The long-running legal dispute between the Fédération des Industries Nautique and show organiser Reed Exhibitions France will not be heard by the Paris Court of Appeals until December 2020 The three-year legal battle between the Fédération des Industries Nautique (FIN)…
Defense Minister Shoigu: US Has Been Waging Hybrid War on Russia for 20 Years
Russian Defence Minister General Sergei Shoigu in a September 22, 2019 Interview: We long failed to understand the essential nature of what was going on around us. If the West had continued to behave as it began behaving in Gorbachev’s…
Vietnam & Mexico biggest winners from US-China trade war
US imports from its largest supplier China have slumped by 12.5 percent due to the ongoing trade war. Meanwhile, Vietnam and Mexico have been filling this gap with massive import increases. According to the latest report by the US-based Census…
US Army selects a new generation of assault rifles and light machine guns
The US Army has selected three companies to design Next Generation Squad Weapon (NGSW) prototype variants. The US Army announced that it has awarded Textron Systems, General Dynamics Ordnance and Tactical Systems, and SIG Sauer with NGSW prototype contracts that…
All Foreign Troops “With Illegal Presence” Should Leave Syria
Russia’s response to the White House’s late Sunday shock announcement saying “Turkey will soon be moving forward with its long-planned operation into Northern Syria” has been relatively muted. Though Trump reportedly told Erdogan the US won’t back the operation in a ‘last minute’ weekend…
Salesforce founder Benioff says ‘capitalism as we know it is dead’
Marc Benioff: I really strongly believe that capitalism as we know it is dead…that we’re going to see a new kind of capitalism and that new kind of capitalism that’s going to emerge is not the Milton Friedman capitalism that’s just…
Detroit 3 and Japan 3 tumbled heavily
The biggest Asian automakers recorded double-digit sales declines and estimates for the Detroit 3 showed double-digit drops as well. Ford Motor Co. posted a 12 percent drop for the month, according to Data Center estimates. Ford F-series sales dropped 13…
Ray Dalio: The Next Logical Steps In A Dangerous Journey To War
Raymond Dalio – an American billionaire investor, hedge fund manager, and philanthropist. Dalio is the founder, Co-Chairman and Co-Chief Investment Officer of investment firm Bridgewater Associates, one of the world’s largest hedge funds, posted a grim warning not only to…
Slovenia’s Adria Airways files for bankruptcy
Adria Airways has filed for bankruptcy at the Kranj District Court and cancelled all scheduled flights as of September 30, 2019. “Bankruptcy proceedings were initiated by management because of the company’s insolvency and based on the Slovenian Financial Operations, Insolvency…
Obsolete UH-1 Replacement Boeing MH-139 Helo to Start Testing in December
The Air Force will receive its first MH-139 helicopter for testing in December, as it enters the next phase of the $2.4 billion effort to replace the obsolete Vietnam-era UH-1N Hueys, the head of Air Force Global Strike Command said…
The Average American Household Income Is Unchanged In 30 Years
The Average American’s Income Is Unchanged In 30 Years. While The “1%” Have Soared. According to the latest Census Bureau figures released this month, real American incomes remained essentially flat in 2018 after three straight years of growth. Median household…
Endeavor Pulls IPO After Peloton’s Fiasco
Endeavor became the second big casualty of the IPO market’s recent chill after WeWork’s parent company pulled its offering earlier this month. It is the second time Endeavor has hit the brakes on its IPO this year. Part of the reason Endeavor…
US Shale In A State Of Stall – CapEx Collapse Imminent
The financial stress sweeping over the U.S. shale sector has led to a sharp contraction in activity. Oil and gas activity in Texas and parts of New Mexico declined in the third quarter, with the Dallas Fed’s business activity index reporting…
The $47 Trillion Slow Death Sentence For Oil & Gas
The future of hydrocarbons is becoming bleak if plans presented by international banks, representing around $47 trillion in value, will be fully implemented. So one assault will come by breakthrough new technologies and another by banks. Around 130 international banks, all present…
Chinese Companies Dump $40 Billion In Global Assets
Chinese Companies Dump $40 Billion In Global Assets, China Turn Net Seller For First Time In Decades At the behest of the Communist Party leadership, Chinese conglomerates and investor groups have this year transformed from sometimes overeager spree buyers of…