Turnover on Texas lithium refinery is Elon Musk, brand
Tesla Inc. (TSLA.O) broke ground astronomically on a Texas lithium refinery, Monday. According to CEO Elon Musk, the facility would generate enough battery metal by 2025 to construct around 1 million electric cars (EVs). In order for Tesla to fulfil its lofty EV sales targets, Musk claimed the automaker must move outside its core business of manufacturing […]
Subway devises a financial strategy to close a new deal
In an effort to overcome the challenging surroundings for leveraged buyouts and obtain the company’s requesting cost of more than $10 billion, the bankers overseeing the sale procedure for Subway have provided the private equity firms bidding for the sandwich chain with a $5 billion acquisition funding plan, sources had informed. Since Subway announced in February […]
Disney district council: under the eye of the Florida governor
The Republican governor’s conflict with Walt Disney Co. (DIS.N) in central Florida heated up on Friday when Florida lawmakers gave him effective power over the board that governs development there.Disney was targeted by state Republicans when it openly argued with DeSantis last year about a rule that forbids teachers from discussing sexuality and gender orientation […]
Airbus & Qatar Airways resolve their contentious A350 dispute
Following a ferocious 18-month conflict that tore the top off the global jet industry, Airbus (AIR.PA) & Qatar Airways announced on Wednesday that their disagreement regarding the A350 aircraft that had been grounded had been resolved. This avoided a potentially catastrophic UK court trial.The $2 billion dispute over surface defects on long-haul jets is resolved […]
Iconic mega aeroplane, a Boeing 747, gets ready for its last take-off
The earliest and probably most aesthetically pleasing Jumbo Jet, the Boeing (BA.N) 747, revolutionised aviation only to have its more over five-decade tenure as Queen of the Skies ended with more productive twinjet aircraft.53 years after the 747’s instantaneously identifiable humped silhouette captured the world’s eye as a Pan Am passenger jet, the final commercial […]
Discord in the oil core is caused by Canada’s oil jobs transfer law
The federal government’s legislation intended to assist the fossil fuel workforce in transitioning to a greener economy is the topic of debate in Canada’s western oil patch, but the union, as well as community leaders, are alerting that politicisation of the Just Transition bill obfuscates the needs of workers.The Liberal administration of Prime Minister Justin […]
BYD, a Chinese EV manufacturer, approaches the United States with caution
BYD (002594.SZ), the world’s largest manufacturer of electric vehicles, is expanding quickly to take on Tesla (TSLA.O), but for the time being it is stuck in second gear on its rival’s home ground.A deliberate global push has emerged as the single most crucial strategic goal for China’s largest EV manufacturer, or so is claimed by […]
Normalcy wished to revert to airlines after FFA blackout
After the Federal Aviation Administration (FAA) ordered a nationwide ground stop due to a computer glitch that required a 90-minute pause to all U.S. departing aircraft, the aviation industry in the United States was struggling to get back to normal on Wednesday.According to FlightAware, more than 10,000 planes have been postponed or cancelled thus far, […]
Caixin PMI: China’s December manufacturing activity continues to fall because of a rise in COVID
A private sector poll released on Tuesday revealed that China’s industry activity dropped at an even faster rate in December as rising COVID-19 infections disrupted output and weighed on consumption after Beijing largely eliminated anti-virus measures.The manufacturing Caixin/Markit purchasing managers’ index (PMI) decreased from 49.4 in November to 49.0 in December.For five consecutive months, the […]
U.S.’s streak of double-digit housing value rise comes to an end
When mortgage rates spiked above 7% in October and further hindered demand, annual price rise in the increasingly unstable U.S. housing market fell into the singular digits for the first time in roughly two years, a pair of highly monitored surveys indicated on Tuesday.The S&P CoreLogic Case Shiller national home price index saw its first […]