Continental, the German auto-parts maker, revealed plans to restructure its automotive business division in an effort to save hundreds of millions of euros annually. The company aims to achieve savings of around 400 million euros ($427.4 million) starting from 2025 through the proposed changes. The exact number of job cuts in the automotive segment has not been determined yet, … [Read more...] about Continental Announces Restructuring, Anticipates Job Cuts
Airbus receives order for 30 A220-300 airliners from airBaltic
By Andrea Figueras Airbus has secured a new order from airBaltic for an additional 30 A220-300 airliners, although the details of the contract remained undisclosed. This latest order will significantly contribute to airBaltic's firm orderbook, bringing the total number of aircraft ordered to 80. This achievement positions the Latvian airline as the largest customer of this … [Read more...] about Airbus receives order for 30 A220-300 airliners from airBaltic
Cryptocurrency Market Update
Most major cryptocurrencies experienced a downturn during morning trading on Monday, with Cardano (ADA) seeing the largest decline, tumbling 4.94% to 37 cents. Major Declines Among the seven additional currencies that posted reductions on Monday: Polygon (MATIC) dropped 4.02% to 88 cents. Polkadot (DOT) shed 3.58% to $5.56. Ripple (XRP) shed 3.58% to 65 cents. Dogecoin (DOGE) … [Read more...] about Cryptocurrency Market Update
North America’s LNG Export Capacity to Double in Four Years
The U.S. Energy Information Administration (EIA) has announced that 10 new projects across the United States, Canada, and Mexico will significantly increase North America's liquified natural gas (LNG) export capacity within four years. According to EIA's forecast, the continent's LNG export capacity is expected to surge from the current 11.4 billion cubic feet per day (Bcf/d) … [Read more...] about North America’s LNG Export Capacity to Double in Four Years
Applied Materials Faces Disappointment in Chip Market
Applied Materials, a prominent manufacturer of semiconductor-manufacturing equipment, may experience a substantial letdown alongside other chip-related stocks in the upcoming year, as suggested by Susquehanna's analysis. Neutral Rating for Applied Materials Shares Analyst Mehdi Hosseini recently reiterated a Neutral rating for Applied Materials shares (ticker: AMAT) and … [Read more...] about Applied Materials Faces Disappointment in Chip Market
