China State Engineering Corp is eyeing all kinds of contracts including, civil construction, road building, groundworks, oilfields pipeline work. An executive from China State Engineering Corp stated, it is eyeing more opportunities for oil projects in Iraq, Saudi Arabia and… Read More ›
Entrepreneurship
American Airlines Group sees $185 million profit hit from ground Boeing 737 MAX jets
With fewer planes in service, the airlines saw its second-quarter unit revenue, increase between 3% and 4% percent in the quarter ended June. According to a statement from the No.1 U.S. airline, American Airlines Group Inc, its second-quarter profit will… Read More ›
Will defend Brexit’s Irish backstop: Ursula von der Leyen
The stance taken by Ursula von der Leyen, a nominee for the next president of the European Commission, is likely to increase the chances of a hard Brexit. Ursula von der Leyen, the nominee for the next president of the… Read More ›
Lockheed Martin’s Coatesville Sikorsky helicopter plant to remain open at Trump’s request
Lockheed Martin’s 465 employees at the plant will continue to have jobs. The lack of a specific plans however clouds their long term job prospects at the plant. Following U.S. President Donald Trump requesting Lockheed Martin Corp’s CEO to keep… Read More ›
Apple pushes to boost services business in China
Faced with sluggish iphones sales in China, Apple is now trying to replicate the success it met in Bengaluru, India, with China. Cupertino aims to start training Chinese developers to create apps in order to build its services business in… Read More ›
Tesla to ramp up production at Fremont factory: Bloomberg
Tesla is pushing the production of the Model 3 sedan. The company’s success depends on it. According to a report by Bloomberg, which cites an internal email from Tesla, the electric carmaker is preparing to boost the output of its… Read More ›
Capitol Hill to witness key antitrust hearings next week
Representatives from tech giants, such as from Google, Amazon, Apple and Facebook, are set to testify before a House of Representatives congressional committee on June 16. The The hearing will discuss the formidable market power wielded by online platforms. In… Read More ›
Nintendo to shift part of Switch gaming console to Vietnam from China
The move is part of Nintendo’s strategy to diversify risk. On Tuesday, a spokeswoman for Japan’s Nintendo Co Ltd stated, the company plans on relocating a part of the production of its Switch gaming consoles to Vietnam from China. Currently,… Read More ›
Virgin Galactic to launch IPO: source
This is a milestone for Richard Branson’s space tourism venture. According to a source familiar with the matter at hand, Virgin Galactic, Richard Branson’s space-tourism venture, plans to go public as part of a deal with a special-purpose acquisition company… Read More ›