On Tuesday, French President Emmanuel Macron unveiled a five-year, $35 billion (30 billion euro) investment plan aimed at providing much needed support to champions of domestic industry and to support innovation. “We must wage the battle of innovation and industrialisation… Read More ›
In signs of a worsening power crisis in China, the country’s largest provincial economy warned of worsening power shortages despite Beijing’s best efforts to boost coal supply and boost electricity production. According to analysts, China’s power crisis is expected to… Read More ›
Honeywell International Inc has raised its outlook for business jet deliveries, underscoring the aviation sector’s recovery from the COVID-19 pandemic. The travel industry is gradually recovering following easing of travel restrictions. U.S. based Honeywell International has forecast up to 7,400 new… Read More ›
In a statement Malaysia said, it has lifted interstate and international travel restrictions for fully vaccinated COVID-19 residents. Malaysia has inoculated 90% of its adult population. Malaysian Prime Minister Ismail Sabri Yaakob said, the government has agreed to allow fully… Read More ›
On Friday, in a statement the South Korean government said, it will raise its greenhouse gas reduction target to 40%, up from 26.3%, by 2030, as part of its efforts to achieve carbon neutrality by 2050. The revision of the… Read More ›
In a statement Singapore’s Trade Minister Gan Kim Yong said, the country plans on widening its quarantine-free travel program to include fully vaccinated persons from the United States and South Korea. The development sees the financial hub attempting to cautiously… Read More ›
In a significant development, following the wrapping up of the first meeting of global airlines, the International Air Transport Association (IATA), said confusion over air travel restrictions is holding back the sector’s fragile recovery from the Coronavirus-induced COVID-19 pandemic which… Read More ›
In a statement Lufthansa said, it has agreed to lease four new Airbus A350-900 long-haul passenger jets in a move aimed at restructuring its balance sheet midst the coronavirus-induced COVID-19 pandemic. “Airplanes are currently available at low lease rates as carriers… Read More ›
BlackBerry Ltd reported its second quarter revenues which beat analysts’ estimate on the back of strong demand for its cybersecurity and Internet of Things software products. BlackBerry’s U.S.-listed shares rose by 9.1% to $10.43 in extended trading. Ahead of the… Read More ›
In a statement Argentina’s Ministry of Defence said, it is looking to purchase multipurpose fighter jets for up to $664 million. According to a source with knowledge of the negotiations, fighter planes from the United States, Russia, China, Israel and… Read More ›
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