Citing reasons of loss of trust of passengers on the Boeing Co’s 737 MAX 8 jets, Indonesian airlines Garuda Indonesia has informed the United States aircraft manufacturer that it wanted to cancel its earlier order of 49 of the 737 MAX 8 jets. The company has however also informed that it was reconsidering the order…
General Motors Co would indeed build a new Chevrolet electric vehicle in a project that would require investments of at least $300 million and would be undertaken in a suburban Detroit assembly plant, the company has confirmed. The company also added that about 400 new jobs would be created for the project. There has been…
The current economic slowdown in China has prompted most consumers to refrain from upgrading their smartphones which is making it difficult for its retailers to score on sale growth. Despite this, major strides have been made by domestic brands led by Huawei and they have been able to attract and convince customers with offers of…
Daimler is reportedly exploring pros and cons and means of increasing its stake in Chinese carmaker BAIC Motor Corp which is its domestic business partner in its joint venture for car manufacturing in China and has asked Goldman Sachs to help it with this, according to reports. If this deal goes through, it would be…
Those high quality video games that gamers have traditionally have either had to download or purchase on a disc would now be offered by tech giant Google without the need for a disc or a gaming console. That would be done by the company through streaming the games over an internet connection, the company informed…
The profit outlook for 2019 was reduce3d for the second time in three months by FedEx Corp on Tuesday which resulted in its shares dropping by more than 5 per cent and raising already rife concerns about the company losing out market share to rivals in the delivery industry such as United Parcel Service Inc…
There were “clear similarities” with October’s Lion Air crash and the Ethiopian Airlines crash, which killed all 157 people on board, Ethiopia said on Sunday. The analysis of the black boxes recovered from the crash site of the March 10 disaster has revealed this information. The latest version of Boeing’s profitable 737 model’s fate hangs…
According to a statement from the World Intellectual Property Organization (WIPO) on Tuesday, last year, more than half of the total applications for international patents were applied for by companies and individuals from Asia and the highest among them was by Chinese telecoms giant Huawei. In 2018, 5,405 patent applications to the U.N. body was…
Following media reports that the United States based aircraft manufacturer Boeing was set to issue a software upgrade for its 737 Max aircraft in 10 days resulted in an increase in the shares of the plane manufacturer. It is expected that the planned changes to its anti-stall software for its 737 Max aircraft of Boeing…
According to reports, JP Morgan has put on alert hundred of its employees in the UK while dozens from Goldman Sachs has also been told that they would have to relocate to other European Union countries after March 29 irrespective of whether or not there is ia delay in t he setting of Brexit beyond…
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