Business – Page 38 – PressClub World

31. 1. 2020 No Responses

Billionaire Lawrence Stroll Rescues Iconic Aston Martin With $657M Bailout

Confirmed by a London Stock Exchange filing on Friday morning, a group of investors led by Canadian billionaire, fashion tycoon, and Racing Point Formula 1 team owner Lawrence Stroll just took a 16.7% stake in Aston Martin for the British equivalent of...

30. 1. 2020 No Responses

General Electric Is Considering Sale of Steam Turbine Unit to Raise Cash

General Electric (ticker: GE) shares fell as a report said the industrial giant plans to explore a sale of its steam-turbine power business. Desperate GE is weighing whether to sell its hopeless steam-turbine unit as CEO Larry Culp mulls ways to raise...

27. 1. 2020 No Responses

US Spy Plane Bombardier E-11 BACN Crashed In Taliban Controlled Area Of Afghanistan

Airliner crash originally reported by Afghan media now appears to be a USAF spy aircraft. Wreck of plane crashed today in Afghanistan looks like to be a USAF Bombardier Global Express 6000 / E-11A “BACN” (Battlefield Airborne Communications Node). ...

23. 1. 2020 No Responses

WHO praises China’s ‘strong action’ to quarantine 11mn in Wuhan

The World Health Organization (WHO) has commended China’s swift response to a rapidly moving virus gripping the country, but despite a quick-climbing infection tally, the agency is reluctant to classify it a global health threat. “What they are doing is...

23. 1. 2020 No Responses

EU could waste €29bn on gas projects

32 schemes eligible for funding despite being unnecessary under move from fossil fuels. The European Union risks wasting €29bn (£25bn) of taxpayers’ money by overinvesting in gas projects which will be unnecessary under Europe’s climate action plans, ac...

22. 1. 2020 No Responses

Trump Threatens to Slap 25% Tariffs on European Cars if No US-EU Trade Deal

The Trump administration has long accused the EU of too much positive trade balance surplus and has clashed with its trans-Atlantic allies over state subsidies to manufacturers and taxes on US tech companies. Donald Trump on Wednesday renewed his threat...

20. 1. 2020 No Responses

IMF boss Georgieva says global economy risks return of Great Depression

The head of the International Monetary Fund has warned that the global economy risks a return of the Great Depression, driven by inequality and financial sector instability. Speaking at the Peterson Institute of International Economics in Washington, Kristalin...

16. 1. 2020 No Responses

PSA Group’s sales slump 10% in 2019

French carmaker PSA Group (Peugeot Citroen Opel) said on Thursday global sales fell 10% last year to 3.49 million units, compared with a record 3.88 million in 2018, as it suffered from declining volumes in China, the Middle East and...

15. 1. 2020 No Responses

33 Disinformation Schemes

33 Disinformation Schemes Used By Wall Street, Corporate America, & The ZioMedia This is a collection of 33 tactics, instances, misnomers, immortal fake propaganda, and even wrong-doing cropping up ceaselessly on Wall Street, in press releases, in earning...

14. 1. 2020 No Responses

US federal budget deficit surpassed $1 TRILLION in 2019

US federal budget deficit surpassed $1 Trillion in 2019, reaching 7-year high. The US government budget deficit for the calendar year that ended in December topped $1 trillion for the first time since 2012, according to US Treasury Department data released...

14. 1. 2020 No Responses

Nissan and Renault dismiss reports of possible break-up

French carmaker Renault and Japanese partner Nissan said on Tuesday their alliance was in no danger of being dissolved. The announcement follows a Financial Times report that Nissan was beefing up plans to quit. The alliance, which also includes Japan’s...

10. 1. 2020 No Responses

This Plane Was Designed By Clowns, Who Are Supervised By Monkeys

This Plane Was Designed By Clowns, Who Are Supervised By Monkeys – reveals internal e-mails written by Boeing employees. In recent weeks, a series of reports claiming Boeing neglected to turn over critical information to the FAA regarding the developme...

7. 1. 2020 No Responses

FAA confirms new potentially catastrophic issue with Boeing 737 MAX wiring

The US Federal Aviation Administration (FAA) and plane manufacturer Boeing have confirmed a full review is underway into a wiring issue that could cause a ‘potentially catastrophic’ short circuiting on 737 MAX 8 aircraft. It comes as the aircraft t...

2. 1. 2020 No Responses

Airbus Deliveries Soar To Record High As Boeing’s Fades

A new report from Reuters specifies how Airbus locked in a record number of aircraft deliveries in Dec. to exceed full-year delivery targets while outshining troubled Boeing in becoming the world’s top planemaker. By midnight on New Year’s Eve, A...

30. 12. 2019 No Responses

What would real house prices look like in a world without bubbles?

The Great Recession was not caused by a the bursting of a housing bubble, because there was no bubble. It was caused by tight money supply. Unaffordable housing is the macroeconomic story of our time. It is interesting that housing...

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