[ad_1] Ukraine has climbed back into the ranks of the world’s top 20 steel producers. According to a recent report from Ukrmetalurgprom, the country now ranks 20th among 71 steel-producing nations, up from 21st place previously. Steel production in Ukraine increased by 30.7% year over year to 5.27 million tons over the first eight months of 2024. This marks a significant recovery for Ukraine’s steel industry, which had seen a sharp decline in recent years. Ukraine ranked 14th globally in steel production in 2021, before the war, but had dropped to 25th place by 2022. Despite Ukraine’s gains, global steel…
Author: user
[ad_1] (Bloomberg) — Super Micro Computer Inc. is under investigation by the US Justice Department following a short-seller report that raised questions about the company’s accounting practices, the Wall Street Journal reported.Most Read from BloombergA prosecutor at the US attorney’s office in San Francisco recently reached out to people who possibly held relevant information, according to the report. The prosecutor was seeking information that appeared to be related to a former employee who accused the company of accounting violations and had earlier filed a whistleblower lawsuit against the company and its chief executive officer, according to the report.The shares fell…
[ad_1] (Reuters) -The U.S. Department of Justice is investigating Super Micro Computer (NASDAQ:), the Wall Street Journal reported on Thursday, nearly a month after short-seller Hindenburg Research alleged “accounting manipulation” at the AI server maker. Super Micro’s shares fell nearly 17% following the report. The WSJ report, which cited people familiar with the matter, said the probe was at an early stage and that a prosecutor at a U.S. attorney’s office recently contacted people who may be holding relevant information. The prosecutor has asked for information that appeared to be connected to a former employee who accused the company of…
[ad_1] The recent Federal Reserve rate cut of 50 basis points has sparked a surge in gold prices. Gold, which reached a record high of $2,635.29 per ounce on Monday, has risen nearly 29% year-to-date. This surge has significantly boosted the appeal of gold as an attractive asset for investors. Investors often turn to gold during uncertain times, as it is a safe-haven asset. The inverted yield curve, where short-term bond yields are higher than long-term yields, has added to recession fears, pushing more investors toward gold. In volatile markets, gold offers a way to diversify portfolios, protect against inflation,…
[ad_1] Image source: Getty Images From an investing perspective, I think there is a lot to like about drinks maker Diageo (LSE: DGE). The past five years have seen the Diageo share price fall significantly. That made it attractively enough priced for me to add it to my portfolio a few months ago. With a trading announcement today (26 September), one of the concerns that I feel has been dogging the stock has had some more light cast on it. Full steam ahead? The investment case for Diageo is fairly straightforward. Globally, the market for alcoholic drinks is substantial and…
[ad_1] Communal lands the combined size of Portugal have been taken over by corporate interests for carbon offsetting schemes across the Global South, according to a new report that warns of a “new form of land grabbing.” The report by GRAIN, a nonprofit supporting small farmers, identified 9.1 million hectares (22.5 million acres) of land, more than half of it in Africa, that had undergone such a change since 2016. In most of the 279 carbon projects surveyed, foreign companies acquired large tracts of land, traditionally used by local communities for grazing or farming, and converted them into plantations of…
[ad_1] As representatives of NGOs, governments and funding organizations gather in New York City this week for the UN General Assembly and Climate Week to seek climate solutions, they should be looking at community conservation projects, too, a new op-ed says.Such projects offer big benefits for people and wildlife, in addition to the climate, yet it typically receives a mere fraction of the funds directed at other solutions.“In a world where natural climate solutions can provide 30% of needed global carbon reductions, we ask that they don’t just look for shiny, new and innovative ideas, but instead take a…
[ad_1] By Pranav Kashyap and Shashwat Chauhan (Reuters) -European shares jumped on Thursday, with China-exposed stocks such as luxury and miners outperforming on news of aggressive Chinese economic stimulus, while chip stocks also advanced following U.S. firm Micron’s strong revenue forecast. The pan-European index closed 1.3% higher at 525.61 points, an all-time closing high and 0.2% away from the intraday record high. Chinese leaders pledged to deploy “necessary fiscal spending” to meet this year’s economic growth target of roughly 5%, acknowledging new problems and raising market expectations for fresh stimulus on top of measures announced this week. “This is a…
[ad_1] Multifamily investing leads in recent years [ad_2] Source link
[ad_1] Behold mighty shovels as they claw bloodstone into lumbering haul trucks. Watch the iron ore train trundle south, mounds of dark gray pellets steaming from each stout car. See bubbling vats of molten metal feed Rust Belt smoke stacks that reach for red skies like dragon fingers.These images of industrial America — steel! — occupy our national imagination. They hearken back to times of growth and plenty, and fuel economic nostalgia we can’t seem to quit. There’s just one problem.It’s all falling apart.Decades of neglect in American steelmaking infrastructure tipped U.S. Steel, once the biggest corporation in the world,…