Nigeria is set to launch its new national carrier, Nigeria Air at the end of this year. According to a tweet by Tolu Ogunlesi, a communications official, no more than 5 percent stake in the new airline would be owned… Read More ›
Strategy
Pratt & Whitney catching up on engine backlog: Airbus SE
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
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
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 ›
One Third Of Global Economy Covered In EU-Japan Trade Deal
Tariffs on almost all exported gods were either reduced or completely eliminated in a new free trade deal that was signed between the European Union and Japan on Tuesday. The deal encompasses almost 600 million people and about one third… Read More ›
China To Ease Monetary Policy To Counter Trade War
Following the ongoing trade war with the United States, it is likely that China would announce a shift in its monetary policy from one that leverages to one that is able to buttress” growth. This after the second largest economy… Read More ›
Lockheed Martin Corp wins contract worth $451 from the Pentagon
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 ›
Amidst Trade Spat, Chinese Growth Slows As Expected By Markets
There has been a slowdown in China’s economic expansion as had been expected by market experts who also believe that the results are a signal about the largely stable output amidst an escalating trade conflict with the U.S. Compared to… Read More ›
Only Recycled Plastics Would Be Used By Adidas For Its Products By 2024
Adidas wants to become completely sustainable as soon as it can with respect to its products. The global giant of sportswear manufacturer has announced that it has committed itself of making use of only recycled plastic for its products by… Read More ›
Boeing Co wins orders for 14 777 freighter worth $4.7 billion
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 ›
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