Press Releases

NEW YORK--(BUSINESS WIRE)-- KBRA announces the assignment of preliminary ratings to nine classes of ARZ 2024-BILT, a CMBS single-borrower securitization.

The collateral for the transaction is a $460.0 million non-recourse, first lien mortgage loan that was co-originated by Morgan Stanley Bank, N.A., Deutsche Bank AG, New York Branch, and JPMorgan Chase Bank, National Association.. The fixed rate loan has a five-year term and requires monthly interest-only payments... (continue reading...)

According to SNS Insider, The locomotive market was valued at USD 22.45 billion in 2023 and is expected to reach USD 44.73 billion by 2031, registering a compound annual growth rate (CAGR) of 9% throughout the forecast period.

Rail Investment Boom Fuels Locomotive Industry Growth With Faster, Greener Trains

The locomotive industry is on an upward trend due to a surge in rail network investments. Governments and private companies are pouring money into expanding and... (continue reading...)

Governor Juvenor Diaz of Santander, a department found in the central-northern part of Colombia, has decried the illegal mining activities conducted in his area by the country’s largest criminal gang called the Gulf Clan. This drug cartel also goes by the name EGC, or Gaitanista Army of Colombia.

The neoparamilitary outfit came into being after another cartel, the United Self Defense Forces of Colombia, was demobilized. The group’s interest in the…

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Last week, Ukraine unveiled Victoria Shi, an AI-based spokesperson for the country’s foreign ministry. She will be making official statements for this ministry. The ministry bragged that it was the “first in the world” an AI spokesperson would read human-made statements on behalf of the foreign ministry.

In a presentation that was uploaded to social media, the AI spokesperson described herself as a “digital person” named Victoria Shi. She was clad in... (continue reading...)

Chinese automaker BYD has officially confirmed that it will build an electric-vehicle factory and start manufacturing EVs in Indonesia in 2026. Construction on the facility will start later this year on a 100-hectare plot in West Java’s Subang Smartpolitan Industrial Area that BYD is currently purchasing, the carmaker says.

Although BYD hasn’t provided any information on the facility’s production capacity, the company expects to begin manufacturing EVs at the... (continue reading...)