Tag Archives: Machine

Food Prices Have Soared. Here are some stocks to play with the trend. | Instant News

Investors often miss spikes in food prices because economists tend to focus on inflation data that removes food and other volatile categories. This, Brooklyn, NY grocery store.

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German exports rose in February, lifted by Chinese trade | Instant News

FILE PHOTOS: Cars meant for export wait at the port to be loaded as the spread of the coronavirus disease (COVID-19) continues in Bremerhaven, Germany, April 24, 2020. REUTERS / Fabian Bimmer

BERLIN (Reuters) – German exports rose in February, boosted by surging trade with China as a new sign that factories are busy in Europe’s biggest economy despite a pandemic-related drop in overall output in the first quarter expected.

Seasonally adjusted exports increased 0.9% for the month after being revised upward by 1.6% in January, the Federal Statistical Office said on Friday. Imports rose 3.6% after falling 3.5% in the previous month.

A Reuters poll showed exports increased by 1.0% and imports increased by 2.4%. The trade surplus shrank to 19.1 billion euros. This year, exports to China increased by 25.7%.

Separate data released on Friday showed industrial output in February fell by 1.6%. A Reuters poll showed a 1.5% increase.

Written by Paul Carrel, editing by Kirsti Knolle


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UPDATE 1-Italia Salvini says Rome must prevent the sale of Iveco to FAW China | Instant News

(Adding details, context)

ROME, March 30 (Reuters) – Italian League party leader Matteo Salvini urged the government on Tuesday to prevent truck maker Iveco from being sold to a Chinese company, saying the Italian firm was a strategic asset to protect.

Iveco is part of CNH Industrial, which is controlled by Exor, the holding company of the Italian Agnelli family. CNH said in January it was in talks with FAW China over the truckmaker’s future.

“It’s a shame,” Salvini told a group of foreign journalists when asked about a possible sale.

“I hope the Italian government will do everything to safeguard, defend and protect strategic assets. If we want to talk about sustainable mobility and ecological transitions, we cannot lose a gem like Iveco, ”he added.

The Salvini League is under a broad national unity government and one of its most senior politicians, Giancarlo Giorgetti, is minister of industry.

Giorgetti said earlier this month that if CNH Industrial decided to sell Iveco to FAW, Rome would use its so-called “golden power”, which would allow it to veto or impose stricter terms on deals involving assets deemed to be of national interest.

Reporting by Crispian Balmer, written by Giulio Piovaccari


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The Jeep is pulled in 4-Lo, the mechanics are obliterated in a biblical way | Instant News

Note to self: always make sure the vehicle is properly prepared to tow before hitting the road. A tourist south of the border ignored this advice and – literally – destroyed their Jeep. Thanks to the internet, videos of the massacre are available for all to see.

The crux of the matter seems to be that Wrangler are in low and first gear when pulled behind the RV. If you fall asleep in the off-road class, the Jeep transfer case in 4L provides a crawl ratio of about 84: 1 in first gear, meaning the engine does 84 revs for one full wheel turn. This is great for low speed technical off-road work but causes disaster at highway speeds.

The video shown above, which first appeared on TikTok before quickly appearing on YouTube, shows the results. Ouch. The technician in the video estimated at least $ 30,000 in damage.

If you’re wondering where the 50,000rpm figure came from, some gearheads calculate the tire size plus the axle, first gear, and t-case ratio. The last three produce an 84: 1 crawl ratio, while the standard Wrangler Rubicon-sized tires appear to be spinning at 645 revolutions per mile at 60 mph. The basic calculation then puts the engine speed somewhere around 50,000 rpm – about 8 times the engine’s red line.

Of course, many armchair experts on the internet are struggling to understand how the poor RV driver failed to notice the huge volume of noise and smoke before it all exploded. They have a point, because situational awareness is key when driving a large camper on interstate roads. However, we’ll note that most Class A motor homes (the type that looks like a tour bus) are in 40-foot neighborhoods, putting the problem further than you might think – that’s not a reason to fail. be aware of one’s surroundings while in the wheel of a big RV in a long Jeep.

Be careful out there, my friends.

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Enel from Italy posted a 9% increase in net profit to beat expectations | Instant News

MILAN (Reuters) – Italian utility company Enel said net profit rose 9% last year, beating expectations as it continues plans to expand its grid and green energy businesses and reduce carbon emissions.

FILE PHOTOS: Italian multinational energy company Enel logo seen at the headquarters of Milan, Italy, February 5, 2020. REUTERS / Flavio Lo Scalzo

Europe’s biggest utility company said on Monday its usual net profit last year was 5.197 billion euros ($ 6.2 billion), above analyst consensus of 5.133 billion euros.

It will pay dividends on last year’s yield of 0.358 euros per share, 9.1% higher than the previous year.

Enel reported preliminary results in February.

The Group, which added to a record 3.1 gigawatt renewable energy capacity last year, expects to add more than 5 GW this year.

“By 2021 … we look forward to accelerating investment in renewable energy, in better quality and stronger grids and consumption electrification,” said Enel CEO Francesco Starace.

In November, Enel said it would spend 160 billion euros of its own money over the next 10 years to become a green “super major”, becoming carbon free by 2050.

The group said 65% of its electricity production last year was emission-free compared to 57% the previous year thanks to marked reductions in coal-fired power generation.

Enel cut 2.8 GW of coal capacity last year and has phased out coal production from 2030 to 2027.

Big European utility companies are investing massively in the clean share of their businesses as technological advances and stricter rules to tackle climate change force energy companies, including big oil players, to rethink strategy.

($ 1 = 0.8387 euros)

Reporting by Stephen Jewkes, editing by Giulia Segreti, Kirsten Donovan


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