Lawmakers in Washington are increasingly exerting pressure on Boeing Co.’s historic agreement to provide 109 aircraft to Iran’s national airline. “I am extremely concerned that by relaxing the rules, the Obama administration has allowed U.S. companies to be complicit in weaponizing the Iranian regime,” Republican Representative Bill Huizenga of Michigan said at a hearing of a…
A long-lost sense of glamour has been brought back to travel since the commercial introduction of the Airbus A380 in 2007. With in-flight lounges where bartenders mix bespoke cocktails, the first-class cabins featured with private showers and buttery leather armchairs and a broad staircase reminiscent of a 1920s ocean liner links the two decks, the…
In what is being termed as “the world’s first mass-produced car on the internet”, two of China’s biggest household brands have teamed up to create a smart technology based sports utility vehicle (SUV). The SUV named the Roewe RX5 is a joint production effort of Chinese e-commerce giant Alibaba and SAIC Motor, the country’s biggest…
In a rare major investment in an industry hit by low prices and a boost to the local economy, a $36.8 billion plan to boost production at the Kazakhstan’s Tengiz field has been agreed upon by a group of oil companies led by Chevron and Central Asian country. Kazakhstan, which is the biggest former Soviet…
Pressure is building on the auto industry executives and regulators to ensure that automated driving technology is deployed safely following the fatal crash of a Tesla Motors Inc Model S in Autopilot mode. Tensions surrounding efforts to turn over responsibility for braking, steering and driving judgments to machines has been highlighted by the first such…
Israel’s place among the world’s technological elite is being jeopardized by an alarming lack of engineers, technicians and even doctors. And this lack has sent Offer – situated in the high tech hub of Tel Aviv, to look abroad to find workers for his fast-growing Internet data firm SimilarWeb. “There’s a brutal fight over skilled…
Despite Britain’s vote to leave the EU and as sterling’s slump potentially boosts the industry’s survival prospects, Tata Steel is close to a deal to save its Port Talbot plant. With bidders for Tata Steel UK ready to pull out of the process, the steel industry faces a new crisis after the referendum result, MPs…
The scale of the former pariah state – Iran’s airline ambitions were became evident after the signing this week of an outline deal for 109 Boeing Co. jetliners five months after agreeing to buy 118 from Airbus Group SE. A fleet that would be larger than the current lineup at Abu Dhabi-based Etihad Airways, one…
By putting automation within reach of many small and medium-sized companies for the first time, robots that work as assistants alongside people are set to upend the world of industrial robotics, industry players said this week. Easy to use, inexpensive and safe to be around are the attributes of collaborative robots, or “cobots”. These robots…
As Britons confounded markets and bookies by voting to leave the European Union, Jaguar Land Rover owner Tata Motors Ltd. slumped the most since 2012, sending India’s benchmark stock index to its biggest drop in almost four months. The worst performer on the S&P BSE Sensex, with a plunge of 7.9 pe4cent, was Tata Motors, whose…
