China Evergrande Group’s shares tumbled on Thursday after the crisis-hit real estate developer failed to pay offshore coupons due earlier this week. Evergrande, whose $19 billion in international bonds are in cross-default after missing a deadline to pay coupons earlier… Read More ›
In a statement, Robert Sumwalt, the chairman of the U.S. National Transportation Safety Board (NTSB) stated, according to a preliminary assessments, the damage to the fan blade in the Pratt & Whitney engine which failed in the United Airlines Boeing… Read More ›
Mitsubishi’s latest generation of gas turbines churn out the maximum amount of electricity per unit of fuel burned. As per sources familiar with the matter at hand, in 2018 General Electric Co managed to book the most orders for electricity-generating… Read More ›
Despite Beijing’s sweet coated words on its strategic Belt and Road project which will transport precious fuel and resources to its hungry industries, the project, key to Xi’s legacy, is viewed with suspicion by many countries across the globe, including… Read More ›
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