Andreas Haas/iStock Editorial via Getty Images ITA Airways will decide within the next six to eight weeks whether to pursue legal action against aerospace supplier RTX Corporation’s ( RTX ) Pratt & Whitney unit due to persistent engine complications, according to a Reuters report citing comments from the carrier's CEO, Joerg Eberhart. As per the report , the impending legal decision stems from tec...
Andreas Haas/iStock Editorial via Getty Images ITA Airways will decide within the next six to eight weeks whether to pursue legal action against aerospace supplier RTX Corporation’s ( RTX ) Pratt & Whitney unit due to persistent engine complications, according to a Reuters report citing comments from the carrier's CEO, Joerg Eberhart. As per the report , the impending legal decision stems from technical issues that have effectively grounded nearly 20% of ITA’s 80-aircraft fleet. The disruption centers on a widespread manufacturing defect involving contaminated powder metal in Pratt & Whitney’s fuel-efficient Geared Turbofan engines. The issue has forced hundreds of Airbus A320neo single-aisle jets out of service globally, exacerbated by long turnaround times for mandatory engine inspections and repairs, the report noted. Speaking on the sidelines of a global gathering of top airline executives in Rio de Janeiro, Eberhart said that ITA Airways is currently quantifying the damage it faces, which is about €150 million, and described the decision timeline as "imminent." While the Italian carrier remains in ongoing settlement discussions with Pratt & Whitney, Eberhart noted that the manufacturer's current remediation offers are "not sufficient" to cover the airline's losses. RTX did not immediately respond to Reuters' requests for comment regarding potential litigation. The industrial conglomerate has previously stated that Pratt & Whitney is implementing various operational measures to improve repair capacity and accelerate turnaround times. More on RTX Corporation Forget The SpaceX Hype: The #1 Hidden Space Defense Stock To Buy Now RTX Corporation (RTX) Presents at Bernstein 42nd Annual Strategic Decisions Conference - Slideshow RTX Corporation (RTX) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Airbus is said to push back some plane deliveries as supply chain strains persist United CEO blasts Rolls-Royce over contract dispute, questions s...
(RTTNews) - SK Telecom Co Ltd.(SKM, 017670.KS), a South Korean telecom company, and NVIDIA Corporation (NVDA), on Monday announced that SKT plans to build a gigawatt-scale AI Cloud in Korea using the NVIDIA DSX platform with the first AI factory to start operations in 2027.
(RTTNews) - SK Telecom Co Ltd.(SKM, 017670.KS), a South Korean telecom company, and NVIDIA Corporation (NVDA), on Monday announced that SKT plans to build a gigawatt-scale AI Cloud in Korea using the NVIDIA DSX platform with the first AI factory to start operations in 2027.
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and Stephen Engle give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and Stephen Engle give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
Proactive adaptation and robust safety nets are essential to ensure the AI revolution benefits all workers. The new industrial revolution sparked by artificial intelligence (AI) is advancing at a blistering pace, with related enterprises enthusiastically pursued by capital markets. At the same time, the complex impact of AI on the economy and society is increasingly drawing widespread attention. T...
Proactive adaptation and robust safety nets are essential to ensure the AI revolution benefits all workers. The new industrial revolution sparked by artificial intelligence (AI) is advancing at a blistering pace, with related enterprises enthusiastically pursued by capital markets. At the same time, the complex impact of AI on the economy and society is increasingly drawing widespread attention. The development and application of AI technology can deliver technological upgrades and efficiency gains, but it may also trigger social risks such as frictional unemployment and an imbalanced distribution of income. Currently, opinions differ over critical questions like when the AI shock will fully arrive and how deep it will be.
JERO SenneGs/iStock via Getty Images The traditional prepaid banking card market is what Green Dot ( GDOT ) built its entire reputation on, and in many ways, it continues to do so. However, there is also a bigger transformation taking place with Green Dot right now that could help lift the company to greater heights, in my opinion. The shift that I see is one towards becoming an embedded banking p...
JERO SenneGs/iStock via Getty Images The traditional prepaid banking card market is what Green Dot ( GDOT ) built its entire reputation on, and in many ways, it continues to do so. However, there is also a bigger transformation taking place with Green Dot right now that could help lift the company to greater heights, in my opinion. The shift that I see is one towards becoming an embedded banking platform instead of just a prepaid card provider. Green Dot Operates in the Banking-as-a-Service Industry The banking-as-a-service, or BaaS, industry is one that is expanding rapidly. Current forecasts show that this market, which is currently a roughly $35.18 billion enterprise, could explode into a $137.45 billion market by 2035. Given that fact, there will surely be plenty of companies that want to step up and throw their hats into the ring to take part in this market. Green Dot is already making it happen. Green Dot Already Offers Extensive BaaS Services As a company, Green Dot offers regulated banking services through APIs and its own banking charter, known simply as Green Dot Bank. Partners can immediately plug into this infrastructure via Green Dot's BaaS platform and launch their own financial products without the need for their own separate banking license. This helps those partners avoid some of the would-be burdensome hurdles that they would otherwise have to cross to launch said products. In addition to that, Green Dot's platform also enables partners to do the following: Issue debit cards Open and manage deposit accounts Move money between accounts Create a digital banking experience that is unique to their own brand This has enabled countless partners to provide their customers with the unique digital banking experience that customers are looking for. While Green Dot still offers prepaid spending cards of its own, this isn't the sole focus of the business, and the stock should not be evaluated only on this segment of the business. The company is far more than j...
A diplomatic feud between Beijing and Tokyo appears to have spilled over to the arts, with what looks like an unofficial boycott on Japanese film, music and books. China has slapped official restrictions on tourism and trade with Japan since the row erupted in November, but so far there has been no official ban on the cultural sector. However, the Shanghai International Film Festival, which begins...
A diplomatic feud between Beijing and Tokyo appears to have spilled over to the arts, with what looks like an unofficial boycott on Japanese film, music and books. China has slapped official restrictions on tourism and trade with Japan since the row erupted in November, but so far there has been no official ban on the cultural sector. However, the Shanghai International Film Festival, which begins this Friday, does not have any Japanese films on its line-up for the first time in 20 years. It...
StevanZZ/iStock via Getty Images This article focused on how SRV ( SRV ) actually operated in May 2026 - its structure, the November 2025 rights offering, and the discount-to-NAV dynamics - rather than the headline distribution rate. Refresher Course on What You're Buying As the description of the fund suggests, SRV is a non-diversified closed-end fund managed by NXG Investment Management , headqu...
StevanZZ/iStock via Getty Images This article focused on how SRV ( SRV ) actually operated in May 2026 - its structure, the November 2025 rights offering, and the discount-to-NAV dynamics - rather than the headline distribution rate. Refresher Course on What You're Buying As the description of the fund suggests, SRV is a non-diversified closed-end fund managed by NXG Investment Management , headquartered in Dallas, TX. Following the November 2025 rights offering, total shares outstanding stand at roughly 6.2 million - about 4.7 million shares prior to the offering plus the roughly 1.6 million new shares issued in the 1-for-3 offering. With the shares trading at $49, that puts the market cap at around $304 million. The main goal of SRV is to provide exposure to midstream energy infrastructure such as pipelines, processing centers, storage, gathering, and liquefied natural gas assets using a leveraged approach. Based on the data from an NPORT-P filing dated August 31, 2025 , the majority of holdings are large-cap midstream companies like Energy Transfer, MPLX, Targa Resources, and Williams Companies. The fund also holds some offshore drilling companies (Noble Corporation), some Canadian midstream companies (Keyera), and companies operating adjacent to midstream, including Vistra and Bloom Energy. The CEF structure allows the manager of the fund to use 1099 tax reporting on the distributions. For many years, this has been one of SRV's strongest features. The current SRV distributions of $0.45 per month were confirmed in the February 2026 press release . Moreover, there was a special distribution of $2.14 announced during the last quarter of 2025, bringing total distributions to roughly $7.54 annually, or 16% of the price. But let's not stop here. The Rights Offering of November 2025, and What Did We Learn? Back in November 2025, the SRV's board authorized a transferable rights offering for the company . By the expiration date of December 11, 2025 , the company issued 1...
Toa55 China's securities regulator, t he China Securities Regulatory Commission (CSRC) said a recent crackdown on "illegal" cross-border investment will not result in mainland investors being forced to close offshore accounts or liquidate overseas assets. The clarification follows Beijing's May 22 crackdown on unauthorized cross-border securities trading, which targeted overseas brokers accused of...
Toa55 China's securities regulator, t he China Securities Regulatory Commission (CSRC) said a recent crackdown on "illegal" cross-border investment will not result in mainland investors being forced to close offshore accounts or liquidate overseas assets. The clarification follows Beijing's May 22 crackdown on unauthorized cross-border securities trading, which targeted overseas brokers accused of illegally helping mainland investors buy foreign stocks. The crackdown and sanctions on overseas brokers for allegedly helping Chinese investors buy foreign stocks illegally do not affect their offshore business operations, the regulator said according to a Reuters report. "Safety of investors' assets will not be affected by the rectification campaign," the CSRC said in the statement. "Existing accounts will not be forcibly closed, and assets held in those accounts will not be subject to mandatory cleanup." The CSRC said its policy objective is clear: the crackdown is aimed at "purifying" China's capital markets, protecting investors, and curbing illegal capital outflows from the country. More on China GXC: Deflation And Unemployment Spiral Risks For China FXI And MCHI: China Is A Perfect Example Of A Value Trap Trump-Xi Summit: Rare Earths, Oil, And A Fragile Truce Asian stock markets plunge as South Korea's KOSPI triggers halt amid global tech rout, geopolitical shock Asian equities largely decline on tech rotation; yen remains pinned near critical 160 mark
(RTTNews) - Sinch AB (CLCMF, SINCH.ST), a communication platform, on Monday announced that Chief Executive Officer Laurinda Pang will step down from her role, prompting the company to appoint Chief Financial Officer Jonas Dahlberg as acting CEO, effective immediately.
(RTTNews) - Sinch AB (CLCMF, SINCH.ST), a communication platform, on Monday announced that Chief Executive Officer Laurinda Pang will step down from her role, prompting the company to appoint Chief Financial Officer Jonas Dahlberg as acting CEO, effective immediately.