Category: World

IMF Introduces World Currency
6. 4. 2021 No Responses

IMF Introduces World Currency

It is no joke, something big happened last week. The IMF is going to give out loans in SDR. Special Drawing Rights are IMF’s currency. By itself, they’re nothing special, but the IMF has always lent in U.S. Dollars. That they are...
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World After Countless QEs: A Shortage Of Everything
20. 3. 2021 No Responses

World After Countless QEs: A Shortage Of Everything

In last press conference, Jay Powell confirmed that the Fed is setting off on a historic experiment: welcoming a conflagration of red-hot inflation for an indefinite period of time in an overheating economy, with the underlying assumption that it’s all.....
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Trans-Pacific Trade At Max-Capacity Ceiling
29. 1. 2021 No Responses

Trans-Pacific Trade At Max-Capacity Ceiling

Container volumes in the Asia-U.S. trans-Pacific trade have hit their limit. Massive port congestion in the ports of Los Angeles and Long Beach is forcing ocean carriers to take extreme measures. Sailings are now being “blanked” (canceled) not because of.....
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Hyundai Motor Buys 80% of Boston Dynamics
11. 12. 2020 No Responses

Hyundai Motor Buys 80% of Boston Dynamics

Hyundai Motor Group agreed to buy a controlling stake in Boston Dynamics Inc. in a deal that values the mobile robot firm at $1.1 billion. Hyundai Motor Group, along with some associated companies and Chairman Euisun Chung, will acquire an...
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Electrolux AB as one hot candidate for a new revolutionary technology
22. 9. 2020 No Responses

Electrolux AB as one hot candidate for a new revolutionary technology

As fans of new technologies know, an unnamed global manufacturer is conducting tests of a revolutionary new technology. After analyzing many contexts, it is likely that Electrolux AB may be the unnamed manufacturer. If this estimate is accurate, it suggests ...
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Carnival Cruise Line Cancels Trips Into Spring
17. 9. 2020 No Responses

Carnival Cruise Line Cancels Trips Into Spring

Carnival Cruise Line is canceling sailings into early 2021 and is also selling two of its ships as pandemic continues to tremendously affect the travel industry. Announced this week, the cruise line canceled cruises on both their Carnival Magic and...
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The Oil Countries And Their Breakevens
22. 6. 2020 No Responses

The Oil Countries And Their Breakevens

Here is a look at some of the other oil market players that are finding themselves on equally dangerous dire straits. Oman  Analysts may be overstating Oman’s role as a mediator in a volatile region, but make no mistake–Oman is...
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Qatar Airways will not take new planes this year or next
17. 6. 2020 No Responses

Qatar Airways will not take new planes this year or next

Qatar Airways will not take any new planes ordered from Boeing or Airbus in 2020 or 2021, Chief Executive Officer Akbar al-Baker said on Wednesday, adding there would be a knock-on effect on future deliveries due to the coronavirus pandemic....
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World Trade Refuses To Rebound
6. 6. 2020 No Responses

World Trade Refuses To Rebound

The pandemic and ensuing lockdowns across the world have led to a recession, if not depression, unseen since the 1930s. It has resulted in unprecedented job loss and economic declines in both developed and emerging economies. Central bankers have spent the...
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SUV Sales Exceed 40% Of Global Car Sales
29. 5. 2020 No Responses

SUV Sales Exceed 40% Of Global Car Sales

SUV Sales Exceed 40% Of Global Car Sales For The First Time. Sales of SUVs have been continuously rising not only in America but also around the world, to the point of exceeding 40 percent of all new car sales...
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Top 12 Oil Majors Book $20.6 Billion Loss In 1Q
24. 5. 2020 No Responses

Top 12 Oil Majors Book $20.6 Billion Loss In 1Q

The 12 largest listed oil companies in the world booked a combined net loss of US$20.6 billion for the first quarter this year, compared to a collective net income of US$23.4 billion for Q1 2019, according to estimates of Anadolu...
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Nissan Considers Slashing 20,000 Jobs Worldwide
23. 5. 2020 No Responses

Nissan Considers Slashing 20,000 Jobs Worldwide

Nissan scientists and management have known for 3 years what the future of cars will look like. They also know that the day of reckoning has approached. Briefly: The future of cars will look a little different than what the design...
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JP Morgan warns: Transparent Currencies Could Threaten US Geopolitical Power
22. 5. 2020 No Responses

JP Morgan warns: Transparent Currencies Could Threaten US Geopolitical Power

JPMorgan’s head of of U.S. interest-rate derivatives strategy Josh Younger and chief U.S. economist Michael Feroli – wrote: “This revolves primarily around U.S. dollar hegemony. Issuing the global reserve currency and the medium of exchange for inte...
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Hundred Fully Loaded Tankers Anchored Off Singapore, BP Reported $4 Billion Loss
28. 4. 2020 No Responses

Hundred Fully Loaded Tankers Anchored Off Singapore, BP Reported $4 Billion Loss

Back in the late fall of 2014, when Saudi Arabia broke up OPEC for the first time and unleashed a torrent of crude oil on the world despite the protests of its fellow cartel members, oil prices crashed as a...
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Break-even Oil Prices for 2020, Driller Diamond Offshore Filed for Bankruptcy
27. 4. 2020 No Responses

Break-even Oil Prices for 2020, Driller Diamond Offshore Filed for Bankruptcy

A sharp drop in oil prices adds to rating pressures for oil-exporting Middle East and Africa (MEA) sovereigns with vulnerable public and external finances, says Fitch Ratings. A slump in tourism, weakening demand for non-oil exports, and financial volatility a...
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