Category: Business

Germany’s Uniper To Invest $8.8 Billion In Green Energy
1. 8. 2023 No Responses

Germany’s Uniper To Invest $8.8 Billion In Green Energy

German energy giant Uniper, which was bailed out by the government last year, pledged on Tuesday to invest more than $8.8 billion (8 billion euros) in green energy by 2030 as it looks to become a greener energy provider faster than previously...
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NHTSA Wants 58 MPG Fuel Efficiency Standard By 2032
31. 7. 2023 No Responses

NHTSA Wants 58 MPG Fuel Efficiency Standard By 2032

National Highway Traffic Safety Administration (NHTSA) announced a proposal to require raising fuel economy standards to 58 miles per gallon. The proposal, from the Department of Transportation’s National Highway Traffic Safety Administration (NHTSA), wo...
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Boeing To Increase Production Rates Of 737 MAX And 787 Jets
30. 7. 2023 No Responses

Boeing To Increase Production Rates Of 737 MAX And 787 Jets

Boeing aims to produce at least 50 MAX variants per month by 2025 and is confident in the coordinated supply chain’s ability to deliver on this goal. The Renton plant in Washington state will see an increase in narrowbody production,...
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Ford set to loses $4.5 billion on EVs
29. 7. 2023 No Responses

Ford set to loses $4.5 billion on EVs

Ford Motor Company announced it is projected to lose a staggering $4.5 billion from electric vehicles (EVs) this year, up from the previous projected loss of $3 billion. The company released its second-quarter financial results. The U.S.-based automaker&#821...
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Raytheon Accumulated a Backlog of $185 Billion
28. 7. 2023 No Responses

Raytheon Accumulated a Backlog of $185 Billion

Raytheon has called in retired engineers to teach its employees how to build the Stinger missiles heavily used by Ukraine’s military—using blueprints drawn up during the Carter administration. It’s the latest example of a private company working to ramp ...
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Photovoltaic Panels Flooded European Warehouses
21. 7. 2023 No Responses

Photovoltaic Panels Flooded European Warehouses

Around €7 billion worth of Chinese-manufactured solar panels are currently stored in Europe, which could power approximately 20 million homes per year. Despite this surplus, imports continue to increase, with the first few months of 2023 showing higher impor...
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Lockheed Martin Raises Full-Year Forecast
19. 7. 2023 No Responses

Lockheed Martin Raises Full-Year Forecast

U.S. weapons maker Lockheed Martin on Tuesday raised its annual profit and sales outlook on strong demand for military equipment stoked by ongoing geopolitical uncertainties. Defense companies in the U.S. have been successful in translating demand for air defe...
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China GDP Grows 6.3% in Second Quarter
17. 7. 2023 No Responses

China GDP Grows 6.3% in Second Quarter

China’s economy expanded 6.3% in the second quarter from a year ago, falling short of market expectations as export demand remained tepid and sinking property prices sapped consumer confidence. The jobless rate for the 16-24 age group hit a new...
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Ex- Barclays CEO Praises BlackRock BTC ETF Filing
22. 6. 2023 No Responses

Ex- Barclays CEO Praises BlackRock BTC ETF Filing

Former Barclays CEO Bob Diamond is not surprised by asset management giant BlackRock’s recent forays into the world of crypto. “I love seeing some of the mainstream firms get involved here, like BlackRock,” said Diamond during an interview with CNBC’...
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Alibaba CEO Daniel Zhang to step down
20. 6. 2023 No Responses

Alibaba CEO Daniel Zhang to step down

Daniel Zhang, who has been the Chinese conglomerate’s chief for eight long years, is being replaced. Eddie Wu, now chairman of Alibaba’s online shopping arms Taobao and Tmall, will take over as chief executive. Zhang, who became chairman in 2019, will...
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Photovoltaic Grade Polysilicon Prices Crash
19. 6. 2023 No Responses

Photovoltaic Grade Polysilicon Prices Crash

Solar grade polysilicon prices crash amid global supply glut. Spot prices for the main ingredient in photovoltaic panels are crashing considerably and fast, fueled by a glut in China’s photovoltaic panel supply chain. Some companies manufacturing polysil...
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Open fan jet engine to power the successor to Boeing’s 737 MAX
17. 6. 2023 No Responses

Open fan jet engine to power the successor to Boeing’s 737 MAX

An open fan being developed by CFM International, making it a prime candidate to power the next generation of all new airplanes in the mid-to-late 2030s. The new engine with a giant open fan would change the look of airplanes...
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The discovery of a lithium mine in Iran
12. 6. 2023 No Responses

The discovery of a lithium mine in Iran

Iran’s lithium find is a potential game changer. The discovery of a lithium mine in Iran and its potential implications for the global production of lithium-ion batteries and electric vehicles is still one of the topics discussed in the world...
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Tesla’s supercharger deals with GM, Ford
10. 6. 2023 No Responses

Tesla’s supercharger deals with GM, Ford

Tesla’s supercharger deals with GM, Ford are ‘the cheapest forms of advertising’. Starting next year, owners of electric vehicles made by General Motors and Ford will be able to charge their EVs at many of Tesla’s charging stations, the...
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IATA elevates industry profit projection for 2023
6. 6. 2023 No Responses

IATA elevates industry profit projection for 2023

The International Air Transport Association (IATA) now expects the whole airline industry to make a net profit of $9.8 billion this year, roughly doubling of its initial projection for sector profitability. The airline association had initially projected the...
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