Category: 3. Business

  • Kettering University Announces Fall 2025 Class of MEDC Michigander Scholars

    Kettering University Announces Fall 2025 Class of MEDC Michigander Scholars

    Kettering University and the Michigan Economic Development Corp. (MEDC) have named 19 Kettering students to represent the University’s latest class of Michigander Scholars. The innovative Michigander Scholars program offers scholarships of $5,000 and up to $10,000 to qualifying scholars who complete a Co-op (or internship) and/or accept a full-time position as a computer, electrical, or process engineer, or as a software developer (or a similar job title) with a participating company.

    Employers such as Ford, GM, BorgWarner, Bosch, Hemlock Semiconductor, Magna, Mahle, Nissan, Our Next Energy Inc., and ZF are investing in this growing talent pipeline to ensure a steady flow of skilled professionals ready to contribute to next-generation mobility, energy, and manufacturing sectors.

    The Michigander Scholars program strengthens Michigan’s innovation ecosystem by connecting high-achieving students in tech and engineering with the state’s leading employers. Through career mentorship, industry engagement, and paid experiential learning, including Kettering University’s signature Co-op program, the initiative fosters early and ongoing relationships between students and companies that shape Michigan’s future economy.

    The first of its kind in the United States, this program represents an unprecedented public-private partnership with some of Michigan’s leading advanced manufacturing employers and universities. This MEDC initiative is a vital talent retention strategy that fills in-demand jobs in the semiconductor and electric vehicle industries, which are essential to Michigan’s economic growth.

    This class of Michigander Scholars includes:

    FORD MOTOR COMPANY

    • Leonardo Durasevic, Chesterfield, Dakota High School, Class of 2028, Mechanical Engineering
    • Yusef El-Sheikh, Canton, Plymouth High School, Class of 2028, Electrical Engineering
    • Sumukh Kallur, Novi, Novi High School, Class of 2028, Mechanical Engineering
    • Briana Lapuz, Farmington Hills, Mercy High School, Class of 2027, Electrical Engineering
    • Josiah Thompson, Macomb Township, Parkway Christian School, Class of 2028, Computer Science
    • Brandon White, Livonia, Churchill High School, Class of 2029, Electrical Engineering

    GENERAL MOTORS

    • Jordan Ceperov, Saline, Saline High School, Class of 2028, Mechanical Engineering
    • Paul Ibegbu, Canton, Divine Child High School, Class of 2028, Computer Engineering
    • Alyssa Shelton, Fenton, Hartland High School, Class of 2026, Mechanical Engineering*
    • Ashmit Swarnkar, Novi, Detroit Catholic Central High School, Class of 2027, Mechanical Engineering
    • Evan Thompson, Highland, Milford High School, Class of 2028, Computer Science
    • Aaliyah Washington, Lansing, Waverly High School, Class of 2027, Industrial Engineering
    • Alexander Yolles, Fair Lawn, New Jersey, Fair Lawn High School, Class of 2024, Electrical Engineering*

    HEMLOCK SEMICONDUCTOR

    • Elijah Rowland, Owosso, Flushing High School, Class of 2027, Mechanical Engineering

    MAGNA

    • Maddison Bourbeau, Grand Blanc, Grand Blanc High School, Class of 2027, Mechanical Engineering
    • Kianna Lucas, Spring, Texas, Class of 2026, Engineering
    • Giuseppe Waller, Ypsilanti, Plymouth Christian Academy, Class of 2028, Mechanical Engineering

    MAHLE

    • Andrew Johnson, Columbiaville, Lapeer High School, Class of 2027, Mechanical Engineering

    MOBIS

    • Aidan Petras, Sterling Heights, Stevenson High School, Class of 2026, Computer Engineering

    * Student was awarded a $10,000 full-time scholarship and will complete a Co-op (or internship) and/or accept a full-time position as a computer, electrical, or process engineer, or as a software developer (or a similar job title) with a participating company.

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  • Statement by the Eurogroup President on the nominations for the post of ECB Vice-President – consilium.europa.eu

    1. Statement by the Eurogroup President on the nominations for the post of ECB Vice-President  consilium.europa.eu
    2. Euro Zone’s Growing Eastern Wing Wants Seat at ECB’s Top Table  Bloomberg.com
    3. Eurogroup gets 6 candidacy to replace ECB’s Vice President Luis de Guindos  MarketScreener
    4. Six candidates bid to replace ECB vice president de Guindos -Eurogroup  Global Banking | Finance
    5. ECB vice-presidential hopeful Centeno flags “structural uncertainty” facing Europe  investingLive

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  • Minister Joly announces over $240 million to boost defence innovation support for Canadian small and medium-sized businesses developing dual-use technologies

    NRC IRAP is launching Defence Industry Assist to provide advice and funding to high-potential, innovative SMEs, to advance made-in-Canada defence and dual-use technologies.

    January 9, 2026 – Ottawa, Ont. – National Research Council of Canada

    Today, the Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, announced the Government of Canada is investing $244.2 million in the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) starting in 2025-2026, to launch its Defence Industry Assist initiative (DI Assist).

    The Defence Industry Assist program will provide funding and advice to high-potential, innovative Canadian SMEs to advance made-in-Canada defence and dual-use technologies. This investment will support the innovative and collaborative capacity of the Canadian defence industry and address the needs of the Canadian Armed Forces.

    By working with industry to reduce barriers to market entry through targeted investments, connecting SMEs to procurement pathways, and strengthening supply chain collaborations, DI Assist will position innovative Canadian businesses to reinforce Canada’s defence priorities and compete globally.

    Research and development activities supported through DI Assist will grow our economy, create high-quality Canadian jobs, and will contribute to Canada’s efforts to meet its 2% NATO defence spending target. 

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  • Emirates Adds 5 New Nonstop Airbus A350 Routes: See All Flights Now

    Emirates Adds 5 New Nonstop Airbus A350 Routes: See All Flights Now

    The Airbus A350-900 entered commercial service with Emirates in January 2025. And now, 12 months on, an additional five routes have been announced on the equipment. It’ll fly from Dubai to Cape Town, Copenhagen, Phuket, Rome Fiumicino, and Taipei. It comes as the Gulf giant removes the A380 from Copenhagen, while Etihad Airways adds a brand-new unusual European route.

    According to ch-aviation.com, Emirates’ commercial fleet consists of 272 aircraft. Some 260 of these are passenger-configured, while 12 are freighters (including one frame that’s undergoing conversion). Its passenger subfleet consists of 118 Boeing 777-300ERs, 116 A380s, 16 A350-900s, and ten 777-200LRs.

    Emirates’ Five New A350 Routes

    Emirates' five new A350 routes Credit: GCMap

    They are as shown above and summarized below. Some caution is needed. None of the routes are new to Emirates’ network, but all are new to seeing the A350. However, there are three significant developments.

    First, the type means Copenhagen will have a twice-daily frequency for the first time. It’ll help compete with Etihad, whose Copenhagen frequency recently rose to daily, with the route to see the 787-9 rather than the A321LR during the summer. Second, Emirates will fly three times daily to Cape Town for the first time in seven years. Third, the ever-popular tourist resort gateway of Phuket will have three daily flights for the first time.

    Phuket’s development is particularly notable. Emirates’ expansion comes as Etihad’s frequency jumped to more or less three daily in late 2024 and increased to four daily departures in late 2025. The A321LR, which currently serves Phuket daily, will operate half of Etihad’s flights from April.

    The A350 From Dubai To…

    A350’s First Flight Is On…

    Frequency

    Emirates’ Total Flights*

    % A350

    Cape Town

    July 1 (replacing the 777-200LR)

    Daily

    Three daily

    33% (alongside the 777-300ER)

    Copenhagen

    June 1 (new frequency)

    Daily

    Two daily

    50% (alongside the 777-300ER)

    Phuket

    July 1 (new frequency)

    Daily

    Three daily

    33% (alongside the 777-300ER)

    Rome

    March 29 (replacing the 777-200LR/300ER)

    Daily

    Three daily

    33% (alongside the A380, 777-300ER)

    Taipei

    May 1 (replacing the 777-200LR)

    Daily

    Daily

    100%

    * Regardless of equipment

    Emirates Plans 25 A350 Routes In 2026 (For Now)

    Emirates' A350 network in 2026 as of Jan 9 Credit: GCMap

    The Gulf carrier currently has 16 A350-900s. Each frame is in a three-class layout, with business, premium economy, and economy seats. They’re in two configurations: 298 seats—which is the airline’s lowest-capacity equipment—and 312 seats. When combined, the Airbus twinjet will be deployed to 25 airports from Dubai. This is what’s known as of January 9, and it will, of course, change.

    Seven additional airports are due to see it in 2026. There are the five places mentioned above, along with two more. On January 11, the type will take off for Montreal, with the daily service replacing the 777-200LR. The 298-seater will be deployed, providing a much-improved offering compared to what is currently used.

    On February 8, the A350 will be deployed to London Gatwick. When other equipment is included, the type’s arrival means Emirates will have a total of four daily flights to the UK’s second-busiest airport and 12 to 13 to London. The additional service to Gatwick will arrive at 8:50 pm (9:30 pm during the summer) and leave at the highly unusual time of 11:55 pm. It’ll be the airline’s latest departure from Europe to Dubai.

    Emirates Airbus A380 shortly after lift off custom thumbnail

    Emirates Ends Airbus A380 Flights To This Major European Airport

    The final superjumbo service to this European capital is set for May 31, but why?

    Pure Speculation: Will Seattle Be Emirates First A350 Destination In The US?

    Emirates A350 on final approach Credit: Shutterstock

    The A350 has replaced or will replace the 777-200LR on multiple routes. That is not surprising. After all, they have similar total capacities, while the 200LRs are pretty old (they average nearly 18 years) and will be replaced. While its A350s are significantly more expensive ownership-wise, they burn far less fuel. And they benefit from having premium economy cabins—especially important on long-haul routes—and the airline’s latest products.

    Is it a coincidence that Emirates has just revealed that the 200LR will replace the 777-300ER to Seattle? The long route’s seat load factor is not impressive, with the downgauge cutting 8% of the available seats, which should help with loads and yields. The equipment switch means Seattle loses premium economy—something the A350 has. I’d not be surprised to see the Airbus twinjet flying to Seattle.

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  • Brentwood Hosting 15th Annual Sarah Bayrd American History Bowl on Feb

    Brentwood Hosting 15th Annual Sarah Bayrd American History Bowl on Feb

    Published on January 09, 2026



    BRENTWOOD, Tenn. – At 7 p.m. on Thursday, Feb. 26, the Brentwood Historic Commission will present the 15th Annual “Battle of the Minds” Sarah Bayrd American History Bowl, hosted by WSMV Meteorologist Dan Thomas, at Brentwood City Hall.

    This popular event, fashioned after the game show Jeopardy, was developed to instill local high school students with a greater awareness and love of history. This year’s competitors include teams from Brentwood High School, Franklin High School, Nolensville High School, Page High School, Ravenwood High School, and Summit High School.

    During the competition, Chuck Sherrill, former Tennessee State Librarian, will ask the teams several history-related questions. Students will buzz in quickly to provide the correct answer. Last year, Ravenwood students answered the most questions correctly, earning the team $800 and the coveted History Bowl Trophy.

    The community is invited to City Hall that evening to watch the event. The History Bowl will also be broadcast on the Brentwood Historic Commission and City of Brentwood’s Facebook pages. A rebroadcast will be available in the days following the event on Brentwood TV, which airs on BTV, Comcast Cable Channel 19.

    In the event of snow or severe weather, the event will be rescheduled for March 5.

    For more information, contact the city at info@brentwoodtn.gov.

     

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  • The S&P 500 Is Expected to Rally 12% This Year

    The S&P 500 Is Expected to Rally 12% This Year

    “Nonetheless, as concentration has risen, so has the idiosyncratic risk embedded in the S&P 500 and investor dependence on the continued strength of the largest US companies,” Snider adds.

    Are US stocks in a bubble?

    “The US equity market’s current combination of elevated valuations, extreme concentration, and strong recent returns rhymes with a handful of overextended equity markets during the last century,” according to Goldman Sachs Research. But even though some of the most notable financial market booms over the past 100 years were followed by steep declines in equities, some features of those episodes are missing today.

    For example, speculative trading activity rose sharply in 2025 but remains well below the highs of 2000 or 2021. Broad-based equity flows have recently been subdued.

    In contrast with the booms of 2000 and 2021, IPO activity in 2025 was modest, although Goldman Sachs Research expects volumes to increase in 2026. Leverage on corporate balance sheets is rising but remains low relative to history.

    What are the biggest risks to the US stock market in 2026?

    The biggest risks to an equity market rally are weaker than expected economic growth or a hawkish shift by the Fed. “Neither appears likely in the near future,” Snider notes.

    Goldman Sachs Research forecasts US GDP to grow 2.7% this year, and our economists expect the Fed to make two rate cuts of 25 basis points each (as of January 6).

    Historically, the S&P 500 P/E multiple has risen by an average of 5%-10% during 12-month periods of stable or accelerating US economic growth; has risen by a similar 5%-10% magnitude during periods of non-recessionary rate cuts; and has increased by roughly 10%-15% when both conditions occurred simultaneously, according to Goldman Sachs Research.

    What does AI spending mean for US stocks?

    Also among the key risks to stock market returns are the trajectory of AI capex, returns on that investment spending, and the impact of AI adoption. The largest public hyperscale tech companies had roughly $400 billion of capital expenditures in 2025, nearly 70% more than 2024.

    Goldman Sachs Research expects AI investment to continue to increase this year. But as capex is on track to reach 75% of cash flows—similar to tech company expenditures in the late 1990s—spending growth going forward will increasingly rely on debt funding.

    “History shows a mixed track record regarding the eventual success of first movers in periods of major technological innovation,” Snider writes. “While odds are good that some of today’s largest companies achieve that success, the magnitudes of current spending and market caps alongside increasing competition within the group suggest a diminishing probability that all of today’s market leaders generate enough long-term profits to sufficiently reward today’s investors.”

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  • Minister of Transport and Leader of the Government in the House of Commons to speak at Saint John Region Chamber of Commerce luncheon

    Saint John (New Brunswick) — The Minister of Transport and Leader of the Government in the House of Commons, the Honourable Steven MacKinnon will highlight federal priorities aimed at strengthening Canada’s transportation system, reinforcing supply chains and supporting the country’s economic growth. Minister MacKinnon will be joined by the Honourable Wayne Long, Secretary of State for the Canada Revenue Agency and Financial Institutions and Member of Parliament for Saint John – Kennebecasis, New Brunswick

    Date: Tuesday, January 13, 2026

    Time: 11:30 a.m. Atlantic Standard Time

    Location:
    Marco Polo Cruise Terminal
    Port Saint John
    Saint John (New Brunswick)

    Notes for media

    • Media representatives wishing to attend are asked to register for this  event by emailing Carole Cunningham, Director of Events and Administration for the Saint John Region Chamber of Commerce.
    • Please include “RSVP for January 13 event” in the subject line of the email.

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  • 2025 WMM Annual Report is Released | News

    Last month saw the publication of the 2025 State of the Geomagnetic Field Report. The report details the current state of Earth’s main magnetic field, and provides a performance analysis of the most recent version of the World Magnetic Model (WMM) released in late 2024, known as WMM2025. The report also assesses the performance of the newly developed World Magnetic Model High Resolution (WMMHR2025), a high-resolution version of the model that debuted alongside WMM2025. Comparisons between the predictions of the two models and recent data collected from the European Space Agency (ESA)’s Swarm satellites indicate that WMM2025 and WMMHR2025 have proven in their first year of operation to be accurate models.

    Most of our planet’s magnetism originates from the shifting of electrically charged molten metals in its outer core, the behavior of which is unpredictable. An example of the secular changes that these metals can cause is the slow drifting of Earth’s magnetic north pole towards Siberia, a process that has been occurring continuously for the past few decades. As the WMM is predictive in nature, it becomes less accurate over time and must be updated with the newest projections derived from more recently collected data. Updates are scheduled to occur every five years.

    The WMM is a joint project between NOAA’s National Centers for Environmental Information (NCEI) and the British Geological Survey (BGS). It is utilized by these agencies’ respective governments for their navigation, attitude, and heading software. In terms of military applications, the WMM proves indispensable for undersea and aircraft navigation as well as parachute deployment, antenna tracking, iceberg drift determination, and many other activities. In the private sector, the model can be found in virtually every smartphone. The Federal Aviation Administration also uses it to rename airport runways so that they accurately reflect their magnetic heading to allow for greater clarity during landing procedures.

    This year’s report contains discussions of the two magnetic poles and their drift speeds. Over the past year, the northern magnetic pole has been traveling at a much faster rate than the southern pole with their average drift speeds measuring 36 km/year and 9 km/year, respectively. The actual locations and drift speeds of the magnetic poles proved to be very close to those predicted by WMM2025 and WMMHR2025, lending further credence to the overall accuracy of the models.

    The South Atlantic Anomaly Grows

    Also described in the State of the Magnetic Field Report is the deepening of the South Atlantic Anomaly (SAA), an area spanning the South Atlantic Ocean and South America where the Earth’s magnetism is weakest. This area is known to cause radiation damage to satellites and problems with radio propagation, issues that are exacerbated by the SAA’s growth in size by eight percent over the past year. NCEI continues to monitor the situation closely.

    A well-known limitation of the WMM is the tendency for its accuracy to drop during magnetic storms, of which there were 18 that were strong to severe between November 1, 2023 to October 31, 2025. These space weather events can cause disparities between actual magnetic declination and the estimated declination provided by the WMM that are temporarily greater than the model uncertainty, especially at high latitudes. Such disparities can potentially affect navigation that relies on WMM2025 and WMMHR2025’s declination estimates. This year’s report includes descriptions of the two largest storms in order to alert users to this limitation to the models. Although Solar Cycle 25 has already passed its peak, space weather activity is expected to remain elevated for the next few years before gradually declining toward the anticipated solar minimum around 2030. Fortunately, the models take space weather into account in their error estimates.

    Regardless of these minor concerns, all data gathered for the annual report indicates that WMM2025 and WMMHR2025 have operated well below the margin of error stipulated by the U.S. Department of Defense. The models can thus continue to be relied on by all technology that implements them.

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