Rupert Murdoch, the media mogul who built a global empire that includes Fox News, The Wall Street Journal, and The New York Post, is stepping down from running Fox and News Corp. and is handing the reins to his son Lachlan. The announcement was made on September 21, 2023, and

By José Carlos Palma* Europe has traditionally invested more in roads than rail, but in recent years, 10 countries have bucked the trend. These countries, Austria, Belgium, Denmark, Estonia, Finland, Ireland, Italy, Netherlands, Slovenia, Spain, and Switzerland, have invested more in rail than roads between 2018 and 2021. This trend

In a note to clients in March 2023, BofA’s chief investment strategist, Michael Hartnett, wrote that the “inflation shock [is] worsening, the rate shock [is] starting, and a recession shock is coming.” BofA bases its forecast on a combination of factors, including high inflation, monetary tightening by the Federal Reserve

By José Carlos Palma* Cisco and Nutanix announced a global strategic partnership in August 2023 to accelerate hybrid multi-cloud deployments. The partnership will combine Cisco’s award-winning SaaS-managed compute portfolio with Nutanix’s market-proven cloud platform software. This will allow customers to develop a balanced approach to power modern workloads on-prem and

By José Carlos Palma * The global economy is currently in a state of flux. The COVID-19 pandemic has had a significant impact on the global economy, and the war in Ukraine is further complicating the situation. Despite these challenges, there are some positive signs in the global economy. The

The Federal Reserve has raised its key interest rate for the 11th time in 17 months, with the aim of curbing inflation. However, there’s also a risk of going too far and triggering a recession. This latest move brought the Fed’s benchmark short-term rate to 5.3 percent, the highest level

James Crown, a billionaire philanthropist, tragically lost his life in a car crash over the weekend while participating in a race at Aspen Motorsports Park in Woody Creek, Colorado. The incident occurred on his 70th birthday, according to the Colorado Sun. The coroner has determined the cause of death as

By José Carlos Palma* After the fall of communism in 1991, Russia underwent a profound transformation, marked by the transition from a centrally planned economy to a market-oriented system. This transition created the conditions for the growth of what is often referred to as “wild capitalism” or “crony capitalism” in

By Smartencyclopedia Introduction In today’s ever-evolving technological landscape, unmanned aerial systems (UAS) have emerged as a disruptive force, revolutionizing industries ranging from defense and security to environmental monitoring and infrastructure inspections. Among the pioneering companies leading the way in UAS development and manufacturing is Tekever, a Portuguese firm renowned for

By Smartencyclopedia Newsroom * According to the Argentinian Mining Ministry, lithium exports from Argentina experienced an extraordinary surge, setting a new record. The first five months of the year saw a remarkable 84 percent year-on-year increase, totaling an estimated $369 million. This figure represents the highest export total ever recorded

By Smartencyclopedia Newsroom* Turkey’s President Recep Tayyip Erdogan’s re-election, despite a struggling economy and cost-of-living crisis, has had a significant impact on Turkey’s currency, exacerbated by his unconventional economic policies. In an effort to address these concerns, Erdogan has appointed a well-respected former banker as the finance and treasury minister

By Smartencyclopedia Newsroom * In a significant move signaling a potential shift towards more conventional economic policies, Turkish President Recep Tayyip Erdogan has appointed a former bank executive based in the United States to lead Turkey’s central bank. Hafize Gaye Erkan, a former co-CEO of the First Republic Bank and