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Ferrari Skids As Wartime Disruptions Hit Deliveries
Ferrari Skids As Wartime Disruptions Hit Deliveries
Ferrari shares fell as much as 3% in Milan after first-quarter results showed stronger-than-expected profit and cash flow, but the beat was overshadowed by a plunge in deliveries in the Middle East, as the U.S.-Iran conflict disrupted shipments to one of the luxury automaker's key markets.
Ferrari's first-quarter results were broadly ahead of expectations on profit, revenue, and cash flow, but deliveries across EMEA, which includes Europe, the Middle East, and Africa, were the clear outlier.
Regional shipments fell to 1,458 units, down 14% year...
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President Trump said on Monday that the US military has begun enforcing a blockade on the Strait of Hormuz as Iran has denounced the move as “piracy.” US Central Command said the blockade will aim to impede the passage of all ships entering or leaving Iranian ports, including those in the Arabian Sea and the […]
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International Energy Agency Is Wrong To Forecast Coal's Demise
International Energy Agency Is Wrong To Forecast Coal's Demise
Authored by Tom Harris via The Epoch Times,
Activists would have us believe that coal is a dying energy source. But, thankfully for American coal states such as West Virginia and the Canadian provinces of Saskatchewan and Nova Scotia—all of which use millions of tonnes of coal every year to generate electricity—that is not even remotely true.
However, the world is burning more coal now than ever, reaching a record 8.85 billion metric tonnes annual consumption by the end of 2025. Since 2020, annual coal...
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