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The EU trade chief said the European Commission will impose restrictions on EU aluminum scrap exports.On November 18th, the U.S. government website showed that initial jobless claims for the week ending October 18th were 232,000; continuing jobless claims were 1,957,000, an increase from the previous weeks 1,947,000. Meanwhile, initial jobless claims for the week ending September 20th were revised upwards from 218,000 to 219,000, and the four-week moving average was revised upwards from 237,500 to 237,750. Continuing jobless claims for the week ending September 13th were revised downwards from 1,926,000 to 1,916,000. The U.S. government website has not yet released initial jobless claims data for the weeks ending September 27th, October 4th, October 11th, October 25th, November 1st, and November 8th. If the government had not shut down, these six sets of data should have been released.On November 18th, JinKong Power announced that, in order to improve asset liquidity, the company plans to transfer 51% of its wholly-owned subsidiary, Tongying Thermal Power, to Jinbei Energy Company. The transaction will be conducted through a private placement, with a transfer price of RMB 266 million. Tongying Thermal Power primarily engages in the production and sale of electric heating and is currently in the preparatory stage for a thermal power project, with no product production or sales yet. As of June 30, 2025, Tongying Thermal Powers total assets were RMB 3.338 billion, total liabilities were RMB 2.824 billion, and total equity was RMB 514 million.On November 18th, the Japanese Ministry of Agriculture, Forestry and Fisheries announced the prices for new rice traded between shipping groups and wholesalers. The average price for all varieties produced in October 2025 was 37,058 yen per 60 kilograms of brown rice, an increase of 163 yen from September, setting a new record high. Starting in the summer of 2024, Japanese rice prices began to rise due to factors such as poor rice harvests caused by extreme heat.On November 18th, the Israel Defense Forces (IDF) submitted a formal position paper to the Israeli government leadership, strongly opposing the potential sale of F-35 fighter jets by the United States to Saudi Arabia, and warning that such a move could weaken Israels air superiority in the Middle East. The document stated that the Israeli Air Forces regional advantage relies on its exclusive use of fifth-generation stealth fighters. It further stated that the long-range operational capability of Israels "Adil" fleet (the IDFs fleet of F-35I stealth fighters) depends on this exclusivity, and that if Saudi Arabia deploys the same type of aircraft, it will weaken Israels operational advantage.

This year, Rolls-Royce will begin testing the UltraFan prototype

Aria Thomas

Jul 18, 2022 10:48

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This year, Rolls-Royce (OTC:RYCEY) will begin testing a prototype of its UltraFan engine, the largest turbofan in the world, which is up to 25 percent more efficient than its first-generation Trent engines.


UltraFan chief engineer Andrew Geer told reporters at Rolls' headquarters in Derby, central England, before the beginning of the Farnborough International Airshow on Monday that the demonstrator's fan had a diameter of 370 cm, the maximum size achievable for widebody aircraft.


He remarked that the technology may be scaled down for other applications, such as the return of the British aerospace industry to the market for narrowbody aircraft.


UltraFan will be "frozen" until testing is complete, with no more investment until Boeing (NYSE:BA) or Airbus launch a new aircraft program, UltraFan CEO Warren East told the Financial Times last year.


Geer noted that UltraFan was not a single engine, but rather a platform for several technologies, and that many of its innovations could be implemented into Rolls' existing programs.


It contains carbon titanium fan blades instead of the hollow titanium blades of prior Trents and a 64 megawatt power gearbox, which is a record.


He claimed that the first test flight will also use 100 percent sustainable aviation fuel from Air BP (NYSE:BP), which is derived from vegetable oils rather than fossil fuels.


Chris Cholerton, president of civil aerospace, remarked, "The suite of technologies we are testing aboard the demonstrator will introduce new capabilities for future propulsion systems and provide opportunities to enhance our current fleet."


In addition to improving the performance of gas turbines, Rolls is also exploring hydrogen and hybrid electric technologies to power commuter and regional aircraft.


Beginning in the middle of the 2030s, the company intends to perform rig and engine tests to demonstrate that hydrogen can safely and effectively power small to medium-sized aircraft.


Liquid hydrogen will be utilized to power an AE2100 engine for the first time this year, according to the business, and a test of a Pearl 15 engine will follow at an unspecified date.

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