In order to maintain high-quality development, China will continue to deepen supply-side structural reform among other measures in 2019, said a statement after the Central Economic Work Conference that was held in Beijing from Wednesday to Friday. This meeting was… Read More ›
Day: December 21, 2018
US Indicts To Chinese Men In For Commercial Hacking
Two Chinese men have been indicted by the US justice department on charges of them hacking into the computer systems and networks of companies and government agencies in Western countries. It is being alleged that the duo are a part… Read More ›
Uber Restarts Trials Of Its Self-Driving Cars In Pennsylvania
After remaining suspended for nine months following the death of an individual in a deadly accident in Arizona, ride hailing company Uber Technologies Inc is resuming its trial on limited self-driving cars on public roads in Pittsburgh. It was just… Read More ›
UK’s Debenhams Drops Below Fishing Equipment Retailer In Terms Of Market Value
The changing face of retailing business in the United Kingdom was drastically portrayed after it was revealed that the market value of one of the most well known names of UK retailing industry and the British high street, Debenhams –… Read More ›
Despite Trade War, $9bn China Chip Project Planned By Foxconn Nikkei
In the backdrop of the trade war between the United States and China partly because of Washington’s concerns of Beijing’s policies to satisfy its ambition to become a tech giant, about $9 billion would be invested by the largest iPhone… Read More ›
Sikorsky Aircraft & Boeing Co win $1.1 billion U.S. defense contract
The contract is for supporting contract for the MH-6, MH-47, and MH-60 aircraft. In a statement, the Pentagon said, Sikorsky Aircraft, a unit of Lockheed Martin Corp along with Boeing Co have been awarded a $1.1 billion U.S. defense contract… Read More ›
Lockheed Martin Corp wins $997 million U.S defense contract
Lockheed Martin Corp has been awarded a U.S. defense contract for upgrading 84 F-16 fighter aircraft to the V-configuration. In a statement to the press, the Pentagon said, Lockheed Martin Corp has been awarded a $997 million U.S. defense contract… Read More ›
Raytheon wins $568 million U.S. defense contract
The contract is part of a modification package of a foreign military sale to Sweden. The Pentagon said in a statement, Raytheon Co was won a $568 million U.S. defense contract for modifying a Patriot missile defense system it is… Read More ›
Brazilian planemaker Embraer SA to shell out $1.6 billion to $1.7 billion in extraordinary dividends
The bulk of proceeds stem from the Embraer SA’s recent deal with Boeing, wherein the latter took a 80% stake in the commercial aircraft business of Embraer. The move is expected to reshape the global passenger aircraft industry. As per… Read More ›