News

Note: This section contains information in English only.
Mon, 16 Jul 2018 11:33:08 GMT

Laudamotion denies Lufthansa's allegations over late payments

On Monday, Austria's leisure airline Laudamotion rejected the allegations by Lufthansa, saying it had always made the bill payments for the aircraft leased on time.

Mon, 16 Jul 2018 09:32:18 GMT

GE Aviation CEO: firm's overhaul makes no barrier for business

The GE Aviation CEO stated on Monday that changes at the US industrial titan General Electric was not a barrier for the aviation unit and would not hurt the business.

Mon, 16 Jul 2018 09:27:00 GMT

John Laing Infrastructure considers $1.9B buyout proposal

On Monday, John Laing Infrastructure stated it was in discussion with a fund consortium over a potential cash buyout proposal that could total the value of the firm at $1.9B.

Mon, 16 Jul 2018 08:39:22 GMT

USSA agrees to be sold for $1.0B to Allied Universal

The US firm handling facility and security services, Allied Universal, is set to acquire its rival company US Security Associates in a deal worth around $1.0B.

Mon, 16 Jul 2018 08:36:08 GMT

Orange acquires Basefarm in $409M worth deal

The French telecoms group Orange is acquiring Basefarm Holding for $409M based on the enterprise value, seeking to bolster its presence in the cloud computing services.

Mon, 16 Jul 2018 07:34:05 GMT

Rolls-Royce looks for partners to develop flying taxi project

Rolls-Royce, Britain's jet engine maker, is looking for partners to develop its project of a propulsion system designed for flying taxi, seeking to launch it as early as the next decade.

Mon, 16 Jul 2018 07:30:04 GMT

Microsoft urges for facial recognition tech regulation

Microsoft Corp has called on the government to create a regulation of the facial recognition technology to make its usage governed by the law.

Mon, 16 Jul 2018 06:39:34 GMT

US House to take testimony from social media firms

Alphabet's YouTube unit, Facebook and Twitter are set to testify at the US House hearing this Tuesday over the filtering the content for political reasons.

Mon, 16 Jul 2018 06:34:04 GMT

China car firms set venture to establish ride-hailing platform

China's auto firms Dongfeng Automobile, Chongqing Changan Automobile and FAW Group have formed a joint venture to set up a ride-sharing platform to create a similar service to Uber.

Mon, 16 Jul 2018 05:38:03 GMT

L3 Tech names Lockheed's O'Bryan as Sales Head

On Sunday, L3 Technologies announced it had hired the ex-senior Lockheed Martin official Steve O'Bryan as the company's Global Business Development Chief, as part of its move to expand the firm's reach.

Mon, 16 Jul 2018 05:34:35 GMT

New Borsalino owners consider listing to revamp group

Philippe Camperio-led Haeras Equita group, the new owner of Italy's Borsalino, is considering to list the hat maker at London and Milan markets to revamp the company, after rescuing from liquidation.

Mon, 16 Jul 2018 04:33:32 GMT

Eletrobras distributor still aims to auction power utility on July 26

The Brazilian government is still targeting to auction the distribution units of the Centrais Eletricas Brasileiras power utility or Eletrobras planned for July 26.

Mon, 16 Jul 2018 04:28:09 GMT

Thysson, Kone shareholders hold talks on elevator ops merger

Thyssenkrupp and Kone large shareholders have held negotiations over their elevator business potential merger, the German daily reported on Sunday.

Mon, 16 Jul 2018 02:53:21 GMT

China's industrial output weakens in June

China's industrial production grew 6.0% year-on-year in June, missing expectations, while growth of fixed-asset investment slowed to 6.0% in the H1 of the year, in line with forecasts, an official report revealed.

Mon, 16 Jul 2018 02:50:21 GMT

ZTE's HK shares to open 5.5% higher after US lifts ban on suppliers

Shares of China's ZTE were expected to rise 5.5% in Hong Kong, after the US lifted its ban on American firms selling parts to the telecommunications equipment producer that crippled its business.

Mon, 16 Jul 2018 02:35:46 GMT

Chinese GDP growth set to cool in Q2

China is anticipated to report a slowdown in the second-quarter economic expansion, as a trade war with the US threatened exports and the government's attempts to tackle debt risks hindered activity

Mon, 16 Jul 2018 02:29:48 GMT

May pledges to protect supply chains of planemakers in Brexit

Britain's Prime Minister Theresa May is set to seek to reassure aviation chiefs that her Brexit plan is unlikely to disrupt supply chains, and pledge that the industry would flourish, as the UK leaves the EU.

Sun, 15 Jul 2018 19:21:54 GMT

Eritrea and Ethiopia continue to make peace

The Prime Minister of Ethiopia and the President of Eritrea met on Sunday to preach peace after hostilities had ceased.

Sun, 15 Jul 2018 19:20:54 GMT

Italy stops migrant movements

The government of Italy has allowed the last party of migrants to arrive in Sicily under heavy guard.

Sun, 15 Jul 2018 18:09:15 GMT

News storms increase during NATO summit

As Donald Trump named EU as one of the competitors in trade, the global media blew up, as all sources of various origins began to manipulate the speeches and meeting records.

Sun, 15 Jul 2018 18:07:41 GMT

Pakistan prosecutes previous Prime Minister

Pakistani authorities on Sunday pushed the criminal case against the country's ex-PM, who has been accuses of corruption in various cases.

Sun, 15 Jul 2018 17:15:32 GMT

Airbus will sell 350s to Taiwan

It was announced at the UK air show that Airbus is set to sell A350 models to the Taiwanese airline Starlux.

Sun, 15 Jul 2018 17:12:28 GMT

Airline bosses meet in Britain

On Sunday, airline firm representatives met in the United Kingdom to discuss the future of the industry.

Sun, 15 Jul 2018 16:25:01 GMT

Boeing is concerned about tariffs

On Sunday, officials from Boeing announced that the trade tariffs announced by the US might hurt the company.

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