Raytheon has called in retired engineers to teach its employees how to build the Stinger missiles heavily used by Ukraine’s military—using blueprints drawn up during the Carter administration. It’s the latest example of a private company working to ramp up…
Photovoltaic Panels Flooded European Warehouses
Around €7 billion worth of Chinese-manufactured solar panels are currently stored in Europe, which could power approximately 20 million homes per year. Despite this surplus, imports continue to increase, with the first few months of 2023 showing higher import levels…
Czech Parliament Ratifies Treaty Allowing US Troops Presence
On Wednesday, the Czech parliament ratified a treaty that paves the way for a US troop presence on Czech soil as the US is looking to further beef up its military posture in Europe. The Defense Cooperation Agreement (DCA) was approved by…
Lockheed Martin Raises Full-Year Forecast
U.S. weapons maker Lockheed Martin on Tuesday raised its annual profit and sales outlook on strong demand for military equipment stoked by ongoing geopolitical uncertainties. Defense companies in the U.S. have been successful in translating demand for air defense systems,…
Nelson Mandela Day: Remembering Anti-Apartheid I Icon
Nelson Mandela Day – Remembering anti-Apartheid I icon and friend of Palestine. Nelson Mandela Day is an international observance in honor of the iconic South African anti-Apartheid I leader Nelson Mandela, observed annually on his birthday, on July 18. The…
China GDP Grows 6.3% in Second Quarter
China’s economy expanded 6.3% in the second quarter from a year ago, falling short of market expectations as export demand remained tepid and sinking property prices sapped consumer confidence. The jobless rate for the 16-24 age group hit a new…
Ex- Barclays CEO Praises BlackRock BTC ETF Filing
Former Barclays CEO Bob Diamond is not surprised by asset management giant BlackRock’s recent forays into the world of crypto. “I love seeing some of the mainstream firms get involved here, like BlackRock,” said Diamond during an interview with CNBC’s Squawk Box…
No New EU Money For Green Technologies
European Commission president Ursula von der Leyen said last year that she would create a new European Sovereignty Fund to help EU companies compete with president Biden’s Inflation Reduction Act (IRA). But whereas the US is pumping $369 bn (€340 bn)…
Alibaba CEO Daniel Zhang to step down
Daniel Zhang, who has been the Chinese conglomerate’s chief for eight long years, is being replaced. Eddie Wu, now chairman of Alibaba’s online shopping arms Taobao and Tmall, will take over as chief executive. Zhang, who became chairman in 2019, will…
Photovoltaic Grade Polysilicon Prices Crash
Solar grade polysilicon prices crash amid global supply glut. Spot prices for the main ingredient in photovoltaic panels are crashing considerably and fast, fueled by a glut in China’s photovoltaic panel supply chain. Some companies manufacturing polysilicon make PV panels…
Study: Longevity Isn’t Really About Our Genes
A new study adds to mounting evidence that our health and longevity are primarily a result of our environment and lifestyle. The authors of the study, published in the Human Kinetics Journal, sought to analyze the relationship between physical activity and sedentary…
Open fan jet engine to power the successor to Boeing’s 737 MAX
An open fan being developed by CFM International, making it a prime candidate to power the next generation of all new airplanes in the mid-to-late 2030s. The new engine with a giant open fan would change the look of airplanes…
Chinese, Palestinian presidents pledge to establish strategic partnership
Palestinian Authority President Mahmoud Abbas met with Chinese President Xi Jinping in Beijing where they agreed to establish a strategic partnership between the two countries. During the Wednesday meeting, Xi said this partnership will mark a new stage in their…
The discovery of a lithium mine in Iran
Iran’s lithium find is a potential game changer. The discovery of a lithium mine in Iran and its potential implications for the global production of lithium-ion batteries and electric vehicles is still one of the topics discussed in the world…
Ferrari win the 24 Hours of Le Mans
Italian Ferrari ended a 50-year absence from the 24 Hours of Le Mans by toppling Japanese Toyota on Sunday in the centenary running of the most iconic car race in the world. Ferrari last competed at Le Mans in 1973…