Author Archives

• Pratt & Whitney catching up on engine backlog: Airbus SE

  By admin1 on July 18, 2018 • ( 0 )

  

  More than 100 planes are sitting idle in factories thanks to mostly engine backlog from Pratt & Whitney. On Wednesday, European planemaker Airbus stated, its engine supplier Pratt & Whitney was catching up on engine delays and told investors that… Read More ›

• Philippines’ San Miguel to invest $1 billion to build 10 breweries

  By admin1 on July 18, 2018 • ( 0 )

  

  The announcement marks the continuation of the conglomerate’s aggressive expansion strategy, which it began in 2008. On Wednesday, senior executives from Philippines’ San Miguel Corp stated, the conglomerate plans to invest at least $1 billion (£764.18 million) within the next… Read More ›

• Boeing awarded contract for 2 Air Force One jets for $3.9 billion

  By admin1 on July 18, 2018 • ( 0 )

  

  The Pentagon stated the two Boeing 747-8 aircrafts are to be delivered mission-ready by December 2024. As per a news brief by the Pentagon, Boeing Co has been awarded a contract worth $3.9 billion to build 2 747-8 aircrafts for… Read More ›

• Lockheed Martin Corp wins contract worth $451 from the Pentagon

  By admin1 on July 17, 2018 • ( 0 )

  

  The terms of the contract includes providing materials and designs for 4 Multi Mission Surface Combatant ships and includes foreign military sales to Saudi Arabia. As per a report from the Pentagon, Lockheed Martin Corp has won a contract to… Read More ›

• Boeing Co wins orders for 14 777 freighter worth $4.7 billion

  By admin1 on July 16, 2018 • ( 0 )

  

  The Farnborough Airshow is an opportunity for both, Boeing Co and Airbus SE, to garner fresh orders. Although Boeing landed the first order from the show, Airbus is likely to soon catch up and zoom ahead. On Monday, at the… Read More ›

• WTO needs rules on forced transfer of technology: European Council President Donald Tusk

  By admin1 on July 16, 2018 • ( 0 )

  

  European Commission President Jean-Claude Juncker and European Council President Donald Tusk are in Beijing to meet Chinese Premier Li Keqiang for the annual China-EU leaders dialogue. On Monday, Donald Tusk, the President of the European Council stated, the World Trade… Read More ›

• David Solomon to become Goldman Sachs Group Inc’s next CEO

  By admin1 on July 16, 2018 • ( 0 )

  

  A formal announcement is likely to be made as soon as today, if not later this week. As per a report from the New York Times, Goldman Sachs Group Inc is likely to name David Solomon as its next chief… Read More ›

• China registers highest trade surplus levels with U.S. in June since Dec. 2017

  By admin1 on July 13, 2018 • ( 0 )

  

  The data could potentially prolong and deepen the ongoing trade war. Official data from the U.S. shows, Beijing’s exports to the United States, have unexpectedly risen to record highs. China’s trade surplus with the U.S. peaked in June and could… Read More ›

• China’s National Textile and Apparel Council opposes U.S. tariffs

  By admin1 on July 13, 2018 • ( 0 )

  

  China is ramping up direct and indirect pressures on Washington. On Friday, China’s National Textile and Apparel Council stated it was deeply concerned with the escalating trade dispute between the United States and China. As per a statement on its… Read More ›

• China’s sourced soybeans from Brazil, avoided higher tariffed U.S. soy

  By admin1 on July 13, 2018 • ( 0 )

  

  With China, the world’s biggest consumer of soybeans, sourcing soybeans from Brazil, the price of Brazilian soy peaked in June. On Friday, according to data from China’s General Administration of Custom China’s import of soybean in June has jumped by… Read More ›