Airbus and Boeing see an increase in the demand for short-haul aircrafts for this region where low-cost carriers are aggressively servicing consumers’ demand for air travel. On Friday, Boeing Co stated it has increased its 20 year forecast for Southeast Asian demand by 460 aircraft. This marks the largest jump for any region in the…
By reducing 5,000 employees from its global workforce, HPE is broadening its cost cutting strategy. Bloomberg has reported citing sources familiar with the matter at hand, Hewlett Packard Enterprise Co is planning on cutting at least 5,000 workers from its employee strength, as it focuses on broadening its efforts at cost reductions midst mounting competition.…
Oil and gas players with interests in the disputed zone are put in a bad place as the world’s second-largest economy threatens military action in the South China Sea. For the Spanish energy firm Repsol, that was the case. After Beijing warned the Southeast Asian country that it would attack bases if operations continued, the subsidiary…
A new report published recently notes that with values soaring 25 percent over the past 12 months, fine wine is now the best-performing collectible of the world’s wealthy collectors. Wine has replaced classic cars as the top collectible, found the Knight Frank Luxury Investment Index, which tracks the price growth in the major categories of…
Although the SEC had “promptly” patched the vulnerability in its EDGAR system which stores millions of confidential data that companies are required to file to the SEC, the fact that hackers have managed to penetrate its systems, have stoked investor concerns. In a startling development, the U.S. Securities and Exchange Commission (SEC), disclosed that hackers…
In its report, Singapore-based FireEye has detailed Iran’s growing cyber espionage capabilities which has now placed it among the “top five world cyber-power”. As per FireEye, an internet security firm, hackers who have been allegedly linked to Iran’s government have attacked computer systems at aerospace and petrochemical firms which belong to Saudi Arabia and the…
It is a question that is making the rounds of economic circles as well as the technology world how has Estonia managed to become a leader in technology and innovation? The answer is in the past, believes Estonian-born CEO and co-founder of TransferWise, Taavet Hinrikus. “We (Estonia) kind of started rebuilding the nation in 1991…
Amazon’s virtual assistant Alexa will be enabled to be summoned anytime, anywhere by a pair of “smart glasses” its first wearable device that Amazon is working on, according to media reports quoting sources. The reports said that to enable it to be worn comfortably and unobtrusively, the device is designed to look like a regular…
Personal details of less than 400,000 U.K residents may also have been accessed by hackers, said Equifax. In another starling disclosure Equifax Inc stated, the personal details of nearly 100,000 Canadians were exposed in the massive hacking incident that took the company by storm earlier this month. As per Equifax, hackers were able to access…
With the aim of satisfying app developers and adding new so-called augmented reality apps, significant changes to its marketplace for third-party software have bene introduced by Apple Inc’s newest operating system for iPhones and iPads. Even as the its two newest phone handsets, the iPhone 8 and iPhone X, set to start shipping to customers…
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