Myers Krause

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CHELSEA, Mich. – Jim Morrison smiles as he hears the piercing noise of rocks scraping the undercarriage of the Jeep he’s...
20/06/2021

CHELSEA, Mich. – Jim Morrison smiles as he hears the piercing noise of rocks scraping the undercarriage of the Jeep he’s driving.
“The most important thing for us at Jeep is to prove our capability,” he says scaling a rock hill at a proving ground for Stellantis, Jeep’s parent company. “That’s what took us a bit longer than everybody else. It had to be a true Jeep first.”

The vehicle Morrison, vice president of Jeep’s North American operations, is driving is the 2021 Grand Cherokee L. It’s a new model for the brand that’s scheduled to arrive in showrooms next week as Jeep’s first three-row vehicle in more than a decade.
By expanding the Grand Cherokee from a two-row to three-row SUV, Jeep is seeking to attract new buyers and retain current owners who previously had to leave the brand if they wanted a bigger vehicle. It’s a key growth area for the brand amid an influx of new competitors such as the well-received Kia Telluride and Hyundai Palisade SUVs.

Full Article: https://lnkd.in/dAdhDm3

Sir Leonard Blavatnik has topped the latest Sunday Times Rich List, having seen his fortune swell to £23bn.The Ukranian-...
21/05/2021

Sir Leonard Blavatnik has topped the latest Sunday Times Rich List, having seen his fortune swell to £23bn.

The Ukranian-born oil and media magnate, who also owns Warner Music, saw his wealth surge by £7.2bn during the year.

He took the title from Sir James Dyson, whose wealth rose by only £100m to £16.3bn, leaving him in fourth place.

There are now a record 171 billionaires in UK, with their wealth rising 21.7% during the pandemic to £597.2bn.

Amazon.com, Inc. is an American multinational technology company based in Seattle,  , which focuses on e-commerce, cloud...
13/05/2021

Amazon.com, Inc. is an American multinational technology company based in Seattle, , which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with , , , and . The company has been referred to as "one of the most influential economic and cultural forces in the world", as well as the world's most valuable brand. One of the four companies with a capitalization of over a trillion dollars. Besides , the largest retailer in the world.

Sydney's only two casinos will make their gaming operations cashless in a bid to stamp out money laundering.Regulators s...
13/05/2021

Sydney's only two casinos will make their gaming operations cashless in a bid to stamp out money laundering.
Regulators said The Star and Crown Sydney, which is yet to be opened, agreed to the unusual move on Thursday.
It comes after an inquiry earlier this year found it was likely criminal activity had occurred at Crown Resorts' casinos in other Australian cities.
Crown has been under immense pressure to reform its gambling operations following the inquiry.

Full Article at BBC Business

‘Do you want Tesla to accept Doge?’ Musk asks Twitter users.Billionaire Elon Musk and cryptocurrency aficionado on Tuesd...
11/05/2021

‘Do you want Tesla to accept Doge?’ Musk asks Twitter users.

Billionaire Elon Musk and cryptocurrency aficionado on Tuesday asked his 54 million followers on Twitter "Do you want Tesla to accept Doge?", referring to a digital currency worth roughly 48 cents with no real world use.

Full Article at reuters.com

Iraq (Reuters) - Iraq has formally asked to buy U.S. energy giant ExxonMobil’s share in one of Iraq’s biggest oilfields,...
10/05/2021

Iraq (Reuters) - Iraq has formally asked to buy U.S. energy giant ExxonMobil’s share in one of Iraq’s biggest oilfields, West Qurna 1, the head of the state-run oil operating company said on Monday.

Iraq said last month that Exxon was seeking to sell its 32.7% stake in West Qurna 1, and that the oil ministry had started discussions over a possible purchase.
“A decision has been made and we sent a formal letter to ExxonMobil asking to buy its share,” Basra Oil Company director Khalid Hamza told Reuters in an interview, adding the oil and finance ministries will follow up with procedures to secure the finance.

Full Article at Reuters

European leaders have doubts that waiving intellectual property rights for Covid-19 vaccines, a proposal recently suppor...
10/05/2021

European leaders have doubts that waiving intellectual property rights for Covid-19 vaccines, a proposal recently supported by the United States, is the way to go.
Instead, they have criticized the U.S. for not exporting Covid shots.

“It is not really a matter of intellectual property rights. You can give the intellectual property to labs that do not know how to produce (the vaccine) and they won’t be able to produce it overnight,” French President Emmanuel Macron told reporters on Friday ahead of a European meeting, according to CNBC translation.
German Chancellor Angela Merkel said: “I made clear here already that I don’t believe that releasing patents is the solution to provide vaccines for more people.”

Full Article at CNBC

IBM unveils 2-nanometer chip technology for faster computing.(Reuters) - For decades, each generation of computer chips ...
06/05/2021

IBM unveils 2-nanometer chip technology for faster computing.

(Reuters) - For decades, each generation of computer chips got faster and more power-efficient because their most basic building blocks, called transistors, got smaller.
The pace of those improvements has slowed, but International Business Machines Corp on Thursday said that silicon has at least one more generational advance in store.
IBM introduced what it says is the world’s first 2-nanometer chipmaking technology. The technology could be as much as 45% faster than the mainstream 7-nanometer chips in many of today’s laptops and phones and up to 75% more power efficient, the company said.

Full Article: https://lnkd.in/gy6wviH

Pfizer Reaps Hundreds of Millions in Profits From Covid Vaccine.The company said its vaccine generated $3.5 billion in r...
04/05/2021

Pfizer Reaps Hundreds of Millions in Profits From Covid Vaccine.

The company said its vaccine generated $3.5 billion in revenue in the first three months of this year. Last year, racing to develop a vaccine in record time, Pfizer made a big decision: Unlike several rival manufacturers, which vowed to forgo profits on their shots during the Covid-19 pandemic, Pfizer planned to profit on its vaccine.
On Tuesday, the company announced just how much money the shot is generating.
The vaccine brought in $3.5 billion in revenue in the first three months of this year, nearly a quarter of its total revenue, Pfizer reported. The vaccine was, far and away, Pfizer’s biggest source of revenue.

Full Article: https://www.nytimes.com/2021/05/04/business/pfizer-covid-vaccine-profits.html

Without continual growth and progress, such word as improvement, achievement, and success have no meaning.- Benjamin Fra...
03/05/2021

Without continual growth and progress, such word as improvement, achievement, and success have no meaning.

- Benjamin Franklin

A person is a herd creature, and being in   is an important part of the development of the personality of any person. In...
01/05/2021

A person is a herd creature, and being in is an important part of the development of the personality of any person. In a right society, a person develops, and in a wrong society, a gets lost and gets bad habits.

Intel seeks $10 billion in subsidies for European chip plant.BRUSSELS/BERLIN (Reuters) - Intel wants 8 billion euros ($9...
30/04/2021

Intel seeks $10 billion in subsidies for European chip plant.

BRUSSELS/BERLIN (Reuters) - Intel wants 8 billion euros ($9.7 billion) in public subsidies towards building a semiconductor factory in Europe, its CEO was quoted as saying on Friday, as the region seeks to reduce its reliance on imports amid a shortage of supplies.

The pitch is the first time Pat Gelsinger has publicly put a figure on how much state aid he would want, as Intel pursues a multibillion-dollar drive to take on Asian rivals in contract manufacturing.
“What we’re asking from both the U.S. and the European governments is to make it competitive for us to do it here compared to in Asia,” Gelsinger told Politico Europe in an interview.

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