As airlines continue to navigate the challenging aftermath of the pandemic, many are facing financial constraints that are causing them to rethink their strategies for acquiring new aircraft. Initially, there was a surge in demand for new jets as airlines looked to modernize their fleets and expand operations. However, cash-strapped low-cost and deep discounter airlines
The Supreme Court of Brazil made headlines when it issued a nationwide suspension of Elon Musk’s social network X. This decision came after the company openly declared its intention to defy previous court orders related to content moderation and the appointment of a legal representative in the country. Alexandre de Moraes, the court’s top judge,
Alibaba has successfully completed a three-year regulatory “rectification” process following an antitrust fine it received in 2021, according to China’s State Administration for Market Regulation (SAMR). The regulatory focus was on a practice that required merchants to choose one of two e-commerce platforms, limiting their ability to work with both. As a result of this
In recent years, Chinese lenders have played a significant role in providing financial support to African countries through various loan agreements. The landscape of Chinese loans to Africa has been evolving, with fluctuations in funding levels and a shift in focus towards more sustainable lending practices. A recent study conducted by Boston University’s Global Development
Brazil’s telecommunications regulator made a bold move by suspending access to Elon Musk’s X social network in the country. This decision came as a way to comply with an order from a judge who has been entangled in a feud with the renowned billionaire. The popular social media platform failed to meet a court-mandated deadline
China’s manufacturing sector experienced a significant slowdown in August, as indicated by the official factory survey. The purchasing managers’ index (PMI) dropped to a six-month low of 49.1, falling below the 50-mark that separates growth from contraction. This decline for the fourth consecutive month was unexpected, raising concerns about the state of the economy. The
Intel experienced an impressive 8.5% increase in its stock price due to news that the company is working with bankers to address weaknesses in its core business. This unexpected surge caught the attention of investors and analysts alike. It is essential to keep a close eye on Intel’s future strategies and decisions to see if
Dell recently reported quarterly results that exceeded Wall Street expectations, driven by an 80% increase in server sales. This surge in revenue led to a 9% increase in overall revenue compared to the previous year, reaching $25.03 billion for the fiscal second quarter. The company’s net income also soared, climbing 85% to $841 million. These
The Food and Drug Administration has recently authorized Novavax’s updated protein-based Covid vaccine for emergency use in individuals aged 12 and above. This approval paves the way for Novavax’s vaccine to compete with the current jabs offered by Pfizer and Moderna during the upcoming fall and winter seasons. Novavax’s vaccine is specifically designed to target
Warren Buffett, the legendary investor, turned 94 this week, and his conglomerate, Berkshire Hathaway, has reached unprecedented heights in terms of market capitalization. This achievement has led many in the investment world to reflect on the strategies and traits that have made Buffett the “Oracle of Omaha.” Howard Marks, a distinguished investor and friend of