WASHINGTON — In his first public remarks since taking over as Acting Secretary of the Navy, Hung Cao told an industry audience that the service is open to business with new and alternative entrants, as long as they can supply what the service needs. “I’m asking you, our partners in industry, to help us develop…
Over the last several years, Microsoft almost single-handedly established the market for carbon dioxide removal technologies, a nascent field that aims to scrub the planet-warming gas from the atmosphere to counter climate change. But now, Microsoft is stepping back from the industry it helped create, telling some companies that it is pausing future purchases of…
Shorouk Express “War is peace, peace is war.” In chorus with big arms manufacturers, the European Commission seems to have adopted the famous dictum from George Orwell’s dystopian novel Nineteen eighty-four. Both are trying to persuade financial markets that arms production can be considered sustainable. The defence sector is seeking access to the growing pool…
Shorouk Express “I am trying to explain to the Chinese that their trade surplus is untenable and that they are killing their own customers, mainly by not importing much from us,” the French leader said. A similar imbalance exists between Europe’s €232 billion investment stock in China — the total value of accumulated portfolio investments…
Shorouk Express Economy Materials 23 November 2025 04:06 (UTC +04:00) Overall, Turkmenistan’s light industry segment this week recorded full price stability and consistent supply across textiles, mineral-based cosmetics, and household goods, reaffirming steady market conditions on the exchange. Access to paid information is limited If You already have a account, please…
Shorouk Express NARVA, Estonia — Right on the Russian border, Europe’s first commercial-scale rare-earth magnet factory is starting to supply automotive and green tech customers from a forgotten corner of Estonia. The project represents an act of defiance against Russian aggression. It’s a bid to counter China’s chokehold over critical minerals that is Beijing’s trump…
Goldman Sachs has agreed to acquire Industry Ventures, a 25-year-old, San Francisco-based investment firm with $7 billion in assets under management, CNBC was first to report on Monday. The deal underscores the growing importance of secondary markets and buyouts as traditional venture exits remain sluggish. The investment bank is paying $665 million in cash and…
Shorouk Express The moves echo a French proposal backed in July by Europe’s steel lobby EUROFER and 11 EU nations, including Spain and Italy. That plan proposed slashing the bloc’s current steel safeguard quotas by 40 percent to 50 percent. Imports exceeding the quotas would catch a 50 percent tariff. “As a non-EU country, we…
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Shorouk Express Economy Materials 26 July 2025 03:13 (UTC +04:00) Hotel industry revenues in Azerbaijan rose by 9.2 percent in the first half of 2025, reaching $170.5 million, driven primarily by room and catering services. Despite the income growth, overall capacity utilization remained low at 21.4%, with notable regional variations led by Shabran…
