American billionaire Elon Musk’s company Neuralink has moved its legal headquarters from the state of Delaware to the state of Texas. The news comes about a week after Musk announced that he wants to move the legal headquarters of electric car maker Tesla from Delaware to Texas and that he will put the move to … Read more
When Petr Kellner, the richest Czech and the majority owner of the PPF business empire, died tragically in Alaska almost three years ago, few knew what his wife looked like. But that has changed and Renáta Kellnerová is now practically synonymous with PPF. In an interview with the Bloomberg agency, she described her ideas about … Read more
The city of Magnitogorsk in the Ural Mountains was designed and built to become a symbol of Soviet industrial power and economic modernization. Today, a Chinese engineering giant and hundreds of Chinese workers are building a new coking plant for 75 billion rubles (19 billion CZK) in this steel city, reports Bloomberg. The contract between … Read more
[The Epoch Times, December 05, 2023](The Epoch Times reporter Yang Ri reported in Hong Kong) Financial Secretary Paul Chan Mo-po said at the Financial Affairs Committee of the Legislative Council yesterday (4th) that it is expected that there will still be great uncertainty in the economy next year. The comprehensive deficit for this year is … Read more
Most foreign bond investors who buy large Chinese real estate developers do not have CDS protection. (Bloomberg) [Financial Channel/Comprehensive Report]China’s Credit Default Swap (CDS) is not booming. Despite this, there are still many investors who buy overseas bonds of Chinese real estate developers without the risk of CDS. Once the Chinese real estate is not … Read more
we unlock >>> The world, including the Czech Republic, is flirting with the era of the second wave of inflation. At least that’s what Bloomberg data suggests, according to which the global economy experienced the strongest inflationary upswing in the past two months since last fall. While at the beginning of August the speedometer of … Read more
“Due to the current market situation, vehicle production will be limited at the Volkswagen plant in Cvikau (Zwickau) during the autumn holidays in Saxony from October 2 to 13,” said a spokeswoman for the concern. Production of the ID.3 in Dresden will be suspended from October 2nd and resumed from October 16th. Volkswagen is negotiating … Read more
According to the information available to the agency, the European Commission, as the main institution of the European Union, wants to propose a three-step plan that will allow for the legal transfer of more than several billion euros to the European Union budget. First of all, it is planned to determine specific financial obligations and … Read more
Some large media houses or news sites have blocked the GPTBot artificial intelligence tool from accessing their texts. The robot, which draws data from open sources, was quietly launched on August 8 by OpenAI, the company behind the chat tool ChatGPT. But the American media The New York Times and CNN, the Australian station ABC … Read more
Flamingo Company Examines American Absenteeism in the Workplace A recent study conducted by Flamingo Company has shed light on the issue of absenteeism among American workers in the past five years. The study involved approximately 300 businesses and over 10,000 employees. On August 24th, a staggering 0.9 percent of employees called in sick due to … Read more