In a statement the Pentagon said, the U.S. State Department has approved the potential sale of F-15ID fighter aircraft and related equipment to Indonesia in a deal valued at up to $13.9 billion. Indonesian Defense Minister Prabowo Subianto said, Indonesia… Read More ›
In a statement on Thursday, Israel’s Defense Ministry said, it has signed an agreement with Germany’s Thyssenkrupp Marine Systems to develop and produce three advanced submarines for its Navy in a deal worth $3.4 billion (3 billion euros). The two… Read More ›
In a statement on Tuesday, Ford Motor Co stated, it will invest $1.05 billion in its South African manufacturing operations, which includes upgrades, to expand the production of its Ranger pickup truck. The amount includes $683 million for technology upgrades… Read More ›
On Tuesday, Canadian coffee brewer Tim Hortons said, its Chinese business has received an investment from Chinese tech giant Tencent. The development comes in the wake of Tim Hortons wanting to expand its footprint in the Chinese market. In a… Read More ›
On Monday in a tweet, Indonesian President Joko Widodo stated, Indonesia has signed 11 business deals with the United Arab Emirates worth a combined $23 billion (314.9 trillion rupiah). The deals covers investments in areas including energy. Widodo mentioned that… Read More ›
The plant, which currently modifies vehicles for police use, will be upgraded and the existing work will be transferred to a nearby facility. 450 jobs will be created by this move. In a statement Ford Motor Co said, it would… Read More ›
In China, Walmart will be in a tough environment and will be competing with the likes of Alibaba Group Holding Ltd and Tencent Holdings Ltd who have cut deals to combine online and high street shopping. In a significant development,… Read More ›
Since the defeat of ISIS in Syria in March, Iraq has become an investment opportunity for countries, including Saudi Arabia and the United States, as they seek to counter Iran’s growing influence in the region. At a joint press conference… Read More ›
One of the strategies adopted by Boeing to mitigate aspects from its high-profile scrutiny, is reshuffling of executives in its commercial airplanes business, as it increases its focus on responding to the snow-balling situation. With U.S. lawmakers calling on Boeing… Read More ›
The potential development comes ahead of the introduction of global shipping fuel rules, set to be introduced in 2020, which see sulphur component in marine fuel dip to 0.5% from 3.5%. According to a senior executive from Exxon Mobil Corp,… Read More ›
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