ZURICH—Siemens has signed a 3 billion euro ($3.25 billion) contract to supply and service freight trains in India, the German engineering company said on Monday, the biggest locomotive deal in its history. Siemens will deliver 1,200 electric locomotives and provide servicing for 35 years under the agreement, also its biggest ever in India. The Siemens-designed,…
Siemens Signs 3 Billion Euro Train Deal in India
ZURICH—Siemens has signed a 3 billion euro ($3.25 billion) contract to supply and service freight trains in India, the German engineering company said on Monday, the biggest locomotive deal in its history. Siemens will deliver 1,200 electric locomotives and provide servicing for 35 years under the agreement, also its biggest ever in India. The Siemens-designed,…
AerCap CEO Says Aircraft Makers’ Output Delays to Last Years
DUBLIN—The world’s largest aircraft lessor AerCap on Monday warned that delivery problems at Boeing and Airbus were likely to last years and that manufacturers were giving airlines too little notice about delays. Over-promising and under-delivery is likely to be an issue with manufacturers “for years to come,” AerCap chief executive Aengus Kelly told the annual…
CNN Leaving CNN Center Building in Downtown Atlanta
ATLANTA—CNN is moving out of the CNN Center, its longtime downtown Atlanta home by the end of this year. The cable channel’s weekday anchors are all already in New York or Washington, but CNN still has digital and CNN International operations in Atlanta. Spokesperson Bridget Leininger confirmed in an email that the remaining CNN staff…
Elon Musk Mocks WEF as Global Elite Gather in Davos
January 16, 2023
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Business & MarketsCompaniesDavoseconomic policiesElon MuskInternationalWorldWorld Economic Forum (WEF)
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Tesla CEO Elon Musk took to his newly acquired social media platform over the weekend to make a series of quips aimed at the global organization, the World Economic Forum (WEF). The WEF’s annual meeting in Davos, Switzerland—which features a host of international leaders, central bankers, Wall Street executives, and celebrities—began on Monday and will…
China’s Solar Energy Tycoon Detained by Authorities: Reports
January 16, 2023
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Asia & PacificBusiness & MarketsChinaChina Business & EconomyCompaniesdefaultFinance & Business TiesHanergyLi HejunSocial Issuessolar energySpecial TopicsWorld
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Li Hejun, the founder of China’s solar energy giant Hanergy Thin Film Power Group, was taken away by police in China’s northeastern Liaoning Province on Dec. 17, according to Caixin, a major Chinese financial news portal. Li was detained by police to “assist investigators” and hadn’t been seen as of the time of reporting, Caixin…
Trump Tax Cuts Reduced Corporate Effective Rates, but Boosted Revenue: GAO Report
The average effective tax rate, or the proportion of income paid after tax breaks, among profitable major firms dropped from 15.7 percent in 2014 to 8.9 percent in 2018, according to a new study (pdf) by the Government Accountability Office (GAO). Despite lower rates, tax contributions from large profitable companies increased from 2016 to 2018, due…
Big Vaccine Makers ‘Pressured’ Twitter to Censor Activists Pushing for Generic Vaccines: Twitter Files
January 16, 2023
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BioNTechBusiness & MarketsCCP VirusCompaniesMedia & Big TechModernaPfizertwitter filesUSVaccineVaccines & Safety
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Big Pharma companies, which reaped billions of dollars in COVID vaccine sales, allegedly pressured Twitter to censor activists who pushed for the sharing of knowledge needed to make generic vaccines, according to the latest addition to the “Twitter Files.” In 2020, there was an “international push” to force the drug industry to make its COVID…
Texas Brewery Cancels Kyle Rittenhouse Fundraiser Against Censorship
January 16, 2023
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Business & Marketscancel cultureCompaniesFeatured TopicsKyle RittenhouseLocal NewsPoliticsRegional-Local NewsTexasUS
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A Texas-based brewery recently decided to cancel a fundraising event featuring Kyle Rittenhouse, a man who rose to national media attention after he shot and killed two people during a riot in Kenosha, Wisconsin, in 2020, and who was found not guilty of murder after he argued he acted in self-defense. The Southern Star Brewing…
Arizona Farmers Say Illegal Alien Traffic Through Fields Contaminates Crops and Threatens Food Security
January 16, 2023
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agricultureArizonaBorder WallBusiness & MarketsCompanieseconomic policieseconomyExecutive Branchillegal aliensJudiciaryLocal NewsMarketsNational SecurityPolicies & ImpactsPoliticsRegional-Local NewsUS
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Arizona farmers are warning that illegal alien traffic through farmland is contaminating crops and threatening the nation’s food security. The border crisis is putting the nation’s food security in danger, two Arizona farmers with fields near the southern border told Fox News in an exclusive. President Joe Biden promised Arizona residents earlier this month that he…
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