Antwerp traded a total of €33 billion in cut and uncut diamonds in 2019, 20% less than in 2018, and a figure reminiscent of the levels last seen in the financial crisis years of 2009-2010. The AWDC says it foresees no improvement this year, but recovery should be expected in 2021. Antwerp is not alone….
Tag: united states
The Fusion Energy Dream Is Inching Towards Reality
After decades of disappointingly slow but steady progress, the race for fusion energy dream is now fully on, with governments, scientific institutions and private enterprises pouring billions of dollars into this potentially world-altering technology. Fusion is the process that occurs in stars, such as our sun, when hydrogen atoms fuse together, producing helium — and…
IAEA Opens New Low Enriched Uranium Bank in Kazakhstan
A new facility, or bank, opened that will deliver low enriched uranium (LEU) to an International Atomic Energy Agency (IAEA) facility in Kazakhstan. “This is a historic achievement for the IAEA and the government of Kazakhstan, and I am grateful for the hard work and perseverance needed to make this Bank a reality,” Nuclear Threat…
The Mental Habit That Helped Warren Buffett Become a Billionaire
Warren Buffett tends to bill himself as an ordinary guy who just happened to make a ton of money by being thoughtful, patient, and frugal. He’s also very smart, and puts a lot of time and effort into thoroughly understanding the market and his investments. But there’s one other quality Buffett has that the rest…
A Thesis on the US Airline Industry
The premise of our investment is simple: The next few quarters are uncertain at best, but I believe that industry demand and earnings will be far higher over the next several years. The question, then, is whether certain individual businesses have the resilience to reap the benefits of that growth, and whether the offered price…
Russia’s Strategy: Built on Illusion
Strong powers can underplay their hands and afford to make mistakes. Weak powers, on the other hand, need to exaggerate their power and be far more precise in its use. Power is like money; the less you have, the more you need to flaunt it and the fewer mistakes you can afford to make. But…
The devil removes his uniform
A superb article by B Raman in Rediff on the aftermath of Musharraf’s resigning from the post of Army General to become the President of Pakistan. Shortly after Zia took over as the chief, the Shah of Iran visited Pakistan. While introducing Zia to the Shah, the flamboyant Bhutto was reported to have remarked: ‘Meet…
India hosts world’s 4th fastest supercomputer
India has surprisingly broken into the Top Ten in a much-fancied twice-yearly list of the fastest supercomputers in the world, marking a giant leap in its push towards becoming a global IT power. A cluster platform at Pune’s Computational Research Laboratories (CRL), a Tata subsidiary, has been ranked fourth in the widely anticipated Top 500…
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