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There’s finally some good news for the oil market

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We’re finally seeing a glimmer of good news for oil: global production has started to slow down. In a recent note to clients, Credit Suisse’s Ed Westlake and Jan Stuart shared a few charts showing that global production ex-Saudi Arabia finally started slowing in 2015. According to the data cited in their charts, global oil production has slowed...
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You can own this lunar rover prototype — for $150,000

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A prototype lunar rover once tested by NASA will be available for sale at an online auction this month, with an estimated price of $125,000 to $150,000. The early prototype, known in official NASA documents as the “Brown LSSM,” does not resemble the final Lunar Rover, which served the crews of Apollo 15, 16 and 17 on the...
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Airbus just lost a $865 million order — here’s why that’s great news for passengers

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Air Austral has axed its order for two Airbus A380 superjumbos. Airbus confirmed the cancellation of the deal that had a market value of more than $865 million (although it’s likely Air Austral negotiated significant discounts).  “The agreement has been reached between Air Austral and Airbus following a change of strategy decided by the airline,” the European...
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Exclusive: IMF says Greek debt ‘highly unsustainable’, debt relief ‘essential’ – draft memorandum

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By Renee Maltezou ATHENS (Reuters) – The International Monetary Fund wants Greece’s European partners to grant Athens substantial relief on its debt which it sees remaining “highly unsustainable”, according to a draft IMF memorandum seen by Reuters. Earlier on Tuesday, Greece and inspectors from its EU/IMF lenders adjourned talks on a crucial bailout review, mainly...
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This is what 100 years of BMW looks like

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What can be said about BMW that hasn’t been said before? The German luxury carmaker, which celebrated its 100th birthday this year, has for its entire history released a seemingly never ending stream of breathtaking, record-setting, and smile-inducing machines that have consistently beguiled the automotively inclined. The essence of BMW boils down to its uncanny...
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