Recent Posts

German energy giant Uniper gets $11bn for margin calls

  Bloomberg German energy giant Uniper SE was forced to borrow billions to pay down margin calls — the collateral that exchanges require to back up trades — as European gas and electricity prices rallied. Uniper got additional loans totaling 10 billion euros ($11.3 billion) from its Finnish parent Fortum Oyj and KfW IPEX-Bank, the company said in a statement ...

Read More »

The second drone age is here and it’s a free-for-all

  The pandemic has already given the future a distinctly dystopian look. And then there’s this: the burgeoning of the “second drone age.” That’s how experts are describing the international drone market — which ranges from tiny startups selling $1,000-to-$2,000 off-the-shelf technology that can be easily weaponised by terrorist groups, to high-tech unmanned vehicles that can carry laser-guided munitions and ...

Read More »

Millennials are spending like grown-ups

Millennials are growing up. After spending years splashing out on everything from skydiving excursions to Instagrammable vacations in Peru, 30-somethings with decent-paying jobs are making lasting purchases, buying cars, houses and everything inside them. The retreat from offices during pandemic has only cemented the urge to settle down and accumulate the trappings of adulthood. While Covid-era disruptions have been the ...

Read More »
Send this to a friend