Business – Page 19 – PressClub World

16. 3. 2022 No Responses

BMW, VW, Skoda Suspend Manufacturing

European automobile manufacturers are suspending the operation of a number of plants due to a shortage of parts delivered from Ukraine. “The problem with wire harnesses is that they are fundamental,” Alexandre Marian, a managing director at consultancy AlixPartners said....

15. 3. 2022 No Responses

NLAW, Javelin, Starstreak: 2,000 pieces of weaponry sent to Ukraine

Western countries have sent more than 200,000 pieces of weaponry to Ukraine. From anti-tank missiles to rifles and ammunition, thousands of pieces of equipment have been pledged and sent to help Ukraine in its fight against Russian forces. The UK...

14. 3. 2022 No Responses

Airline lessors set to lose more than 500 planes and $12 billion

More than 500 aircraft leased to Russian airlines by companies based in the West are in danger of never coming out of Russia. Companies that lease airliners to Russian airlines such as Aeroflot and S7 (airline aircraft are routinely operated...

13. 3. 2022 No Responses

Warren Buffett accumulated another $1 billion in Occidental shares

In total, Berkshire now reports owning 136.4 million common shares of the oil giant, currently valued at $7.2 billion. That represents more than 13% of OXY’s outstanding shares. Berkshire also holds warrants to buy nearly 84 million more shares at...

1. 3. 2022 No Responses

Oil Prices Soar Despite Petroleum Reserve Release

Crude prices continued to rally on Tuesday morning despite the news of concerted SPR releases. The IEA Ministerial Meeting being held on Tuesday has resulted in an agreement of some of its members to release 60 million barrels of crude...

15. 2. 2022 No Responses

Banks Inject $1.5 Trillion In Coal Sector

Despite pledges from many banks that they would review, limit, or phase out coal financing in the energy transition, lenders have financed the coal industry globally with $1.5 trillion since 2019, a report from Germany-based NGO Urgewald cited by Bloomberg sh...

14. 2. 2022 No Responses

Even OPEC Said Oil Prices Are Too High

OPEC’s head, Mohamed Barkindo, said the cartel was making an effort to ensure supply. “There’s no doubt that we are concerned with ensuring that the security of supply is also guaranteed,” he said during the same event, EGYPS 2022. OPEC and its...

10. 2. 2022 No Responses

Former US Rep: China’s Digital Currency Is A Surveillance Tool

Beijing’s new digital currency is a tool that could prop up authoritarian regimes around the world, including China, and the Chinese paperless money could also undermine U.S. leadership in finance, warned a global finance professional. “This is a surveilla...

9. 2. 2022 No Responses

China Injects $1 Trillion In Biggest Monthly Credit Surge On Record

While Wall Street is being torn apart by fierce debate whether the upcoming “six or seven” in rate hikes coupled with $2.5 trillion in QT over the next two years will blow up US capital markets, overnight China showed how...

8. 2. 2022 No Responses

Microsoft Looking To Hire ‘Head Of Crypto’

Microsoft published a job opening looking for a director of crypto development. According to the posting, the software giant is looking for a business development director to assist the company in the field of cryptocurrencies and – most importantly &#8...

28. 1. 2022 No Responses

F-35 Lightning II seconds before crash

A video has surfaced online showing one of the most advanced US fighter jets, the F-35C Lightning II, crashing into the deck of an aircraft carrier in the South China Sea. The footage, along with a photo showing the wreckage...

15. 1. 2022 No Responses

Poll Finds Only 10% Of Americans Trust ZioMedia Octopus

A new poll has found that just 10 per cent of Americans trust the media when it comes to information about COVID-19, while just over 30 per cent trust Anthony Fauci. The survey was conducted by NewsNation/Decision Desk HQ. It asked...

14. 1. 2022 No Responses

Ford’s market cap tops $100 billion for first time ever

Ford’s market value topped $100 billion for the first time ever, as the automaker’s stock hit a new 52-week high Thursday. The gains have been fueled by Ford’s plans to increase production of electric vehicles, including the Mustang Mach-E crosso...

10. 1. 2022 No Responses

Distribution of Bitcoin mining hashrate

Distribution of Bitcoin mining hashrate from September 2019 to April 2021, by country: Most Bitcoin mining occurred in China, according to IP addresses from so-called hashers that used certain Bitcoin mining pools in 2021. Likely this is connected to energy p...

9. 1. 2022 No Responses

Outgoing Fed Vice Chair Quietly Covered Up Suspicious Trades Made During March 2020 Market Rout

Several months have passed since FOMC members Boston Fed President Eric Rosengren and Dallas Fed President Robert Kaplan abandoned their posts following a trading scandal that raised questions about senior Fed officials. Now, Richard Clarida, who is already on...

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