The deal is worth $4.25 billion. In addition to this, it has also placed an order for 75 CS100 aircrafts from Bombardier Inc. In order to help replace its ageing fleet of aircrafts, Delta Airlines has reported that it has… Read More ›
Strategy
Scottish Power awards Siemens to build EU’s largest offshore wind farm
This is in line with the British government’s efforts to incentivise low-carbon power production. In a move that would enthuse green energy backers, Siemens has won a five year contract worth $1.2 billion (833 million pounds) to build and service… Read More ›
Comcast enters into preliminary talks to purchase DreamWorks Animation
Many have unsuccessfully tried to acquire DreamWorks Animation, will Comcast succeed where others have failed? The Wall Street Journal has reported citing sources familiar with the matter at hand, that the largest cable operator in the U.S., Comcast Corp, has… Read More ›
The Chinese make good tourists
The economic cost of the Chinese splurge abroad is offset by the surplus generated by the country’s manufacturing and trading sector. China’s foreign exchange regulator has noted that the country’s trade deficit in the services sector has yawned to $21.0… Read More ›
Low oil prices drag down BP’s revenues by 80% for the first quarter of 2016
Its downstream operations have however offset its upstream losses by $747 million. It has maintained its dividend of 10 cents per ordinary share. With British Petroleum reporting a humongous 80% drop in its oil revenues for the first quarter of… Read More ›
T-Mobile’s net profit jumps by 10.6% driven by deep discounts
The surge in its profits is even more significant since it had reported a loss of $63 million in the previous year. With consumers flocking to U.S. telecom giant thanks to its deep discounts, T-Mobile US Inc., the No.3 wireless… Read More ›
World’s Largest Private Tech Investment Round Yields $4.5 Billion for Alibaba’s Ant Financial
A US$ 4.5 billion Series B round of financing WAS completed by Alibaba’s Ant Financial Services Group, one of the world’s largest online financial services companies, the company said on Tuesday. According to some sources, the company is now valued at… Read More ›
Philip’s lighting division to come out with an IPO
While beating analyst’s expectation of its revenues for the first quarter, although sales of its lighting division, which is set to come out with an IPO, later this year, has shrunk, its profitability has increased due to sales of higher… Read More ›
BAE System’s security researcher shed light on Bangladesh’s central bank cyber heist
Login credentials were used as an intermediary step to compromise the very foundation of the global banking system banks and financial institutions depend on to transfer funds to one another. Security researchers from BAE have pointed to a far deeper,… Read More ›
A320neo hit with “dog bark” issue
It is yet unclear as to how this will impact Airbus’s delivery schedules? Although Indian carrier IndiGo has continued taking deliveries despite the issue, Qatar Airways refused, with Lufthansa stepping in to take its deliveries. As per airline industry… Read More ›
