Author: Press Room

Aptera Solar-Powered Vehicle Ready To Roll in 2023

Technology

Aptera, a developer of a futuristic-looking, solar-powered passenger car, has pulled the wraps off its first production vehicle, which it says will be rolling off the assembly line this year. According to the company, the all-wheel-drive, three-wheeled, two-passenger vehicle will have a range of 400 miles, can sprint to 60 mph in four seconds, and has a top speed of 101 mph. Although designed to draw most of its power from the sun, the Aptera vehicle can also be charged from a standard 120-volt outlet. In a location with very high sun exposure like Southern California, the average American driver…

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Explained: What makes the Leopard 2 so powerful compared to other Western tanks?

Europe

Following weeks of mounting political pressure from in and outside the country, Germany has agreed to send Leopard 2 tanks to Ukraine, a possible turning point for the embattled country in its gruelling, protracted fight against Russia.Germany will provide Kyiv with 14 Leopard 2 tanks and related ammunition from its national stocks, as well as the necessary training to operate them on the battlefield. It will also allow the export of these German-made tanks by other Western countries that wish to join the international coalition.”This decision follows our well-known line of supporting Ukraine to the best of our ability,” said German…

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Boeing posts quarterly loss as labor and supply strains overshadow increase in jet demand

Economy

Boeing posted a $663 million loss for the fourth quarter as supply chain issues weighed on results despite a rebound in aircraft sales and deliveries that drove up revenue.Airlines and aircraft manufacturers have benefited from a sharp recovery in air travel, one of the most affected industries from the Covid pandemic. But Boeing’s leaders have been hesitant to ramp up aircraft production until the supply chain has stabilized.The company is producing 31 of its 737 jets a month and plans to increase that to about 50 per month in 2025 or 2026. It said it would raise what has been…

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China says peak COVID-19 infections exceeded 7 million daily, deaths more than 4,000 daily

Asia

HONG KONG: China’s daily new COVID-19 infections hit a peak of more than 7 million per day around Dec 22, while deaths reached a daily peak of more than 4,000 on Jan. 4, the country’s Centre for Disease Control and Prevention said on Wednesday (Jan 25). The figures, published on the centre’s website, come after a prominent government scientist said over the weekend that 80 per cent of China’s 1.4 billion population have already been infected, making the possibility of a big COVID-19 rebound over the next two or three months remote. “Around Dec 22, 2022, the number of infected…

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Weekly mortgage demand jumps 7% as interest rates drop to lowest level since September

Economy

A For Sale sign is posted in front of a property in Monterey Park, California on August 16, 2022.Frederic J. Brown | AFP | Getty ImagesMortgage interest rates fell for the third straight week, while mortgage demand also rose again.Total application volume increased 7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.2% from 6.23%, with points increasing to 0.69 from 0.67 (including the origination fee) for loans with a 20% down payment. That rate…

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