Browsing Category
Business
Shares of Chinese Evergrande Fall 10.5 Percent in Value
Shares of the Chinese real estate company Evergrande fell 10.5 percent in value on Thursday. That happened after a takeover of the real estate management branch of the company in dire straits had been rejected.
Shares of Evergrande…
US Ports are Working Overtime Due to Holidays
The Port of Los Angeles will remain open 24 hours a day, seven days a week for the coming months, the White House announced Wednesday (local time). The port of nearby Long Beach already decided to do this a few weeks ago.
In…
Elon Musk Wants to Start German Tesla Factory This Year
Although there is no government approval yet, Elon Musk wants his Gigafactory near Berlin to produce the first Teslas by the end of this year.
Musk wants his Model Y to roll off the production line in Gruenheide, east of Berlin,…
Nikkei is Solidly Ahead Thanks to Automakers Toyota and Honda
On Friday, the stock exchange in Tokyo continued the recovery from a day earlier. The major Japanese car manufacturers such as Toyota and Honda made significant progress thanks to a decline in the Japanese yen.
Also, the approval…
IMF and US Government Discuss Georgieva’s Fate
The board of the International Monetary Fund (IMF) is reportedly meeting again on Friday to discuss allegations of unethical conduct against top woman Kristalina Georgieva, insiders reported to Reuters news agency.
But whether she…
India to Increase Coal Production Against Power Shortages
India is going to increase coal production to counter power shortages in the country. The government has therefore commissioned the state-owned company Coal India to produce more coal.
India relies on coal-fired power stations for…
China Relaxes Coal Mine Security Measures
China is set to relax security measures in the country's coal mines amid the growing demand for coal due to the energy crisis. As a result, possible accidents will be investigated less extensively.
Authorities are also asking coal…
Wall Street Higher Despite Setback With Benefits Claims
The stock exchanges in New York started the new trading day with gains on Thursday. Investors processed slightly better-than-expected growth figures for the US economy, among other things. On the other hand, the figures for new unemployment…
Air France-KLM can Divide Large Order Between Boeing and Airbus
Aviation group Air France-KLM is in advanced negotiations with aircraft manufacturers Airbus and Boeing about a large order.
According to CEO Ben Smith of the French-Dutch aviation combination, that order can be divided between the…
SEC: Unregulated US Crypto Market Goes Wrong
If US crypto markets and related platforms remain unregulated, things will go wrong. Gary Gensler, the US Securities and Exchange Commission (SEC) chairman, warned against this.
According to Gensler, there are trading platforms and…