Author: Lucas

Bitcoin is standing at a pivotal moment – will it continue its record run or is it out of steam? The warning signs are flashing things are about to go south, writes ASX Trader. It’s been pronounced … Source link

Australians have overwhelmingly backed a campaign to bring manufacturing back to our shores, as industry groups warn the sector is at a “tipping point”.More than 10,000 people responded to a poll as part of News Corp’s Back Australia campaign, which aims to turbocharge Australian industry. Of those who responded, 95 per cent said they wanted to “bring back manufacturing to Australia” and 50 per cent said they bought Australian made products to support jobs here.Prime Minister Anthony Albanese, who along with some of Australia’s biggest businesses including Westpac, Coles and Bunnings and business leaders Andrew Forrest, Dick Smith and Katie…

US air traffic controllers are increasingly looking for second jobs and calling out sick, as they continue to work without a paycheque during the government shutdown, the transportation secretary said on Sunday. “The controllers are wearing thin,” Secretary Sean Duffy told Fox News, as a ground stop was issued for much of the California coast due to staffing shortages. After the government shut down on 1 October, controllers, who are considered essential workers, were told to keep doing their jobs without pay.But some have been absent, leading airports to stop or slow their plane traffic and add to delays caused…

The Dangote Petroleum Refinery is set to become the world’s largest oil refining facility, as the Dangote Group on Sunday announced plans to expand its production capacity from 650,000 barrels per day (bpd) to 1.4 million bpd. President of the Dangote Group, Aliko Dangote, disclosed this during a press conference in Lagos, saying the ambitious expansion underscored renewed confidence in Nigeria’s economic future and aligns with President Bola Tinubu’s vision of making the country a global hub for refined petroleum products. “We are more than doubling the barrels… to 1.4 million from 650,000,” Dangote told journalists. “This will make it…

Nicole Lux, the report’s author, said: “Those steps renewed banks’ appetite for new lending, with loans now offered at highly competitive rates. Lender sentiment has turned increasingly bullish, with … Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Chinese investment in Europe rose for the first time in seven years in 2024, driven by a surge in electric vehicle and battery projects in Hungary, even as Chinese groups increasingly shunned the UK, Germany and France.Total Chinese foreign direct investment in the EU and UK climbed 47 per cent to €10bn last year, according to data from the Berlin-based Mercator Institute for China Studies and consultancy Rhodium Group. While the rebound marked a break in the downward trend, total FDI was…

On Friday, Pennsylvania-based Conestoga Capital Advisors disclosed selling 855,435 shares of Vertex (VERX +0.43%), an estimated $24.8 million transaction based on average prices in the third quarter.What HappenedAccording to an SEC filing released Friday, Conestoga Capital Advisors reduced its position in Vertex by 855,435 shares during the quarter ended September 30. The estimated value of the shares sold was approximately $24.8 million, calculated using the average closing price from July 1 to September 30. At the end of the quarter, the fund reported holding 2.5 million shares of Vertex.What Else to KnowThis was a reduction, not a full exit; Vertex…

Credit: Joshua Sortino/Unsplash. Where does gold really come from? It turns out that the glittering metal on Earth has its roots in violent cosmic events — like exploding or colliding stars. Scientists have long known that gold, platinum, and other heavy elements are made through a process called the rapid neutron-capture process (or r-process), but many details have remained mysterious. Now, physicists from the University of Tennessee (UT) have made three major discoveries that bring us closer to understanding how the universe creates gold. Their work, published in Physical Review Letters, could help improve models of how stars manufacture heavy…

The Dangote Petroleum Refinery has announced plans to expand its processing capacity from 650,000 barrels per day (bpd) to 1.4 million bpd, positioning it as the largest refinery in the world upon completion. President of the Dangote Group, Alhaji Aliko Dangote, made this known during a media briefing in Lagos on Sunday, alongside the Chairman of First Bank, Femi Otedola.“We are expanding the Dangote Petroleum Refinery from 650,000 barrels per day to 1.4 million barrels per day. Upon completion, this will make it the largest refinery in the world, surpassing the Jamnagar Refinery in India,” Dangote said. He stated that…

Transportation Secretary Sean Duffy said thousands of air traffic controllers are going to get a paycheck with no money in it this Tuesday, and American travelers should expect that to mean more delays at airports.”They get a notice of what they’re going to be paid on Tuesday, and they got a big fat zero. No paycheck is coming on Tuesday,” Duffy told Fox’s Sunday Morning Futures. “I’m seeing the stress come for the controllers,” he told Fox host Maria Bartiromo.Flight delays have accelerated since the federal government shut down on Oct. 1, forcing some federal workers like air traffic controllers…