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…
Saudi Aramco Buying 70% Of SABIC In $70 Billion Cash Deal
Saudi oil giant Saudi Aramco is acquiring a 70% stake in the country’s petrochemcial company Saudi Arabian Basic Industries Corporation (SABIC) from the country’s sovereign wealth fund, Aramco reported on its Twitter account shortly after Bloomberg reported the news on…
Airbus Received an Order from China Aviation Supplies for 300 Airliners
China Aviation Supplies ordered at Airbus 290 A320 * and 10 A350 XWB aircrafts. According to catalog prices, the order value is more than $35 billion. The order is larger than originally expected. Typically, for Chinese orders, a large quantity…
Jim Rickards Warns “Bernanke Painted The FED Into a Corner & It Can’t Get Out”
Four time bestseller writer Jim Rickards says the FED “throwing in the towel” on rate hikes is signaling a big problem for the economy. Rickards says, “The FED was tightening to get ready for the next recession…” “You need to cut…
Volvo’s Newest Safety Feature
Your New Volvo Will Soon Call The Cops On You If It Thinks You’ve Been Drinking Swedish Volvo has always been synonymous with safety in the automotive branch. Now, the Swedish automaker is taking stunning steps to push the borders…
Marines Seize Tiny Pacific Island As Training For Real War
The 31st U.S. Marine Expeditionary Unit (31st MEU) seized a tiny island and airfield with special operations airmen and soldiers as part of a new island-hopping strategy. Last week, 31st MEU, backed by the 3rd Marine Division, 3rd Marine Logistics…
Levi Strauss goes public, the IPO valuation is $ 6.6 billion
Levi Strauss returns to the stock market after 34 years of absence. The clothing seller valued its initial public offering on Wednesday at $17 a share and valued the company at approximately $6.6 billion. This is a higher valuation than…
Seagate with Nvidia and HP Enterprise are developing AI manufacturing platform
Seagate announces partnership with HP Enterprise (HPE) and Nvidia to Develop Project Athena’s Artificial Intelligence (AI) production platform to reduce Hard Drive (HDD) costs by 20% and Production Processes by 10%. Jeffrey Nygaard, executive vice president and general manager of…
BMW lowered profit estimate, shares tumbled
BMW stock exchanges on European stock exchanges fell by almost 5% to around 72 euros after BMW management pointed to a decline in profits, announcing a € 12 billion savings plan to compensate for any damage caused by trade wars…
FAA and Boeing 737 MAX Certification Story
The Seattle Times: Managers of the Federal Aviation Administration (FAA) have put pressure on their engineers to delegate broad responsibility for Boeing 737 MAX safety assessment to Boeing itself. Security engineers who are familiar with the documents have pointed out…
IBM ramps up (pseudo)crypto cross-border payments
The cryptocurrency-based cross-border payments competition is cranking up. IBM Corp. said today its Blockchain World Wire initiative, a global payments network for regulated financial institutions, has entered production and will support instantaneous foreign exchange payment and settlement in more than 70…
Oil major Shell wants to be the world’s largest electricity provider by 2035
Widely nown as Shell, Royal Dutch Shell is one of the biggest oil and gas company in the world. The plans of the British-Dutch giant for the coming years have surprisingly deviated from the current course. “The amount of clean…
‘Jackscrew’ found at crash site confirms Ethiopian Boeing 737 Max was set to dive
A screw-like device found in the wreckage of the Boeing Co. 737 Max 8 has provided investigators with an early clue into what happened: The so-called jackscrew, used to set the trim that raises and lowers the plane’s nose, indicates…
US markets: New-home sales fell 6.9% in January
Sales of new homes in the U.S. tanked 6.9 % in January, a probable sign that buyers paused during the government shutdown. The Commerce Department said that new homes sold at a seasonally adjusted annual rate of 607,000 in January,…
Large-size panel global output to grow 12% in 2019
The availability of new LCD and OLED fabs and capacity ramps at existing lines are likely to result in an annual growth about 12% in large-size panels sector in 2019, according to industry sources. A total of four fabs dedicated…