According to Nathaniel Popper, editor of the New York Times, Facebook addresses VC (venture capital) investors as it seeks $1 billion as underlying collateral for its own stablecoin. Popper has posted this rumor on his Twitter account yesterday. News on…
The Brazilian oil company Petrobras sold assets worth $8.6 billion
The Brazilian oil company Petróleo Brasileiro, better known as Petrobras, has made a fantastic move. Just before the whole world learns that about 85% of natural gas production will no longer be necessary or economical to burn in boilers, Petrobras…
Virgin Atlantic introduces gender-diverse emblems
Virgin Atlantic, owned by billionaire Richard Branson, airline’s 35-year-old icon, which is the red-haired flying lady emblem with the British flag, is too stereotypical and does not reflect the latest scientific knowledge. The existing emblem of a flying red-haired lady…
The BIS Tests the Ground for Gradual Abolition of Cash
BIS – Bank for International Settlements, also known as Central Bank Central Bank, General Manager Agustín Carstens spoke at the Central Bank of Ireland 2019 Whitaker Lecture. Under the title “The Future of Money and Payments”, Carstens mapped the long-term…
The Mayor of Helsinki Will Give 1 Million EUR to The One Who Brings Some Idea
Helsinki Mayor Jan Vapaavuori announced an international competition at a conference organized by city of Helsinki. EUR 1 million will be given to the one who brings the idea of replacing the coal in the centralized heating system operated by…
Maersk Drilling Was Priced at $3.6 Billion in the Stock Debut
Maersk Drilling was priced at $3.6 billion in the Copenhagen Exchange stock debut. An hour after the opening of the Copenhagen Stock Exchange, the shares were traded at about DKK 570, i.e. company’s market capitalization is now DKK 23.7 billion. Management…
New Car Sales in the US: 3.1% Decline in March, Down 2% for the 1Q
The automotive industry has launched a key spring sales period in the US with 3.1% decline in March and a 2% decline in the first quarter. From major producers, only Honda, Hyundai, KIA, Subaru and the Volkswagen Group have improved….
Hungary: Interest-free Loans of 10 Million Forints to Support Birth Rates
The Hungarian Parliament passed a law promoting family formation. The essence of the support is the provision of an interest-free loan of 10 million forints (about $35,000) that may be requested by spouses in the future if they “intend to…
EasyJet Issued a Profit Warning
EasyJet’s low-cost airlines are reportedly well prepared for Brexit, but the company’s profitability will be compromised, EasyJet said. EasyJet expects the 2019 earnings to be hit by falling demand, due to economic uncertainty and Brexit. The airline said the forecasts…
Comedian Zelenskiy Has a Overwhelming Lead in the Ukrainian Elections
Volodymyr Zelenskiy, who coincidentally played the role of president in a television show as part of his comedy career, received 30.4% of the vote in the first round of presidential elections in Ukraine, according to opinion polls. The current president,…
Biggest Decline in Global Trade Since 2009 Crisis
According to the Dutch Bureau for Economic Policy Analysis (CPB), world trade recorded biggest percentual drop since the global financial crisis of 2008-2009. A report released last week shows that world trade grew by 2.3% in January after the index…
FAA Knew Of 737 MAX Trim Problems
A recently discovered document proves that Boeing ignored requirements FAA and international regulators made when they certified Boeing’s 737 MAX airliner. The underlying problem: For commercial reasons Boeing wanted the new 737 MAX version to handle like the old ones….
The FCC Managed to Collect $6,790 from $208 Million It Has Fined Robocallers
The Federal Communications Commission (FCC) – the “independent agency” of the United States government, has managed to raise $6,790 of fines it has fined the companies and individuals for performing so-called robotic telephone calls. The total amount of fines is…
IPO valued Lyft at $ 24.3 billion
The initial public offering (IPO) valued Lyft at $24.3 billion. The pseudo-taxi operator’s shares will start trading on the stock exchange today, and the price of one stock was set at $72 for a large interest at a higher level…
Ultra-low Cost Airline Wow Air Collapses, Cancels All Flights
Icelandic Wow Air canceled all flights, telling travelers in foreign countries to apply for “emergency rates” at competing airlines and buy tickets again. Furthermore, the airlines said passengers who paid for airline tickets with credit cards or booked tickets with…