Author Archives
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Airbus to sell 140 planes worth $23 billion to China
Airbus is also discussing the possibility of selling a A380 superjumbo jet to China as part of a separate deal. On Wednesday Airbus stated it has signed an agreement to sell 140 aircrafts to China, in a deal worth nearly… Read More ›
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The Australian Government continues its love affair with the fossil fuel industry
Valued at $56 billion, the Great Barrier Reef, taken off UNESCO’s danger list with the Australian government continuing its love affair with the fossil fuel industry. UNESCO, the United Nations’ cultural body has voted to leave the Great Barrier Reef… Read More ›
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Chinese bike-sharing company Ofo valued upwards of $2 billion
In its latest funding round, led by the Alibaba Group, the company raised $700 million. On Thursday, Ofo, a Chinese bike-sharing start-up stated it has raised more than $700 million in its latest funding round, led by Alibaba Group and… Read More ›
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EU’s draft document indicates EU’s negotiations stance
The insightful draft document strategically reveals EU’s stance in order to place negotiation goal posts so as to groom, prepare and speed up upcoming negotiations. As per a draft paper based on which Brexit negotiations will begin, the EU will… Read More ›
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BMW to decide location of its electric Mini plant by Sept 30
The uncertainty surrounding Britain, especially after the outcome of its June 8 snap elections, is taking a toll on the health of its economy. As per a board member for sales at BMW, the carmaker will take a decision as… Read More ›
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Samsung to sink in $18.6 billion to maintain its lead in memory chip and next gen display business
With demand exceeding supply, chipmakers are expected to report record profits this year. On Tuesday, Samsung Electronics Co Ltd disclosed it plans on investing at least $18.63 billion (21.4 trillion won) in South Korea in order to extend its lead… Read More ›
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Trump to promote LNG export to Russia’s neighbours in the Three Seas Summit
The move is likely to weaken Russia’s usage of energy as a weapon in central and eastern Europe. U.S. President Donald Trump plans on capitalizing on fast growing supplies of U.S. natural gas and use it as a tool to… Read More ›
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Glitches causes prices of stocks to appear off on some websites
The prices of these stock on Nasdaq’s website weren’t however affected. In a major glitch stemming from the market data that is largely run on automated markets, the prices of several big names on the Nasdaq listed stock exchange appeared… Read More ›
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Airbus begin corporate restructuring towards a leaner structure
The restructuring effort is likely to result in increased competition with Boeing as well boosting the efficiency across its global supply chain. Following a recent merger of Airbus’ parents and its dominant plane manufacturing arm, on Monday, the company has… Read More ›
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BMW to decide location of its electric Mini plant by Sept 30
The uncertainty surrounding Britain, especially after the outcome of its June 8 snap elections, is taking a toll on the health of its economy. As per a board member for sales at BMW, the carmaker will take a decision as… Read More ›
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