Siemens wins $2 billion contract to build new London Tube trains
LONDON (Reuters) – A division of Germany’s Siemens (SIEGn.DE) has been awarded a contract worth about 1.5 billion pounds ($2 billion) to design and build 94 new trains for the…
Trump sets tariffs on $50 billion in Chinese goods; Beijing strikes back
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports on Friday, and the smoldering trade war between the…
Fed up with rising costs, big U.S. firms dig into healthcare
SAN JOSE, Calif. (Reuters) – At its Silicon Valley headquarters, network gear maker Cisco Systems Inc is going to unusual lengths to take control of the relentless increase in its…
Airbus clinches final deal to rescue Bombardier CSeries
(Reuters) – European planemaker Airbus (AIR.PA) has finalized a rescue deal for Bombardier’s (BBDb.TO) CSeries jet and is expected to flex its marketing and cost-cutting muscle to revive the loss-making…
Emirates sees oil, dollar ‘double whammy’, but demand strong
SYDNEY (Reuters) – The president of Emirates airline said the rare combination of higher oil and a stronger dollar, which usually move in opposite directions, represented a “double whammy” in…
Boeing executive says oil over $65 leads to increased demand for new jets
SYDNEY (Reuters) – Boeing Co (BA.N) is expecting increased demand for new airplanes now that oil is above $65 a barrel, a senior executive said on Sunday. FILE PHOTO: The…
China’s HNA, COMAC sign deal for 200 C919, 100 ARJ21 jets
SHANGHAI (Reuters) – Chinese conglomerate HNA Group has agreed to purchase 200 C919 and 100 ARJ-21 planes from the Commercial Aircraft Corp of China Ltd (COMAC), the companies said on…
Rolls-Royce says tripling capacity to fix Trent 1000 engine problems
LONDON (Reuters) – Britain’s Rolls-Royce (RR.L) said it would add maintenance facilities and people to triple its capacity to fix problems with Trent 1000 engines that have grounded Boeing Dreamliner…
US and EU again at odds over Airbus subsidies at WTO
GENEVA (Reuters) – The European Union told the World Trade Organization’s dispute settlement body on Monday that it had acted within days of a WTO ruling to bring its funding…
French industrialist Serge Dassault dies at 93
PARIS (Reuters) – French billionaire industrialist Serge Dassault, whose group builds Rafale warplanes, died in Paris on Monday aged 93, a spokesman for Dassault Group said. FILE PHOTO: Serge Dassault,…