FDA) on Friday approved a highly anticipated new drug designed to slow cognitive decline in patients in mild and early stages of Alzheimer’s disease. The FDA approval of the drug, Leqembi, also known as lecanemab, comes...
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Baltic Index Crashes Most On Record
5. 1. 2023 No Responses

Baltic Index Crashes Most On Record

The Baltic Exchange’s dry bulk sea freight index crashed on Tuesday in the worst decline on record, sinking on prospects of a global recession. Baltic Dry Good Index is a measure of global shipping and economic health. The overall index,...
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88% Of New Cars Sold In Norway Are EVs And PHEV
4. 1. 2023 No Responses

88% Of New Cars Sold In Norway Are EVs And PHEV

According to the Norwegian Road Federation (OFV), electric cars accounted for 79 percent of new passenger car registrations in 2022, and 87 percent when including plug-in hybrids. For some contrast in the United States, electric vehicles excluding hybrids ac...
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ExxonMobil Sues EU Over Investment-Destroying Windfall Profit Tax
29. 12. 2022 No Responses

ExxonMobil Sues EU Over Investment-Destroying Windfall Profit Tax

ExxonMobil Corp. is suing the European Union on the grounds that the 33% windfall tax will hinder investment. Exxon’s chief financial officer Kathryn Mikells said the tax could cost $2 billion between now and the end of next year. Exxon Mobil...
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SpaceX Launches Next-Gen Starlink Satellites Into New Low Earth Orbit
28. 12. 2022 No Responses

SpaceX Launches Next-Gen Starlink Satellites Into New Low Earth Orbit

Falcon 9 launches 54 Starlink satellites to low-Earth orbit; completes SpaceX’s 60th mission of 2022. Starlink has launched the first batch of next-generation satellites into orbit early Wednesday to add even more broadband capacity to the network. Around 04...
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China Starts Work On The World’s Largest Desert-Based Renewable Energy Project
27. 12. 2022 No Responses

China Starts Work On The World’s Largest Desert-Based Renewable Energy Project

China has broken ground on a renewable energy project worth an estimated $11 billion in the province of Inner Mongolia. According to a Bloomberg report, the project will have a capacity of 16 GW and produce some 40 billion kWh of...
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Russia Close To Legalizing International Trade In Bitcoin, Crypto
23. 12. 2022 No Responses

Russia Close To Legalizing International Trade In Bitcoin, Crypto

Russia’s Congressional finance committee chairman, Anatoly Aksakov, said the country is moving to greenlight international trade in cryptocurrency within the next month, according to a report by national news agency TASS. “In January, we want to legali...
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Musk Will Resign As Twitter CEO After ‘Finding Someone Foolish Enough To Take Job’
21. 12. 2022 No Responses

Musk Will Resign As Twitter CEO After ‘Finding Someone Foolish Enough To Take Job’

Elon Musk tweeted Tuesday night that he would step down from the CEO role at Twitter Inc. after finding a successor. This comes two days after he asked users whether he should step down — most respondents answered “Yes.” “I will...
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Dassault is preparing flagship bizjet Falcon 10X
20. 12. 2022 No Responses

Dassault is preparing flagship bizjet Falcon 10X

Dassault’s new flagship Falcon 10Xis going after the Bombardier Global 7500 and Gulfstream G700 to claim the title of the world’s largest business jet. The French airframe maker says the 10X will have the largest interior in its class. The...
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Two-Thirds Of Voters Believe Social Media Engaged In Politically-Motivated Censorship
19. 12. 2022 No Responses

Two-Thirds Of Voters Believe Social Media Engaged In Politically-Motivated Censorship

The December Harvard CAPS Harris Poll is out this week and Mark Penn and his colleagues have some interesting results to share. Despite the refusal of many in the media to cover the Twitter files, nearly two-thirds of voters believe Twitter shadow-banned us...
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BIS sets a limit of 2% on crypto reserves among commercial banks
18. 12. 2022 No Responses

BIS sets a limit of 2% on crypto reserves among commercial banks

Group of Central Bank Governors and Heads of Supervision (GHOS) of the Bank for International Settlements (BIS) sets a limit of 2% on crypto reserves among commercial banks. The new standard limits crypto reserves among banks to 2% by 2025,...
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Slovakia Ordered 152 Swedish IFVs CV90 Mk IV
14. 12. 2022 No Responses

Slovakia Ordered 152 Swedish IFVs CV90 Mk IV

Slovak Ministry of Defense announced that it had signed an agreement worth 1.37 billion USD for the delivery of 152 Swedish infantry fighting vehicles CV90 Mk IV. The Swedish Combat Vehicle 90 or CV90 has proven suitable for the subarctic...
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President Joe Biden announced a $36 billion bail-out of financially troubled pension plans
13. 12. 2022 No Responses

President Joe Biden announced a $36 billion bail-out of financially troubled pension plans

Pension funds need an annual profit of 6 to 7% to function. And how do you achieve that when government bonds have yielded 0 to 2% p.a. for the past 11 years? Yeah, using a government bail-out! The funds are...
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Turkish stealth UAV Kızılelma will be a substitute for the undelivered Lockheed Martin F-35 Lightning II
10. 12. 2022 No Responses

Turkish stealth UAV Kızılelma will be a substitute for the undelivered Lockheed Martin F-35 Lightning II

Turkish manufacturer Bayraktar announced that its first indigenous stealth supersonic unmanned fighter aircraft Bayraktar Kızılelma, has passed the first test runs. This is a very positive signal that the program is on the right track. Kızılelma is planned...
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