According to Paul Livingston, the chairman of Lockheed Martin's British branch, the American military-industrial conglomerate aims to erect a satellite manufacturing facility in the United Kingdom. The business is seeking suppliers in the Newcastle region, where the UK already has a core for space companies, the newspaper claims. The newspaper reports that if the government invites competitive...

One of the biggest merchants in the world, Trafigura, purchased nickel from Indian businesses. Containers of regular steel arrived at the port of destination instead of nickel. According to the trader's assessment of the losses, the corporation was cheated of $577 million in a conspiracy to swap nickel unlawfully. One of the biggest raw material merchants in the world, Trafigura Group, said that...

Swiss bank Credit Suisse released its 2022 results for the entire year and the fourth quarter. In contrast to 2021, Credit Suisse finished 2022 with a loss of 7.3 billion Swiss francs ($7.9 billion). Since the start of the global financial crisis in 2008, this was the largest annual loss. The bank's annual income decreased 34% to 14.9 billion Swiss francs ($16.2 billion). The bank's revenue for...

According to the Handelsblatt newspaper, which cited government sources, US-based Intel has asked the German government for an additional €3 billion in subsidies on top of the €6.8 billion it has already approved for the country's chip factory project, despite the crisis and inflation-targeting policies. A new semiconductor factory for Intel would be constructed in Magdeburg. However, the firm...

For 2022, the UK oil and gas firm BP recorded record earnings. Underlying replacement cost profit for the business, which is a metric similar to net income, was $27.7 billion, an increase of 116% from 2021. For BP and other oil and gas firms, last year was an overachievement as rising global oil prices increased revenues greatly. The increase in revenue was sufficient to offset a $25.5 billion...

According to a joint press release from Renault and Nissan, the French automaker will reduce its ownership of Nissan from 43.4 percent to 15 percent, and Nissan plans to purchase a 15 percent stake in the electric vehicle manufacturer Ampere. "The French trust will receive a 28.4% share in Nissan from the Renault Group. Nissan and Renault Group will maintain a 15 percent cross-shareholding," the...

The biggest cryptocurrency exchange, Binance, announced that it would temporarily halt buying and selling of cryptocurrencies for dollars from February 8. Binance announced on its official Twitter account that it was temporarily suspending all bank transfers in USD since February 8. It is stated that just a small portion of customers will be impacted by the action, and that the exchange is...

Ryanair set a record for the month of January by carrying 11.8 million passengers. After the COVID-19 epidemic, the carrier has continued to aggressively increase capacity. The largest airline in Europe by passenger volume recorded a 300,000 increase in passenger traffic from December to January. For the first time in at least 10 years, there were more passengers throughout the time period. The...

German BMW announced that it had increased the suggested retail pricing for certain of its models marketed in China as a result of growing transportation and raw material costs. The price hikes take effect right away. BMW increased the Manufacturer's Suggested Retail Price (MSRP) for 17 models in China, including the 5-series sedans and X5 crossovers, according to Shanghai Securities News....