Archiv: Profit (de / en)


04.05.2024 - 08:12 [ Middle East Eye ]

Egyptian militia leader Organi unveils plans for ‘Sisi City’ at Israel border

Prior to merging it with the newly declared union, Organi led the Union of Sinai Tribes (UST), a pro-government paramilitary group set up in 2015 to support the Egyptian army in its battles against a local offshoot of the Islamic State (IS). The UST’s mission in Sinai has been unclear since the IS-affiliate group known as the Sinai Province was officially defeated in 2022.

The bloody, 10-year campaign in the Sinai has almost completely razed Rafah and uprooted thousands of members of the indigenous Bedouin population, leaving most towns and villages pulverised.

04.05.2024 - 07:55 [ Middle East Eye ]

Egypt detains ten pro-Palestine protesters on charges of ‚spreading fake news‘

(04.04.2024)

Wednesday’s demonstration was held in front of the Journalists‘ Syndicate in Cairo, where dozens of journalists and activists gathered to protest against the ongoing Israeli onslaught on Gaza.

Activists shared videos of one of the protesters chanting against business tycoon and government ally Ibrahim al-Organi, whose companies have been charging Palestinians thousands of dollars to exit Gaza.

17.04.2024 - 06:24 [ FederalTimes.com ]

Lawmakers still benefitting from share trading in defense stocks

(02.04.2024)

With the onslaught of new wars, Congress added $70 billion over the last two years to an already bloated Pentagon budget, much of which is funneled directly into the coffers of defense contractors like Palatir, Lockheed Martin, and Northrop Grumman. The stock values in these companies have since experienced double-digit growth – a lucrative business opportunity not overlooked by lawmakers calling the shots.

At least 25 members of Congress sitting on national security committees have simultaneously purchased stock in these very same companies. The majority of these members sit on the Senate and House Armed Services committees, the entities responsible for overseeing the Defense Department budget and contracts.

17.04.2024 - 06:04 [ Newsweek ]

Politicians Profit as Military Stocks Soar Since Hamas-Israel Conflict

(02.11.2023)

Since the October 7 attack by Hamas on Israel, in which more than 1,400 Israelis were killed, shares of Boeing Co, Lockheed Martin, Northrop Grumman, and Raytheon Technologies (RTX) have all increased in value, collectively adding roughly $23 billion in market capitalization.

In the weeks preceding the attack, Markwayne Mullin, Kevin Hern, Bill Keating, and Josh Gottheimer purchased shares of those defense companies.

10.04.2024 - 16:00 [ CNN ]

What the Israel-Hamas war means for defense stocks

(18.10.2023)

When war breaks out, defense companies tend to make money. That means aerospace and defense stocks tend to rise during geopolitical unrest.

21.01.2024 - 07:37 [ NPR.org ]

War in Gaza drove them from their homes. Now, many Palestinians can‘t even find tents

This month, a small tent cost Abu Salah 700 shekels, or about $185, he said. That‘s cheap, he added: People occupying nearby shelters paid double, or more.

„Opportunists are making use of this war. They hope this war continues so they can keep making money,“ Abu Salah said.

Some people have posted on social media offering tents for rent or sale. Some may be trying to make money, Palestinians told NPR, while others say they were forced to sell shelter materials in order to pay for food and water.

28.09.2023 - 11:43 [ France24.com ]

Live: French and UK defence ministers visit Kyiv for talks on more military aid for Ukraine

The visits came ahead of Kyiv‘s first Defence Industries Forum, where Ukrainian officials were set to meet representatives from over 160 defence firms and 26 countries.

Ukraine has repeatedly asked for more Western weapons, including longer-range missiles, to help break through Russian positions and launch strikes deep within Russian-controlled territory.

31.08.2023 - 13:27 [ Reuters ]

BAE Systems forecasts more growth on Ukraine conflict boost

(February 23, 2023)

BAE, whose biggest customers are the United States, Britain, Saudi Arabia and Australia, forecast earnings per share (EPS) would rise 5% to 7% this year, after it posted a 9.5% rise in underlying EPS for 2022 on Thursday, beating forecasts on strong performances from its maritime and cyber units.

17.08.2023 - 19:38 [ Tagesschau.de ]

USA erteilen „Arrow 3“-Freigabe: Israels „historischer“ Rüstungsdeal kann kommen

Am Ende sei es die Leistungsfähigkeit von „Arrow 3“ gewesen, die auch die Bundeswehr und die deutsche Bundesregierung überzeugt habe. So der Inspekteur der Luftwaffe, General Ingo Gerhartz in einem Interview im israelischen Fernsehen: „Das System hat große Fähigkeiten. Und es gibt nun mal die Bedrohung durch Langstreckenraketen.“

17.08.2023 - 19:32 [ ZDF ]

Raketenabwehr für Deutschland

Deutschland steht vor einem großen Rüstungsdeal, da die USA Israel die Erlaubnis für den Verkauf des Raketenabwehrsystems Arrow 3 gegeben haben. Bis Ende 2025 soll es einsatzbereit sein.

Arrow 3 kann auch ballistische Raketen, abgefeuert aus einer Entfernung von bis zu 2.400 Kilometern abfangen – ein Vorteil, auch für Deutschlands Nachbarländer bei möglichen Angriffen.

17.08.2023 - 19:20 [ ABC News ]

Israel clinches largest-ever defense deal with Germany for $3.5 billion after securing US approval

Although Israel has long had close economic and military links with western European countries, the deal with Germany could draw the attention of Russia. Israel has maintained working relations with Russia throughout the war in Ukraine and has repeatedly rebuffed requests to sell arms to Kyiv for fear of antagonizing Moscow.

16.06.2023 - 15:21 [ ORF.at ]

Israel vor Verkauf Hunderter Panzer nach Europa

Laut dem Onlineportal der Tageszeitung „Yediot Ahronot“ sollen die Panzer an zwei namentlich nicht genannte Länder geliefert werden – eines davon in Europa.

Ob diese Panzer letztlich für die Ukraine bestimmt sein könnten, bleibt in dem Artikel unklar.

28.05.2023 - 11:06 [ TaxResearch.org.uk ]

Suppose we have an interest rate / inflation spiral now, and it’s been created by the Bank of England?

I suspect the Bank to deny this, but they have already admitted their models of inflation based on their own understandings of the issue do not work, so little weight should be given to that.

Instead it‘s time to cut rates and remove the only excuse businesses have to increase prices because interest rates are the only cost expected to remain high, and excessively so, from now into the future.

28.05.2023 - 10:55 [ theGuardian.com ]

Bank of England raises UK interest rates to 4.5%

(11 May 2023)

The Bank of England has raised interest rates by a quarter of a point to 4.5% as it forecast inflation would stay higher for longer than previously expected and the economy would perform more strongly.

28.05.2023 - 10:47 [ Sky.com ]

Supermarkets ‚to be urged to cap price on some foods‘

The scheme would aim to get retailers charging the lowest possible amount for some basic products like milk and bread, the Sunday Telegraph reported.

A Number 10 source said the plans are at „drawing board stage“ and would not involve government-imposed price controls.

06.05.2023 - 16:24 [ Club der Klaren Worte ]

Die Spur des Geldes

Häufig liest man an vielerlei Stellen, die Pandemie sei geplant gewesen. Belege dafür liefert kaum jemand. Es scheint an der Zeit, einmal zu fragen, wer denn überhaupt ein Motiv dafür gehabt haben könnte.

17.04.2023 - 11:22 [ Yahoo.com ]

Oil Steady After Four Weekly Gains as IEA Warns of Price Rises

West Texas Intermediate futures traded above $82 a barrel after posting the longest run of weekly gains since June. A surprise production cut by OPEC+ will tighten the market more than previously expected and lead to further price increases, inflicting more pain on consumers, the IEA said on Friday.

17.04.2023 - 10:42 [ Fortune ]

Saudi Arabia’s national oil company raked in a record $161 billion profit last year, as the Ukraine war and OPEC+ drove a 46% increase

(12.03.2023)

Aramco boosted its dividend — a crucial source of funding for the Saudi Arabian government — to $19.5 billion for the final quarter, up 4% from the previous three-month period.

US and European peers such as Chevron Corp. and Shell Plc also reported blowout earnings and are returning billions of dollars to shareholders through larger dividends and buybacks. Aramco, until now, has instead focused on using its extra cash to increase output.

12.03.2023 - 20:46 [ rferl.org ]

Russia‘s War In Ukraine Helps Oil Giant Saudi Aramco Post Historic $161 Billion Profit In 2022

The announcement came off the back of energy prices rising after Russia launched its war on Ukraine in February 2022, with sanctions limiting the sale of Moscow‘s oil and natural gas in Western markets. Aramco‘s results mirror the huge profits seen at U.S. and British oil giants.

12.03.2023 - 20:29 [ ORF.at ]

Saudischer Ölkonzern Aramco meldet 161 Mrd. Dollar Gewinn

Der saudi-arabische Ölkonzern war erst 2019 an die Börse gegangen. Er ist das zweitwertvollste Unternehmen der Welt nach Apple. 2022 meldeten auch fünf weitere Ölgiganten Rekordgewinne: Shell, Chevron, ExxonMobil, BP und TotalEnergies.

05.03.2023 - 14:32 [ Alexandria Ocasio-Cortez / Twitter ]

When I opposed this Amazon project coming to New York bc it was a scam of public funds, the whole power establishment came after us. Billboards went up in Times Sq denouncing me. Powerful pols promised revenge. Op-Eds & CEOs insulted my intelligence. In the end, we were right.

05.03.2023 - 14:03 [ macrotrends.net ]

Amazon Gross Profit 2010-2022 | AMZN

Amazon annual gross profit for 2022 was $225.152B, a 14.01% increase from 2021.
Amazon annual gross profit for 2021 was $197.478B, a 29.28% increase from 2020.
Amazon annual gross profit for 2020 was $152.757B, a 32.85% increase from 2019.

02.03.2023 - 11:41 [ CNN ]

Biden administration approves potential sale of missiles for F-16s to Taiwan

(today)

The official noted Taiwan will use its own funds for the purchase. (…)

A news release from the US Defense Security Cooperation Agency on Wednesday said the defense contractors for the munitions and equipment will be Raytheon and Lockheed Martin.

02.03.2023 - 11:38 [ New York Times ]

Lawmakers Return From Taiwan Clamoring to Speed Up Weapons Deliveries

(22.02.2023)

Mr. Gallagher was one of five House lawmakers who traveled to Taiwan during the congressional recess, meeting with top political, national security and business leaders to discuss how to enhance security and economic cooperation between Taipei and Washington.

02.03.2023 - 11:37 [ theHill.com ]

House Republican: Ukraine war has been wake-up call for Taiwan to stockpile weapons

(22.02.2023)

Gallagher, a former Marine Corps intelligence officer and chairman of the House select committee on China, also said it is urgent for the U.S. to send weapons to Taiwan in an effort to prevent China from invading the country and the possibility of a third World War from happening.

23.02.2023 - 21:04 [ Bloomberg ]

Russian Oil Flows to China Hit Highest Levels Since Ukraine Invasion

(20.02.2023)

Russian exports of discounted crude and fuel oil to China have jumped to record levels as the re-opening of the world’s biggest energy importer gathers pace after the dismantling of Covid Zero.

23.02.2023 - 20:56 [ ResponsibleStatecraft.org ]

Ukraine War at One Year: How the Ukraine war helped the arms trade go boom

(February 21, 2023)

As the war drags on, demand for weapons will likely continue to rise in Europe as Ukraine’s supporters rebuild their stockpiles and modernize their militaries. But, as Jeff Abramson of the Arms Control Association argues, the weapons build-up will not end alongside the conflict. Instead, arms sales will likely continue to rise as weapons makers compete for clients in regions far removed from eastern Europe.

“Once you revitalize and grow that industry, you will see increased flows of weapons outside of the conflict in Ukraine,” Abramson told RS. “That is the history of a burgeoning arms market — it doesn’t stop [with] Ukraine.”

23.02.2023 - 20:39 [ RTE.ie ]

How the world‘s arms giants are making billions from Ukraine war

(11 Mar 2022)

The Russian invasion of Ukraine has been widely condemned for its unjustified aggression. There are legitimate fears of a revived Russian empire and even a new world war. Less discussed is the almost half trillion dollar (€453 billion) defence industry supplying the weapons to both sides, and the substantial profits it will make as a result.

23.02.2023 - 20:22 [ New York Times ]

What Exxon and Chevron Are Doing With Those Big Profits

(Feb. 1, 2023)

The variables that will determine oil companies’ profitability this year are largely out of their control — in both supply and demand. The war in Ukraine could expand or not; a recession in the United States and Europe could be deep or averted entirely. Prices for fuels, and inflation generally, will largely depend on how events play out.

23.02.2023 - 19:48 [ Forbes ]

Shell Reports Record Profits As Oil Giants—Including Exxon, Chevron—Cash In On Sky-High Prices After Russian Invasion Of Ukraine

(Feb 2, 2023)

Shell reported an annual profit of nearly $40 billion in 2022, the highest in the firm’s 115-year history.

The figure is more than double the $19.3 billion the firm reported in 2021 and far greater than its previous record of $31 billion in 2008.

14.02.2023 - 07:48 [ Forbes ]

Shell Reports Record Profits As Oil Giants—Including Exxon, Chevron—Cash In On Sky-High Prices After Russian Invasion Of Ukraine

(Feb 2, 2023)

Shell reported an annual profit of nearly $40 billion in 2022, the highest in the firm’s 115-year history.

The figure is more than double the $19.3 billion the firm reported in 2021 and far greater than its previous record of $31 billion in 2008.

14.02.2023 - 06:53 [ SeekingAlpha.com ]

U.S. Quietly Revises Q4 Inflation Up, Bombshell January CPI On Deck

While the rest of America was gearing up for the Super Bowl Sunday, the Bureau of Labor Statistics revised Q4 inflation numbers higher on Friday.
This is actually huge news.
Preprogrammed algos bought billions in stock off of November and December CPI off of faulty assumptions about inflation going away easily, which sparked the huge rally.
The inflation revisions are a double whammy.

07.02.2023 - 06:39 [ Bloomberg ]

OPEC+ Exports Show Russia Surges While Saudi Arabia Dials Back

(03.02.2023)

It’s also unclear exactly what drove the decrease in Saudi shipments, which dropped by 580,000 barrels a day last month, or about 8%.

30.12.2022 - 19:43 [ Al-Monitor.com ]

US working with Saudi Arabia on strategic military plans, general says

(December 23, 2022)

The strategy documents, which have not yet been publicly confirmed by Saudi officials, will codify “the kingdom’s strategic vision for national security and regional security,” the general said. Kurilla called the decision “a critical step” in Crown Prince Mohammed bin Salman’s military modernization plans.

Why it matters: The Biden administration is leveraging the Pentagon’s know-how to help the kingdom meet its security goals in a bid to rebuild trust, even as the White House says it is reevaluating US relations with Riyadh.

03.12.2022 - 19:47 [ Robert Reich, Berkeley professor, former Secretary of Labor / Nitter ]

Railroads made $21 billion in profits in the first 9 months of 2022. Guaranteeing 7 paid sick days to rail workers would cost the industry $321 million/year. That‘s just 1.5% of those profits. Congress just rejected sick leave for these workers. It‘s profits over everything.

23.11.2022 - 15:24 [ Middle East Eye ]

Biden administration sticks to ‚vague‘ wording on Saudi ties after immunity decision

US will continue to review its relationship with Saudi Arabia despite the administration saying the crown prince has immunity from Khashoggi lawsuit

22.11.2022 - 20:17 [ Pakistan Economic Net / Twitter ]

Oil rises after Saudis deny report of OPEC+ supply increase

22.11.2022 - 20:08 [ @echoreflection / Nitter ]

„late last night, the Biden administration quietly gave Saudi Arabia’s Prime Minister, Mohammed bin Salman, immunity from a lawsuit for the murder of Khashoggi, who had criticized the crown prince’s policies“

22.11.2022 - 20:03 [ thePostMillennial.com ]

Saudis may boost oil production after Biden admin shields crown prince from punishment in death of Jamal Khashoggi

A production increase of up to 500,000 barrels a day is now under discussion for OPEC’s December 4 meeting, delegates said.

20.11.2022 - 15:01 [ Oilprice.com ]

Oil Prices Fall On Easing Geopolitical Tensions

(17.11.2022)

Oil prices jumped on the initial reports of the incident, in which two people lost their lives, as initial reactions from politicians suggested a further escalation between the West and Russia.

Later, as the facts began to emerge, the comments changed and the tension was effectively defused, pushing prices lower.

07.11.2022 - 06:46 [ Politico.eu ]

Russia obstructs Iran nuclear deal as the Kremlin frets over its oil income

(March 5, 2022)

Hopes had been high that international negotiators from the permanent five members of the U.N. Security Council, Germany and the EU would be able to secure a deal with Tehran on Saturday to put strict limits on Iran’s atomic work in exchange for sanctions relief for the Islamic Republic.

Such a deal would bring significant volumes of Iranian crude oil back to global energy markets in the months ahead, and that could spell trouble for Russian President Vladimir Putin.

14.10.2022 - 05:08 [ @OlliLuksic / Nitter ]

Sky Shield: Wie die europäische Luftabwehr funktionieren soll. Starke deutsche Initiative für mehr Sicherheit in Europa.

07.10.2022 - 12:18 [ Washington Post ]

The Saudi snub of Biden is a disaster. Democrats must respond.

Republicans are surely excited about the news that a group of oil-producing countries led by Saudi Arabia and Russia will slash oil production by 2 million barrels per day. In addition to threatening the global economy, it also could mean the specter of higher energy prices heading into the midterm elections, bolstering GOP attacks at a time when their potency has faded.

07.10.2022 - 12:05 [ New York Times ]

Biden’s Choice After OPEC Cuts: Woo Saudi Arabia, or Retaliate?

Senator Chuck Schumer of New York, the majority leader, said Saudi Arabia’s decision to ally with President Vladimir V. Putin’s Russia to shore up oil prices was a grave mistake.

“What Saudi Arabia did to help Putin continue to wage his despicable, vicious war against Ukraine will long be remembered by Americans,” he said. “We are looking at all the legislative tools to best deal with this appalling and deeply cynical action.”

07.10.2022 - 11:50 [ ORF.at ]

Biden zu Beschluss der OPEC+: Wir prüfen Alternativen

(06.10.2022)

US-Präsident Joe Biden hat enttäuscht auf die Entscheidung der Ölallianz OPEC+ reagiert, die Ölproduktion zurückzufahren. Auf die Frage, was seine Reaktion sei, sagte Biden gestern in Washington schlicht: „Enttäuschung.“

07.10.2022 - 11:43 [ Oilprice.com ]

Oil Prices Jump As OPEC+ Considers 2 Million Bpd Production Cut

(04.10.2022)

The first rumor was that Russia was pushing OPEC+ to implement a 1 million bpd production cut. The group was later reportedly considering a production cut between 500,000 bpd and 1 million bpd. Shortly after, yet another source said that OPEC+ was considering an even larger cut of more than 1 million bpd. The latest news from OPEC+ delegates suggests that the group is considering yet another option: a 2 million bpd cut.

07.10.2022 - 11:39 [ UkraineNews @Ukraine66251776 Oct 5 ]

OPEC and its allies, including Russia, approved a two million barrel-a-day cut in oil production on Wednesday. Biden is fuming

05.10.2022 - 13:19 [ @DLFNachrichten / Nitter ]

Bundeswirtschaftsminister Habeck wirft mehreren Staaten – darunter den USA – vor, überhöhte Preise für Erdgas zu verlangen. Er spricht von „Mondpreisen“. #Energiekrise

05.10.2022 - 13:09 [ Oilprice.com ]

Oil Prices Jump As OPEC+ Considers 2 Million Bpd Production Cut

The first rumor was that Russia was pushing OPEC+ to implement a 1 million bpd production cut. The group was later reportedly considering a production cut between 500,000 bpd and 1 million bpd. Shortly after, yet another source said that OPEC+ was considering an even larger cut of more than 1 million bpd. The latest news from OPEC+ delegates suggests that the group is considering yet another option: a 2 million bpd cut.

09.09.2022 - 14:23 [ LostinEU.eu ]

Es geht (auch) um Gas

(10. Mai 2018)

Im transatlantischen Machtkampf um Iran geht es nicht nur um das Atomabkommen und um neue Handelssanktionen. Eine nicht zu unterschätzende Rolle spielt – neben den lebenswichtigen Ölexporten – auch das Erdgas.

Iran gehört nämlich zu den Ländern mit den größten Gasvorkommen weltweit. Und die EU möchte davon profitieren, um sich von russischem Gas unabhängiger zu machen.