According to reports, two Russian vessels were damaged as Ukraine conducted a comprehensive attack on a Russian ship repair station in Crimea early Wednesday morning, in what looks to be Kyiv’s most audacious hit on the port since the war began. According to Russia’s Defense Ministry, Ukrainian military forces used 10 cruise missiles and three…
Profits at China’s industrial firms fell 6.7% in July compared to the same month a year ago, extending this year’s decline to a seventh month as sluggish demand squeezed companies and China’s post-pandemic recovery faltered. Earnings Drop Continues According to data released by the National Bureau of Statistics on Sunday, earnings fell 15.5% year-over-year for…
Maui County sues Hawaiian Electric Company for 115 fatalities on Maui Island caused by wildfires. Maui County is suing Hawaii’s electricity company over the fatal blaze that destroyed Lahaina, alleging that the destruction could have been avoided if the power lines had been turned off. The lawsuit is the latest step in a growing critical…
Obviously, since Concorde’s retirement in 2003, rapid transatlantic travel is a thing of the past. It takes approximately eight hours to fly between London and New York, and closer to seven hours in the opposite direction. The record flight time from New York to London is presently just under five hours, thanks to a favorable…
Concerns Mount as Nike’s Stock Drops Around 2.5%: Potential 10-Day Losing Streak Looms Wednesday was the 10th day in a row that Nike’s stock went down. This happened after Foot Locker reported bad quarterly results and customers kept staying away from the shoe companies.During the day, the sneaker company’s stock dropped about 2.5%. If shares…
Juul Labs announced Wednesday that it intends to lay off around 30% of its personnel in order to reduce expenses and increase revenues. According to a corporate representative, the layoffs would effect around 250 individuals, lowering the company’s headcount to approximately 650. According to the Juul spokeswoman, this will save the company $225 million in…
U.S. Federal Authorities Unearth Expansive Cryptocurrency Laundering Operation with Ties to North Korean Cybercrime Court Charges Washington State Resident and Russian Business Partner On Wednesday, federal authorities charged two men with operating a massive money laundering scheme that allegedly processed more than $1 billion in unlawful transactions, including the transfer of hundreds of millions of…
Norway, August 23, 2023 – Equinor, a global leader in the energy sector, proudly inaugurated Hywind Tampen today, marking a historic milestone in renewable energy innovation. As the world’s largest floating offshore wind farm, Hywind Tampen represents a monumental achievement in sustainable power generation. Developed and operated by Equinor, in collaboration with its esteemed partners,…
Wednesday is a divided day for Asia-Pacific markets as investors evaluate private business activity surveys from Australia and Japan, as well as inflation data from Singapore. The S&P/ASX 200 in Australia rose 0.66 percent, reversing earlier losses. According to the Juno Bank’s flash composite purchasing managers index for August, Australia’s business activity contracted at the…