The Chinese carmaker’s global fourth-quarter deliveries rose 22 per cent from the previous quarter, when they nearly matched Tesla’s total. BYD, already the world’s largest producer of electric vehicles (EVs) – a category that includes plug-in hybrid cars – is poised to…
Iraq and China started building 15 new cities in Iraq
On Friday Iraq broke ground on 30,000 housing units near Baghdad, as part of a $2 billion project in partnership with Chinese firms to build five new cities across Iraq, Bloomberg has reported. The government of Prime Minister Mohammad Shia al-Sudani is seeking to build 250,000 to…
Risk Warning: Low Probability of Attractive Return vs. High Probability of Decline in Capital Markets
As has been my standard since September 1998, I again publicly warn in advance of the increased risk of a decline in capital markets. And now such a situation has come again. What are the current reasons? Goldman Sachs recently…
Financial Times: Banks Terminate 61,905 Workers
A new report from the Financial Times shows twenty of the world’s largest banks slashed 61,905 jobs in 2023, a move to protect profit margins in a period of high interest rates amid a slump in dealmaking and equity and…
Science: Long-Term Use Of Statins Linked To Heart Disease
For decades, statins have been heralded as the reliable heroes in the battle against heart disease, the leading cause of death in the United States and globally. However, this seemingly flawless reputation has been called into question. A new expert review…
Iran, Eurasian Economic Union sign free trade agreement
Iran and the Eurasian Economic Union (EAEU) have signed a major agreement to start free trade some six years after Tehran joined the bloc in a bid to diversify its trade partners amid sanctions imposed by the West. The office of…
If Christ were to be born today, he would be born under the rubble
No Christmas in birthplace of Jesus – If Christ were to be born today, he would be born under the rubble. ‘Jesus in the rubble’: Christmas cancelled in birthplace of Jesus. In the city of Bethlehem in the Israeli-occupied West…
Israel Murdered 68 Journalists in Gaza Ghetto
A US-based rights advocacy organization The Committee to Protect Journalists (CPJ) said the war in Gaza Ghetto (largest open-air prison in the world) deadliest in modern history for journalists. Israel’s genocidal war against the indigenous Semitic people (Palestinians) in Gaza…
Top 5 Oil Producing Countries
No 1 The United States The U.S. is now producing more than 13 million barrels per day (bpd) of crude oil—more than any country ever—and is headed to a continued increase in the short and medium term. U.S. crude oil…
A Million Toyota, Lexus Cars Recalled over Airbag Sensor
Toyota has announced the recall of about a million Toyota and Lexus vehicles from 2020 through 2022 model years. The problem is an incorrectly manufactured sensor in the front passenger seat that could short-circuit, potentially causing the airbag to fail in…
Aon to Buy NFP for $13.4 Billion
Aon said it has signed an agreement to acquire NFP—a middle market property and casualty broker—for about $13.4 billion in cash and stock. “The acquisition of NFP expands Aon’s presence in the large and fast-growing middle-market segment, with capabilities across…
Science: Smoking Shrinks The Brain, And Quitting Doesn’t Restore Size
Smoking cigarettes shrinks the size of the brain, and stopping doesn’t reverse the damage, a new study shows. The findings help explain why smokers have a higher risk of developing age-related cognitive decline and Alzheimer’s disease. But there is good…
Nippon Steel To Buy US Steel For $14 Billion
This $14.9 billion acquisition represents a significant step in Nippon Steel’s plan to expand its U.S. assets, and pushed the Japanese company from the fourth to the third-largest global steel producer. In total, it will now account for roughly 86…
A Record Number Of 40-Year-Olds Have Never Been Married
A quarter of 40-year-olds in the United States have never been married, according to an analysis of U.S. Census Bureau data by the Pew Research Center. As Statista’s Anna Fleck reports, this marks the highest figure since the data first started being published back…
UK, Italy, and Japan Jointly Developed The Future Stealth 6th-Gen GCAP Fighter
Japan, Britain and Italy on December 14 announced plans to cooperate in developing next-generation fighters in an effort to reflect the need to jointly deal with growing geopolitical threats. The three countries will jointly develop and produce a common airframe….