Tag Archives: Worlds

Who is Bernard Arnault? Louis Vuitton chief passes Bill Gates as world’s second-richest person

Who is Bernard Arnault? Louis Vuitton chief passes Bill Gates as world’s second-richest person

Luxury goods mogul Bernard Arnault is now the richest man in the world, bumping Tesla (TSLA) CEO Elon Musk down to the second spot, according to the Bloomberg Billionaires Index. Arnault, who is chairman and chief executive of Louis Vuitton SE or LVMH (LVMUY), has seen more than a $7 billion loss in net worth in 2022 while LVMH stock is off roughly 6.58% during the same time period. It hasn’t been enough to keep him from taking the top spot, though, given that Musk’s net worth has plummeted… Source link

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Saudi Aramco — the world’s largest oil producer — just issued a dire warning over ‘extremely low’ capacity. Here are 3 stocks for protection

Saudi Aramco — the world’s largest oil producer — just issued a dire warning over ‘extremely low’ capacity. Here are 3 stocks for protection

‘The world should be worried’: Saudi Aramco — the world’s largest oil producer — just issued a dire warning over ‘extremely low’ capacity. Here are 3 stocks for protection The global oil market remains tight according to Saudi Aramco, the largest oil producer in the world. And that does not bode well for a world that still relies heavily on fossil fuels. “Today there is spare capacity that is extremely low,” Saudi Aramco CEO Amin Nasser says at a conference in London. “If China… Source link

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Oil Boom Falls Flat in Region With a Fifth of World’s Reserves

Oil Boom Falls Flat in Region With a Fifth of World’s Reserves

(Bloomberg) — From Saudi Arabia to West Texas, drillers are pumping more oil to cash in on a scorching price rally. But a region that’s home to a fifth of the world’s crude reserves is mostly missing out. Most Read from Bloomberg All over Latin America, the upside of $100 crude has been blunted by nationalist policies that tightened government control of the energy industry and sidelined the foreign investors who had helped boost production. Output from Brazil and Guyana is rising, but… Source link

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How the US Toppled the World’s Most Powerful Gold Trader

How the US Toppled the World’s Most Powerful Gold Trader

(Bloomberg) — In December 2018, a man in his early 30s was intercepted on arrival at Fort Lauderdale airport and taken to a room where two FBI agents sat waiting. Most Read from Bloomberg The target was scared and already on high alert — one of his associates had recently admitted to crimes he knew he’d also committed. Christian Trunz wasn’t a terrorist or a drug trafficker, but a mid-level trader of precious metals returning from his honeymoon. Crucially: he was also a longstanding… Source link

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USA women upset Jamaica for 4×100 relay gold at Worlds

USA women upset Jamaica for 4×100 relay gold at Worlds

The 4×100 meter relay is one of the most thrilling events in track and field, but because it requires precision for blind baton handoffs, you never quite know how races will shake out. It was no different on Saturday night in Eugene, Oregon. The men’s and women’s 4×100 medal races were held at the World Athletics Championships, and neither favorite won gold, instead taking silver. In the women’s race, the United States earned a surprise win, with Twanisha “TeeTee” Terry holding off Jamaica’s… Source link

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The world’s largest asset manager just cut its outlook for the stock market

The world’s largest asset manager just cut its outlook for the stock market

BlackRock (BLK) has downgraded its outlook for stocks amid increasing economic uncertainty and persistent inflation. Strategists at BlackRock’s Investment Institute said Monday the firm cut its exposure to developed market equities, citing aggressive intervention by central banks to tame rising prices across the global economy. “Right now, we think the Fed has boxed itself in by responding to political pressures to rein in inflation,” strategists led by Jean Boivin said in a note… Source link

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China has discreetly taken 10 per cent of the world’s market for hydrogen fuel-cell vehicles. Here’s a look at the company leading the charge

China has discreetly taken 10 per cent of the world’s market for hydrogen fuel-cell vehicles. Here’s a look at the company leading the charge

In a mountainous Guangdong provincial city best known for its masonry and quarries, Yunfu is quietly carving out a niche in the global supply of hydrogen fuel-cell vehicles, a revolutionary propulsion system crucial to help the world cut greenhouse gases. At Guangdong Nation Synergy Hydrogen Power Technology, or Sinosynergy, workers were seen during a recent visit installing storage bottles and hydrogen fuel stacks on a vehicle before its delivery to Ningxia province in northwestern China. The… Source link

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