Category: Business

BIS To Use AI To Monitor Global Bank Transactions For “Money Laundering”
3. 6. 2023 No Responses

BIS To Use AI To Monitor Global Bank Transactions For “Money Laundering”

As the IMF is currently gearing up to introduce its new global CBDC system called the UMU (also known as the Unicoin), The Bank for International Settlements (BIS) has been busy with multiple projects designed to centralize all international banks...
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Twitter Is Now Worth Just One Third of Elon Musk’s Purchase Price
31. 5. 2023 No Responses

Twitter Is Now Worth Just One Third of Elon Musk’s Purchase Price

Twitter social network is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity, which recently marked down the value of its equity stake in the company. Elon Musk has acknowledged he overpaid for...
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Tesla net income and earnings drop more than 20%
20. 4. 2023 No Responses

Tesla net income and earnings drop more than 20%

Tesla profit miss estimates, gross margin dips to 19.3% on price cuts. Shares in electric vehicle maker Tesla dropped more than 4% after the company reported first-quarter earnings after the bell. Net income came in at $2.51 billion, down 24%...
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Lockheed Martin Tops Earnings Forecasts
18. 4. 2023 No Responses

Lockheed Martin Tops Earnings Forecasts

Lockheed Martin – the producer of the F-16, F-35 fighter jets and guided missiles has been a heavy supplier of weapons and other military equipment for Ukraine war. Lockheed Martin provided thousands guided missiles for High Mobility Artillery Rocket Sys...
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New Global Currency Unveiled: The Universal Monetary Unit
16. 4. 2023 No Responses

New Global Currency Unveiled: The Universal Monetary Unit

New digital asset the Universal Monetary Unit, also known as Unicoin, is an international central bank digital currency that has been designed to work in conjunction with all existing national currencies. The IMF did not create this new currency, but...
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Rumor: TSMC plans JV fab in Germany
14. 4. 2023 No Responses

Rumor: TSMC plans JV fab in Germany

TSMC reportedly has decided to build a fab in Germany jointly with local partners in a collaboration model similar to that for its ongoing fab project in Japan, according to industry sources. After announcing the construction of factories in the...
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Delta loses $363 million
13. 4. 2023 No Responses

Delta loses $363 million

Delta Air Lines reported a $363 million loss for the first quarter on Thursday, with higher spending on labor and fuel overshadowing a sharp rise in revenue. But the airline predicted it will make a bigger-than-expected profit in the current...
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Rumor: TSMC plans JV fab in Germany
12. 4. 2023 No Responses

Rumor: TSMC plans JV fab in Germany

TSMC reportedly has decided to build a fab in Germany jointly with local partners in a collaboration model similar to that for its ongoing fab project in Japan, according to industry sources. After announcing the construction of factories in the...
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Apple now gets roughly 7% of its iPhones from India
11. 4. 2023 No Responses

Apple now gets roughly 7% of its iPhones from India

Apple Inc. assembled more than $7 billion of iPhones in India last fiscal year, tripling production in the world’s fastest-growing smartphone arena after accelerating a move beyond China. The US company now makes almost 7% of its iPhones in India...
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PC Shipments Plunge 40% In Q1
10. 4. 2023 No Responses

PC Shipments Plunge 40% In Q1

New data via International Data Corporation’s (IDC) Worldwide Quarterly Personal Computing Device Tracker shows first quarter shipments were around 56.9 million, or about a 29% decline compared to the same quarter in 2022. IDC blamed continued “we...
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Mexico To Buy 13 Power Plants From Spanish Energy Major
7. 4. 2023 No Responses

Mexico To Buy 13 Power Plants From Spanish Energy Major

Mexico is set to buy 13 power plants currently operated by Spain’s utility major Iberdrola in a deal worth some $6 billion. The purchase, Reuters reports, is part of the Lopez Obrador government’s ambition to return control over Mexico’s electricity...
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Major global powers ditching the U.S. dollar
6. 4. 2023 No Responses

Major global powers ditching the U.S. dollar

The global trend of substituting the US dollar with local currencies in the trade of goods and transactions has been on the rise, with countries hoping to reduce their dependence on Washington and prevent it from further exploiting its power...
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This day marked the 50th anniversary of a momentous phone call
3. 4. 2023 No Responses

This day marked the 50th anniversary of a momentous phone call

On April 3, 1973, Motorola engineer Martin Cooper was standing in a street of New York when he made the first ever call on a true mobile phone, calling his chief rival at Bell Labs, Joel Engel, presumably to gloat....
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‘Dr. Doom’: Most US banks are “technically near insolvency,” with hundreds already “fully insolvent.”
2. 4. 2023 No Responses

‘Dr. Doom’: Most US banks are “technically near insolvency,” with hundreds already “fully insolvent.”

Renowned economist Nouriel Roubini, who predicted the global financial crisis of 2008 caused by fraudulent MBS, has issued a grim assessment of US banking sector’s status. In an opinion piece for Project Syndicate, Roubini, nicknamed ‘Dr. Doom’ by Wa...
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India to drop US dollar in cross-border trade
31. 3. 2023 No Responses

India to drop US dollar in cross-border trade

India has opted to offer its Indian Rupee (INR) as a trade currency alternative to the US dollar after it unveiled its latest “dynamic and responsive” foreign trade policy in a bid for de-dollarization. According to the Indian Commerce Secretary...
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