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 ›
Economy & Finance
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 ›
Saudia Arabia has begun working on 200GW solar project: Energy Minister Khalid al-Falih
The Kingdom Public Investment Fund along with Japan’s SoftBank have already begun installing the utility-scale 200GW of solar power in the country. Saudi Arabia’s energy minister Khalid al-Falih stated at a post-budget event that the Kingdom has started implementing an… Read More ›
New Research Warns A Cashless Society Would Put Millions At Risk
According to a new report, millions of people could be in danger of being affected by the risks of shifting towards a completely cashless world. While large tech companies such as Apple believes that in the near future, there would… Read More ›
UK Court Dismisses Uber’s Appeal On Employment Rights Of Its Drivers
Judges in the United Kingdom struck down an appeal by the ride hailing company Uber against a historic ruling by the employment tribunal of the country which mandated that the drivers of Uber would have to be recognised as workers… Read More ›
France To Impose A New Tax On Large Tech Companies Alone
After France failed to make its European Union partner countries to agree to a EU-wide imposition of a new tax on big technology companies, the country has decided to go ahead alone with it. About €500m in its first year… Read More ›