Editors’ Picks – Page 73

4. 3. 2019 No Responses

Remembrance of Concorde: 50 years since the maiden flight

Sud Aviation (Aérospatiale)/British Aircraft Corporation (BAC) Concorde was a revolutionary British-French jet aircraft project with cruising speed of Mach 2. Concorde flew the Atlantic within 3 hours. The start of the project dates back to 1956 when the Supersonic Transport Aircraft...

3. 3. 2019 No Responses

Venezuela refuses to become a 68th overthrown sovereign government

During the good old days, Chavez was probably the most popular politician on the planet, having won eight elections and country wide referendums in eight years. Nicolas Maduro was a close confidant of Chavez. Maduro stood for election last May 2018. Many o...

2. 3. 2019 No Responses

The wreck of another combat aircraft was found in Kashmir

This week, several air force operations by Indian and Pakistan Air Forces took place in the airspace above Kashmir. During the air duels, India lost one MiG-21, whose pilot successfully catapulted and was already returned to the Indian side. The...

1. 3. 2019 No Responses

Zimbabwe is out of dollar cash and reserves again

Zimbabwe, once called “Jewel of Africa”, is experiencing another monetary experiment. There is one consequence: Zimbabwe and Zimbabwe money/payment agents are running out of dollar cash and dollar reserves. Zimbabwe has so far imported dollar bills...

28. 2. 2019 No Responses

Trump – Kim summit in Hanoi collapses

Kim asked for partial sanctions relief in exchange for shuttering nuclear facilities. Trump’s answer: “Basically, they wanted the sanctions lifted in their entirety, and we couldn’t do that. They were willing to denuke a large portion of the are...

28. 2. 2019 No Responses

Rocket Soyuz launched first six OneWeb satellites into orbit – internet from the space

Russian Soyuz rocket started yesterday from the spaceport in French Guiana. The task was to bring the first 6 OneWeb satellites in orbit. The satellites will provide Internet connectivity from the Space for users on the ground, in airspace and...

27. 2. 2019 No Responses

‘Father Of Reaganomics’ Warns: “Get Out Of The Market”

David Stockman, the so-called “Father of Reaganomics,” told Fox Business’s Neil Cavuto that investors ought to get out of the market and retreat to the safety of Treasury bills and hard cash. “We’re in year 10 of the longest business...

26. 2. 2019 No Responses

India-Pakistan tensions escalate with airstrikes across Kashmir border

India has carried out aerial attack over the disputed border in Kashmir for the first time since it went to war with Pakistan in 1971, escalating tensions between the two nuclear-armed neighbours. Pakistan, which was the first to announce the...

25. 2. 2019 No Responses

GE to sell BioPharma business to Danaher for $21.4B

Shares of General Electric Co. (symbol: GE) soar 10% in premarket trade Monday, after the conglomerate agreed to sell its biopharma branch to Danaher Corp. (symbol: DHR) for $21.4 billion. Transaction is payable in cash. “Today’s transaction is a...

25. 2. 2019 No Responses

Spark Therapeutics +122% after the acquisition news by Roche

Swiss pharmaceutical company Roche Holding AG announced that it has reached a final agreement for acquisition of Spark Therapeutics from Philadelphia. Roche offered $114.50 for each share of Spark Therapeutics, which is 122% more than Friday’s closing pr...

25. 2. 2019 No Responses

AutoNation’s CEO: Auto sales are headed for further declines

AutoNation’s CEO Mike Jackson says the auto industry is entering a period of gradual decline. However, he added, “Adversity in the business will create new opportunities.” Who is more vocal than the first-line CEO? Mike Jackson is absolutely...

23. 2. 2019 No Responses

Warren Buffett wants to make an ‘elephant-sized’ purchase, but says ‘prices are sky-high’

“In the years ahead, we hope to move much of our excess liquidity into businesses that Berkshire will permanently own. The immediate prospects for that, however, are not good: Prices are sky-high for businesses possessing decent long-term prospects,&#822...

22. 2. 2019 No Responses

US Oil Output Hits 12 Million Barrels Per Day

U.S. crude oil production reach 12 million BPD in mid-February, according to the EIA actual report. EIA’s weekly petroleum report showed crude output jump more than 1.7 million BPD compared to February 2018: From 10.3 million BPD to 12 million BPD....

21. 2. 2019 No Responses

US core capital goods orders unexpectedly drop in December

The data pointed to a further slowdown in business spending on machinery and non-defense equipment. The December report was delayed by a 35-day shutdown of the federal government that ended on Jan. 25. The Commerce Department said the “processing and da...

21. 2. 2019 No Responses

Zimbabwe Introduces New Currency, Scraps US Dollar Denominated Bond Notes

Since 500 Billion percent inflation in 2009, Zimbabwe had no own currency. Zimbabwe’s Central Bank Governor John Mangudya announced a whole new national currency and its abandonment of Zimbabwe bond notes, a temporary quasi currency, whose value had bee...

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