Heavy fuel oil price

Share to Twitter Share to Linkedin iPhones are about to get more expensive. Recent iPhone 14 leaks claim Apple will raise prices, though there is disagreement on how much and which models. Now, one of the industry’s most respected insiders has an explanation. In new tweets , TF International Securities analyst Ming-Chi Kuo estimates that the “iPhone 14 series ASP [average selling price] would increase by about 15% vs iPhone 13 series ASP.” Yes, 15% is significantly higher than previous price leaks , and it has set alarm bells ringing about a potential $1300 entry-level iPhone 14 Pro Max. But the full picture is a little more complicated. Kuo explains that the average ASP for iPhone 14 models will be circa $1,000-$1,050 “due to two iPhone 14 Pro’s price hikes and higher shipment proportion.” Breaking this down is difficult, but Kuo’s numbers indicate that the iPhone 13 range’s ASP was closer to $900. This means customers are expected to pay, on … [Read more...] about New Apple Exclusive Exposes iPhone 14 Price Shock

President Joe Biden and his administration have made a number of blatantly false statements, telling the American people inaccuracies pertaining to the COVID-19 vaccine, Afghanistan, gun rights and more. This list highlights his top false statements. Corn Pop Biden, vice president at the time in 2017, claimed he got into an altercation with a black man named “Corn Pop” and threatened him with chains in 1962 while he was a swimming pool security guard. Biden’s colorful story about his altercation with “Corn Pop” went viral in 2019 after it resurfaced. Evidence came out seeming to support Biden’s claims, including an obituary for a man going by “Corn Pop” in Wilmington, Delaware, and former state NAACP President Richard “Mouse” Smith corroborating the story. Still, it’s hard to believe that the story unfolded entirely how Biden described it. “Corn Pop was a bad dude and he ran a bunch of bad boys,” Biden said, recalling that Corn Pop was going against the rules and … [Read more...] about ANALYSIS: From Corn Pop To Gas Prices: A List Of Biden’s Biggest Lies

- A + A KOTA BHARU (Aug 14): The Special Task Force on Jihad Against Inflation is seen to have a positive effect, especially in reducing the price of controlled goods during the current inflation faced by the country, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed. He said the setting up of the task force has a beneficial impact in dealing with inflation, especially in relation to enforcement involving cooking oil leading to a decrease in the price of the controlled item. "Inflation is a problem faced by the world today. Alhamdulillah, in these past few weeks we have found that the world's inflation seems to have reduced a little and it may have a good effect on Malaysia," he said. He said this to reporters after visiting the Federal Department joint-use building at the Kelantan State Development Office near Tunjung here on Sunday (Aug 14). Elaborating, Mustapa, who is also a member of the task force, said that meetings are … [Read more...] about Task force to fight inflation has positive impact on price reduction, says Mustapa

- A + A (Aug 15): The world’s third largest economy recovered to its pre-pandemic size in the second quarter, as consumer spending picked up following the end of coronavirus curbs on businesses. Gross domestic product grew at an annualized pace of 2.2% in the second quarter of this year, coming in below the median estimate of 2.6%, Cabinet Office data showed Monday. That lifted the size of the economy to 542.1 trillion yen (US$4.1 trillion), above what it was at the end of 2019. First quarter GDP was revised to an expansion from a prior contraction. “The economy managed to return to its pre-pandemic size, but its recovery pace has been slower than other nations,” said economist Takeshi Minami at Norinchukin Research Institute. “I expect growth to continue in the third quarter too, but it will likely be losing momentum down the road.” The end of pandemic restrictions on businesses in late March helped spur the economy. Consumer spending, which accounts for more than … [Read more...] about Japan’s economy recovers pre-pandemic size on consumption gain

- A + A SYDNEY (Aug 15): Asian shares inched higher on Monday with investors anxious to see if Wall Street can sustain its rally as hopes U.S. inflation has peaked will be tested by likely hawkish commentary from the Federal Reserve this week. "The FOMC Minutes on Wednesday should reinforce the hawkish tones from recent Fed speakers of being nowhere near being done on rates and inflation," warned Tapas Strickland, a director of economics at NAB. Markets are still implying around a 50% chance the Fed will hike by 75 basis points in September and that rates will rise to around 3.50-3.75% by the end of the year. Hopes for a soft economic landing will also get a health check from U.S. retail sales data that is expected to show a sharp slowdown in spending in July. There is also a risk earnings from major retailers, including Walmart and Target, could be laced with warnings about a downturn in demand. Asian markets have to navigate data on China's retail sales and … [Read more...] about Asia shares edge higher, wary of Fed words

ANOTHER INFLATION EXPLOSION… CNBC: Inflation rose 9.1% in June, even more than expected, as price pressures intensify Shoppers paid sharply higher prices for a variety of goods in June as inflation kept its hold on a slowing U.S. economy, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a broad measure of everyday goods and services, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate. That marked another month of the fastest pace for inflation going back to December 1981. Excluding volatile food and energy prices, so-called core CPI increased 5.9%, compared to the 5.7% estimate. On a monthly basis, headline CPI rose 1.3% and core CPI was up 0.7%, compared to respective estimates of 1.1% and 0.5%. Taken together, the numbers seemed to counter the narrative that inflation may be peaking, as the gains were based across a variety of categories. WHITE HOUSE REACTION: DON’T BELIEVE YOUR EYES… ADMIN WILL KEEP SELLING OFF OUR … [Read more...] about Editors Daily Rundown: Another Inflation Explosion

Share to Twitter Share to Linkedin Head of Product L-Charge –the developer of grid-independent ultra-fast charging solutions that work on clean fuels. Even though the discussion about the benefits of electric transport is more than a decade old, the proportion of electric vehicles in the global corporate fleet is still surprisingly small. According to the IEA's Global Electric Vehicle Outlook 2022 , electric light commercial vehicles (LCVs) make up just 2% of the global fleet of this kind. Fully electric vehicles make up 4% of the global fleet of buses and 0.1% of heavy-duty trucks. The LCV share barely exceeds 12%, even in advanced markets. As head of product for an EV charging solution developer, and having done my share of research on the global market, I find the reason for this modest penetration to be the poor infrastructure and services supporting the commercial EV market–charging, support infrastructure and service businesses. Why … [Read more...] about Overcoming Infrastructure Obstacles For An All-Electric Fleet

UNDER SCRUTINY The Philippine Ports Authority, which manages port operations in the country, is under fire from shipping firms for its contracts with private entities that resulted in “excessive” port fees. —PHOTO FROM THE CEBU PORTS AUTHORITY CEBU CITY—The biggest group of shipping operators in the country has asked the Department of Transportation (DOTr) to review the administrative orders issued by the Philippine Ports Authority (PPA) that have led to an increase in port charges by as much as 2,000 percent. Edgardo Nicolas, administrator of Philippine Coastwise Shipping Association (PCSA), said the recent policies of the PPA to contact to certain private groups the trash collection and the managements of ports without consulting the shipping operators have led to increases in sea transport cost. “We would like to emphasize that our operating costs and the increase in passage and freight rates in shipping is certainly not just brought about by the tremendous increase in fuel … [Read more...] about Shipping operators buck ‘exorbitant’ port fees

After a weekend marathon “vote-a-rama,” the U.S. Senate gaveled through a 50 to 51 party-line vote to approve a monumental piece of legislation: the Inflation Reduction Act—the IRA. While the bill is not yet law, it’s likely that it will be approved by the House and signed by the President within the next few weeks. When it becomes law, the IRA will be the biggest climate legislation in U.S. history. advertisement advertisement The IRA invests $369 billion in climate action, from an expansive system of renewable energy tax credits to targeted investments in climate adaptation, carbon sequestration, and environmental justice efforts. These investments are paid for by $739 billion raised through taxes on large corporations, increased IRS auditing, and new authority for Medicare to negotiate lower drug prices. All in all, the IRA is projected to reduce total U.S. greenhouse gas emissions 40% by 2030, putting the United States back in shooting distance of … [Read more...] about The top 10 takeaways for businesses and financial Institutions about the IRA

- A + A NEW YORK: Optimism is seeping back into the US stock market, as some investors grow more convinced that the economy may avoid a severe downturn, even as it copes with high inflation. The benchmark S&P 500 has rebounded about 15% since mid-June, halving its year-to-date loss, and the tech-heavy Nasdaq Composite is up 20% over that time. Many of the so-called meme stocks that had been pummeled in the first half of the year have come screaming back, while the Cboe Volatility Index, known as Wall Street’s fear gauge, stands near a four-month low. In the past week, bullish sentiment reached its highest level since March, according to a survey from the American Association of Individual Investors. Earlier this year, that gauge tumbled to its lowest in nearly 30 years,when stocks swooned on worries over how the Federal Reserve’s monetary tightening would hit the economy. “We have experienced a fair amount of pain, but the perspective in how people are trading … [Read more...] about Soft landing hopes for US economy brighten outlook on stocks