Category: Editors’ Picks

Exxon Mobil Announces $20 Billion Oil Asset Write-Down
1. 12. 2020 No Responses

Exxon Mobil Announces $20 Billion Oil Asset Write-Down

Exxon Mobil has finally broken with its long-time tradition to never write down its assets. Exxon Mobil has announced stunning writedowns of between $17 billion to $20 billion due to the demand slowdown and its effect on the oil industry....
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GAO: Only three of 46 piloted Pentagon aircraft met their annual mission capability
23. 11. 2020 No Responses

GAO: Only three of 46 piloted Pentagon aircraft met their annual mission capability

Only three of 46 piloted Pentagon aircraft met their annual mission capability (MC) goals in a majority of the years between fiscal years (FYs) 2011–19, according to a new report. The Government Accountability Office (GAO), in a report released on...
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IATA: Airlines need another $80 billion in aid to survive
22. 11. 2020 No Responses

IATA: Airlines need another $80 billion in aid to survive

Airlines will need $70-80 billion in aid to survive the coronavirus crisis, or another half again of the amount already received from governments, their global industry body warned. “We are extremely grateful to them for having injected $160 billion into...
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Argentina Approves Wealth Tax On Millionaires
20. 11. 2020 No Responses

Argentina Approves Wealth Tax On Millionaires

In an early glimpse of what wealth redistribution will look among developed nations in coming years, on Wednesday the lower house of Argentina’s Congress approved a bill seeking to raise 300 billion pesos ($3.75 billion) through a tax on the...
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AAA-Rated Chinese State-Owned Coal Miner Defaulted
17. 11. 2020 No Responses

AAA-Rated Chinese State-Owned Coal Miner Defaulted

Sudden Default By AAA-Rated Chinese State-Owned Coal Miner Sends Shockwaves Across Markets,  Something unexpected happened in China last week and it triggered a shockwave across Chinese bond markets. The abrupt 1 billion yuan ($151 million) bond default on Fr...
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U.S. occupation forces have been spotted fleeing Syria
16. 11. 2020 No Responses

U.S. occupation forces have been spotted fleeing Syria

Syria exit in progress. U.S. convoys seen withdrawing from northeast Syria to Iraq. The US Army withdrew a number of its vehicles and soldiers from eastern Syria towards the northern region of Iraq, while it imposed a security cordon around a...
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Airbus and Boeing Report October 2020 Orders
15. 11. 2020 No Responses

Airbus and Boeing Report October 2020 Orders

Boeing and Airbus delivered 13 and 72 commercial jets in October 2020, compared to 19 and 76 deliveries, respectively, in the same month last year. For Airbus, the month of October was the strongest since the COVID-19 pandemic began. With...
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Lakhta Center – Skyscraper Of The Year
14. 11. 2020 No Responses

Lakhta Center – Skyscraper Of The Year

For the first time in its two-decade history, the annual Emporis Skyscraper Awards, the world’s most distinguished prizes for high-rise architecture, awarded a Russian project. The Lakhta Center skyscraper in St. Petersburg received the “skyscrape...
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Nvidia now powers a majority of the world’s top 500 supercomputers
12. 11. 2020 No Responses

Nvidia now powers a majority of the world’s top 500 supercomputers

70 percent of TOP500’s latest list of the most powerful supercomputers use Nvidia technology. TOP500 has released the 56th edition of its list of the top 500 supercomputers in the world revealing that nearly 70 percent of them are now powered by Nvid...
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Embraer Report Deliveries in 3Q
2. 11. 2020 No Responses

Embraer Report Deliveries in 3Q

Embraer delivered a total of 28 jets in quarter three, of which seven were commercial aircraft and 21 were executive jets (19 light and 2 large). As of Sept. 30, the firm order backlog totaled $15.1 billion. During quarter three,...
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Slovakia Aims To Test All 5 Million Citizens In New Approach To Combating Pandemic
31. 10. 2020 No Responses

Slovakia Aims To Test All 5 Million Citizens In New Approach To Combating Pandemic

After beating the first wave, brave Slovakia is trying to make sure it doesn’t see a second. The small Central European nation of Slovakia, which was one of the last countries in Europe to confirm its first COVID-19 case thanks...
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AMD: $35 Billion All-Stock Acquisition of Xilinx
28. 10. 2020 No Responses

AMD: $35 Billion All-Stock Acquisition of Xilinx

After a couple of weeks of rumor, as well as a couple of years of hearsay, AMD has gone feet first into a full acquisition of FPGA manufacturer Xilinx. The deal involves an all-stock transaction, leveraging AMD’s sizeable share price...
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Intel downgraded at Bank of America
23. 10. 2020 No Responses

Intel downgraded at Bank of America

Persistent confidence problems with the mysterious Management Engine module, inability to advance the 7nm process, and unconditional support for the brutal Khazar-Zionist regime ensured Intel’s downfall. Shares of Intel Corp. (symbol: INTC) are down 10.7...
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ConocoPhillips to Buy Concho Resources for $9.7 Billion
20. 10. 2020 No Responses

ConocoPhillips to Buy Concho Resources for $9.7 Billion

As some act of insanity, ConocoPhillips will buy Permian-focused driller Concho Resources for $9.7 billion, the largest shale deal this year. The low-premium, all-stock deal comes as many U.S. shale companies have been mired in losses due to weak crude prices...
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Huawei in talks to sell phone unit Honor
17. 10. 2020 No Responses

Huawei in talks to sell phone unit Honor

Huawei, besieged by U.S. tech sanctions, may be looking to shake up its smartphone business that has taken a hit after losing core semiconductor parts and software services. The Chinese giant is in talks with Digital China Group to sell...
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