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 ›
Economy & Finance
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 ›
American Retailers On A Buying Spree Because Of US Trade War With China
There is hardly any free space left in American warehouses as traders and retailers are filling them up with Chinese products of all kinds – microwaves, vacuum cleaner filters, swimwear, furniture, said Amy Magnus, head of the National Customs Brokers… Read More ›
Volvo Prepares For No-Deal Brexit, Stockpiles Products In UK
Sweden’s truck making firm AB Volvo is creating safety stock” with its British dealers and is contemplating alternatives to ship its vehicles to the UK to that there is minimum disruption for its products to reach the market as the… Read More ›
European Union launches forced technology transfer case against China
The WTO action by the EU, mirrors similar concerns raised by the United States. This is the second such action the European Commission has taken against China at the WTO. On Thursday, for the second time this year, the European… Read More ›
Germany tightens foreign investment rules eyeing China
Earlier this month, European Union states have agreed to coordinate scrutiny of foreign investments in Europe, notably from China. In a significant development, Germany has agreed to adopt new business rules that lowers the threshold for screening for mergers and… Read More ›