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The Fort Worth Press - Economy (English)
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Airlines chief says jet manufacturers need to deliver
World airlines are "cautiously optimistic" for 2025, the industry body's head told AFP on Tuesday, while slamming the big plane manufacturers for not delivering new aircraft fast enough.
Boeing resumes production at Seattle plants after strike
Boeing has resumed production on the 737 MAX after a nearly three-month stoppage due to a lengthy labor strike in the Seattle region.
World stock markets mixed as rate calls loom, geopolitics weighs
Global stock markets were mixed Tuesday as traders eyed looming US inflation data and a key European interest rate call amid global political upheaval.
US firms up $6.2 bn Micron funding to boost chipmaking
US President Joe Biden's administration finalized nearly $6.2 billion in funding for Micron Technology on Tuesday, firming up a deal to boost domestic semiconductor production before Donald Trump returns to the White House.
UK pledges to cut government spending waste
UK government departments must find efficiency savings of five percent, finance minister Rachel Reeves insisted Tuesday, vowing to take an "iron fist" to public-spending waste.
Air passenger numbers to top five billion in 2025: IATA
Air passenger numbers are forecast to top five billion for the first time next year and the sector's revenues will break the trillion-dollar barrier, the global aviation body IATA said on Tuesday.
Stellantis, Chinese firm CATL plan $4bn battery plant in Spain
Car giant Stellantis and Chinese manufacturer CATL said Tuesday they would build a $4.3-billion factory to make electric vehicle batteries in Spain, the latest bid to boost Europe's troubled EV drive.
'Huge demand': Portugal dreams of becoming medical cannabis hub
"We should be the new El Dorado of medical cannabis production," said agronomist Jose Martins as dozens of workers harvested marijuana in bright sunshine at a farm in southeastern Portugal.
China's Xi warns 'no winners' in trade war with US
Chinese President Xi Jinping warned Tuesday that there would be "no winners" in a trade war with the United States and vowed the country would hit its growth goals for the year.
The trial of a king: ancient royal ritual in Cameroon promotes peace
Chatter muffled as members of a secret society, masked and garbed in honey-coloured robes, entered the court of Foumban, the historic capital of a centuries-old kingdom nestled in hilly northwestern Cameroon.
Hong Kong, Shanghai rally on China optimism as Seoul rebounds
Hong Kong and Shanghai stocks rallied Tuesday after China pledged to adopt a looser monetary policy to revive the stuttering economy, while Seoul rebounded after days of losses fuelled by the brief declaration of martial law by South Korea's president.
Gladstone Investment Corporation Prices Public Offering of 7.875% Notes due 2030
Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") today announced that it priced a public offering of $110.0 million aggregate principal amount of 7.875% Notes due 2030 (the "Notes") on December 10, 2024. The Notes will mature on February 1, 2030 and may be redeemed in whole or in part at any time or from time to time at the Company's option on or after February 1, 2027. The Notes will bear interest at a rate of 7.875% per year payable quarterly on February 1, May 1, August 1 and November 1 of each year, beginning February 1, 2025. The Company also granted the underwriters a 30-day option to purchase up to an additional $16.5 million in aggregate principal amount of Notes to cover overallotments, if any. The Company expects to list the Notes on the Nasdaq Global Select Market under the trading symbol "GAINI" within 30 days of issuance. Oppenheimer & Co. Inc., B. Riley Securities, Inc. and Lucid Capital Markets, LLC are acting as joint book-running managers for this offering. InspereX LLC, Janney Montgomery Scott LLC and Wedbush Securities Inc. are acting as co-managers for this offering.
abrdn Emerging Markets Equity Income Fund, Inc. (AEF) Announces Results Of Strategic Review Including: Changes To The Fund’s Name And Investment Strategy, A 20% Tender Offer And Renewed Performance-based Conditional Tender Offer Policy, And An Increase To Managed Distribution Policy
abrdn Emerging Markets Equity Income Fund, Inc. (NYSE American:AEF) announces results of a strategic review conducted by the Fund's Board of Directors (the "Board") at a meeting held today.
abrdn Income Credit Strategies Fund (ACP) Announces Change to Monthly Distribution Expected to be Maintained for at Least the Next 12 Months
abrdn Income Credit Strategies Fund (NYSE:ACP) (the "Fund"), a closed-end fund, announced today that it has reduced its monthly distribution from US 10 cents per share to US 7.75 cents per share, commencing with the distribution payable on January 10, 2025 to shareholders of record as of December 30, 2024 (ex-dividend date December 30, 2024).
Abrdn Income Credit Strategies Fund 5.25% Series A Perpetual Preferred Shares Declare Quarterly Dividend
The Board of Trustees of abrdn Income Credit Strategies Fund (the "Fund"), has declared a cash distribution of $0.328125 per share of the Fund's 5.250% Series A Perpetual Preferred Shares (NYSE:ACP PRA) ("Series A Preferred Shares"). The distribution is payable on December 31, 2024, to holders of Series A Preferred Shares of record on December 20, 2024 (ex-dividend date December 20, 2024).
Valsoft Corporation Expands in the Construction Software Industry With the Acquisition of Buildsoft
Valsoft Corporation Inc. ("Valsoft"), a Canadian company specializing in the acquisition and development of vertical market software businesses, is pleased to announce the acquisition of Buildsoft, a pioneer in estimating, takeoff, and tender management solutions for the construction industry, serving Australia and international markets for over 40 years.
Tecogen Receives Orders for 8 Tecopower Cogeneration Systems
Tecogen Inc. (OTCQX:TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce orders for eight 75KW Tecopower cogeneration systems for multiple buildings and customers in the Northeast. These orders were generated through Tecogen's project developer relationships.
Gryphon Digital Mining Signs Definitive Agreement for Natural Gas Assets, Securing Low-Cost Power of 100 MW, Expandable and Scalable to 1 GW
Pending acquisition is expected to deliver:Natural gas asset in Canada with 5+ Tcf of contingent resourcePhase 1 power generation of 100 MW with expansion potential up to 1 GWAll in energy costs of less than $0.03/KWH
Hygreen Energy Delivers 25MW Electrolyzer System to Largest Hydrogen Project in Shandong
Commissioning of Hygreen’s alkaline electrolyzer system is expected to be completed in Q1 of 2025
SOLO(TM) Micro Modular Reactor Takes Over Wall Street: At NYSE, SOLO Redefines the Future of Clean Energy with Existing, Validated, and Qualified 1MWe Nuclear Technology
Terra Innovatum Makes Global Debut Interviewing at NYSE to Introduce SOLO™: The World's First Micro Modular Nuclear Reactor Set for Commercial Launch by 2028
QS Energy Achieves Phase 4 Milestone with Southeast Asia’s Leading Energy Producer
Advancing Energy Efficiency and Expanding AOT Deployment Globally
OakWood Designers & Builders Wins Consumer Choice Award for Home Renovation & Design in Ottawa
Consumer Choice Award (CCA) is excited to announce OakWood Designers & Builders as Ottawa's Home Renovation & Design category winner. This prestigious award highlights OakWood's commitment to delivering exceptional craftsmanship, innovative designs, and sustainable building practices for over 65 years.
B&P Cycle and Sports Wins Consumer Choice Award for Bicycle Sales and Services in Southern Alberta
Consumer Choice Award (CCA) proudly announces that B&P Cycle and Sports has won in the Bicycle Sales and Services category in Southern Alberta. This prestigious award recognizes businesses with exceptional service, product quality, and customer satisfaction.
Murdoch loses 'Succession' battle for son's control of media empire: report
Rupert Murdoch's audacious bid to cement his eldest's son's control over one of the world's most influential media empires has failed, a US report said Monday.
Google announces quantum computing chip breakthrough
Google on Monday showed off a new quantum computing chip that it said was a major breakthrough that could bring practical quantum computing closer to reality.
French film director goes on trial over child actor abuse
A French filmmaker accused of sexually assaulting actor Adele Haenel when she was 12 went on trial in Paris on Monday, five years after her allegations fired France's #MeToo movement.
Zimbabwe's sick turn to herbalists over ailing health system
When Agnes Kativhu could not get treatment for breast cancer from Harare's main public hospital, she checked in to one of the many self-styled herbal clinics opening up across Zimbabwe's capital.
French director accused of abusing actor Haenel goes on trial
A French filmmaker accused of sexually assaulting actor Adele Haenel when she was 12 went on trial in Paris on Monday, five years after her allegations fired France's #MeToo movement.
Cash crunch fuels rising misgivings against Nigeria's money agents
Mobile money agents have become a familiar sight across Nigeria, using handy point-of-sale machines to provide essential services to millions of people without access to banking, particularly in hard-to-reach rural areas.
Air India buys 100 more Airbus aircraft
Air India has placed an order to buy 100 more Airbus aircraft, the Tata Group-owned carrier said Monday, in a deal aimed at bolstering its fleet and winning over flyers.
German VW workers kick off second round of strikes
Thousands of Volkswagen workers walked out on Monday in the second round of strikes in the escalating conflict between unions and management over the German carmaker's drastic savings plans.
China's leaders vow more 'relaxed' monetary policy in 2025
Chinese President Xi Jinping and other top leaders said Monday they would adopt a more "relaxed" approach to monetary policy as they hashed out plans to boost the economy next year.